News

Mortgage arrears in Aberdeen are running at double the UK average rate and triple what they were in 2012, according to credit rating agency Moody’s. The firm said plummeting oil prices and contagion from rising unemployment in Aberdeenshire has spread to the housing market.

Sir Gerry Grimstone The Spring of shareholder discontent continued yesterday after more than a fifth of Standard Life shareholders voted against the company’s remuneration report at its annual meeting in London.

Unemployment in Scotland has risen for the third consecutive quarter, according to official figures. Latest figures released today by the Office for National Statistics showed that the jobless total went up by 8,000 between January and March to stand at 169,000.

The Treasury has announced that it has received a further dividend of £130m from its Lloyds Banking Group shares. The news means the amount the government has now received £318m in dividends from the bank it bailed out at the height of the financial crisis at a cost of £20.5 billion.

The number of house sales across Scotland has increased by more than a fifth in a month as landlords rushed to buy up property ahead of changes to the Land and Buildings Transaction Tax (LBTT). The House Price Index for Scotland by Your Move/Acadata found home sales rose by 21 per cent between Febru

David Lonsdale Scotland’s clothing and footwear retailers saw sales fall to their lowest rate in eight years last month as total sales across all categories dropped by 3.2 per cent year-on-year, according to latest industry data.

Average house prices across the UK have increased 5.1 times faster than average weekly earnings over the last five years, new figures have revealed.

The City of Edinburgh Council has agreed to a 10-year concession contract with intechnologyWiFi to bring free WiFi coverage and improved mobile coverage to Edinburgh city centre, which the authority says will provide residents and visitors with access to free, high-speed internet connectivity, 24/7.

Oil prices continued to surge today, reaching a six-month high, as BP doubled its stake in one North Sea field and the boss of one the world’s largest oil companies declared UK oil and gas production does have a future. Patrick Pouyanne, chief executive of Total said "There is a future for the Nor

Independent SME funder, Bibby Financial Services has appointed Scottish Chartered Accountant Mary Sharp as commercial director – north and Joanna Cashmore as head of sales for Scotland as it looks to significantly grow its business north of the border. UK Commercial Director, Edward Winterton said

UK home-owners borrowed £13.8 billion for house purchases in March, up 59 per cent month-on-month and 60 per cent year-on-year, according to latest data from the Council of Mortgage Lenders. Borrowers took out 69,800 loans, up 45 per cent on February and 38 per cent on March 2015.

Plans for Sir David Murray's £1 billion, 1,350-home development on green belt land on the edge of Edinburgh have been given the green light by councillors.

Phil Anderson Financial Services Ltd is to sponsor Buchan Bowling Association this year and has donated over £1,000 to the North-East side.

Neil Amnar Glasgow Chamber of Commerce has announced a formal cooperation agreement with its counterpart in Manhattan in New York City in a move that the chamber has hinted may not be the last of its type.

The Competition and Markets Authority (CMA) is to force banks to cap overdraft fees as part of a package of measures set out by the watchdog which it says will save customers £1bn over five years. The CMA today set out its proposals to “reform retail banking, to improve competition and get a bett