Scottish retail footfall saw a modest increase in January, rising by 1.0% year-on-year, a slight improvement from December's 1.5% decline. Shopping centres and retail parks experienced growth, with retail parks showing a particularly strong performance, up 5.7%. Edinburgh and Glasgow also saw increa
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Lettings and estate agency DJ Alexander has said rent levels in Scotland are best left to the market to determine, arguing that rent controls have inadvertently fuelled rent increases. The firm said that the latest statistics on rent levels in the private rented sector (PRS) show that rents have bee
Housing associations face a challenging insurance market amid huge increases in premiums, research commissioned by the Scottish Federation of Housing Associations (SFHA) has found.
The property market in Edinburgh, the Lothians, Fife, and the Borders demonstrated robust growth between November 2024 and January 2025, with average selling prices having risen by 4.6% year-on-year, reaching £287,184, according to ESPC. This yearly rise demonstrates robust market demand even
A former Aberdeen takeaway boss has been banned from being a company director for seven years after employing three illegal workers.
The Bank of England is poised to slash interest rates to a low not seen in over a year and a half during its upcoming meeting this Thursday, 6 February. Economists predict a quarter-point reduction from the current 4.75% to 4.5%, marking the first cut of the year.
Research amongst 1,500 UK parents with children aged 0-15 years, conducted by 3Gem on behalf of Scottish Friendly, shows six out of 10 (58%) of parents are concerned their child won’t be able to afford to live independently. With over half (55%) worried that the cost of the deposit for a rente
The flagship Inch Cape Offshore Wind Farm project has reached financial close raising more than £3.5 billion of funding, the equal joint owners ESB and Red Rock Renewables announced today. K2 Management (K2M), part of global wind engineering and advisory consultancy Ramboll, provided Lender&rs
Scottish businesses are buckling under the pressure of increased costs, with a huge jump in the number of businesses experiencing "critical" financial distress, according to Begbies Traynor. The independent business rescue and recovery specialist said its Red Flag Alert data for the last quarter of
HMRC collected a record £6.3 billion in inheritance tax over the nine months to the end of December 2024, according to new figures. Inheritance tax receipts reached £6.3bn from 5 April to 31 December 2024, marking an 11%increase on the £5.7bn received in the same period in 2023.
Abrdn shares jumped over 4% today after reporting improved inflows, offering a glimmer of hope for the challenged asset manager. The firm saw £1.2 billion in net inflows in the fourth quarter of 2024, a significant turnaround from £5.7bn of outflows a year prior. Despite this, abrdn stil
Oakbank Community Inn Sandbank (OCIS), the committee behind the revival of the landmark village inn, has announced a community share offer. The offer will be launched this weekend with an event at the inn on Sunday 26 January (2PM to 4PM).
PwC UK has initiated a new round of redundancies, trimming its workforce and delaying promotions for some junior staff, in response to a slowdown in the professional services sector. The over 25,000-employee firm, which provides audit, consulting, and tax services, has offered voluntary redundancy t
The UK economy showed meagre growth of 0.1% in November, following a decline in the previous month.
