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Company insolvencies in Scotland have dropped 8% in November 2023 when compared to November 2022, according to the latest statistics published by the Insolvency Service. This November there were 109 company insolvencies registered in Scotland. This was comprised of 30 compulsory liquidations, 7
UK Finance has unveiled its housing and mortgage market forecasts for 2024 and 2025, alongside a review of 2023 showing that the UK mortgage market has experienced significant pressures in 2023 due to rising interest rates and increasing household costs.
In a significant boost for Edinburgh's economy, the Edinburgh International Conference Centre (EICC) has achieved its strongest ever pipeline by securing 40 major conferences and events for the next 12-36 months. This record-setting pipeline is expected to bring approximately 20,000 delegates to the
As the private sector in Scotland braces for a wave of wage and benefits discussions in early 2024, businesses are being cautioned about the risks of losing staff to insufficient pay increases. Jane Watson, head of prism HR, the human resources consultancy operated by Scottish legal firm Lindsays, i
The average selling price of property in Edinburgh, the Lothians, Fife and the Borders dropped 6.6% year-on-year to £273,348, according to new figures from ESPC.
Edinburgh-headquartered private bank Hampden & Co has appointed Claire Mann as the head of client proposition. Ms Mann, with her extensive background in private banking and client relationship management, is set to lead the bank's client relationship management (CRM) programme. This strategic mo
Business confidence in Scotland rose sharply in November, bringing it back in line with UK figures ahead of the Christmas shopping season, according to Bank of Scotland. The bank's latest Business Barometer shows that business confidence in Scotland rose 15 points to 41%, while business confidence a
The Chancellor's Autumn Statement of 2023 has been met with a mixed reception from Scottish tax experts, who highlight both positives and concerns in the outlined fiscal plans. Susie Walker, partner and head of tax at Johnston Carmichael, noted that while the 'full expensing' tax break favours large
The Scotch Whisky Association (SWA) has praised the Chancellor's decision to maintain the current 10.1% alcohol duty rates, providing a much-needed reprieve for the sector, saying that the decision to cancel a further hike provides “much-needed stability” for distillers. The decision sho
Vishal Chopra, head of tax for KPMG UK in Scotland, discusses the expected fiscal measures in tomorrow's Autumn Statement, highlighting the economic challenges and potential tax policy changes in both the UK and Scotland. The Autumn Statement looks set to be as gloomy as the current economic ou
Aberdeen Football Club has turned a net profit of £1.1 million for the year ending 30 June 2023, a notable rebound from a cumulative net loss of £14.8m.
Investment into Scottish commercial property reached £330 million in Q3, around 33% below the five-year quarterly average of £500m according to Colliers’ latest Scottish Snapshot.
The Artisanal Spirits Company (ASC), ownership of The Scotch Malt Whisky Society (SMWS), has secured a substantial financing deal with Ferovinum, amounting to £15 million.
SSE plc has published details of its 2023/24 interim results and announced a £2.5 billion increase to its existing five-year investment programme, expecting £20.5bn of investment to 2027 compared to £18bn previously.
