The number of pop-up hotels in Edinburgh has more than doubled in the last three years as city-centre hospitality operators evolve their offering to navigate regulatory shifts whilst simultaneously meeting traveller demand.
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Nationwide reported a notable 0.8% month-on-month dip in house prices in August, reflecting the largest annual drop since July 2009 with values down by 5.3%.
National Savings & Investments (NS&I) has announced new issues of its one-year fixed rate guaranteed growth bonds and guaranteed income bonds with the highest interest rates ever offered. The new issues offer savers 6.20% gross/AER for one-year fixed rate guaranteed growth bonds and 6.03% gr
Macfarlane Group PLC has reported a pretax profit of £10 million, up 13% from last year, in its financial results in the first half of 2023. Revenue at the firm saw a modest rise of 2%, standing at £141.6m compared to the previous year's £139.2m, and the company's operating profit
It has been revealed that property listings for sale in Scotland have seen a substantial uptick across several cities, according to a recent study by estate and letting agents DJ Alexander Ltd. The most noteworthy increases from August 2022 to August 2023 were in Inverness with an 83% rise
The recent introduction of Glasgow's low emission zone (LEZ) has had unexpected financial repercussions for both businesses and their employees, following a staggering 6,000 penalty charge notices in July, according to accountancy firm Azets. The rise in penalty charge notices linked to the new
Big four firm EY has informed its UK staff of imminent reduced pay rises and smaller bonuses for this year, amidst slowing demand for consulting services.
A significant drop in inflation was recorded for July, with the Consumer Price Index (CPI) having decreased from 7.9% to 6.8%. The drop is in line with the Bank of England's projections and was expected, particularly in light of the preceding month’s energy bill cut. Nevertheless, core inflati
The UK's economic growth outpaced expectations in the second quarter, with a 0.2% increase from April to June compared to the previous three months, according to the Office for National Statistics (ONS). GDP grew 0.5% in June and the Q2 rise was a modest uptick from the 0.1% growth seen in each of t
Edinburgh-based asset manager abrdn has reported a challenging first half of 2023, witnessing a withdrawal of £4.4 billion by clients, a significant 16% increase compared to the same period in the previous year. This reflects the heightened inflation and interest rate concerns which have shake
Edinburgh-based private bank Hampden & Co has reported a marked uptick in growth during the first half of 2023, with a 74% year-on-year surge in total income, raking in £15.5 million, and a pre-tax profit of £5m in the same period. This positive momentum is highlighted
Shehzad Ashaq has questioned the logic of changes to R&D tax credits that favour large companies over SMEs. From 1 April 2023, SMEs have seen R&D tax credits relief on qualifying costs reduce from an enhancement of 130% to 86% and, for loss-making companies, repayable credit reduce from 14.5
Ryan Gillies discusses the escalating challenge of attracting and retaining skilled talent, examining factors such as the skills shortage, the impact of the pandemic on working conditions, changing employee priorities like work-life balance, the rise of remote working, and the necessity for companie
Drinks conglomerate Diageo has celebrated a 12% increase in global Scotch whisky sales for the year ended 30 June 2023. The London-listed company, which owns almost 30 malt distilleries in Scotland, across which it employs 3,500 people, reported a 5.1% rise in operating profit to £4.6 billion,
An Inverness-based housebuilder that ceased trading earlier this year owed nearly £1 million to creditors Ptarmigan Homes left 25 projects unfinished when it collapsed in April.
