News

A new independent energy supply company, the first in the UK operating on a non-profit distributing basis, plans to be selling heat and power to tenants in 200,000 homes across Scotland by 2020. Our Power Energy, a subsidiary of Our Power Community Benefit Society, has been founded by 35 member orga

Homecoming 2014 generated £136m for Scottish economy Scotland's Year of Homecoming in 2014 attracted 326,000 visitors and generated £136m for the economy, according to research.

Roadside recovery business the AA plc has joined forces with the Bank of Ireland UK to offer a range of financial services products to UK consumers. The AA-branded products for the bank, which is a wholly owned subsidiary of Dublin-headquartered Bank of Ireland, will include credit cards, loans, cas

Alison McGregor Results of a new survey conducted by HSBC has revealed that half of Scotland’s small and medium-sized enterprises (SMEs) intend to increase the size of their workforce over the next year.

David Hoey David Hoey, a partner and accredited employment law specialist with bto solicitors, has been appointed as the Chairman of the Institute of Directors for Glasgow and the West of Scotland.

PwC is to lose the audit of Scottish temporary power provider Aggreko next year when it will be replaced by big four rival KPMG. The move ends a 18 years of PwC handling the £1.1m account.

Edinburgh-based insurance firm Aegon UK has revealed that four fifths of requests it receives for overseas pension transfers are in fact scams aimed at defrauding savers out of their pension. Since the start of the year the insurer says it has prevented the fraudulent transfer of around 80 per cent

Gordon Greig Aegon UK customer innovation director at Gordon Greig is leaving the Edinburgh-based insurer to join rivals Royal London.

The number of households in Scotland has continued to increase, according to figures based on a publication released by National Records of Scotland (NRS). ‘Estimates of Households and Dwellings in Scotland, 2014’, found that there were a record 2.42 million households in 2014, up 0.8 per cent s

Iain Roberston The number of Scots companies, communities, farms and landowners making their own electricity has risen by more than 50 per cent in the last year.

John Cairns John Cairns is a tax partner at French Duncan Chartered Accountants

Sir Mike Rake Barclays deputy chairman Sir Mike Rake is reportedly planning to step down just a week after the bank’s chief executive was fired.

An energy company has won the right to pursue a £130 million claim against contractors after a tunnel collapse hit the operation of a new hydro scheme, according to the BBC. SSE Generation launched the compensation claim following problems at its Glendoe site near Fort Augustus.

US-based financial services firm BTIG has announced that it is to open its second European office in Edinburgh. The company, which specialises in institutional trading, investment banking and research, cited a concentration of expertise in areas such as fund management and asset servicing within the

Cyber risk tops the list of concerns for UK insurers, according to the annual ‘Banana Skins’ survey of perceived risks to the sector by the Centre for the Study of Financial Innovation (CSFI) and PwC. The UK insurance industry shares the global concern about burgeoning regulation, particularly i