News

TSB suffered a loss of £105.4 million before tax in 2018, down from a profit of £162.7 million the year before, as it faced the impact of disruption to its IT systems last year. The bank's financial performance was "heavily impacted by the IT migration and subsequent service disruption",

Standard Life Aberdeen has bought back shares worth £238 million from Goldman Sachs as part of its £1.75 billion buy-back programme. A total of 939,492 ordinary shares were bought from Goldman Sachs at an average price of £2.52p, insider.co.uk reports.

Insurance law specialists DAC Beachcroft Scotland, which has offices in Edinburgh and Glasgow, has reported strong growth over 2018 as a result of five new panel appointments and securing additional work from existing clients. With more pipeline work and tender outcomes awaited, and with additional

Overall business confidence picked up slightly at the start of the year, increasing 2 points to 19 per cent, according to the latest Business Barometer from Lloyds Bank Commercial Banking. Despite this improvement, the figure remains among the lowest seen in the last 12 months and is well below the

Finance Secretary Derek Mackay has reached an agreement with the Scottish Green Party to support the Scottish Budget at all parliamentary stages. In letters exchanged today, Mr Mackay outlined a package of reforms to local government as Green co-convener Patrick Harvie said the deal was the res

The Institute for Chartered Accountants in Scotland (ICAS) has announced a new partnership with healthcare provider Bupa on private health insurance for members.This new partnership aims to provide discounted health insurance for ICAS members, giving members fast access to the help they need, when

A year on from the introduction of MiFID II, it appears that the burden of complying with the regulation is putting pressure on small broking firms, writes Emma MacArthur, Assistant Manager at accountants Scott Moncrieff  

A Chinese company which previously paid bond investors in ham instead of cash is now running out of pigs.

More than a third of shareholders have cast votes against executive pay plans at Clydesdale Bank and Yorkshire Bank owner CYBG in a major investor backlash this week. The group recently revealed it swung to full-year losses of £164m after an extra £150m charge linked to the mis-selling o

Maven Capital Partners, one of the UK’s most active private equity houses, has promoted Colin Anderson and Andrew Whiteley from Maven’s specialist property investment team to partnership positions. The firm said the strengthening of its partnership base reflects its continued commit

Spanish-owned banking giant Santander UK, which this month announced that it is to close 140 of its British branches, has announced plans to compensate mistreated credit card customers to the tune of £58 million.

Lower income households are at least half as likely to invest as those in higher managerial positions, raising fears of a growing wealth gap, research from Scottish Friendly reveals.

International law firm Dentons has reported its “strongest ever set of financial results” in the UK and Middle East on the back of its merger with Scottish law firm Maclay Murray & Spens. The latest Dentons UK and Middle East LLP consolidated accounts for the financial

Construction work on more than 300 build-to-rent apartments in Glasgow city centre is set to start by the end of this year after Legal & General exchanged contracts on the project. The pensions and investment firm will forward fund Drum Property Group to deliver 324 apartment

With a significant portion of attention focused on the potential problems which UK companies will face in the event of a hard-Brexit, it is important to note that these changes are not just a British problem, writes Jeremy Glen, Partner at BTO Solicitors.  In fact, many EU compan