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Finance


ESPC Sees Flat Property Market In 2010

The Edinburgh Solitors' Property Centre, Edinburgh

The average house price in Edinburgh rose by 2.8% annually last month, according to figures from the Edinburgh Solicitors Property Centre (ESPC). The average price of a property sold during February stood at £200,126, up from £194,678 during the same month last year. The rise marked the sixth time in the last seven months during which an annual increase had been recorded in the Capital.

Edinburgh Freezes Council Tax Charges But "Tougher" Times Ahead

East Princes Street Gardens

Edinburgh City Council will freeze council tax rates at their current level for another year, in spite of what Cllr Phil Wheeler, Convener for Finance and Resources, belie

Edinburgh Joins Drive To Combat Scams in "Scamnesty" Month

Scams

The City of Edinburgh Council, in partnership with the Office of Fair Trading, is running a month-long 'Scamnesty' as part of an ongoing drive to combat scams.

Edinburgh House Prices To Be "Broadly Unchanged" In 2010 After 2009 Rise

New Town from Edinburgh Castle battlements

Edinburgh's housing market ended 2009 in better health than a year ago, according to the ESPC's report for the last quarter of 2009, with the average house price up from £193,354 to £218,043, an annual increase of 12.8%. The average house price in Edinburgh has now increased annually during each of the last five months of 2009, reflecting a trend seen across the UK.

ESPC Sees Edinburgh House Prices Rise Over 15% in October

Looking to Leith from Calton Hill

The latest monthly statistics from the ESPC show that home owners in Edinburgh continue to benefit  from record low interest rates. House prices in Edinburgh rose by 15.4% annually to £221,875, according to the ESPC statistics for October.

Chambers Dictionary Publisher To Close Edinburgh Office

Scotland's oldest publisher will be closing at Hogmanay, it was announced yesterday.

Edinburgh Slips In League of World Financial Centres

Edinburgh Hanover Street Winter

Edinburgh has slipped in a survey of the top global financial centres to 27th in the world.

The Global Financial Centres Index (GFCI) was first produced by the Z/Yen Group for the City of London in March 2007 and now reports every six months

Edinburgh's Tram Project Hits Another Road Block

Tram works on Leith Walk

The company delivering the tram project for Edinburgh, tie, has begun legal proceedings with the Bilfinger Siemens CAF (BSC) consortium who have been contracted to build Edinburgh's trams network.

MacTaggart Lecture by James Murdoch

James Murdoch, Chairman and Chief Executive, Europe and Asia, News Corporation, and Chairman of BSkyB, will give this year's MacTaggart Lecture at the MediaGuardian Edinburgh International Television Festival.

Edinburgh's Festivals handed £2m slice from Government arts fund

The Scottish Government has announced a £2 million injection into Edinburgh's Festivals over the coming financial year.

Distressed Dunfermline Merged With Nationwide Building Society

The Dunfermline Building Society, its 530 staff, 300,000 customers, branches, and call centres has been taken over by the UK's biggest building society the Nationwide today.

Living With Deflation

One of the effects of the massive evaporation of easy credit both in Britain and around the world in recent months has been deflation. In 2009, Britain is expected to officially enter into its first deflationary period in 49 years when the Retail Price Index, which measures the price of goods and services, drops below zero.

Tesco To Create 200 Edinburgh Jobs For Finance H.Q.

Tesco store, Canonmills

After the recent spate of grim news for local banks, Edinburgh's battered financial industry got a much-needed boost yesterday.

Pressure Builds on Ex-Royal Bank Chief to Give Up £16m Pension

Royal Bank of Scotland, St. Andrew Square

Former Royal Bank of Scotland chief Sir Fred "the Shred" Goodwin is facing increasing public and government pressure to give up his pension after running the bank into the ground.

RBS, which has its head office in St. Andrew Square, reported an annual loss of more than £24bn on Thursday - the largest corporate loss in British history.

Edinburgh Building Societies

Some of the building societies in this U.K. list have been taken over - for example, Britain's biggest building society, the Nationwide, has merged with the smaller Cheshire, Derbyshire, and Dunfermline building societies, but their individual brands (and web sites) are still active. However, The Staffordshire, which was

Edinburgh Banks

HBOS Head Office, Edinburgh

Some of these banks have merged - the obvious examples being NatWest and Royal Bank of Scotland or HBOS (Halifax-Bank of Scotland) with LloydsTSB. Since the new LloydsTSB megabank has retained the brands of the original, individual banks, they are listed separately here.

Finance

Edinburgh Business and Personal Finance Resources

Art World Celebrates £50 million Acquisition of Titian’s Diana and Actaeon

National Galleries of Scotland

The National Galleries of Scotland (NGS) and the National Gallery, London (NGL) are celebrating  the £50 million acquisition of Titian's Diana and Actaeon from the Duke of Sutherland. 

Residents' Advice Shop On the Move

The City of Edinburgh Council's Advice Shop will be moving to a new premises this summer. The council bought out of the lease to rent shop front premises on South Bridge in favour of a move to its own building at 329 High Street. The move was approved by councillors at yesterday's meeting of the Finance and Resources Committee.