News

Asset & wealth management firm Asset Co has announced its conditional acquisition of Edinburgh-based Saracen Fund Managers Limited for an effective total consideration of £2.75 million. The Consideration will be satisfied by the issue of 166,904 new ordinary shares of 10p each in the compa

One of Scotland’s largest independent funders, The Robertson Trust has today published details of its new fund for large organisations. Partners in Change is available to organisations working in Scotland with an annual income of more than £2 million.

Law firm CMS is joining forces with Interpath Advisory to stage a free to attend seminar for Scottish hotel and leisure businesses as they reopen after the second COVID-19 lockdown. The event will include a presentation by Stephen Montgomery, spokesperson for the Scottish Hospitality Group, a body w

NatWest customers will be able to set their own limit on how much can be transferred from their bank account online, in an attempt to protect the bank's customers from scams. The Royal Bank of Scotland owner is to cut the default limit on online transfers from £20,000 to £5,000 a day for

More UK homeowners are expected to fall into mortgage arrears this year as the economic repercussions of the COVID-19 continue to wreak havoc, according to new figures released by UK Finance. The trade association said mortgage arrears remained close to historically low levels in the first three mon

Kier Group has kick-started its proposed £241 million equity raise to help tackle its deficit. The share placing, which is fully underwritten by Numis Securities and Peel Hunt, will be the final part of its turnaround strategy.

Businesses across Scotland are invited to engage in a major new national initiative launched by BGF and the ScaleUp Institute to address critical challenges as the country recovers economically from the pandemic. ScaleUp Week: The Business Plan will take place from Tuesday, May 18 – Thursday,

Loganair, the UK’s largest regional airline, has launched its biggest ever winter programme as it continues to grow its connectivity across the UK. The winter schedule sees a 50% increase in the number of seats on sale in comparison to winter 2019, with 13 new routes announced for 2021 after t

UK Finance and the largest retail banks and building societies in the UK have made five commitments to continue to preserve access to cash for consumers and businesses over the long term. Barclays Bank, Coventry Building Society, HSBC UK, Lloyds Banking Group, Nationwide Building Society, NatWest Gr

The Financial Conduct Authority (FCA) has today set out plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets for firms to adhere to. Firms are already bound by FCA rules and principles to treat customers fairly and many firms are delivering

Pokémon trading cards have been pulled from the shelves of one of the biggest retailers in the US in a bid to protect staff from rowdy fans – one of whom brandished a gun last week. Beloved of people who grew up in the 1990s and traded them in primary school, Pokémon cards have s

Tom MacLennan and Chad Griffin, partners with business advisory firm FRP, have been appointed joint administrators of Alexander Inglis & Son Limited, one of the UK’s leading suppliers of grain and cereals to the whisky and distilling industries. Founded in 1950, Alexander Inglis & Son

TRICAPITAL Angel Investors (TRICAPITAL), the Scottish angel syndicate, has appointed Moray Martin as its new chief executive officer. The firm has announced a number of changes to its board and leadership team as the firm enters its next phase of growth.

Shirley McIntosh, RSM's head of tax in Scotland, discusses whether Scotland can afford the financials of independence. The Scottish people have elected their new Parliament and pro-independence parties have increased their majority. The independence debate often runs on emotion, but cool heads will

Scottish law firm Brodies LLP has advised on a number of major international hotel deals in the last six months, worth in excess of £1 billion. In a landmark transaction, the firm represented hospitality giant Accor in the conclusion of long-term branding and management agreements for the Fair