News

The Financial Conduct Authority (FCA) has decided to fine Barclays a total of £50 million in relation to its failure to disclose certain arrangements agreed with Qatari entities as part of its capital raisings announced on 25 June 2008 and 31 October 2008 after finding conduct in the Octo

A former lighthouse building with a historic connection to author Robert Louis Stevenson has gone up for sale for £149,000. The Lighthouse Engine House is adjacent to Noss Head Lighthouse and was home to Alan Stevenson, the engineer who oversaw the construction the lighthouse in the 1800s &mda

Independent Scottish legal firm Lindsays has appointed a new director to its commercial property team. Bringing more than 20 years’ experience and a special interest in advising firms operating in the tourism, hospitality and retail sectors, Martin Bennett's arrival comes as demand for advice

The UK Supreme Court has allowed an appeal by HM Revenue and Customs against a decision of the Court of Session to allow for the recovery of historic input VAT by the NHS Lothian Health Board for private work undertaken between 1974 and 1997. NHS Lothian claimed unrecovered input tax in respect of p

The Court of Session has confirmed that courts will enforce any alternative dispute resolution (ADR) provisions which are written into contracts and will uphold the power and discretion of the decision makers in those processes, writes Steven Blane. Lord Lake’s opinion demonstrates that t

Construction is commencing on a new neighbourhood in St Andrews where 30% of homes will be affordable.  Savills Development completed on the sale of the 17 hectare site to David Wilson homes, just 1.5 miles to the south east of the historic town centre.

A business survey by the Scottish Chambers of Commerce (SCC), has shown the Scottish economy struggling against a growing whirlwind of pressures including increased input costs, inflationary hikes, mis-judged economic policy choices by the UK government and increased pessimism over the global econom

A director of three property management companies based in Glasgow has been disqualified as a director for 12 years after using his companies to take out Bounce Back Loans totalling £135,000 that the companies were not eligible for. Brendan Michael Gaughan, 40, was director of Gaughan Group Lt

A critical milestone has been reached in a £7.4m project to rebuild Shetland's world-renowned bird observatory on Fair Isle with the arrival of the first of the building's modules. The project, which is led by Fair Isle Bird Observatory Trust (FIBOT), will create seven new green jobs, hel

An auction house has sacked an expert who valued a Chinese vase at €2,000 — which went on to sell for nearly €8 million. The expert, who has not been named, told the French auction house that he believed that vase was from the 20th century and not an antique, The Guardian reports.

Aberdeen’s office market is on course to exceed 400,000 sq. ft. of take-up during 2022, despite take-up easing in the third quarter, according to Knight Frank. The independent commercial property consultancy said that 47,926 sq. ft. of office space was transacted in the Granite City between Ju

EY has announced its launch of a centre of excellence in Glasgow that will specifically hire neurodivergent individuals to fuel innovation in technology, bring a new dimension of creativity, and drive greater diversity, equity, and inclusion in the workplace. The Neuro-Diverse Centre of Excellence (

Non-bank lender White Oak provided over £125 million of funding to UK SMEs and mid-corporates in the third quarter of the year, it has announced. At 14%, Scotland saw the highest volume of lending activity outside of London (16%), narrowly ahead of the north-east of England (13%).

A collective value of £1.02 billion worth of unused smartphones has accumulated in consumer households in the last three years, according to new research from Deloitte, with consumers upgrading their handsets while leaving older devices in cupboards or drawers. Deloitte’s Digital Consume

Britain's biggest banks are expected to report profits of £33 billion when they reveal their third-quarter results next week. The figures from Lloyds Banking Group, NatWest Group, Barclays and HSBC are expected to show their combined profits rising from £25 billion in 2019 to £33 b