News

Annual UK house price growth slowed modestly to 12.1% in April, down from 14.3% in March, according to the latest Nationwide House Price Index.

Azets, the accountancy firm and specialist business advisor to SMEs, has announced the acquisition of Tait Walker, one of the largest independent accountants and business advisors in the North East. It marks the third UK acquisition in four months as Azets continues to deliver on its ambitious growt

While businesses in Scotland and across the UK saw signs of early financial distress plateauing in the first quarter of 2022, Ken Pattullo, who leads independent business rescue and recovery specialist Begbies Traynor in Scotland, is warning businesses to batten down the hatches in the face of globa

Business confidence in Scotland rose 11 points during April to 28%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported higher confidence in their own business prospects month-on-month, up 16 points at 34%. When taken alongside their op

Chivas Brothers, the Scotch Whisky business of Pernod Ricard, today announced a £88 million investment into Aberlour and Miltonduff, two of its strategic single malt distilleries.

After 35 years with the firm, EQ Accountants' managing partner, David Cameron, has taken a large step towards retirement accepting a part-time role as Consulting Partner with effect from 1 April 2022. Mr Cameron has successfully guided EQ as managing partner for nearly 20 years and moving forward he

The Financial Reporting Council (FRC) has made changes to its Publication Policies for the Audit Enforcement Procedure (AEP) and the Accountancy and Actuarial Schemes. The main change relates to the test to be applied, by the Conduct Committee, when considering whether to make an announcement regard

Scotland has seen a 164% increase in corporate insolvency numbers (liquidations and receiverships) in the fourth quarter of 2021-22, compared to the fourth quarter of 2020-21, at 240, against 91. According to the latest figures, the number of corporate insolvencies in Scotland stayed the same in Q4

Businesses operating in marine sectors in the Highlands and Islands have until 6 July to apply for funding to help make offshore production and transport green, clean and sustainable. Highlands and Islands Enterprise (HIE) is a partner in the multi-national GreenOffshoreTech project. The project aim

St Andrew’s business owners Glenn Malloy & Steve Davies have today announced the expansion of their popular retail offering in the St Andrews lifestyle store and cafe, Spoiled Life, with plans to open a new store on the horizon. The three-level store, established in February 2020, just as

Standard Life Investments Property Income Trust Limited (SLI), a company managed by abrdn, has posted its full annual results for the year ended 31 December 2021. The company reported financial resources of £50 million as at 31 December 2021 (2020: £55 million) available for investment t

Office take-up in Aberdeen in the first quarter of 2022 has already exceeded the total annual take-up for last year, with 195,905 sq ft of office deals completed in the first three months of the year, according to the latest research from Savills. By comparison, Savills says, the average Q1 tak

Confidence continues to return to Aberdeen’s industrial property market, after a strong first three months in 2022, according to analysis from Knight Frank. The independent commercial property consultancy found that 235,344 sq. ft. of industrial space was transacted during the first quarter of

The board of TSB has announced the permanent appointment of Robin Bulloch as CEO. Mr Bulloch has led TSB on an interim basis for the past four months, and prior to that was chief customer officer. He has a strong track record in retail banking spanning over four decades.

Financial mutual Scottish Friendly has reported record sales of £46.9 million for 2021, despite significant business and economic challenges. Total sales increased from £42m in 2020 to £46.9m in 2021. Sales of Scottish Friendly’s own-brand investment ISAs increased by 17% to