News

Thorntons has announced an increase in both turnover and profits following another successful year. The firm’s turnover increased by £3.7 million to £20m as the business continued to expand, while profits increased from £3.9m to £4m over the same period.

Tom Stocker The lifting of sanctions on Iran is good news for Scottish exporters and oil and gas service companies, but a legal expert has warned that with a US trade embargo still in place, Western banks may remain reluctant to support Iranian related businesses.

There is evidence that Aberdeen’s beleaguered oil and gas sector is further impacting a string of supporting sectors, according to new data from leading business rescue and recovery specialist Begbies Traynor. Across Scotland as a whole the quarterly ‘Red Flag Alert’ data shows an 11 per cent

Ken Milliken A dramatic fall in the amount lost to high-value fraud was recorded by Scottish firms last year, according to KPMG.

Plans have been unveiled to transform Glasgow’s Tontine Building into a high-tech space for up to 300 entrepreneurs in a £1.67 million project. Inspired by Google’s offices, the project is a key part of the £1.13 billion Glasgow and Clyde Valley City Deal and is expected to inject £53 million

Royal Bank of Scotland (RBS) has committed £1 billion of capital to support the development of thousands of new purpose-built private rental schemes across the UK. The still 73 per cent state-owned lender said that the funding, to take place over the next 12-18 months, is a sign of its recognition

Scottish workers are now being paid more on average than their colleagues in the rest of the UK, according to a new study. London-based think tank the Resolution Foundation has found that in 2014, for the first time, median Scottish pay rose above that in England, and by last year, there was a small

ESPC, the east central Scotland estate agency, has released its annual review of 2015, and a forecast for 2016. Looking back on the property market over the last year, 2015 proved to be more buoyant than previous years since the 2008 crash, despite experiencing uncertainties due to the effects of th

Edinburgh accountants Chiene + Tait have teamed up with Investing Women and Napier University’s Bright Red Triangle team to deliver the AccelerateHER programme – a pitching competition. The new competition invites female-led companies to pitch for £5,000 cash and other business support (includi

Glasgow-based Clydesdale Bank has today revealed the price range of its upcoming IPO to be 175-235p per share. The lender, currently owned by National Australia Bank (NAB), announced plans for a demerger and initial public offering last month.

The Court of Session has found in favour of Clydesdale Bank in a case over mis-sold SME loans, despite the bank admitting that the fixed-rate tailored business loan (TBL) in question was not suitable for the customer. Former Clydesdale business customer John Glare went to the Court of Session in 201

Curtis Banks Group, which employs 45 people in Dundee, has bought rival self-invested personal pension (SIPP) provider Suffolk Life Group for £45m from owner Legal & General. Curtis Banks said the acquisition will be funded by an underwritten placing of 8,437,500 new ordinary shares of 0.5p eac

Growth in business volumes picked up more strongly than expected in the three months to December 2015 and profitability continued to improve at a healthy pace, according to the latest CBI/PWC Financial Services Survey. The survey of 100 financial services firms reported that the overall level of bus

Phil Annand As a new year begins The Pensions Regulator (TPR) is preparing to process its largest volume of companies in the next stage of auto-enrolment.

Ross Martin A new report has called for the first Chief Digital Officer for Scotland to be appointed with responsibility to offer "high-profile, expert leadership" and "challenge across the Scottish Government and the public and private sectors on how digital transformation can meet Scotland’s key