News

Complaints to the Financial Ombudsman Service about guarantor-backed high-cost loans have increased by more than 3,000% in a year and now average almost 800 a week. According to the latest data released by the financial ombudsman, the increase in complaints means lender Amigo, which is the largest p

The UK Budget must provide adequate funding for Scotland and respect the devolution settlement, finance secretary Kate Forbes has said. The Scottish Government has committed to continuing business support during the next phase of the coronavirus (COVID-19) pandemic – including extending non-do

UK Finance has published detailed proposals for a new service company which will support the UK’s world-leading open banking infrastructure. Open Banking (OB) provides a secure way for financial information to be shared across different finance providers. It enables services such as account ag

Medical Incubator Japan (MIJ), an independent venture capital fund investing in early-stage life sciences companies, is planning further UK healthcare investments in 2021 after completing two landmark UK investments in 2020. MIJ’s first investment was in Lanarkshire-based ILC Therapeutics, whi

A golden egg made for a Cadbury’s treasure hunt in 1983 has sold at auction for £37,200.

New research published by audit firm RSM has revealed that the pandemic and Brexit could both be acting as catalysts for rebalancing the traditional order of returns in real estate, with Scotland being cited by over three-fifths of respondents to achieve the greatest residential yields in the next f

Restructuring and insolvency specialists Dunedin Advisory has relocated to a purpose-build high-tech office hub in Glenrothes with the firm opting for blended working in the wake of the coronavirus pandemic.  The firm has said its new location at ITEK House will give the business the flexibilit

Consumer body Which? is pushing for the UK Government to take immediate action to protect the future of cash for those who need it, as its latest analysis shows a spike in the number of people forced to pay to withdraw their own money from cash machines. The research shows that some parliamentary co

Financial services firms in the UK moved nearly £100 billion in assets to the EU in the last months of 2020, according to EY's latest Brexit Tracker. The shift has taken the total value of assets lost to EU countries since the Brexit vote to £1.3 trillion.

Andy Todd, business coach and facilitator of the new Edinburgh group of The Alternative Board (TAB), discusses the benefits of communication between businesses. The maxim 'a problem shared is a problem halved' is one of our defining principles at TAB.

House prices in the UK rose 0.7% month-on-month in February, according to the latest Nationwide House Price Index.

Banks should be encouraged to extend loan repayment periods to help struggling businesses recover from the coronavirus pandemic, according to Benny Higgins, an adviser to the Scottish Government. In September last year, Mr Higgins was asked by economy secretary Fiona Hyslop to provide a review of ho

Gilson Gray has acquired East Lothian-based Practical Legal Solutions.  As part of the deal, Gill Maclean, the former owner of Practical Legal Solutions, will join Gilson Gray as a consultant in its real estate practice. The firm is currently in the process of onboarding Practical Legal Solutio

Women's Enterprise Scotland (WES) launched its 2021 Manifesto for Change yesterday, focusing on the critical importance of developing and supporting women’s enterprise as part of Scotland’s future economic prosperity. The launch of the manifesto, which focuses on five priority areas for

TranSwap, a Singapore fintech company, has officially launched a new global R&D centre at the University of Edinburgh. Located at Bayes Centre, the global R&D centre aims to drive technology and market-led innovation in cross-border financial solutions, enabling TranSwap to sustain and stren