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Scottish house prices have maintained their upward projection as the number of new properties on the market continued to fall, the Royal Institution of Chartered Surveyors (RICS) have said.

The overall arrears rate in the third quarter was the same as in the second quarter, with 0.84 per cent of all mortgages recording arrears equivalent to more than 2.5 per cent of the mortgage balance, according to the Council of Mortgage Lenders.

Scottish consumers are facing a difficult 2017 of higher prices and lower wage growth following the collapse in the value of sterling, according to the latest Business Trends Report by accountants BDO.

Dougal Gunn Sharp Edinburgh-based craft beer firm Innis & Gunn is this week launching a crowdfunding initiative with the aim of raising £1 million for two per cent of its share capital.

The new Living Wage rate has been set at £8.45 an hour.

Glasgow-based football club Rangers have posted a loss of £3.3 million in its latest annual report.

Mark Williams Royal Bank of Scotland has provided a financing package to help a Scottish waste and construction services company to further expand its business.

While the UK Commercial property market is showing some signs of a return to a more positive mood post the EU vote, London and Scotland are lagging behind the rest of the UK, according to the Q3 Royal Institute of Chartered Surveyors’ UK Commercial Market Survey 2016.

Scotland had 218 corporate insolvencies in the course of the second quarter of the current financial year, down from the 258 in the previous quarter – a 15.5 per cent drop, according to latest data.

The average price of a residential property in Scotland has shown an increase of 0.6 per cent during the second quarter of financial year 2016/17 compared with the same period in the previous year, with the highest rise of 9.7 per cent being reported in East Renfrewshire.

Union Street, Aberdeen. Aberdeen City Council could be set to take a “more proactive” approach to struggling businesses that are contributing to the sixfold rise in unpaid business rates in the Granite City.

The Scottish construction sector is experiencing post-EU referendum stagnation as financial constraints and lack of investment continue to weigh on growth, according to a new survey.

Fears that headwinds from the UK vote to leave the EU in June could spread to the global economy appear not to have been realised, with confidence amongst UK businesses holding up relative to the previous quarter, according to the latest the latest Global Economic Conditions Survey published today

More than a million Scottish families will see their income fall by £360 a year by 2020 as inflation rises and welfare payments such as housing benefit are frozen, the Institute for Fiscal Studies (IFS) has warned.

UK inflation has exceeded forecasts after leaping 1 per cent in September from 0.6 per cent in August to reach its highest level for two years.