News

Shareholders from Lloyds Bank have lost a multi-million-pound claim against the bank over its purchase of HBOS in 2009. A total of 5,803 former Lloyds TSB shareholders claimed they were "mugged" when the bank recommended the deal without disclosing HBOS's true financial position which turned out to

Phoenix Group, Europe’s largest life and pensions consolidator, who also owns Standard Life Assurance, has today announced it has completed a £144 million bulk purchase annuity with the Trustee of the Aegon UK Staff Retirement and Death Benefit Scheme. The insurance policy covers around

Digital Six is expected to double its turnover from £750k to £1.5m in the next year, resulting in the creation of eight new jobs, thanks to support from organisations including Business Gateway Edinburgh. The award-winning company, whose clients include Lochcarron of Scotland, The W

Edinburgh has been named as one of the leading cities for rising luxury house prices in the Knight Frank Prime Global Cities Index.

Jings, crivvens and help ma boab! A very special, starry guest has taken up residence at Johnston Carmichael’s Dundee office. The constellation-themed sculpture, Oorius Wullius in the Night Sky, has been recently installed at the independent accountancy and business advisory firm’s premi

Audit, tax and consulting firm RSM has found that a quarter of middle-market firms don’t have a formal process in place to handle whistleblowing. This compares to 33% surveyed over two years ago, highlighting a rate of progress that RSM believes is too slow.

The Scottish Aquaculture Innovation Centre (SAIC) has received a £10 million five-year funding package from the Scottish Funding Council, Scottish Enterprise and Highlands and Islands Enterprise (HIE).

Perth-based company Keepsafe has made a £1.5 million investment into its new Dunfermline site. Keepsafe Storage Centres has opened new premises at Pitreavie Business Park to help manage the increasing demand for storage solutions in the area.

Cryptoassets should be treated in principle as property under English law, lawyers have recommended.

Banks have been unable to reach a consensus on how to fund the reimbursement of customers who have lost money to bank transfer scams, meaning future victims could be unprotected.

Farmers in Pakistan have hired security to protect their tomatoes as the price for the fruit drastically rises.

Willie Watt has been appointed as the first chair of the board of the Scottish National Investment Bank. Willie Watt was CEO of Martin Currie, an international public equities investment firm based in Edinburgh, between 2001 and February of 2019, and will step down as chairman of the firm in Decembe

Moody's Investors Service has downgraded Aberdeen City Council's credit outlook from 'stable' to 'negative', though the local authority's credit rating has been retained.

Caldive Ltd has used £7.5 million in funding from Clydesdale Bank, alongside its own capital, to acquire a 33-metre renewable services workboat which will significantly boost the company’s capacity to service clients in the renewable energy sector. Caldive Ltd is one of Scotland's larges

Ayrshire Housing has received a £3 million Scottish charitable bond from Allia C&C. The loan supports Ayrshire Housing’s latest project in Ayr which is just getting underway. The 27 flat project includes housing for clients of the South Ayrshire Health and Social Care Partnership wit