News

The Financial Conduct Authority (FCA) has announced proposals to stop the practice of ‘claims management phoenixing’, by banning Claims Management Companies (CMCs) from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant connection to the claim. Claim

Johnston Carmichael has been appointed administrator of Balfron-based prawn farm Great British Prawns Limited. A total of 18 jobs have been lost at the firm which has collapsed just two years after opening.

Baillie Gifford's Scottish Mortgage Investment Trust has recorded its strongest ever single year return. Announcing its results for the year to 31 March 2021, Baillie Gifford said that the increase in single year return builds on the strong long term share price total returns over five and ten years

The Entrepreneurial Scotland Foundation has appointed Sean McGrath as its new chief executive. Mr McGrath, who is currently the Foundation’s finance director, will take up the new role in July.

The firm that dealt with the administration of Rangers when it collapsed is suing the Lord Advocate for £25 million over the case that alleged the club was sold fraudulently, The Herald reports. Duff and Phelps' suit is the latest in the malicious prosecution scandal, the cost of which has now

Asset & wealth management firm Asset Co has announced its conditional acquisition of Edinburgh-based Saracen Fund Managers Limited for an effective total consideration of £2.75 million. The Consideration will be satisfied by the issue of 166,904 new ordinary shares of 10p each in the compa

One of Scotland’s largest independent funders, The Robertson Trust has today published details of its new fund for large organisations. Partners in Change is available to organisations working in Scotland with an annual income of more than £2 million.

Law firm CMS is joining forces with Interpath Advisory to stage a free to attend seminar for Scottish hotel and leisure businesses as they reopen after the second COVID-19 lockdown. The event will include a presentation by Stephen Montgomery, spokesperson for the Scottish Hospitality Group, a body w

NatWest customers will be able to set their own limit on how much can be transferred from their bank account online, in an attempt to protect the bank's customers from scams. The Royal Bank of Scotland owner is to cut the default limit on online transfers from £20,000 to £5,000 a day for

More UK homeowners are expected to fall into mortgage arrears this year as the economic repercussions of the COVID-19 continue to wreak havoc, according to new figures released by UK Finance. The trade association said mortgage arrears remained close to historically low levels in the first three mon

Kier Group has kick-started its proposed £241 million equity raise to help tackle its deficit. The share placing, which is fully underwritten by Numis Securities and Peel Hunt, will be the final part of its turnaround strategy.

Businesses across Scotland are invited to engage in a major new national initiative launched by BGF and the ScaleUp Institute to address critical challenges as the country recovers economically from the pandemic. ScaleUp Week: The Business Plan will take place from Tuesday, May 18 – Thursday,

Loganair, the UK’s largest regional airline, has launched its biggest ever winter programme as it continues to grow its connectivity across the UK. The winter schedule sees a 50% increase in the number of seats on sale in comparison to winter 2019, with 13 new routes announced for 2021 after t

UK Finance and the largest retail banks and building societies in the UK have made five commitments to continue to preserve access to cash for consumers and businesses over the long term. Barclays Bank, Coventry Building Society, HSBC UK, Lloyds Banking Group, Nationwide Building Society, NatWest Gr

The Financial Conduct Authority (FCA) has today set out plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets for firms to adhere to. Firms are already bound by FCA rules and principles to treat customers fairly and many firms are delivering