News

Controversial payday lender Wonga has reported a pre-tax loss for last year of £37.3m. The news comes amid a major overhaul of the controversial company a major customer compensation scheme.

Douglas Flint HSBC, the UK’s biggest bank, is considering moving its headquarters overseas to avoid the effects of changes to UK banking regulations, according to its Scottish-born chairman.

Elliott Advisors has taken up its turn to respond in the saga running up to next week’s Alliance Trust annual meeting when it hopes to install a trio of new board members at the Dundee-based investor. The latest twist in the long-running spat saw the US hedge fund reveal that it rejected a bid fro

Margaret Gibson The chief executive of Women's Enterprise Scotland has become the first Scottish woman to win the Queen's Award for Enterprise Promotion after being recognised for spending more than 20 years mentoring young people across Scotland.

Scottish salmon has become the most exported British food after raking in £500million in overseas sales for the first time last year. Figures released by industry body the Scottish Salmon Producers’ Organisation (SSPO) yesterday showed the total value of exports of the fish jumped by 11 per cent,

Blair Nimmo New corporate insolvency statistics have revealed a positive start to the year for Scottish businesses, according to the latest quarterly insolvency figures from professional services firm KPMG.

Glasgow-based development lender Development Finance Ltd has released its new Permitted Development Loans product which takes clients through the lending and development process. Following the permitted development rights which came into effect in April last year, Development Finance Ltd has launche

Ian Sayers The annual aggregate dividends paid out over the past year by Venture Capital Trusts reached its highest level in the 20 year history of the vehicles.

A former director of a Scottish Championship football team who loaned more than £200,000 to the club has failed in a legal action to recover the money. The pursuer Gerard Nixon, who was a director of the defender Livingston Football Club (LFC) between 2009 and 2013, sought decree of payment of a to

HSBC has unveiled a new five year deal with a record low rate of under 2 per cent. The move is evidence of the increasingly intense competition between mortgage lenders.

Paul Polman As the beleaguered board of Alliance Trust heads into the final straight leading up to next week's AGM, fresh support has been offered from both shareholders and prominent observers.

New research by PwC has revealed that healthcare and tax efficient savings such as share schemes and pensions are among the most popular flexible work place benefits with Scottish workers. According to the the ‘big four’ accountant, businesses could make savings and boost productivity by revampi

New data released today by business rescue and recovery specialist Begbies Traynor has shown a static level of the most common indicators of business distress in Scotland and across the rest of the UK. Scotland’s firms showed 12,041 instances of ‘significant’ financial distress, the signals th

Aileen Scott The UK is inhibiting its economy with a tax burden 18 per cent heavier than the global average, and should consider setting a specific target for overall tax take, according to Scottish accountancy firm Campbell Dallas.

Ramsay Duff Glasgow-based investors Maven Capital Partners has announced the purchase of a prominent office building in Glasgow city centre for redevelopment as student accommodation.