News

The number of properties on the market is at its lowest level for many years, according to the Halifax. The news came as the lender also revealed that UK house prices edged lower in May.

Department store chain John Lewis has ditched accountants PwC. The retail partnership, which owns Waitrose food stores in addition to its John Lewis outlets, has selected KPMG for the role, in line with a newly adopted policy of putting its audit out to tender every five years.

Accountants Baker Tilly have made two senior appointments at their consulting practice in Scotland. George Walker joins the firm’s technology consulting team as associate director while Dougie Graham, also associate director, will be part of the firm’s business consulting team.

Latest research has revealed that the number of female bosses in the asset management industry has not moved over the past year. The number of female fund managers currently stands at just 7 per cent, just as it did in 2014, according to analysis by Tilney Bestinvest.

Nearly four out of 10 UK homes were sold during the first three months of 2015 were bough with cash, according to the UK’s second biggest mortgage lender. The figure for homes bought without a mortgage represents a record high, the Nationwide building society said.

Martin Gilbert Aberdeen Asset Management chief executive Martin Gilbert has said that he harbours no worries for his business in the case of a British exit from the EU.

The Phoenicia Hazledene Investment Management, part of the Edinburgh-based hotel and property development group, Hazledene, has today announced a £11 million restoration and refurbishment of Malta’s grandest hotel.

Plans for a £1 billion City Deal involving six local authorities has moved a step closer following a £275,000 investment by Fife Council. The council is working with five other local authorities on the City Deal plan which could generate millions of pounds of investment and grow local economies.

Stuart Gulliver HSBC, Britain’s biggest bank, is to announce plans to cut 20,000 jobs globally.

Edinburgh-based wealth manager Standard Life Investments has announced plans to rename 10 funds taken on as part of its acquisition of Ignis last year. Under the plans, which are part of an initiative of integration, the funds will retain the word Ignis in their titles but will now include the suffi

A 16 per cent increase in private-led new build homes has accounted for a large proportion of a continued rise in housing completions across the country. Housing statistics released today show the Scottish Government shows a total of 12,188 private-led new build homes were completed in the year to e

Glasgow City Council has revealed details of the range of projects to benefit from its share of a £1.13 billion City Deal over the next 10 years. The work, which will result in £400 million being spent in Glasgow, will include a new bridge, cycle routes, improved roads and pavements and the creati

Richard Cockburn Commercial lawyers Bond Dickinson have announced seven per cent growth for the business, buoyed by continuing activity for its Aberdeen office.

Scottish engineering dips again The Scottish engineering sector has suffered falls in output and order intake for a second consecutive quarter, with the troubles of the oil and gas industry weighing on activity.

Douglas McDougal Investment group Scottish Investment Trust has announced that its net asset value per share total return in the first half of the year fell just short of 10 per cent.