News

Edinburgh-based challenger bank Virgin Money has reported a 34 per cent jump in lending in the first quarter of the year as it continued to increase its share of the mortgage market. The lender’s latest data for the first three months of the year showed that the group captured an estimated 3.6 per

George Osborne Chancellor George Osborne may be set to sell-off 81 per cent state-owned Royal Bank of Scotland this year, even if it means the UK taxpayer taxing a hit on the deal.

The Bank of Scotland’s latest PMI survey data has indicated a return to growth for Scottish business activity during April. The seasonally-adjusted headline Bank of Scotland PMI – a single-figure measure of the month-on-month change in combined manufacturing and services output – improved to 5

UK house prices rose 1.6 per cent last month, according to the latest survey from the Halifax. The bank also recorded an annual rate of increase rising slightly to 8.5 per cent.

The Law Society of Scotland’s financial benchmarking report shows improving fortunes for smaller law firms. The annual survey of law firms’ financial performance in 2013-14 has shown an overall increase from £64,000 to £69,000 in profits per equity partners. (Profits per equity partner are bef

Alastair Rae Scottish hotel revenue and occupancy rose slightly in February despite a slip in Aberdeen, according to the latest report by accountants and business advisers BDO.

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

David Melhuish The value of commercial property sales in Scotland dropped by a third in the first quarter of 2015.

Douglas Robertson New car sales in Scotland dipped three per cent in last month ending more than two years of near continuous growth, according to latest figures from the Society of Motor Manufacturers and Traders (SMMT).

Katherine Garret-Cox Alliance Trust’s chief executive Katherine Garrett-Cox could scoop £2 million worth of shares under the Dundee firm’s new long-term incentive scheme.

Mike Quinton The number of new homes registered in Scotland has increased by 15 per cent over the previous year, an industry body has reported.

Bakery giant Finsbury Food Group has today announced the proposed acquisition of Glasgow-based Johnstone’s Just Desserts (Johnstone’s), from administrators FRP Advisory. The firm, which bought Fletchers Group of Bakeries last year, said that the purchase of Johnstone’s would escalate the compa

A poll carried out by Business for Scotland has found overwhelming levels of support amongst SME business owners for paying the Living Wage. A survey carried out by the organisation generated 200 responses from employers within the Business for Scotland membership (almost 4,000) and found overwhelmi

Almost 100 new homes are to be built in the Falkirk area in a move that will provide an income for the local authority’s pension fund. Members of Falkirk Council’s executive committee agreed to bring forward an Affordable Housing Grant to help fund new developments.

Mike Welch French tyre giant Michelin has bought the Edinburgh-based internet tyre sales company Blackcircles.com for £50 million.