News

Just nine per cent of people in the construction and property sector are financially on track for the retirement they aspire to have, according to new research from Aegon UK. The Edinburgh-based insurance firm said the figure was unchanged from April 2015 but is now lagging behind the UK average of

The total value of the residential sales market in Scotland from 2006 to 2016 was just over £148.2 billion, a new report published today has revealed. Further key findings of the Registers of Scotland’s (RoS) fourth annual publication of the 10 year-property market report over the last 10 years i

Rothschild Investment Trust has pulled the plug on a merger with Alliance Trust, a move it has now described as “not in the best interests of shareholders”. RIT Capital said it will not be making a formal offer for the Dundee-based trust, which had seen shares rise by over 3 per cent when news o

Glasgow and Edinburgh’s hotel sector had excellent revenue growth during March while Aberdeen continued to be in the doldrums according to the latest report by accountants and business advisers, BDO. The firm’s monthly hotel survey found that year-on-year revenue grew 12.0 per cent in Edinburgh

The average selling price of two bedroom flats in the Edinburgh seaside areas of Portobello and Joppa has soared by 38.3 per cent over the last three months, according to the latest analysis from ESPC. The headline statistic comes from the estate agent’s latest house price report covering the peri

Another week and its another legal action for RBS. It has now emerged that the 73 per cent state owned bank is being sued for £145 million by liquidators at Grant Thornton acting for the creditors of a number of fraudulent companies engaged in a VAT carousel fraud in which carbon credits were being

The continuing slump in oil prices could see almost one in three of the UK’s oil and gas firms planning more new job cuts, a new survey has found. The latest Bank of Scotland report on the oil industry has found that around 32 per cent of companies are planning further job cuts as the sector downt

Dougie Adams The EY Scottish ITEM Club has forecast growth in Scotland coming to a virtual standstill as a result of the oil price slump.

Johnston Carmichael has announced six promotions within its leadership team, as part of the Chartered Accountants and Business Advisers’ growth strategy across Scotland. David Ward and Toby Rintoul of the Edinburgh office, Jennifer Cormack of Huntly, Louise Peters of Forfar and Richard Britten of

Business advisory firm Deloitte has continued its investment in Scotland with the appointment of three new partners and six directors across its three offices in Edinburgh, Glasgow and Aberdeen. Chris Hunter, Matt Smith and Michael Magnay are among Deloitte UK’s 80 new partners, in the firm’s la

Blair Milne Independent accountancy firm, Campbell Dallas, has appointed Blair Milne as a new Partner in the firm’s Business Recovery and Insolvency Practice.

David Stewart Scottish independence is not a priority for UK property investment in Scotland as long as yield outperforms other regions, according to new research by solicitors Morton Fraser.

The Scottish Salmon Company PLC has announced new banking arrangements with Bank of Scotland. The move marks the first time a salmon farming company has used a Scottish bank to deliver full banking and ancillary services. The £55 million refinancing agreement is seen as a major milestone in the Edi

The Rothschild family's RIT fund is likely to face rival challenges in its merger bid with the Dundee-based Alliance Trust, city analysts have predicted. Stephen Peters, investment trust expert at wealth manager Charles Stanley, told the Financial Times: "We should expect more proposals. Two billion

Martin Gill Business outputs and optimism about future growth have fallen as companies are uncertain of the current economic direction in Scotland, according to the latest "Business Trends Report" by accountants and business advisers BDO LLP.