News

Citizens Advice Scotland (CAS) has urged credit card providers to show sensitivity and flexibility towards customers in persistent debt as new rules begin to come into force this month which allow them to impose sanctions.

Seven out of ten overdraft users will be better off or see no change when new rules on overdrafts come into force in April, the Financial Conduct Authority (FCA) has said. Around 14 million people use an unarranged overdraft each year, and all of these users will be better off or see no change. The

A lawyer has been fined more than £2,000 for punching a fashion designer in an argument over a front-row seat at the opera.

Edinburgh-headquartered innovation advisors ABGI UK has appointed Joe Matusiak to head up its newly launched grants division.  The new division will provide clients with an ‘end-to-end’ grants consultancy service, which includes writing and submitting grant applications, advising on

Tesco Bank is to create 100 new technology and change rolls in its Edinburgh office as part of a wider investment in customer-centric solutions that will help better meet the needs of Tesco shoppers. A further 20 jobs are to be created at Tesco Bank's Newcastle office. This is in addition to the 20

Marketplace lender Assetz Capital has provided a £350,000 refinance loan to The Crown Tavern pub in Lanark to fund a refurbishment and third-floor residential conversion.

The number of corporate and personal insolvencies for the whole of 2019 has increased, according to the latest Scottish Insolvency Statistics from Accountant in Bankruptcy. Overall, corporate insolvency numbers in Scotland for the whole of 2019 were 4% higher than in 2018, and were at their highest

Ted Baker has reported that the value of inventory held on the group's balance sheet at 26th January 2019 was overstated by £58 million, a number more than double the value of the £20-25m it initially suggested. In December, the retailer announced an accountancy issue where the company m

Lloyds Banking Group has pledged to reduce the carbon emissions it finances by over 50% by 2030 to help finance a green future. This is the estimated equivalent of removing the emissions produced by almost a quarter of UK homes.

The amount given in loans to Scottish students has more than doubled in the last decade to reach mover £500 million, according to Audit Scotland.

A new website which makes it easier for businesses to get information and support is one of the measures in the Scottish Government's refreshed Economic Action Plan for Scotland.

Former HBOS banker Damian Thompson has been appointed as Aldermore bank’s new group managing director of retail finance. Mr Thompson currently holds the role of director of mortgage and will succeed Susan Hayes, subject to regulatory approval.

The Competition and Markets Authority (CMA) has reported on the progress made in tackling the loyalty penalty in which companies penalise longstanding customers by charging them higher prices than new customers. The loyalty penalty can also be when found when companies penalise those who renegotiate

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day workforces, according to a new report from the Financial Reporting Council’s (FRC) Financial Reporting Lab. Workforce-related matters such as working conditions, changing contractual arrangemen

Hanya Partners has appointed financial services expert Philip White as its new consulting director.  Hanya Partners is a management consultancy specialising in IT, supplier management and organisation development with offices in Edinburgh and London.