News

The future of Penman MW Limited has been secured administrators from KPMG secured the sale of the trading business to commercial vehicle builder, Martin Williams (Hull) Limited. Blair Nimmo and James Lumb, from KPMG’s restructuring practice, were appointed joint administrators of Penman M

In a speech delivered by today to Royal Bank of Scotland customers, colleagues and other stakeholders, Alison Rose, CEO of RBS discusses her plans to "build a purpose-led bank". Thank you so much for joining me today.

Edinburgh-based financial services provider Aegon UK has posted full-year earnings of £122 million for 2019, a £12m rise from 2018. The firm's new boss, Mike Holliday-Williams, said that the changes implemented within the company since his appointment in October 2018 have meant that the

A tailored mortgage to help Scots entrepreneurs on to the property ladder has been launched by Scottish Building Society (SBS). The innovative package recognises the challenges start-ups face in demonstrating to traditional lenders, who use automated credit scoring, that they have a regular income.

Stephen Cowan, managing director of Yuill + Kyle, provides information on the Scottish Debt Recovery system. Many English solicitors are mystified with Scotland’s procedures for the recovery of undisputed debt. This should not be the case. Like our English cousins ultimately the process involv

Scottish businesses are planning a £71 million investment boost over the next two years as Brexit uncertainty ends, according to a new survey from finance specialist Together. The survey by the specialist finance found that over the next two years plans to expand premises and employ more staff

Scotland has the highest level of women in business across the UK, according to new data from tech company UENI.

Bank of Scotland has raised £112,590 for Mental Health UK after auctioning off valuable versions of its upcoming £20 Polymer banknote. A total of 92 notes that contain desired serial numbers were up for grabs at the auction run by SPINKS in London on the 12th February, with every single

Gordon Deane, partner at Balfour+Manson, discusses the English case where borrowers were successful in challenging the validity of a loan transfer from one bank to another. The facts of the case are as follows. The Emanuels had borrowed money from Clydesdale Bank for the purposes of their

Frontier IP, a specialist in commercialising intellectual property, has raised its equity stake in portfolio company Celerum Limited from 10% to 33.8%. The increase is in return for an investment of £25,000, converting a previous loan of £21,818 into equity, and for providing £50,0

Pernod Ricard, the owner of Chivas Brothers, has issued a profit warning in light of the business risks in China stemming from the COVID-19 coronavirus outbreak. In announcing that the profits forecast has been cut, Pernod Ricard hailed the strong performance of The Glenlivit, Ballantine's and

Brexit uncertainty resulted in significantly lower growth for the Scottish economy in 2019, the Scottish Government's State of the Economy report has found.

Unity Trust Bank has appointed former RBS head of corporate transactions John Copping as its new regional director for North. Mr Copping has a wealth of experience in the financial services sector having worked at RBS for over 30 years where he was regional head of corporate transactions, overseeing

The Puerto Rico government has lost $2.6 million after falling for an email phishing scam.

Jenny Simpson, partner and head of Wylie & Bisset’s charities team, has been re-appointed to the advisory committee that oversees the rules for how charities across the UK and Ireland report on their finances. For the first time, the committee will include organisations which work closely