News

Shares in Lloyds Banking Group came under pressure yesterday after it revealed charges and Brexit held back growth in first-quarter bottom-line profits. Bank of Scotland’s owner reported flat statutory pre-tax profits at £1.6bn as it revealed a further £100 million charge for payme

Governor of the Bank of England Mark Carney has warned that interest rate increases could be "more frequent" than expected if the economy picks up following a resolution of the current political impasse. Economic growth has been subdued since the UK voted in June 2016 to leave the EU and markets are

Aberdeen-based transport giant FirstGroup has named its new chief financial officer as Ryan Mangold, a former finance director at housebuilder Taylor Wimpey. Mr Mangold will join the First Group on May 31, filling the position vacated last year by Matthew Gregory, took over the chief executive&rsquo

iMultiply, the finance and executive search specialists with bases in Edinburgh, Glasgow and Belfast, has posted record year-end profits. The recruitment company credit a 44 per cent increase in turnover, prestigious clients including DC Thomson, Innis and Gunn, Visit Scotland, Money Dashboard and E

There is now a new, home-made addition to the rapidly growing trend of wearable fintech after it emerged online that someone has dissolved their credit card and put the RFID chip in a ring to go on their finger.

Legal action has been commenced against Clydesdale Bank plc(Clydesdale) and its former owner National Australia Bank Limited (NAB) for conduct in relation to its Tailored Business Loans (TBLs). RGL Management Ltd's (RGL) claim group consists of almost 2,000 claimants from England

Henderson Loggie have been appointed as liquidators to SGM Distribution which has ceased trading with the loss of 16 jobs. The courier business, which has depots in Letham and Aberdeen and a fleet of 47 delivery vehicles, has been experiencing increasingly difficult trading conditions since expandin

One in ten smaller businesses in Scotland is led by an immigrant entrepreneur and these firms contribute more than £13 billion to the Scottish economy and provide 107,000 jobs, according to a ground-breaking report. The Federation of Small Businesses (FSB) commissioned the Hunter Centre at the

The first three months of this year saw house prices in Aberdeen (city and suburbs) drop by 4.3 per cent from the final quarter of last year, according to latest data published in a new report from Aberdeen Solicitors’ Property Centre.

Scottish law firm Brodies has unveils six new partners as a result of its latest round of promotions, and reports 6 per cent growth in people in the last 12 months. Aberdeen-based Leigh Gould, Rhona McFarlane and Fiona Herrell step up to partner in their respective areas of personal and family, corp

A Fife engineering firm has safeguarded its future by moving into employee ownership. EQ Chartered Accountants LLP has supported Ladybank-based G S Brown Limited into an Employee Ownership Trust structure.

Aberdeen continues to lead the way as the city with the highest rate of innovative businesses across Scotland’s 32 local authority areas. A total of 250 Aberdeen companies (2.6 per cent of all enterprises in city), including SMEs and large businesses, claimed for R&D tax relief in the late

The Bank of England has today announced that interest rates are to remain at 0.75 per cent where they have been since the Bank of England last raised them by a quarter of a percentage point last August. At the moment, the Bank said it is expecting just one rise in interest rates by 2021.

Young workers are unaware of the rights they hold within their workplaces, new research from UIA Mutual Insurance has found.

A new report has revealed that online retail giant Amazon uses a stringent set of metrics built into its vast dispatch hubs to not only track the performance of workers in the warehouses but to automatically fire them if they fail to meet certain standards.