News

It has been projected that the escalating cost of borrowing could impose a significant refinancing burden of £20-25 billion on UK Plc over the next three years, according to data analysed by EY. The analysis has found that the cost of debt financing has increased, on average, by 3 to 6 pe

HMRC has garnered £1 billion in additional revenue through investigations into underpaid landfill tax over the past five years, with a £281 million collected in the last year alone, according to law firm Pinsent Masons. Landfill tax is imposed on waste disposed of in landfill and is desi

Barclays UK has sealed a deal to acquire Edinburgh-headquartered Tesco Bank's retail banking business for an initial £600 million.

The latest Royal Bank of Scotland Purchasing Managers' Index (PMI) has reported positive signs for the Scottish private sector, indicating a rebound in business activity at the beginning of the year. With a notable increase from 49.4 in December to 51.7, the index highlighted the first expansion in

Alba Bank has announced a leadership change as CEO Rod Ashley steps down after six years in post. Jonathan Thompson will assume the role of acting CEO to lead the business over the next critical phase, bringing with him extensive start-up and SME banking experience.

Johnston Carmichael has expanded its audit team with the appointment of Matt Kaye as new audit partner. Mr Kaye joins from a Big Four audit team, bringing nearly two decades of extensive experience advising large owner managed business clients across a variety of sectors and leading key client

Neighbours living next to a dilapidated house in Birmingham have revealed their shock at it being listed on the market.

Blackadders LLP has boosted its Aberdeen residential property team by recruiting Claire Ogston as its new director. Ms Ogston has more than 17 years’ experience in residential property and is an expert in the Aberdeen market having been born, raised and educated in the city. She is joining Bla

Award-winning Aberdeen entrepreneur Andrew Smith has recently launched his latest venture, KLT Networking, aimed at empowering companies and individuals to enhance their business-winning capabilities. Previously the owner of Aberdeen Business Network (ABN) for 14 years, Mr Smith successful

A police officer who sold his trousers online for a miserly sum has been demoted. Owen Hurley, an inspector with Hertfordshire Police, sold his police-issue trousers on Vinted for £4, the BBC reports.

Edinburgh-based Steedman Accountants has announced its upcoming charity ball on 15 February.

Deloitte is set to cut approximately 100 jobs in response to the sluggish corporate dealmaking environment. The decision stems from a comprehensive review, leading to considerations for restructuring its advisory corporate finance business. The restructuring will concentrate on larger, sector-focuse

Scottish glass and aluminium specialist Cube Glass has boosted its revenues by well in excess of £1 million as well as developing lucrative new international partnerships. The Cumbernauld-based tech pioneer has pushed its turnover to a record £4.5m in the year to October 2023, up from &p

The start of 2024 has experienced a drop in recruitment activity across Scotland, as signalled by the latest Royal Bank of Scotland Report on Jobs survey. Both permanent staff placements and temp billings fell sharply in January, with the latter posting the first decline in three months. Subdue

DWF has appointed Jonathan Kirkwood as a new corporate partner in Edinburgh. With over 24 years of expertise in corporate law, Mr Kirkwood joins DWF as a corporate partner after nearly 15 years at Pinsent Masons.