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Finance and law

Project Heather

Stock Exchange board hires due as CEO insists project is ‘on plan’

Tomas Carruthers at parliament
Scotland’s proposed new stock exchange is due to unveil two board members, possibly a chairman, as the chief executive of the steering group insists it remains on schedule. Tomas Carruthers,Read More

Property deal

Paulo and DiRollo sell Coulters Lettings to Gilson Gray

Matt Gray, Sam Paulo, Marcus DiRollo, Glen Gilson
New team: Matt Gray, Sam Paulo, Marcus DiRollo, Glen Gilson Law firm Gilson Gray has bulked up its property business by acquiring Coulters Lettings just a month after residential estateRead More

Project Heather update

Stock exchange team bolstered amid speculation of delays

Tomas Carruthers of Project Heather at Scottish parliament
Tomas Carruthers: leading the project (pic: Terry Murden) Scotland’s proposed stock exchange has hired a head of market operations as it shrugs off speculation that the project is behind schedule.Read More

Bank takes hit

Clydesdale shares nosedive on surge in PPI settlement claims

Clydesdale note 2
Clydesdale owner CYBG has seen a rise in claims Shares in Clydesdale Bank parent CYBG slumped by a fifth this morning after it made a fresh £300-450 million provision toRead More

Change of ownership

Directors aim high after buying out Johnston Financial founder

Johnston-Financial
John McArdle (centre) and Suzanne Gray with Adrian Johnston Two directors in a firm of chartered financial planners are buying out the owner’s remaining stake and aim to double theRead More

Claims rocket

RBS facing almost £1bn in further payouts for PPI mis-selling

RBS Gogarburn
Bank making provisions (pic: Terry Murden) Royal Bank of Scotland is setting aside almost £1 billion in further compensation to meet a ‘significantly’ higher surge in late claims for mis-soldRead More

Sale of assets

Tesco Bank sells mortgage portfolio to Lloyds in £3.8bn deal

Tesco Bank
Edinburgh-based Tesco Bank: aligning resources Tesco Bank has confirmed the sale of its mortgage portfolio to Lloyds Banking Group in a £3.8 billion deal. Lloyds had been expected to edgeRead More

New finance jobs

Payments firm iZettle looking to expand in Scotland

Jacob de Geer and Robin Knox
Jacob de Geer (left) with Robin Knox (pic: Terry Murden) Point of sale payments systems iZettle intends to boost jobs in Edinburgh following its acquisition last year by PayPal. Stockholm-basedRead More

Committee demands pledge

MPs want law to stop towns being left without banks

Aberfeldy bank branch closure
Closed: Aberfeldy branch of RBS (pic: Terry Murden) Banks should ensure they retain at least one branch in every town, says a committee of MPs. The Scottish Affairs Committee wantsRead More

Case for fixed fee model

Lack of legal clarity due to ‘mismatch of expectations’

Keith Anderson
Keith Anderson: not a new phenomenon (pic: Terry Murden) One of Scotland’s leading corporate lawyers says a lack of transparency in fees and advice offered to SMEs – identified inRead More