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Rental payments based on takings may become more common as retailers adapt to the changing high street in today's challenging economy, a lawyer has suggested. Martin Bennett, a director in Scottish legal firm Lindsays' commercial property team, says the option is one available in negotiations as sho

PwC’s annual Festive Predictions report published today, paints a challenging picture for retailers and hospitality operators in the critical run-up to Christmas, as consumers say they will rein in their spending on gifts and celebrations this year. Following last minute cancellations of parti

Retirement plans are set to be heavily impacted by government proposals to push the state pension age to 68 earlier than planned. The state pension age was originally planned to increase to 67 by 2028 and then 68 by 2039, however, ministers have suggested an overhaul to the age at which pensioners r

Loganair, which recently celebrated its 60th anniversary, has been named Regional Airline of the Year at the 2022 CAPA Aviation Awards for Excellence. The CAPA awards are renowned as being among the industry’s most prestigious industry accolades. Regional Airline of the Year is awarded to the

The Payment Systems Regulator (PSR) has fined Barclays £8.4 million for failing to comply with the Interchange Fee Regulation (IFR) because it did not provide retailers with full information about the costs of card services it supplied. The PSR has taken action as it found that the bank did no

Independent business advisory and accountancy firm Johnston Carmichael has appointed Aileen Scott as a new corporate tax partner to further the firm's growth plans. Ms Scott, who is based in the Glasgow office but will be working nationally, will enhance existing capability within Johnston Carmichae

South Africa's president has claimed that he hid at least hundreds of thousands of dollars in his sofa because it seemed "the safest place" to store it.

Shepherd Chartered Surveyors has announced the promotion of three surveyors across its residential and commercial operations in Aberdeen. To reflect recent growth and deliver on succession planning, the partnership has promoted residential surveyors Andrew Sinclair and Steven Wilson together with co

The chief statistician has released statistics showing that the Scottish economy fell by 0.2% during the third quarter of 2022, covering the period July to September. Monthly statistics also show that GDP is estimated to have contracted by 0.6% in September, with decreases across the construction an

Scottish carbon negative distillery, BrewDog Distilling Co, has announced their first whisky cask sale. Going live this month, the maverick spirits company steps up their whisky innovation programme, with the chance to own a cask of their inaugural single malt and single grain whisky, from the newly

Thomson Cooper Accountants have appointed Steven Sim to their senior leadership team.  Mr Sim, who is based in the firm's Edinburgh office, will take up the position of associate. After qualifying as a Chartered Accountant in 2013, he spent 7 years working in practice before joining the firm in

Addleshaw Goddard has announced partner Alan Shanks as its new head of Scotland. Mr Shanks, who currently heads the firm's finance & projects team north of the border with a focus on the transactions in the energy sector, takes over leadership of Addleshaw Goddard's Scottish operations from fell

A funding round for Edinburgh-based Sofant Technologies has been joined by international holding company NetScientific plc, taking the total joint investment round to £4.2 million. The round is being led by NetScientific subsidary EMV Capital Ltd alongside Scottish Enterprise, Kelvin Capital L

Scottish Climate Tech spinout, CCU International, has announced the first funding round to commercialise its patented carbon capture and utilisation (CCU) system which will enable capturing and utilising CO2 for emitters of all sizes — from small to very large industrials. Commencing 5 De

BDO has reported an 11% increase in revenues to £809 million for the financial year 2021/22 with growth across all three of its service lines of audit, tax and advisory. Announcing its results, BDO cited the reasons for growth as being the resilience of its core market of entrepreneurial, high