News

Lloyds Banking Group has reported a sharp drop in profits to £4.4 billion before tax, down from nearly £6 billion in 2018.

RBS has announced the appointment of Nigel Prideaux as its new group director of communications and corporate affairs.

Edinburgh-based fintech company Paysend has launched a fee-free mobile money account with multi-currency wallet and new payment features. The Global Account aims to help consumers save up to £2 billion in currency conversions when spending money abroad or on overseas websites.

Management consultancy company Carrick Management has opened an office in Dundee to service growing demand within the North East.

New figures on retail sales "offer a glimmer of hope" but it is still unclear if consumer confidence is recovering, Barclays has said.

Scottish accountancy and business advisory firm Johnston Carmichael is backing a major new UK accelerator programme for brewery start-ups. The event is part of BrewLDN, a new beer festival taking place at The Old Truman Brewery in London next week.

Leeds-based private equity firm Endless has acquired Scottish timber company BSW Timber for an undisclosed sum after more than 170 years of family ownership.

A new polymer £20 note featuring artist JMW Turner has entered circulation for the first time, the Bank of England has announced.

A major review of how companies and auditors assess and report on the impact of climate change has been announced by the Financial Reporting Council (FRC). The watchdog will review the extent to which UK companies and auditors are responding to the impact of climate change on their business to ensur

Cumbernauld’s local economy is enjoying a significant economic boost from the completion of a £20 million retail development by Glasgow-based property development company London & Scottish Investments.

A collection of ancient marble statues controversially held by the British Museum may have to be given back to Greece as part of a Brexit trade deal.

Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint administrators of Scottish mobile crane hire company Whyte Crane Hire. All 11 jobs have been lost at the company, which operated from two leased premises in Aberdeen and Grangemouth. 

Plan to build and operate a satellite launch site in Shetland has been given a £2 million boost from private equity firm Leonne International.

Scottish-based cashless online group collections company GiftRound has launched a £75,000 crowdfunding round to scale up and help disrupt the way people ‘group collect’ for gifts.

Scotland’s prime cities have been named among the most active areas for UK hotel investment last year thanks in part to the growing prominence of ground leases, new analysis has revealed. Areas beyond the main tourist hubs were buoyed by the sale of the Fairmont St Andrews