News

Ian Campbell, director and chartered financial planner at AAB Wealth, discusses the future of pensions. The only function of economic forecasting is to make astrology look respectable.” At AAB Wealth we agree with this view by the American economist, John Kenneth Galbraith, particularly in lig

Glasgow-based investment business Nevis Capital has said it is keen to invest in more businesses despite the economic uncertainty caused by COVID-19. The firm, which was founded by John and James Pirrie, said the uncertainty caused by COVID-19 and Brexit made 2020 an especially difficult year t

In the final quarter of 2020, angel syndicate members of LINC Scotland, the national business angel association, invested more than double the amount posted in quarter three. This brought total investment by the syndicates for the year to £25.0 million, just a little short of the £26.9 m

Joanne Gillies, partner and insolvency disputes specialist at Pinsent Masons, discusses the impact of a ruling by the Court of Session allowing banks to claim debtors' PPI cash payouts.  Banks will be able to reduce the amount of compensation paid to customers who claimed they were mis-sold pay

Wealth management business St James's Place has reported a record level of funds under management in the final quarter of last year despite lower net inflows. In an update on the three months to December 31, St James's Place said its closing funds under management increased by 11% to a record &

Speyside Distillers have revealed plans for a new single malt whisky distillery as part of its plans for expansion.

Wall Street clearing houses will be able to provide central clearing services in the EU following a decision which financial experts are calling a blow to the City of London. The European Commission has adopted an equivalence decision determining that the United States Securities and Exchange Commis

The Financial Conduct Authority (FCA) has asked banks and lenders to reconsider branch closures during the current coronavirus crisis. The watchdog has said banks should consider the impact of bank closures on customers and said that where they are unable to meet the expectations of its Principles F

Record low numbers of Scottish farms being offered for sale helped to buoy the land market last year, according to new analysis from land agency Strutt & Parker.

Lloyds Banking Group, which owns Halifax and Bank of Scotland, has introduced new home-mover house purchase mortgages for borrowers with deposits as low as 10%. The deals will expand the banks’ low deposit offering beyond only first-time buyers, to existing homeowners looking to move.

Eight luxury homes costing at least £1 million have been brought to the marked by Cala Homes in Edinburgh.

The Scottish Hospitality Group (SHG) has welcomed the news of a three-month rates relief extension and a reduction in the poundage to 49p, announced in the Scottish Government budget, although it has warned the financial aid for the hospitality industry doesn’t go far enough to suppo

In the fourth quarter of 2020, the Scottish vacancy rate increased to 14.4%, from 14.0% in Q3, meaning one in seven Scottish shops are closed.

Business confidence in Scotland fell 23 points during January to -32%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

Regional development agency Highlands and Islands Enterprise (HIE) has approved investment of up to £8.3 million in Scottish Government funding for an £18.9m project to develop the East Quay at Port of Nigg in Easter Ross. The project will help the Highlands and Islands economy benefit m