News

UK construction companies are continuing to increase their cash reserves but are earning little to no interest on their money as it’s sitting in low or zero interest accounts, new research has revealed.

A pensioner accidentally sent £193,000 to the wrong person after typing one digit of the sort code wrong whilst sending his banking details to his solicitor to receive an inheritance payment.

Accountant James Dempster has been appointed as a senior manager of Leonard Curtis' Scottish team. Mr Dempster joins the team within the group's Business Rescue and Recovery division based on Waterloo street in Glasgow.

Former RBS Edinburgh senior finance manager Neeraj Kapur has been appointed as the new chief financial officer of Provident Financial. Mr Kapur will join the Board and start as chief financial officer on 1 April 2020.

Challenger accountant BDO has rivalled The Big Four accountancy companies as it has taken on nine FTSE 250 audit clients this year. BDO's expanded client base comes as 'The Big Four' (Deloitte, PwC, EY and KPMG) increase their fees and cast off risky customers.

A Dundee-based McDonald’s franchise business has purchased a fourth restaurant and is investing in a new drive-thru lane after securing seven-figure funding from HSBC UK. Elm Restaurants, which is owned by franchise entrepreneur Nick McPartland, has purchased McDonald’s in Forfar from Mc

Julie Scott, chief executive of Standard Life 1825, the financial planning business of Standard Life Aberdeen discusses various aspects of the business in an interview with The Herald. Ms Scott's discussion ranges from the company’s expansion plans to Brexit and how savers are dealing with the

Business activity across Scotland's private sector increased for the first time since August in November, according to the latest Royal Bank of Scotland PMI. The index has highlighted that key to the renewed growth was a marginal uptick in order book volumes, the first for five months, alongside the

The number of million-pound-plus properties sold in Edinburgh, which grew by 41% to reach 18 in the first half of 2019, accounted for 66% of all million-pound houses sold in Scotland during that period, according to Bank of Scotland.

Edinburgh-based Cyan Forensics has secured £1.3 million in funding from Triple Point Investment Management, Mercia, SIS Ventures, the Scottish Investment Bank and private investors. Cyan Forensics' digital analysis tool can find terrorist handbooks or child sexual abuse material on devices wit

Addleshaw Goddard has appointed real estate investment lawyer Neil Hogg as partner to its real estate team in Glasgow. Neil Hogg brings almost 30 years of experience, as well as a strong portfolio of clients and connections in the hotel, logistics and office sub-sectors.

More than three quarters (78%) of small businesses surveyed in Scotland have seen the cost of their energy supply rise by at least £100 per year – with one in ten (12%) forking out an additional £500 or more, according to an independent survey commissioned by Utilita Energy. The re

Professor Alan Alexander has been appointed as the new chair of Audit Scotland. The public body said Professor Alexander, a non-executive member of Audit Scotland since 2018, will provide continuity to the organisation through the period of change in its membership.

Motherwell-based IT support business VectorCloud has received a five-figure funding deal from UKSE (UK Steel Enterprise), a subsidiary of Tata Steel. The company has since launched a recruitment drive as it looks to increase its headcount by around 20%. 

A leading town centre expert, Phil Prentice, chief officer of Scotland’s Towns Partnership, has said that support for small businesses is crucial if Scotland’s towns centres are to thrive in the future amidst the continued growth of online retail. Speaking ahead of a visit to L