News

Shares in Glasgow-based Clydesdale Bank owner CYBG Plc surged 14 per cent today after the lender lifted its forecast for margin growth and reported a rise in lending in a tight UK mortgage market. The 1.4 per cent increase in total loans to to £71.9bn in October-December, the first quarter of

The number of restaurants in Scotland going bust last year increased by 86.3 per cent, according to new analysis of the sector by accountants and business advisers French Duncan LLP. The firm has analysed official Insolvency Service statistics and found that annual restaurant failures increased from

Defying the uncertainties of Brexit, Alison Gilson, partner and head of the corporate team at Shoosmiths in Edinburgh has described transactions by her department throughout the period late November 2018 – January 2019 as “exceptionally busy".  The most recent of eight corporate com

The latest Fintech M&A Market Report from international technology mergers and acquisitions advisor, Hampleton Partners, has revealed that 2018 witnessed the highest level of global investment in fintech start-ups on record, with a total disclosed transaction value of $30.8 billion.

The UK’s oilfield services (OFS) sector experienced another challenging year in 2017, with turnover for OFS companies declining by 9 per cent and EBITDA margin falling by 2.2 percentage points – the largest fall in margin since the sector downturn in 2014 – according to EY’s

The Association of British Insurers (ABI) has today launched a beta version of an online calculator, which works out consumers’ likely financial entitlements if they are unable to work due to illness or injury. ‘Percy The Protection Calculator’, which is still in development, is a

Glenrothes-based accountants Eden Fyfe have boosted their team with two new recruits, Ruth Boyd and Sheree Chalmers. Ruth Boyd has joined as business support manager.

Brian Milne and Eileen Blackburn of accountants and business advisers French Duncan LLP have secured the sale of Port Glasgow-based Moelle Interlok Packaging Limited a day after being appointed joint administrators. The business and assets have been sold to McLaren Packaging and all 62 emp

Scottish companies raised £100m in venture capital investment in 2018, with almost half (£47m) raised by healthcare companies, according to the latest Venture Pulse report, a quarterly analysis of global investment trends published by KPMG. The report shows that across the UK, despite on

Edinburgh-based Tesco Bank has announced the appointment of Sandy Begbie as chief transformation officer. The bank said Mr Begbie, who joins from Standard Life Aberdeen, will be a member of the Tesco Bank Executive Committee, reporting to chief executive Gerry Mallon.

Latest industry data for January has indicated a renewed loss of momentum for the UK service sector amid Brexit uncertainty, with a decline in incoming new work reported for the first time since July 2016.

The total value of decrees against businesses rose in 2018 compared to the previous year, but the total value of decrees against companies - the generally larger incorporated businesses - dropped to the lowest annual figure on record, according to figures released today by Registry Trust. There were

Over half (59 per cent) of Scottish manufacturers remain optimistic about the future growth of their businesses but acknowledge that there are a number of challenges that lie ahead. The results of the latest manufacturing and engineering survey conducted by Henderson Loggie, in conjunction with MHA

A health check of Scottish businesses has revealed promising results for companies in Paisley and Perth, which managed to outperform other cities including Glasgow and Aberdeen on a number of measures of financial performance. While not surprisingly, the rankings showcased the dominance of Edinburgh

BT Group is responsible for generating £1 in every £110 produced in the Scottish economy, according to an independent report published today.