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Clackmannanshire Council has “laid the foundations for improvement” but “serious challenges” remain for the local authority, according to the Accounts Commission.

Paul McGinnes has been appointed by Leonard Curtis Business Solutions Group to head up its Reach Commercial Finance division in Scotland. Mr McGinnes takes on the head of Scotland role for the company, with a remit to meet the country’s ongoing demand for commercial finance expertise in the SM

Four directors at Edinburgh-based property group Sigma Capital have been awarded £845,000 in bonuses after a successful year. The sum includes £350,000 granted based on Sigma's overall performance last year and £495,000 linked to the performance of Sigma's new private rented sector

FinTech startup Wagestream, which lets employees access their wages early, has closed a £15 million series A funding round, co-led by venture capital investors Balderton Capital and Northzone. In addition, the venture snagged a credit facility of up to £25 from Shawbrook Bank.

Scottish Enterprise and Project Heather have reached agreement on a £750,000 Regional Selective Assistance grant to support the investment in additional talent to support the creation of a stock exchange in Scotland. The grant provides for up to 45 high-skilled jobs in Edinburgh, where the exc

The value of Venture Capital (VC) investments made in Scotland slowed in the first three months of 2019 due to ongoing Brexit uncertainty, according to Venture Pulse, a quarterly report on global trends published by KPMG. A total of six deals were completed in the first three months of 2019 with a t

Governor of the Bank of England Mark Carney has warned that interest rate increases could be "more frequent" than expected if the economy picks up following a resolution of the current political impasse. Economic growth has been subdued since the UK voted in June 2016 to leave the EU and markets are

Edinburgh-based wealth management partnership Baillie Gifford has launched its Schiehallion Fund (MNTN), a new closed-end investment company dedicated to the unlisted ‘unicorns’ that its flagship Scottish Mortgage Trust has successfully pioneered.

New housing developments built in city centres have the potential to stimulate 50 per cent more economic growth than similar developments located at urban fringes, according to a new report. The study, conducted by KPMG’s specialist Infrastructure, Building and Construction team, rai

The owners of the former McEwens of Perth department store will not have to disclose the legal advice they were given before signing a personal guarantee granted to them by a bank in their action for reduction of the contract, a judge has ruled.

Production forecasts for Scotland’s oil and gas sector have been significantly revised upwards by the industry regulator. Published today the Oil and Gas Authority (OGA) now forecast that 11.9 billion barrels will be extracted by 2050 – almost 50 per cent up from the estimated 8 billion

A Scottish firm that has pioneered technology using plastic waste to surface roads has opened its first factory in Dumfries and Galloway today.

Accountants Chiene + Tait (C+T) have voiced concerns of the detrimental impact a tourism tax could have upon the Highlands. Jackie Fraser, director at the firm’s Inverness office, has urged caution after Highland Council confirmed it will conduct a public consultation on the introduction of a

A South Lanarkshire man has been jailed for more than two years for an elaborate a VAT tax fraud concocted to repay a confiscation order previously imposed on him for forging banknotes. Glasgow Sheriff Court head this week how John Farrell, 61, from Thorntonhall, used fake passports and driving lice

An additional £20 million is to be invested by the Scottish Government in extra support to help GPs with the cost of running their practices, making a total investment of £50 million over the next two years.