News

HSBC has announced that will close 82 branches in the UK this year as the COVID-19 pandemic exacerbates the move away from in-person banking and towards digital methods. The closures, which will leave HSBC with 511 branches across the UK, will take place between April and September, with the bank pl

Independent infrastructure and private equity investment manager Foresight Group has made a £4.5 million investment into Edinburgh-based iMist Holdings Limited, a manufacturer and installer of water mist fire protection systems for homes and residential buildings. iMist was founded in 201

The institutionally-backed development and bridging lender Atelier Capital Partners has funded more than £100 million of loans since launch. Atelier, which specialises in short-term finance for professional residential developers and SME property companies, reached the milestone after posting

Scottish cities are set to avoid the worst of the impact of economic downturns throughout the ongoing coronavirus pandemic, according to the latest Demos-PwC Good Growth for Cities report.

Two-thirds (66%) of investors aged 18-34 began to invest for the first time last year as lockdown made their finances a top priority, research from Dundee-based investment company Alliance Trust Plc has revealed. A third (33%) of younger people who began investing in 2020 said they did so because CO

Xergy, a new tech start-up behind a cloud-based system that can help companies get ready for tomorrow’s economy through digital transformation, has secured £425,000 grant funding from Scottish Enterprise. The funding will enable Xergy to further invest in the development of its revolutio

The UK Government has confirmed that Scottish firms exporting fish and shellfish to the EU who can prove they have suffered 'genuine loss' due to Brexit red tape will be able to claim up to £100,000 in compensation.

Martin Keenan, a cross-border VAT specialist with Azets in Scotland, has warned that the recent description of the problems faced by Scottish Seafood businesses trying to deliver their products to EU customers as “Teething problems” significantly understates the complex and challenging i

Retail sales in Scotland took a significant turn for the worse in the final month of 2020, falling further into decline with 16.6% on a total basis, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Consumer price inflation rose slightly more than expected to 0.6% in December from a three-month low of 0.3% in November, according to the latest figures released by the Office for National Statistics (ONS).

The extension of the lockdown restrictions in Scotland announced by First Minister Nicola Sturgeon yesterday is a 'further blow' to Scottish businesses, according to the Scottish Retail Consortium (SRC).

Edinburgh-based Prewired has secured funding from Creative Informatics to take one of Edinburgh’s longest-running coding clubs for young people online. Prewired, which is also supported by the UK’s largest tech incubator CodeBase and tech groups Skyscanner and Deliveroo Engineering, has

Aberdeenshire Council has appointed its head of finance Alan Wood to the interim position of director of infrastructure services. Mr Wood takes up the role with immediate effect following the retirement of Stephen Archer in December.

New figures published by UK Finance show there were 130,000 mortgage payment deferrals in place at the end of December 2020.

Sales of gold bars increased by 53% over the Christmas period, according to The Royal Mint.