News

Life and insurance giant Prudential, which employs more than 2,000 workers at its site near Stirling, has reported a 6 per cent rise in annual operating profit before tax that beat market forecasts, led by growth in its Asian division. The insurance and pension giant, which is in the process of

The Borderlands Partnership, the organisation established to "unlock the potential for sustainable and inclusive economic growth across the South of Scotland and North of England", has welcomed the commitment announced in the Spring Statement outlining a £345 million deal from the UK

Prolonged Brexit uncertainty will likely further damage the Scottish housing market, according to RICS UK Residential Market Survey, following Theresa May’s Brexit deal being thrown out of Parliament on Tuesday. The latest results from the February survey show a continued decline in activity a

Diana Gabaldon, the American author of the Outlander series of books is to be honoured at the Scottish tourism ‘Oscars’ tonight as a new VisitScotland research paper reveals the extent of the effect her creation has had on Scottish tourism. The American writer will receive a special &ldq

Standard Life Aberdeen has bowed to calls to revise the co-chief executive structure that has been in place since the mega merger that formed the company two years ago. Keith Skeoch, who entered the merger as heaad of Standard Life, will now take on the solo role of running SLA while Martin Gilbert,

Frank Field, chairman of the Work and Pensions Select Committee has said that The Pensions Regulator's decision to end its anti-avoidance investigation into the closure of the Johnston Press Pension Scheme is “beyond baffling”. Responding to TPR’s decision, whic

Dina Devalia and James Sleight of PKF Geoffrey Martin & Co have been appointed as joint administrators of Glasgow-based Greater Milton and Possilpark Credit Union which has collapsed. The Financial Services Compensation Scheme (“FSCS”) has also declared the credit union in defau

Blair Nimmo and Geoff Jacobs of KPMG and joint administrators of stricken Dundee-based contractors McGill & Co Limited, have concluded a sale of the business and certain assets to Catalus Energy Investments Ltd. Messrs Nimmo and Jacobs were appointed as Joint Administrators of McGill &

A bank employee who stole more than £50,000 from customers’ accounts has had his sentence reduced following an appeal. Rameez Hamid, who was sentenced to the three years’ imprisonment after pleading guilty to embezzling some £51,000, argued that the custodial term was “

Plans to create a dedicated ‘digital quarter’ next to Edinburgh Airport are set to progress after the proposals were unveiled at international property fair MIPIM. The ‘Crosswind’ project could see the airport’s disused second runway transformed with offices a

With ISA season well underway, Edinburgh-based LendingCrowd has revealed that transfers to its fintech lending platform are more likely to come from Cash ISAs than any other type of tax-free account. LendingCrowd, which launched in late 2014 and has facilitated over 610 loans to SMEs, was one o

The cost of rent in Edinburgh is on the rise while demand drops in Aberdeen, according to the latest housing report by global mobility experts, ECA International (ECA).

The Financial Conduct Authority (FCA) has fined Carphone Warehouse more than £21.1 million for failings that led to the mis-selling of “Geek Squad”, a mobile phone insurance and technical support product. This follows an FCA investigation which stemmed from whis

Neil Mitchinson, director of Edinburgh Asset Finance, says his firm has identified a gap within a saturated market The amount of personal debt in the UK is truly staggering and there is little sign that the nation’s insatiable appetite for borrowing – be it for the staples of life o

Four industry experts have been appointed to an advisory group established to help grow Scotland’s exports.