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Aberdeen’s hotel sector experienced double digit drops in both occupancy and revenue in May as the low oil price continued to take its toll, according to the latest report by accountants and business advisers, BDO. The firm’s monthly hotel survey found that year-on-year occupancy in Aberdeen dro

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There’s yet more good news for the Scottish economy today after another report said that after a shaky start to the year things were “getting back on track”. Coming just a day after uplifting reports from both Bank of Scotland and accountants BDO, Capital Economics said Scotland was one of onl

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Carrington Dean has secured a four-year contract with the Accountant in Bankruptcy (AiB), the executive agency of the Scottish Government responsible for administering the process of personal bankruptcy, the Debt Arrangement Scheme and recording corporate insolvencies. The agreement will see the Gla

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Reports have surfaced over the weekend that claim the UK government is planning a second sale of shares in Royal Bank of Scotland to be carried out by the end of this year. According to the Mail on Sunday, sources in the government have said a 10 per cent placing could be made as early as December,

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Latest data released today by Clydesdale Bank’s Australian parent company has revealed the Glasgow-based bank will this year set aside as much as £500 million to compensate customers over various misselling scandals. The news comes just months after Clydesdale was fined £20.7 million by the Fina

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Law firm Pagan Osborne has announced that Ian Fraser, one of its commercial and business services partners, has become a director and shareholder in the company. Mr Fraser, who is based in Edinburgh, joined the company in 2004 and has extensive experience in commercial property sales and purchases,

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Caroline Levesque-Bartlett Nobody in Scotland has faced jail for failure to pay their TV license in at least half a decade, according to figures obtained under the Freedom of Information Act 2002.

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The Greater Manchester Loan Fund, which is managed by Scottish firm Maven Capital Partners, has today announced a £500,000 investment in Rekoop Limited, a specialist provider of time capture software used by law firms in over 40 countries. Established in 2010, Rekoop provides cloud-based software s

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Cat MacLean An English court judgement could pave the way for Scottish companies to win more compensation from banks who mis-sold interest rate hedging products (IRHPs), law firm MBM Commercial has said.

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While this summer’s weather has left the country largely underwhelmed, two separate reports published today have described a Scottish economy that is looking bright. The Bank of Scotland’s latest Private Market Index report has revealed private sector companies reported further growth of output

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Glasgow-based temporary power firm Aggreko has said it expects trading to remain difficult for the rest of the year, with margins and returns likely to be lower. The firm said it is targeting £80m of cost savings after half-year results to 30 June revealed pre-tax profits had fallen 21 per cent to

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The pricing of two issues of contingent convertible bonds, or Cocos, has raised just under £2 billion to bolster Royal Bank of Scotland’s capital position. They will trade on the Irish stock exchange.

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