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A Chinese company which previously paid bond investors in ham instead of cash is now running out of pigs.

Standard Life Aberdeen has bought back shares worth £238 million from Goldman Sachs as part of its £1.75 billion buy-back programme. A total of 939,492 ordinary shares were bought from Goldman Sachs at an average price of £2.52p, insider.co.uk reports.

Accountants Chiene + Tait (C+T) have promoted Dave Philp into the new role of head of R&D tax. Mr Philp, based at the firm's main office in Edinburgh, joined C+T in 2012 and has worked for years in its entrepreneurial tax team.

Blair Nimmo and Geoff Jacobs of KPMG LLP have been appointed as joint administrators of Dundee-based building contractor McGill & Co Limited. McGill & Co, established in 1981, provides services to clients in the residential, commercial and industrial sectors from its headquarters in Dundee a

Blair Nimmo and Alistair McAlinden of KPMG have been appointed joint administrators of Edinburgh-based Our Power Energy Supply Limited. The company supplied gas and electricity to around 31,000 customers across the UK and was part of a group of companies owned by Our Power Community Benefit Society,

Accountancy and business advisory firm Johnston Carmichael will highlight the opportunities for investment in Scottish food and drink at a major London event tomorrow. Adam Hardie, partner and head of food and drink at Johnston Carmichael, is a speaker at the Invest in British Business event hosted

A senior American politician has proposed introducing a new tax on online porn to help fund Donald Trump's planned wall along the southern US border.

Glasgow-based chartered accountants Wylie & Bisset have announced the acquisition of rival practice McLellan Harris and three senior promotions as it targets growth in the SME business sector. The promotion of Catherine Livingstone to director with responsibility for supporting its growing owner

Bank of Scotland has appointed David Henderson to the role of real estate relationship manager following considerable growth within the sector. Mr Henderson, who joined the bank in 1988, has a wealth of experience in the banking sector which will now be put to use in supporting Aberdeenshire's prope

The UK government has paid out more than £75 million in Scotland over the past five years to cover redundancy payments and unpaid wages for insolvent businesses. Figures released to The Herald following a Freedom of Information request show that over £1 billion was paid out across the UK

A study into Scotland’s most and least affordable cities has found that Aberdeen has seen the biggest boost in home affordability over the last five years. The latest Bank of Scotland research found that average house prices in the city have risen by only 2% to £203,944 in the last five

An Edinburgh-based high-end collateral loan company has teamed up with a UK auction house to offer immediate cash advances to people selling valued possessions at auction. Edinburgh Asset Finance, founded by Neil Mitchinson in 2013, has partnered exclusively with McTear's to become the first Scottis

A new Scottish Widows life and critical illness product range has been rolled out to Bank of Scotland customers. The "Plan and Protect" products, which were made available to some Halifax customers last October, are now available across the UK to all Bank of Scotland, Lloyds Bank and Halifax custome

Edinburgh-based Tesco Bank has announced the appointment of Sandy Begbie as chief transformation officer. The bank said Mr Begbie, who joins from Standard Life Aberdeen, will be a member of the Tesco Bank Executive Committee, reporting to chief executive Gerry Mallon.

A health check of Scottish businesses has revealed promising results for companies in Paisley and Perth, which managed to outperform other cities including Glasgow and Aberdeen on a number of measures of financial performance. While not surprisingly, the rankings showcased the dominance of Edinburgh