News

Nationwide Building Society has reported that its annual profits have slumped by almost a fifth after taking a £227 million hit on its technology assets and ramping up spending on IT. The UK's largest mutual reported a 19 per cent drop in underlying pre-tax profits to £788 million f

Glasgow-based accountancy firm Wylie & Bisset has told landlords that selling up is not the only option available to them as new HM Revenue & Customs figures reveal landlords of UK buy-to-let property have reacted to the government squeezing their returns by selling assets. HMRC has rev

Almost £70 million has been invested in housing projects through the Building Scotland Fund (BSF) since its launch last year.

The Scotch Whisky industry will couple future global growth with action to ensure the environmental sustainability of the industry, delegates at the Scotch Whisky Association (SWA) conference heard today. The annual gathering in Edinburgh heard speeches from SWA chief executive Karen

More than 34,500 independent high street shops opened for business in the UK last year, up 4.5 per cent on 2017, new research commissioned by Visa has revealed.

Scottish Legal News, the sister publication of Scottish Financial News, has celebrated its 11th anniversary by breaking through the 12,500 subscriber barrier to reach 12,521 readers. Unique users on www.scottishlegal.com now average almost 44,000 each month and Twitter followers have

Three schoolchildren who sued a shop for defamation after being accused of stealing and opening a packet of biscuits have won their case. The children, cousins, claimed a member of staff had loudly accused them of stealing a multipack of Kinder Happy Hippo biscuits from an Iceland in Finglas, Dublin

Scottish fintech lending platform LendingCrowd has brought together the government-backed Scottish Investment Bank (SIB) – the investment arm of Scottish Enterprise – and Dutch entrepreneurial bank NIBC to form a new funding deal to provide funding for small and medium-sized bu

Edinburgh-headquartered residential development and urban regeneration specialist Sigma Capital Group has announced that its wholly-owned subsidiary, Sigma PRS Management Limited, has secured a further £200m of debt facilities from Scottish Widows and Lloyds Bank. The facil

Middle market private equity investment volumes in Scotland remained steady in the first quarter of 2019, in spite of ongoing Brexit uncertainty, according to new analysis by professional services firm KPMG. The KPMG study of UK transactions involving private equity investors indicates deal vol

Leading shareholders in Amazon, such as Edinburgh-based Baillie Gifford and Aberdeen Standard Investments, have been called upon by trade unions to use their influence in order to fight for better working conditions for the online retail giant’s employees. According to reports, Baillie Gifford

Edinburgh-based Tesco Bank is “actively exploring” options to sell its £3.7bn mortgage portfolio after announcing that it is pulling out of the intensely competitive British homebuyers market. Tesco Bank said today that it has decided to cease making new home loans, with chief exec

The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms after releasing data which shows victims lost over £27 million in 2018/19 to the cons. The City regulator's warning comes as sca

A well-known retail park in East Kilbride has changed hands for £12.25 million, representing a net initial yield of 10.49 per cent.

Around 50 per cent of traffic has shifted from Aberdeen city onto the new Aberdeen Western Peripheral Route since it fully opened in February – easing congestion and improving air quality in the north east and paving the way for an extra £6 billion in economic benefits and the creation o