News

Ken Browne The man in charge of Scotland’s flagship Nissan dealership says it has recorded a 50 per cent increase in sales since the new multi-million pound showroom was launched a year ago.

Carrington Dean has secured a four-year contract with the Accountant in Bankruptcy (AiB), the executive agency of the Scottish Government responsible for administering the process of personal bankruptcy, the Debt Arrangement Scheme and recording corporate insolvencies. The agreement will see the Gla

Reports have surfaced over the weekend that claim the UK government is planning a second sale of shares in Royal Bank of Scotland to be carried out by the end of this year. According to the Mail on Sunday, sources in the government have said a 10 per cent placing could be made as early as December,

Latest data released today by Clydesdale Bank’s Australian parent company has revealed the Glasgow-based bank will this year set aside as much as £500 million to compensate customers over various misselling scandals. The news comes just months after Clydesdale was fined £20.7 million by the Fina

Law firm Pagan Osborne has announced that Ian Fraser, one of its commercial and business services partners, has become a director and shareholder in the company. Mr Fraser, who is based in Edinburgh, joined the company in 2004 and has extensive experience in commercial property sales and purchases,

Caroline Levesque-Bartlett Nobody in Scotland has faced jail for failure to pay their TV license in at least half a decade, according to figures obtained under the Freedom of Information Act 2002.

The Greater Manchester Loan Fund, which is managed by Scottish firm Maven Capital Partners, has today announced a £500,000 investment in Rekoop Limited, a specialist provider of time capture software used by law firms in over 40 countries. Established in 2010, Rekoop provides cloud-based software s

Scotland’s small and medium-sized businesses believe the economy is in better shape today than before the recession, with investment levels growing as a result, according to new research by Clydesdale Bank. The new survey reveals SMEs intend to invest, on average, seven per cent of their annual tu

Cat MacLean An English court judgement could pave the way for Scottish companies to win more compensation from banks who mis-sold interest rate hedging products (IRHPs), law firm MBM Commercial has said.

Aberdeen-based accountancy firm Hall Morrice has announced a record number of graduates recruitments.

While this summer’s weather has left the country largely underwhelmed, two separate reports published today have described a Scottish economy that is looking bright. The Bank of Scotland’s latest Private Market Index report has revealed private sector companies reported further growth of output

Glasgow-based temporary power firm Aggreko has said it expects trading to remain difficult for the rest of the year, with margins and returns likely to be lower. The firm said it is targeting £80m of cost savings after half-year results to 30 June revealed pre-tax profits had fallen 21 per cent to

The pricing of two issues of contingent convertible bonds, or Cocos, has raised just under £2 billion to bolster Royal Bank of Scotland’s capital position. They will trade on the Irish stock exchange.

Scottish Equity Partners (SEP) has completed investments totalling £99 million during the first half of 2015. Funds under management at the firm, which has 40 partners and employees across its Glasgow, Edinburgh and London offices, now exceed $1 billion with further growth expected through to 2016.

Seasonal factors have been cited by motor industry bosses as the cause of a reversal in Scottish car sales last month. Latest data from the industry showed a 5.8 per cent year-on-year fall in new car registrations north of the Border.