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Recent first-time buyers will be hit hard by surging interest rates, with their lifetime interest costs more than doubling over the past five years and their total lifetime costs reaching record highs, although coming house price falls will offer some respite to the next generation of homeowners, ac

Experienced cybersecurity and international B2B Software as a Service (SaaS) CFO, Mark Wheelhouse, has joined Cyacomb’s senior leadership team. Based in Edinburgh, Cyacomb is an online safety company that specialises in harnessing the power of data and technology to help law enforcement, socia

Profit warnings issued by UK-listed companies with a defined benefit (DB) pension scheme increased by 38% year-on-year in the third quarter of 2022. EY-Parthenon’s latest Profit Warnings analysis finds that the number of profit warnings issued by UK-listed firms with a DB scheme rose from 13 i

Gemma Diamond, audit director at Audit Scotland, discusses how data is often seen as a burden for public bodies, rather than the key to better policy decisions, and the action needed to build data as a national asset. Scotland is facing enormous challenges. Inequality is on the rise, an ageing popul

Advisory firm Dow Schofield Watts has expanded its Edinburgh office with the appointment of Adam Widerkiewicz as corporate finance manager. Mr Widerkiewicz, who has nine years’ experience in finance, joins from EDF Renewables, where he was a mergers and acquisitions specialist helping the comp

UK mortgage lending is expected to fall slow sharply in 2023 with just 0.7% growth due to rising mortgage rates and falling real household incomes, according to the latest EY ITEM Club Outlook for Financial Services. This comes after lending is projected to rise 4% this year, following strong demand

This confident message from expert voice Stuart Johnston of DM Hall is welcome news for the commercial property market in Aberdeen. Few have ever filled their boots by trying to correctly call a turning point in markets, but a remarkable concatenation of circumstances in Aberdeen in recent months ha

Occupier and investor demand for commercial property in Scotland fell further, according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor. The survey points to a weakening in the market as the prospect of further interest rate rises weigh heavily on the outlo

New research has revealed that savers in the UK are prioritising short-term flexibility over locking their money away for the long-term, as the cost of living crisis forces people to change how they manage their finances. The study, by digital bank Chase, found that instant access to money without c

New research from EY Lane4 has shown that while 86% of employees say their organisation has a ‘purpose statement’, 42% are unaware of what that purpose statement includes. The findings are taken from a recent survey of more than 2,000 UK employees, including 500 at C-suite level, working

Alan Stewart, tax partner at Aberdeen-based Meston Reid & Co, gives insight on succession planning for farmers and their estates. One of the biggest concerns that any farmer could eventually face is when they decide to pass on their farm to the next generation.

The Sustainable Aquaculture Innovation Centre (SAIC) has opened a new funding round for collaborative innovation projects, helping the sector to continue with vital research and development as cost-of-living pressures rise. More than £500,000 will be split between successful project proposals

Profit warnings issued by UK-listed companies have reached their highest third-quarter total since 2008, according to EY-Parthenon’s latest Profit Warnings report. In total, 86 profit warnings were issued between July and September 2022, compared to 51 in the same period of 2021, an increase o

Johnston Carmichael has been announced as a gold sponsor of the first-ever Scottish Games Week. The business, which advises a growing number of game developers, has chosen to sponsor the inaugural event to support the thriving and rapidly-evolving games ecosystem in this country.

Whisky distillers have cried out against one of the government's fiscal U-turns announced on Monday reversing of the freeze on alcohol duty. Commenting on the reversal of the UK alcohol duty freeze Mark Kent, chief executive of the Scotch Whisky Association, said: “Business can only work on th