News

TSB has announced that it will close 73 branches in Scotland as customers increasingly turn to online banking.  The bank has said the branches selected for closure have been chosen carefully to ensure 94% of TSB customers in Scotland remain within 20 minutes travel time of a branch.

Businesses in Scotland face a 'lengthy journey to recovery' despite an increase in confidence over the last month, according to Bank of Scotland's latest business barometer.  The barometer found that firms in Scotland were the second most pessimistic of all UK nations and English regions d

The Scottish Chambers of Commerce (SCC) has entered a new partnership with foreign exchange firm moneycorp. The partnership will provide members of the Scottish Chamber Network with the opportunity to manage currency risks and benefit from competitive foreign exchange rates, in addition to free

The coronavirus pandemic is accelerating the shifting of the CFO role, according to a new report by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).  The CEO of the Future report, with data from global surveys and virtual rou

Sam Britten, a former chef who moved to Orkney, is expanding his vinegar-making business as demand for his products soar across the UK. Mr Britten started Orkney Craft Vinegar Limited in a garage in the village of Orphir in 2017. The award-winning firm has grown rapidly after becoming a favourite wi

Scotland’s largest independent industrial supply group, Highland Industrial Supplies, is set for future success despite COVID-19 disruption, thanks to a seven-figure funding package from Bank of Scotland. Highland Industrial Supplies, provider of tools, equipment, materials and PPE for th

Technology-driven professional services group Aberdeins is being launched in Scotland with more than £1 million of initial backing. Aberdeins will bring a host of tech developments and innovations to change delivery of legal and other professional services, to better support private clients, l

Annual house price growth in the UK picked up to 5.0% in September, marking the highest rate in four years, according to Nationwide's latest house price index.

Financial services company Embark Group is sponsoring a new e-bike rental scheme launching in Dundee.

The Financial Conduct Authority (FCA) has told firms to implement sustainable repayment arrangements for consumer credit and overdraft customers who are facing financial difficulty due to the coronavirus pandemic.  The call comes as the financial watchdog confirmed measures to ensure firms

Candleriggs Development 2 Limited, the joint venture between Drum Property Group and Stamford Property Investments, has agreed an £81.5 million deal with Legal & General to deliver a major 346-apartment Build-to-Rent (BTR) scheme at Candleriggs Square in Glasgow.  The deal marks the n

A network to ensure that consumer protection is at the core of Scotland’s economic recovery has been established by the Scottish Government. Stakeholders from organisations including Advice Direct Scotland, Trading Standards, Citizens Advice Scotland and the Scottish Government will work toget

The Department for International Trade (DIT) has launched a dedicated hub to provide Scottish businesses with trade support.

Scotland’s health and social care sector will receive £1.1 billion in additional funding to support its work through coronavirus pressures, health secretary Jeane Freeman has announced. The funding will be allocated to NHS Boards and Health and Social Care Partnerships across Scotland to

A businessman who was refused a £10,000 loan when he was a young entrepreneur, has bought the bank which turned him down.  Adam Deering, was told he was 'too young and inexperienced' to qualify for the loan when he was 22 years old. Now, aged 39, he has built up a successful debt man