News



Holyrood provides £6m for Tullis Russell support taskforce

The Scottish Government has announced an initial £6 million of financial support for economic growth in Fife following the announcement on Monday of hundreds of job losses at paper-maker Tullis Russell.

Published 29 April 2015

'Strong inflows' see Standard Life assets up 5 per cent in Q1

Edinburgh-based insurance giant Standard Life's has reported a 5 per cent increase in assets under administration (AUA).

Published 29 April 2015

Scottish Friendly funds under management break £1bn barrier ahead of M&GM takeover

Glasgow-based mutual Scottish Friendly has seen funds under management hit £1 billion for the first time, after an 8 per cent rise last year.

Published 29 April 2015

Business Briefs - April 28

The first three months of 2015 saw the rate of economic growth half to 0.3 per cent, according to latest official figures.

Published 28 April 2015

Sin Bin: Businessman to pay £240k over VAT fraud

A 42-year old Scottish businessman who ran a multi-million pound VAT fraud scheme out of his Dundee bedroom has been ordered to pay £240,000 to prosecutors.

Published 28 April 2015

RBS replaces Williams & Glyn chief with Ulster boss Brown

Royal Bank of Scotland has announced that John Maltby will step down from his role as chief executive at Williams & Glyn, the challenger bank that RBS was forced to create as a result of rules relating to its Government bail-out at the height of the financial crisis.

Published 28 April 2015

Glasgow Credit Union makes £10m pledge to first-time buyers

Glasgow Credit Union has pledged to make £10 million available to help first time buyers onto the property ladder this year from as little as £1000 deposit.

Published 28 April 2015

Surge in real estate investment as demand hits fastest pace since 1998 -RICS

Demand for commercial property in the UK is growing close to its fastest pace since 1998 and, along with a surge in investment, reflects the widening economic recovery, according to the latest RICS Commercial Market Survey.

Published 28 April 2015

RBS and Lloyds among UK banks still facing £19bn misconduct bill – S&P

The next two years could see Britain’s biggest banks hit with up to another £19 billion of charges relating to past misconduct, according to Standard & Poor’s (S&P).

Published 28 April 2015

Standard Life to transfer £32m Savings Investment Trust to Alliance Trust Savings

Alliance Trust Savings and Standard Life have signed an agreement to transfer the £32 million Standard Life Savings Investment Trust ISA and Savings Scheme to the appropriate ISA and Investment Dealing Accounts provided by ATS.

Published 28 April 2015

Scottish house prices up 13.3 per cent - Registers of Scotland

House prices in Scotland rose 13.3 per cent in the fourth quarter of 2014-15 compared to the same period in the previous year, according to official statistics published today by Registers of Scotland (RoS).

Published 28 April 2015

Alliance Trust and Elliott reach agreement at eleventh hour

After weeks of claim and counter-claim, in what had become an increasingly hostile stand-off, the board of Alliance Trust has today sensationally announced an agreement with activist shareholder Elliott Advisors.

Published 28 April 2015

KPMG take over at Fife papermill as 325 jobs go

Tullis Russell the 70 per cent employee-owned Fife papermill which has a history stretching back more than 200 years has gone in into administration with the immediate loss of 325 jobs.

Published 27 April 2015

Business Briefs - April 27

The price of oil is holding steady at a four and a half month high driven up by concerns over disruption to supplies from the Middle East.

Published 27 April 2015

RBS off-loads more loans to Mizuho Bank

State-backed Royal Bank of Scotland has agreed to sell another tranche of North American loans to Mizuho Bank.

Published 27 April 2015