News

The average selling price of two bedroom flats in the Edinburgh seaside areas of Portobello and Joppa has soared by 38.3 per cent over the last three months, according to the latest analysis from ESPC. The headline statistic comes from the estate agent’s latest house price report covering the peri

Another week and its another legal action for RBS. It has now emerged that the 73 per cent state owned bank is being sued for £145 million by liquidators at Grant Thornton acting for the creditors of a number of fraudulent companies engaged in a VAT carousel fraud in which carbon credits were being

The continuing slump in oil prices could see almost one in three of the UK’s oil and gas firms planning more new job cuts, a new survey has found. The latest Bank of Scotland report on the oil industry has found that around 32 per cent of companies are planning further job cuts as the sector downt

Dougie Adams The EY Scottish ITEM Club has forecast growth in Scotland coming to a virtual standstill as a result of the oil price slump.

Johnston Carmichael has announced six promotions within its leadership team, as part of the Chartered Accountants and Business Advisers’ growth strategy across Scotland. David Ward and Toby Rintoul of the Edinburgh office, Jennifer Cormack of Huntly, Louise Peters of Forfar and Richard Britten of

Business advisory firm Deloitte has continued its investment in Scotland with the appointment of three new partners and six directors across its three offices in Edinburgh, Glasgow and Aberdeen. Chris Hunter, Matt Smith and Michael Magnay are among Deloitte UK’s 80 new partners, in the firm’s la

Blair Milne Independent accountancy firm, Campbell Dallas, has appointed Blair Milne as a new Partner in the firm’s Business Recovery and Insolvency Practice.

David Stewart Scottish independence is not a priority for UK property investment in Scotland as long as yield outperforms other regions, according to new research by solicitors Morton Fraser.

The Scottish Salmon Company PLC has announced new banking arrangements with Bank of Scotland. The move marks the first time a salmon farming company has used a Scottish bank to deliver full banking and ancillary services. The £55 million refinancing agreement is seen as a major milestone in the Edi

The Rothschild family's RIT fund is likely to face rival challenges in its merger bid with the Dundee-based Alliance Trust, city analysts have predicted. Stephen Peters, investment trust expert at wealth manager Charles Stanley, told the Financial Times: "We should expect more proposals. Two billion

Martin Gill Business outputs and optimism about future growth have fallen as companies are uncertain of the current economic direction in Scotland, according to the latest "Business Trends Report" by accountants and business advisers BDO LLP.

Veterans whose military careers have been ended through injury are given the opportunity to rebuild their lives with a charity that has been awarded £18,000 from Aberdeen Asset Management’s Charitable Foundation. The aviation charity, Wings for Warriors, encourages ex-service personnel to overcom

US authorities have refused a tax re-claim from a former Manchester United Owner, on a bill arising from £17.4 million winnings from a 72 hour backgammon game. JP McManus claimed that paying a small amount of ‘domicile levy’ in Ireland exempts him from $5.2m of tax taken by US authorities, The

Peter Vardy Peter Vardy Group, the fast-growing Scotland-wide automotive retail business, celebrates its tenth birthday this year and is set to transfer over £5 million of ownership to its 800 colleagues as part of its Partnership Share Scheme.

RBS is to face another major legal action over the alleged mis-selling of interest rate swaps at a time when bosses are said to have known of Libor-rigging. The state-owned bank denies the accusations made by Stuart Wall, head of student accommodation company Opal Property, until it collapsed in 201