News

Investors poured over £450 million into retail properties in Glasgow last year, despite the cost-of-living crisis, record low consumer confidence and hybrid working affecting city centre footfall, according to CoStar Group.

Shell has announced that it will face a $2 billion (£1.7bn) liability in the fourth quarter of this year due to windfall tax measures in the UK and EU.

Duncan Raggett of AAB and Seamas Keating of FPM Accountants Limited, an AAB Group company, were appointed joint administrators of ODx Innovations Limited on 19 December 2022, by the directors of the company. ODx is a medical technology company based in Inverness focused on transforming the speed at

Iain Lanaghan has been appointed lead non-executive director (NED) to the Supreme Court of the United Kingdom (UKSC). His appointment is one of two new UKSC NEDs appointments for a three year term from 1 January 2023. It comes as Kathryn Cearns stands down after five years as a NED and cha

The biggest farmers' association in Italy has condemned the use of mafia terms to sell food and drink around the world — including a machine gun-shaped bottle of whisky produced in Scotland. Coldiretti found that some 300 restaurants are mafia-themed, among them El Padrino in Spain, Don Corleo

In November, UK credit card borrowing reached its highest level since 2004 as pressure mounts on households from rising living costs.

CFOs see bank borrowing and debt issuance as less attractive sources of finance now than at any time since the financial crisis, according to Deloitte’s UK CFO Survey, Q4 2022. As a result of this demand for credit is well below average levels and flagging with CFOs, with only 28% saying they

Despite challenging economic forecasts, the majority of Scottish businesses expect 2023 to be more successful than 2022, according to the latest Bank of Scotland survey.

Sixco Limited, the Glasgow-based group behind the Six by Nico restaurant network, has revealed improved turnover and profits, together with ambitious growth plans, as it bounces back from Covid restrictions. The group, which serves over 10,000 diners per week across 13 sites in the UK and Ireland, r

Shetland Islands Council has announced it has appointed Paul Fraser as head of finance. Mr Fraser will join the Council from 9th January, taking up the post most recently held by Jamie Manson, who took on the role of finance director at Highlands and Islands Airports Ltd late last year.

The British Business Bank (BBB) has announced plans to launch a £150 million investment fund this summer, aimed at driving the growth of small and medium-sized businesses in Scotland. The Investment Fund for Scotland is one of a series of nations and regions investment funds being launched by

AAB Wealth, part of the AAB Group, has acquired Kilkee Financial Services Ltd (Kilkee), based in Aberdeen. Founded in 2002 by Geoffrey Purcell, Kilkee has over 100 clients in Aberdeen and offers professional advice to families and individuals regarding their financial future. The transacti

Accountancy firm Azets has appointed SME and owner managed business specialist Xanthe Tremain as a new partner in the accounts and business advisory services (ABAS) team. The firm's ABAS team oversees the technology-led delivery of all compliance services such as year-end accounts, VAT returns, mana

It seems that the shift towards a cashless society has brought about an unexpected but perhaps obvious benefit in Denmark, where bank robberies have fallen to zero. According to Finans Danmark, an industry association, the decline in physical currency usage has led many Danish banks to stop offering

Growth strategist Craig Alexander Rattray has launched an initiative to help construction business owners build for the future. The Glasgow-based cash flow expert will deliver a series of ‘Know Your Numbers’ masterminds, tailored specifically for business owners in the sector.