News

Edinburgh-based fintech lending platform LendingCrowd has been approved for accreditation by the British Business Bank as a new lender under the Coronavirus Business Interruption Loan Scheme (CBILS). This means LendingCrowd will be able to distribute UK government-backed loans to SMEs impacted by th

Glasgow-based financial services firm XFS Limited has appointed Margo Kidd as its new chief operations officer. Ms Kidd has over 15 years of senior management experience, including a decade of strategic development and plan execution on a UK basis. She also has 32 years experience in collections.

Paul Dounis and Matthew Haw of RSM Restructuring Advisory LLP, the joint administrators of Jablite Limited and Styropack (UK) Limited have saved 155 jobs in Aberdeen after completing a prepack sale of the business and assets of both companies.  Mr Dounis and Mr Haw were appointed join

Stirling-based Symbiosis Pharmaceutical Services has secured a £1 million funding package from Allied Irish Bank (GB) to support its 2020 growth strategy.  Allied Irish Bank (GB) will provide £1 million of debt funding to enable physical, operational and commercial development of th

The Housing Finance Corporation (THFC) has priced a £4.5 million cut of its 25-year Funding No.3 bond at a record-low fixed rate of 1.998%, with funds to be on-lent to New Gorbals Housing Association. With a spread over Gilts of 1.41%, the issue was from so-called ‘retained bonds’

Smart Metering Systems (SMS), the Glasgow-based energy tech firm, is returning its furlough cash received from the UK Government. The company had suspended its smart meter installation activities on 22 March 2020 as a result of the developing coronavirus situation. Due to significant uncertainties a

The Competition and Markets Authority (CMA) has found that a private hospital group and seven consultant ophthalmologists broke competition law by taking part in illegal price-fixing. Following an investigation by the CMA, Spire Healthcare Limited and Spire Healthcare Group plc has admitted tha

Brexit had little effect on UK Mergers and Acquisitions (M&A) in the UK after the 2016 vote, according to a report published by Rooney Nimmo and investment company 24Haymarket.

The Financial Conduct Authority (FCA) has confirmed that payments on credit card, personal loans and other revolving credit products will remain frozen for a further three months for those who are still experiencing temporary payment difficulties due to coronavirus.

The British Chambers of Commerce (BCC) has called for “swift, substantial and immediate action” to bolster the economy, as its Quarterly Economic Survey (QES) found that UK economic conditions deteriorated at an unprecedented rate in the second quarter of 2020.

A German man has accidentally purchased 27 Teslas when trying to buy a new car.

Standard Life Aberdeen (SLA) has appointed Stephen Bird as its new chief executive as Keith Skeoch announced he will stand down from the role later this year. Mr Bird has an established track record of delivering exceptional value to clients and customers, creating high-quality revenue and earnings

Angus-based independent financial advisers Ferguson Oliver has today been fully rebranded as Chase de Vere. Ferguson Oliver was founded by Mike Ferguson in 1989, and he was subsequently joined by his twin brother Ken, with the two of them being the joint owners.

Bibby Financial Services (BFS) has provided Dumfries-based Currie European Transport Ltd with a £9 million funding package to support the re-finance of the transport and storage solutions group. 

Business confidence in Scotland fell by a further eight points during June to -41%, marking the lowest level of confidence across all UK regions and nations, according to the latest Business Barometer from of Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in the