News

Virgin Money, owner of Glasgow-based Clydesdale Bank, has posted its interim results for 2021, revealing a return to statutory profit, with underlying profit more than doubling year-on-year to £245 million. This compares to the £120m reported in the first half of 2020.

Harris-based family business Norserv Facilities Management has expanded to encourage more people to visit the island and boost the local economy thanks to a £90,000 funding package from Bank of Scotland.

Business activity has risen in Scotland as the wider economy continues to reopen, according to Addleshaw Goddard's latest Scottish Business Monitor report. The report, published in partnership with the University of Strathclyde’s Fraser of Allander Institute, confirms that business sentim

It was inevitable that the impact of the global pandemic on the world’s economy would once again throw a spotlight on the revenue-raising potential of inheritance and gift taxes, writes Lindsay Bryce Mackay, an associate at Gillespie Macandrew. The Organisation for Economic Cooperation an

Glasgow-based connectivity start-up R3-IoT is gearing up for international expansion after closing a £3.1 million seed investment round led by US-based venture capital firm Space Capital, joined by the Scottish National Investment Bank. Other investors include the University of Strathclyde, al

Specialist real estate development finance provider Maslow Capital has announced the completion of a £20 million development facility for Audley Modular Student Living’s 257-unit PBSA scheme in Edinburgh.

New figures reveal hope for the Aberdeen property market as confidence and activity is back to the pre-downturn level. The Aberdeen Solicitors' Property Centre (ASPC) has published a new report showing that after five years of steep decline, annual house prices have now risen 3.2% across Aberdeen an

Tesco Bank has confirmed all Tesco Bank Personal Current Accounts will close from Tuesday 30 November 2021. Tesco Bank’s Current Account was closed to new business in December 2019 and will now also close for existing customers.

Ava Innes, the brand launched by Elgin-based Bespoke Fabrics Ltd (BFL), is set to expand after securing a patent for its sustainable bedding. BFL secured £100,000 investment from Highlands and Islands Enterprise (HIE) in 2019. Its Ava Innes range of luxury duvet and pillow products are UK-made

Soaring demand for houses in the UK will last well into next year as buyers continue to search for more room after the coronavirus pandemic, according to property firm Zoopla.

A delegation of Scottish SMEs have joined a pioneering trade mission to South America as businesses look to new markets in the wake of Brexit. The International Trade Partnership (ITP) mission to Colombia – led by Inverclyde Chamber of Commerce (ICC) – is aimed at forging new trade links

Lawyers are debating how to deal with a German man who had an anti-aircraft gun, torpedo – and a tank – in his basement.

Alistair McAlinden and Blair Nimmo of Interpath Advisory have been appointed joint interim liquidators of Edinburgh-based JAD Joinery Limited. Founded in 2002, JAD Joinery is a multi-accredited construction and interior fit-out contractor providing turnkey solutions.

One third of audits inspected by the Financial Reporting Council (FRC) still require improvement, according to the latest Annual Audit Quality Inspection Results. In total, 29% of the 103 audits reviewed by the accountancy regulator were found to require improvement or significant improvement. The f

Professional services firm Begbies Traynor has appointed personal insolvency specialist David Tannock as a manager based at its Glasgow office. With more than 18 years’ experience in the insolvency sector, Mr Tannock joins from an accountancy and business advisory services firm in Glasgow wher