News

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

The Royal Bank of Scotland has announced the launch of Tyl, a new, innovative payments service designed to make it easier for small business customers across the country to receive payments and manage cash flow during the coronavirus pandemic and beyond.

Simon Capaldi, office agency partner at Knight Frank, discusses how the coronavirus pandemic will accelerate changes to office-based working. Social distancing has turned our lives upside down and at short notice businesses adapted to remote working, moving office life into the home.

Women’s Enterprise Scotland (WES), with support from the Royal Bank of Scotland, has launched a new digital platform designed to support women at the pre-start-up and start-up stage of their business journey. Supported by RBS Back Her Business, the digital Women’s Business Centre, which

Elevate Credit International Limited (ECIL), a payday lender which sold loans under the Sunny brand, has gone into administration in the UK with Ed Boyle and David Pike of KPMG appointed as administrators of the firm. The lender has blamed its financial difficulties on the coronavirus pandemic, as w