News

Perth-based investment firm Braveheart has posted a pre-tax loss of £1.04 million – 3.84p per share – for the half year to the end of September, up from a loss of £88,000 or 0.35p per share a year ago. The firm also revealed that revenue was down a third at £610,000 due to the Viking equity c

Sir George Mathewson A real estate investment trust (Reit) with a heavy focus on Scottish commercial property is to be floated for the first time this week.

Graham Cunning An Aberdeen-based supplier of hoses to the offshore oil and gas industry has been sold to a Swedish industrial firm in a deal worth up to £6 million.

There were 361,345 private sector businesses operating in Scotland as at March 2015 - the highest figure since the time series began in 2000. According to Scotland’s Chief Statistician, between March 2014 and March 2015, the estimated number of businesses increased by 26,090 - representing a rise

Scottish businesses are predicted to face further financial pressures with commercial rents expected to rise further over the next 12 months, the Royal Institution of Chartered Surveyors (RICS) warned today. The RICS UK Commercial Market Survey, Q3 2015, reveals that businesses within the office and

There has been a sharp rise in the number of Scots who borrowed money to pay for food, housing or utility bills over the past six months, according to The Financial Well-being Survey produced by Debt Advisory Centre. More than half (57 per cent) of the Scottish consumers questioned said they were fo

Scots law firm Brodies LLP has expanded its top-ranked corporate & commercial team with the partner appointments of Douglas Crawford and Helen Machin, corporate finance lawyers prominent in the private equity market, and Karen Fountain, a funds specialist. Mr Crawford, one of Scotland’s best k

Bob Keiller Scottish Enterprise has named its new chairman as Bob Keiller, who is retiring from oil services firm Wood Group.

Gail Clarke Gail Clarke is director of rural land and business, at Blackadders

Tom Slater Tom Slater has left his position as co-manager of the £3.6bn Scottish Mortgage trust to take over the role of head of the North American team at Baillie Gifford.

Lloyds Banking Group has withdrawn its £420m claim against fellow bailed-out bank, the Royal Bank of Scotland. In May 2014, it emerged that Lloyds was suing RBS for £420m as part of a wider “group litigation order” lawsuit over RBS's allegedly "misleading" 2008 right issue.

Allan Clow Aberdeenshire-based Bancon Group has completed its new senior management team with the appointment of Allan Clow as group finance director.

Aberdeen’s hotel sector experienced its fifth consecutive month of double digit drops in occupancy and revenue in August as the hospitality sector continued to be badly hit by cuts in the oil and gas sector, according to the latest report by accountants BDO. The firm’s monthly hotel survey found

As Scottish laws on insolvency are to be brought together into one piece of legislation for the first time in a generation as the new Bankruptcy (Scotland) Bill, ICAS has endorsed the move. The Bill, due to be introduced to the Scottish Parliament, aims to capture all of the amendments made to the p

Scots law firm MacRoberts has reported another successful year, with increased profits and turnover and the appointment of seven new partners. In the year-end to April 2015, turnover at the firm was up by 2 per cent to £17.959m and profits increased by 1.3 per cent to £6.183m.