News

An online pre-application consultation (PAC) is under way regarding design proposals for a new hotel and leisure ‘hub’ redevelopment of the Debenhams store on Edinburgh’s Princes Street.

High growth start-up companies and university spinout projects will receive grants from the Scottish government to help them grow in the wake of the COVID-19 pandemic. Part of a £3 million package of support, the funding provides grants of up to £50,000 for 41 high growth potential

Small and medium sized enterprises (SMEs) remain optimistic for long term recovery despite a dip in growth during August, according to latest edition of the Royal Bank of Scotland Small Business PMI report. The monthly survey of businesses across the UK revealed recovery in activity stalled in Augus

The UK regional office market will see rents remain stable despite lower levels of take-up due to the COVID-19 pandemic, according to a new report from Savills. Savills says this can be attributed to record low vacancy rates, which at present average just 7.5 per cent across the Big-6 regional citie

The landmark former Watt Brothers department store in Glasgow has been purchased by Sandy and James Easdale in a rejuvenation plan expected to cost more than £20 million. The historic building, which is situated from Sauchiehall Street to Bath Street in the city centre, has been vacant since t

The National Audit Office (NAO) has said that £50 billion worth of banknotes in circulation are "missing". The public spending watchdog said the money is not accounted for in transactions or identified as savings by UK households.

To mark the end of Scottish Food & Drink Fortnight, Susan Dunlop shares a few thoughts on the prospects for the industry in the coming months with uncertainty dominating. For many of Scotland’s food and drink suppliers, producers and retailers, the last six months have been arguably the mo

An airline which offered a one-off "flight to nowhere" has reported that tickets sold out within 10 minutes.

Consultancy and brokerage firm Watts Commercial Finance has expanded its presence in Scotland with the opening of a new national office. Commercial managers Emma Ross and Dean Thomson, two stalwarts of the banking industry, have been appointed to head up the new office.

Scottish accountancy firm Goldwells has announced the acquisition of two Moray firms, Moray Tax Specialists and Chris Banks Bookkeeping. The double acquisition means that Aberdeenshire-based Goldwells now has eight offices across north and north-east Scotland and a presence in Elgin for the first ti

Aberdeen Standard Investments (ASI) has announced that Mark Redman will succeed Peter McKellar as global head of private markets. After nearly 20 years with the business, Mr McKellar will retire from ASI at the end of Septmeber.

The Aberdeen Smaller Companies Income Trust PLC has reported "relative outperformance" despite the challenges of the COVID-19 pandemic. Although the Numis Smaller Companies ex-Investment Trusts index, the Trust’s new benchmark, returned -25 per cent in the six-month period to the end of June 2

Big Four audit firm Deloitte has been slapped with a record £15 million fine by the Financial Conduct Authority (FCA) in connection with failures in its audit of Autonomy. The watchdog today announced sanctions against the firm and former partners Richard Knights and Nigel Mercer following ear

Social Investment Scotland (SIS) has reported record-breaking £10.9 million investment in social enterprises, community organisations, and mission-driven businesses over the past year. According to its latest Social Impact Report, SIS invested £4.36 million in social enterprises and comm

A new online life and legacy planning platform has been launched following an additional £600,000 investment from savings and investments businesses. Legado, based in Edinburgh, launched today following the significant financial backing from Prudential and FNZ.