News

Occupier and investor demand for commercial property in Scotland fell further, according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor. The survey points to a weakening in the market as the prospect of further interest rate rises weigh heavily on the outlo

Real savings’ returns have plummeted to their lowest level since February 1976 due to the effects of rising inflation, new figures reveal. The study by Scottish Friendly and the Centre for Economics and Business Research (CEBR) reveals the real annual return on savings fell to -9.0% in July &n

New research has revealed that savers in the UK are prioritising short-term flexibility over locking their money away for the long-term, as the cost of living crisis forces people to change how they manage their finances. The study, by digital bank Chase, found that instant access to money without c

HSBC Group reported its 2022 Q3 results and subsequently announced the appointment of Georges Elhedery as group CFO and an executive director of the board as well as the appointment of Greg Guyett as chief executive of global banking and markets (GBM). Mr Guyett's appointment is effective

The chancellor, Jeremy Hunt, has announced that the government's fiscal statement will be delayed from October 31 to November 17. The new prime minister, Rishi Sunak, and chancellor agreed on the new date when they will set out a detailed plan to reduce debt and put in place a growth strategy for th

The founders of a Perth publishing firm have sold the company to their staff becoming completely employee owned and securing local jobs in the city.  Founded in 1991, Prepress Projects celebrated its 25th anniversary in 2016. It was then that the joint owners, wife Helen MacDonald and husb

A row has broken out over plans to build a new, bog-standard public toilet in San Francisco at a cost of $1.7 million (around £1.5 million). City councillors last week called a press conference to announce that Noe Valley, currently served only by a temporary portable toilet, would get a singl

Academics behind a new video games ecosystem project have given recommendations about how to address challenges holding back the Scottish videogame industry. The project, a joint endeavour between academics from the University of Glasgow and the University of Stirling, is aiming to create more succe

New data from the Accountant in Bankruptcy (AiB) has shown an increase in both corporate and personal insolvencies. Corporate insolvencies rose to 270 for Q2 2022-23 up from 221 for the same period last year, a significant increase of 28%. Likewise total personal insolvencies reached 2,069, a 7.7% y

A Scottish equipment hire company, Your Equipment Solutions (Y.E.S), has made the move to employee ownership after handing control of the business over to its team. The firm's 29 jobs are in secure hands as the majority of the shares have been placed into an Employee Ownership Trust (EOT).

The Sustainable Aquaculture Innovation Centre (SAIC) has opened a new funding round for collaborative innovation projects, helping the sector to continue with vital research and development as cost-of-living pressures rise. More than £500,000 will be split between successful project proposals

A near 1.7 million invoices were overdue the books of Scottish businesses in the last quarter, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows 1,696,445 invoices were overdue in Scotland in Q3 – an increase of

Profit warnings issued by UK-listed companies have reached their highest third-quarter total since 2008, according to EY-Parthenon’s latest Profit Warnings report. In total, 86 profit warnings were issued between July and September 2022, compared to 51 in the same period of 2021, an increase o

A manuscript containing a passage from Charles Darwin’s On the Origin of Species is set to be sold at auction. The manuscript, which is expected to sell for between £530,000 and £700,000, will go on sale in November, The Guardian reports. 

The organisation behind Scotcoin – Scotland’s first and only digital currency – has struck what is thought to be the first cryptocurrency sponsorship deal in Scottish rugby. Scotcoin is now a sponsor of Glasgow Hutchesons’ Aloysians (GHA) rugby union club. The Giffnock-based