News

Scottish companies raised £100m in venture capital investment in 2018, with almost half (£47m) raised by healthcare companies, according to the latest Venture Pulse report, a quarterly analysis of global investment trends published by KPMG. The report shows that across the UK, despite on

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.

Latest industry data for January has indicated a renewed loss of momentum for the UK service sector amid Brexit uncertainty, with a decline in incoming new work reported for the first time since July 2016.

The total value of decrees against businesses rose in 2018 compared to the previous year, but the total value of decrees against companies - the generally larger incorporated businesses - dropped to the lowest annual figure on record, according to figures released today by Registry Trust. There were

Over half (59 per cent) of Scottish manufacturers remain optimistic about the future growth of their businesses but acknowledge that there are a number of challenges that lie ahead. The results of the latest manufacturing and engineering survey conducted by Henderson Loggie, in conjunction with MHA

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

BT Group is responsible for generating £1 in every £110 produced in the Scottish economy, according to an independent report published today.

Rents in Scotland’s private rented sector (PRS) have continued to rise with an increasing number of families now living in privately rented homes. In its latest report, property letting portal Citylets said a 5 per cent year-on-year increase during the final quarter of 2018 was

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

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.

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

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

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

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,

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