Donald McRae Activity levels in Scotland’s private sector economy were marginally lower during last month as fractional growth in manufacturing output was offset by a slight decline in service sector activity.
Deutsche Bank is set to be hit with a fine worth more than $1.5bn(£1.02bn) in what would be the biggest penalty imposed for manipulating Libor. The German bank is in negotiations with agencies in the UK and US to settle the allegations in which a Deutsche Bank subsidiary could also plead guilty as
Ramsay Duff Glasgow-based investment house Maven Capital Partners has announced the completion of a £13.75m deal to buy an empty 6,000m2 office building in Cardiff city-centre for conversion into a 100-bedroom Hotel Indigo, the boutique brand of InterContinental Hotels Group.
One of the world’s largest professional services firms, Arup Group, has been confirmed as the latest office occupier of 1 West Regent Street, the new Grade A office development located in the centre of Glasgow. Arup has taken the entire seventh floor of the property, comprising 13,681 sq ft of off
Aberdeen-based accountants Anderson Anderson Brown has announced the promotion of four members of their management team to senior positions. Management information solutions (MIS) specialists Carol McGregor and Jonathan Leiper have been elevated along with Lynn Gracie of the firm’s private client
Baker Tilly has strengthened its restructuring and recovery practice in Scotland with three senior hires poached from Begbies Traynor. Paul Dounis joins as a partner and Kevin Lamb as a director, both of whom will be based in Edinburgh, while John MacLean joins the Glasgow office as director.
The Bank of England has announced that UK interest rates are to remain at 0.5 per cent, more than six years after the record low was introduced. Expectations of a rise any time this year have been put on hold with Consumer Price Index (CPI) inflation at zero.