News

Scotland’s employment level increased by 8,000 over the final quarter of 2016 to 2,611,000 and there are now 47,000 more people in employment compared to the pre-recession peak, according to latest official figures.

Derek Mackay Productivity in Scotland continued to outperform the UK during 2015, according to latest official data.

Peter Fraser Office take-up in Glasgow and Edinburgh’s out-of-town markets were well above the five-year quarterly average in the final quarter of 2016, according to new figures released today.

Gordon Lindhurst The Scottish Parliament’s Economy, Fair Work and Jobs Committee has launched its inquiry into the impact of equal pay after it was revealed it may take 69 years to close.

Almost nine out of 10 Scottish homeowners think their house value has increased since they bought it by an average of £27,542, according to new research.

Liz Cameron Inflation in the UK has reached a two-and-a-half year high, primarily driven by the rising price of fuel.

A return of optimism amongst both buyers and sells in the Aberdeen property market has been reported by major estate agent, despite the political uncertainties and market pressures witnessed throughout 2016.

Ian Donaldson Edinburgh-based tax specialist Jumpstart has urged firms in Scotland to seize the opportunities arising from decommissioning in the North Sea.

Toby Withall By Toby Withall, Office Agency Partner, Knight Frank Edinburgh

Legal firm Pinsent Masons has joined with the British Banking Association to clear hurdles to the banking industry’s widespread adoption of cloud technology.

The average price of a house in Scotland in December 2016 was £141,553 – an increase of 3.5 per cent on the previous year and a decrease of 0.2 per cent when compared to the previous month, according to the latest figures from Registers of Scotland.

Edinburgh-based global asset manager Standard Life Investments has teamed up with Challenger, a leader in retirement incomes in Australia to launch a new Global Bond product aimed at the retail retirement market.

The aggregate total wealth of private households in Scotland has increased to £856.6 billion but the wealthiest 1 per cent of Scots now own more wealth than the bottom 50 per cent of households combined.

The beleaguered Co-op Bank has put itself put up for sale four years after it almost collapsed and was bailed out by US hedge funds.

The pension scheme which controls the pension pots of thousands of professors and lecturers has provisionally agreed to buy a minority stake in the Edinburgh-based Green Investment Bank alongside Australian investor Macquarie, according to reports.