News

Businesses in Scotland have seen a marked increase in levels of businesses experiencing advanced financial distress in the third quarter of 2021 compared to the previous quarter as the pressures of the pandemic took their toll following two years of restrictions and lockdowns. The latest Red Flag Al

Scotland’s development agency for the Highlands and Islands has published its annual report and accounts for the year 2020-2021. The report shows that Highlands and Islands Enterprise (HIE) activity was dominated by its response to the pandemic, both in supporting hard-hit businesses and commu

Dundee-based wholesaler and convenience retailer CJ Lang & Son has reported an increase in pre-tax profits to £3 million in 2020/21 as it continues to implement its strategy for growth. Turnover grew to £212.5m, up 9.4% on the previous year, against the backdrop of the coronavirus pa

A filling station in the Highlands is charging 184.9p for a litre of diesel, believed to be the highest price in Great Britain. The Cluanie Inn on the A887 is also selling unleaded petrol for 165p a litre, according to The Times.

China has restricted smaller cities in the country from building "super high-rise buildings", as part of a larger bid to crack down on vanity projects.

Edinburgh-headquartered private bank Hampden & Co has appointed Angus Macpherson to its board as a non-executive director. Mr Macpherson, who is the CEO of investment bank Noble & Co, also based in Edinburgh, is also chairman of Henderson Diversified Income PLC, chairman of Pacific Horizon I

Scottish businesses will welcome yesterday's Autumn Budget and Spending Review 2021, financial experts have said. Andrew Howie, managing partner for Grant Thornton UK LLP in Scotland, said businesses "will breathe a sigh of relief" after being spared tax rises.

Edinburgh’s hotel sector is showing strong signs of recovery from the impact of the pandemic, even before COP26 room rates are taken into account, according to PwC’s UK Hotels Forecast 2021-2022. The Scottish capital was among the hardest hit cities in the UK when the country spent much

Income generated by Scottish Enterprise’s equity and debt investments exceeded £50 million during the last financial year, new figures show. Seven trade exits contributed to income totalling £56m in FY2020/21, as did a partial realisation of the economic development agency’s

The number of corporate insolvencies seen across Scotland rose by 40 percent in the third quarter of 2021, as inflation and supply-chain pressures started to bite and government Covid-19 support measures began to unwind, new analysis shows. Interpath Advisory analysed notices in The Gazette to find

Michael Reid, insolvency practitioner and managing partner at Aberdeen-based chartered accountants Meston Reid & Co, considers the role of a licensed insolvency practitioner. Anyone asked about the daily tasks performed by a licensed insolvency practitioner (LIP) might guess they include busines

A roadmap for pension providers to transition to net zero has been unveiled by the Scotland-based Global Ethical Finance Initiative (GEFI) ahead of the COP26 climate summit. The roadmap, which is suitable for private pension providers as well as local government pension schemes, provides practical s

A community in Dumfries and Galloway is setting out to raise £2.2 million to double the size of a vast new nature reserve, in stage two of the South of Scotland’s biggest ever community land buyout. The Langholm Initiative charity aims to buy 5,300 acres of Langholm Moor and three reside

Strategic real estate advisor Avison Young has released its latest quarterly Big Nine office market update, covering the third quarter of 2021. The quarterly review shows the take-up in the major regional office occupier markets in the UK, including Glasgow and Edinburgh.

A millionaire dissatisfied with customer service at his bank has taken it out on the tellers by forcing them to count his huge withdrawals note by note.