News

The Financial Conduct Authority (FCA) has published proposals for a compensation scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out of the fund. The FCA has found that almost half (46%) of the advice it reviewed relating to BSPS was un

abrdn has raised £205 million from the launch of its new Commercial Real Estate Debt fund II (CRED II), an evergreen, UK-focused strategy for institutional investors. CRED II is designed to generate attractive levels of income by investing in a diversified portfolio of predominantly senior, in

Aberdeen-based OSSO, the specialist fluid temperature control and separation solutions provider, has announced its strategic expansion into the construction market with the opening of its new operating facility in Warwickshire and launch of new specialist products for the sector.

A person pursuing a debt can, in certain circumstances, put in place protective measures in order to avoid the possibility of the debtor being unable to meet any eventual order granted by the courts, law firm Lindsays has highlighted. These measures can restrict what the debtor can do with certain a

The board of John Menzies has recommended that shareholders accept a £571 million offer from Kuwait company National Aviation Services (NAS).

Businesses linked to tax havens have more than doubled the number of land and property they own in Scotland over the last four years. According to new figures published by Registers of Scotland, there has been an exponential growth in ownership among firms registered in places including Jersey, the

Scotgold Resources, the gold exploration and production company focused on Scotland, has signalled its ambitions for further growth as the firm posted revenues of £3.65 million for the six months to 31 December 2021. The firm, which has been focused on the Conoish mine in Tyndrum, reported no

Edinburgh-headquartered Rhizocore Technologies, a company behind innovation to create healthy forest ecosystems which support successful tree-planting has secured £370,000 in equity investment. Rhizocore Technologies produces locally-adapted mycorrhizal fungi to enhance tree-planting projects,

The British Museum is facing legal action after refusing to allow 3D scanning of part of the famous Parthenon Marbles. The Institute of Digital Archaeology (IDA), which wants to use technology to create a replica of the collection as a possible solution to the drawn-out international dispute over th

Business rates for retailers as well as hospitality and leisure premises in Scotland are being reinstated from tomorrow, at a rate which has been labelled by the Scottish Retail Consortium (SRC) as an "onerous" 23-year high.

Lar Housing Trust has appointed Alana Durnin as director of finance to help drive growth at the Dunfermline-based housing charity and its two subsidiary companies. She joins Lar from Oak Tree and Cloch Housing Association where she also held the role of Finance Director.

The annual National Economic Forum will take place in Edinburgh later today, First Minister Nicola Sturgeon and economy secretary Kate Forbes will engage with a range of entrepreneurs, business experts, stakeholders and economists on the Scottish Government’s ambitious economic plans.

HSP Investment Partners (HSP) has acquired a new majority stake in Edinburgh-based financial services company Nucleus Financial Group for an undisclosed sum. Existing shareholder Epiris is retaining a significant minority stake, despite the acquisition.

Shares in Barclays dropped by 2.4% to 156.5 pence per share after one of the bank's biggest shareholders sold a stake worth around £900 million. The unidentified investor offloaded a stake of about 3.6% within a day of Barclays revealing a multi-billion-pound error that has been labelled by an

Ogilvie Construction has opened a new office in Aberdeen as part of a programme of investment to continue to grow its business in the north east of Scotland.