The continuing slump in oil prices could see almost one in three of the UK’s oil and gas firms planning more new job cuts, a new survey has found. The latest Bank of Scotland report on the oil industry has found that around 32 per cent of companies are planning further job cuts as the sector downt
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Dougie Adams The EY Scottish ITEM Club has forecast growth in Scotland coming to a virtual standstill as a result of the oil price slump.
Peter Vardy Peter Vardy Group, the fast-growing Scotland-wide automotive retail business, celebrates its tenth birthday this year and is set to transfer over £5 million of ownership to its 800 colleagues as part of its Partnership Share Scheme.
RBS is to face another major legal action over the alleged mis-selling of interest rate swaps at a time when bosses are said to have known of Libor-rigging. The state-owned bank denies the accusations made by Stuart Wall, head of student accommodation company Opal Property, until it collapsed in 201
Barry Benjamin Wealth management is one of the least tech-literate sectors of the financial services industry, and is falling well behind other industries, a report published today by PwC finds.
Jon Cartwright Law firms’ bank debts have jumped 36 per cent in the past year, from an average of £28,000 to £38,000 per equity partner as the profession targets growth according to Hazlewoods, chartered accountants and business advisers who specialise in the legal profession.
Blair Nimmo KPMG, administrators of McEwens of Perth, the venerable independent fashion store chain with premises in Oban, Ballater and Perth, have revealed that unsecured creditors have lost up to £2.875 million following the collapse of the company.
Major changes to the tenancy laws in Scotland will give more security to tenants, but also produce hazards for landlords, write Lucy Harington and Louise McAlister from the Commercial Dispute Resolution Team at TLT LLP.
Lockton, the Glasgow-headquartered corporate insurance broker established to service the Scottish corporate risk market in 2014, has doubled its turnover in the year to April 2016. The firm now controls premiums in excess of £10m.
Demand for professional contractors in Scotland rose 21 per cent year-on-year to April 2016, according to research from the Association of Professional Staffing Companies (APSCo). The data, provided by recruitment software company, Innovantage, revealed that significant growth was experienced across
Nationwide building society, Britain's biggest customer-owned lender, has reported a 23 per cent rise in full-year pre-tax profits to £1.3bn, up from £1.04bn a year earlier. The mutual, which is the UK’s second biggest provider of home loans, also said underlying profit had increased 9 per cent
Mortgage arrears in Aberdeen are running at double the UK average rate and triple what they were in 2012, according to credit rating agency Moody’s. The firm said plummeting oil prices and contagion from rising unemployment in Aberdeenshire has spread to the housing market.
Scotland's digital retail parks and traditional High Streets suffered a slump in footfall last month with experts blaming poor weather, declining consumer purchasing power and uncertainty over Brexit as negative factors. Worryingly, the slump extended to digital sales. Diane Wehrle, Marketing and In
Debbie Mayor As the fifth session of the Scottish Parliament gets underway, Grant Thornton has called on all political parties to work together to address declining exports.
