News

Tom MacLennan and Iain Fraser, partners with FRP Advisory and joint administrators of McClure Naismith LLP, have revealed that the firm's creditors are unlikely to be paid more than a small dividend as its affairs are settled. The pair also announced jobs have been secured for nearly 70 per cent of

Professional services firm KPMG has said rampant over-billing in the North Sea oil and gas sector should be tackled by firms trying to cut costs. KMPG reportedly audited more than 10,000 contracts and found as many as 70 per cent of them were not complied with, leading to frequent over-billing betwe

Roseanna Cunningham Fewer days have been lost to industrial disputes in Scotland than anywhere else in the UK, according to the Scottish Government.

Revenue Scotland chair Dr Keith Nicholson The Scottish Government is searching for a new chief executive to head up Revenue Scotland, the body responsible for collecting devolved taxes like the Land and Buildings Transaction Tax.

Vaughan Hart, managing director of the Scottish Building Federation There was a 20 per cent increase in output from the Scottish construction industry over the past year, according to new figures published by the Office of National Statistics.

The Royal Bank of Scotland (RBS) has recruited expert investment bankers from Bank of America Merrill Lynch to help prepare the stock market flotation of Williams and Glyn. The spin-off bank is expected to be sold for £1.5 billion next year.

Peter Young, director at IPIM Maven Capital Partners has increased its stake in the UK student housing market by undertaking a major property development in Edinburgh.

Lloyd Cochrane, head of mortgages and protection for RBS and NatWest The Royal Bank of Scotland (RBS) and NatWest will begin offering interest-only mortgages to its wealthiest customers again later this month, the banks announced this week.

Steve Murray, Standard Life's managing director of advice and strategy Standard Life claimed four accolades at an awards ceremony sponsored by Scottish Business Insider on Wednesday night.

Andrew Hewett Business confidence in Scotland has risen over the past year, but remains the lowest in the UK, according to a new report compiled by ICAEW/Grant Thornton.

The European Court of Justice has ruled that time spent travelling to and from first and last appointments by workers without a fixed office should be regarded as working time. The judgment, which takes effect immediately, has been welcomed by trade unions but criticised by business groups who fear

Brendan Doyle, chief executive of CMS Payments Intelligence The chief executive of CMS Payments Intelligence has claimed that UK banks and retailers face costs of up to £236 million to ensure they can accept and process polymer banknotes.

Sarah Deaves, private banking director at Lloyds Bank The average annual fee for private schooling in Scotland stands at £10,773, up 19 per cent from £9,048 in 2010, according to new analysis from Lloyds Bank.

Paul White, business development manager at Glasgow Airport Direct flights between Glasgow Airport and the Lithuanian capital of Vilnius will begin this month, low-cost airline Wizz Air has announced.

Chris Endsor Miller Homes became the third UK housebuilder to issue a positive trading update after it reported a 32 per cent growth in turnover.