Aberdeen and Edinburgh property developer Drum has announced the flotation of a £31.9 million real estate investment trust (Reit). The firm it is targeting “significant” growth through its Drum Income Plus Reit, which will initially be concerned with commercial property assets valued at between
The UK government could force Royal Bank of Scotland to increase the size of the Williams & Glyn business that is has to sell off to meet the obligations of its 2008 taxpayer bailout. RBS, which is spinning off the Williams & Glyn business next year in a move enforced by the European Union,
Lindsey Paterson International students are a boon to the Scottish economy, contributing an estimated £312 million per annum, according to global accountants PwC.
Alastair Rae Hotel occupancy and revenue continued to fall in Aberdeen during March according to the latest report by accountants, BDO.
Vaughan Hart A ‘decoupling’ of output and jobs in the Scottish construction sector could threaten the long-term sustainability of the industry’s recovery, industry body the Scottish Building Federation (SBF) has warned.
Dundee energy contractor Sustainable Energy Scotland (SES) has called in administrators after mounting debt and market volatility. Managing director Callum Milne told The Courier that the voluntary step to bring in Begbies Traynor, which has resulted in the loss of 40 jobs, had been taken with “re
David Nicol Wealth manager Brewin Dolphin has reported a strong first-half performance on the back of an “overall upward trend in investment markets” and sell-offs.
Rod Ashley Airdrie Savings Bank, the UK's last independent savings bank, is to close four of its Lanarkshire branches with the loss of 20 jobs.
Scotland’s food exports brought in a record £1.1billion in 2014 on the back of surging fish and seafood sales. Latest figures from HMRC revealed that total food and drink exports were valued at £5.1 billion last year.
Lending to first-time buyers in Scotland was down in both value and volume, according to the latest data from the Council of Mortgage Lenders (CML). In the first quarter of 2015 first-time buyers took out 5,400 loans, 23 per cent down on the fourth quarter of 2014. These were worth £580 million, do
Average Scottish rents recorded in April increased by 1.6 per cent in a year, according to Your Move’s latest Scottish Rental Index. This is the fastest year-on-year increase in rents since November 2014 when the annual change stood at 2.2 per cent, the data shows.
Tim Bunker A new report has revealed the highest business rate paid on any individual property in Scotland.
Queen’s Speech - Holyrood to raise 40 per cent of taxes and rule over 60 per cent of public spending
Under the new plans outlined in yesterday’s Queen’s Speech, the Scottish Parliament is to receive new devolved powers to raise 40 per cent of taxes and decide about 60 per cent of public spending north of the border. The powers described in the proposed Scotland Bill, which was included in the s
Martin Gilbert Aberdeen Asset Management has bought £4.1bn US private equity and real assets manager Flag Capital Management in a move the firm said will improve its hedge fund, property, private markets, infrastructure and pan-alternative offerings.
Glasgow Sheriff Court An assistant manager who worked in the trust department of accountancy firm Grant Thornton has been jailed for 40 months for embezzling £726,000 from trusts that were set up to help charities.