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David Findlay, associate for valuations at Knight Frank Glasgow, discusses the lifting of material uncertainty clauses from commercial property. Over the past couple of decades, the property sector has grown accustomed to dealing with uncertainty: the dotcom bubble popped at the turn of the millenni

The UK government borrowed £35.9 billion in August as the coronavirus pandemic took its toll on the public finances, according to the latest figures released by the Office for National Statistics (ONS). 

Glasgow’s 150 Broomielaw office building has been acquired for circa £40 million by Singapore-based Elite Partners Capital from a Jersey Trust.  The acquisition is one of the biggest UK office deals outside of London following the COVID-19 pandemic.

America's largest bank, JP Morgan, is transferring around €200 billion (£184 billion) from the UK to Germany as it prepares for Brexit. According to Bloomberg, the transfer of assets will make the bank one of the largest in Germany based on the size of its balance sheet. The transfer of a

The Financial Reporting Council (FRC) has indicated that rule breaches have been discovered in its investigation into KPMG’s audits of collapsed contractor Carillion.

Aberdeen-based global payroll and tax compliance specialist activpayroll has announced the appointment of Steve Callaghan as a non-executive director and chairman. Mr Callaghan has a considerable track record of growing and transforming businesses, specialising in software and services on an interna

Anderson Anderson & Brown LLP (AAB) has announced the establishment of a specialist team dedicated to supporting family businesses. AAB currently works with over 1,000 family businesses, amounting to 75 per cent of the firm's SME client base. The new dedicated team has been formed to support thi

Financial services veteran Jim Pettigrew has been appointed as chair of Scottish Ballet's board of directors. Mr Pettigrew, who announced his retirement from Virgin Money earlier this year after overseeing its acquisition by Clydesdale Bank, joined the board this month and will take over as chair in

National Savings and Investment (NS&I) has announced today that it will be reducing interest rates for its variable rate products and some fixed term products, from 24 November 2020. NS&I said it must strike a balance between the interest of savers, taxpayers and the broader financial servic

The Scottish Government has launched a Sustainable Agriculture Capital Grant Scheme (SACGS) with the stated aim of protecting and improving the natural environment, reducing greenhouse gas emissions and supporting sustainable farming and land use. The grant forms part of the Agricultural Transformat

The UK Government has today appointed Pauline Wallace as the inaugural chair of the UK Accounting Standards Endorsement Board (UKEB). Ms Wallace has over 30 years’ experience in the development of accounting standards, both as a practitioner and as a standard setter.

Alba Bank, the Glasgow-based challenger bank set to launch into the SME business market later this year, has appointed Alastair Christmas as its new commercial director. Mr Christmas has over 30 years of experience within the UK financial sector at the Royal Bank of Scotland and Clydesdale Bank

Edinburgh-based start-up Occupyd is launching a first-of-its-kind marketplace which connects small businesses and individuals searching for workspace with companies looking to monetise their existing and excess capacity.  Founded by entrepreneur Callum McPherson, Occupyd caters to a number of i

Spirits producer Edrington Group has appointed Scottish accountant Angus Cockburn to its board of directors.  He joined the board as a non-executive director on September 1. 

Glasgow-based business turnaround consultancy BRS has appointed Anthony Allen as group business development manager. Mr Allen will be responsible for driving growth across the BRS Group’s three core service divisions, BRS Consulting, BRS Credit Management and BRS Capital, supporting distressed