News

For May-July 2021, Scotland’s employment rate estimate increased over the quarter to 74.1%, according to the latest figures published by the Office for National Statistics (ONS). The data has also revealed that Scotland's unemployment rate estimate decreased slightly over the quarter to 4.3%.

The start of construction on what will become Scotland’s largest hotel was marked on Friday by a ground-breaking ceremony at Candleriggs Square in the heart of Glasgow’s historic Merchant City, heralding the £300 million transformation of one of the city’s most prominent deve

Financial wellbeing is the top priority (57%) for Brits ahead of physical, intellectual and social wellbeing. Yet only around half (55%) feel comfortable regularly checking their bank statements, according to new research from Bank of Scotland owner Lloyds Bank. The bank is encouraging consumers to

A middle-aged Liverpudlian spent three nights in a maximum-security jail after being mistaken for one of Italy's most-wanted mafia bosses. Prosecutors apologised to the 54-year-old, named only as Mark, after he was arrested at gunpoint at a restaurant in the Hague and taken blindfolded to jail, Dutc

Anderson Anderson & Brown (AAB), the tech-enabled business critical services group, has announced six new appointments to its Virtual Finance Function (VFF), following a period of substantial growth. VFF is a transformational approach to traditional outsourcing, where a businesses’ financi

Accountancy firm Johnston Carmichael has reshaped and strengthened its sector focus to help clients take advantage of the market opportunities arising from the emerging economic recovery. These changes include appointing a number of new sector heads as well as combining and rebranding some of the ex

Accountancy firm Douglas Home & Co is launching an ambitious expansion in Edinburgh, fuelled by the number of firms and business leaders who are changing direction after the pandemic. The firm believes its next wave of growth will be in the capital as both businesses and key employees re-asses t

A severe shortage of working capital is set to cause a growing number of business failures as companies responding to the recovery become overstretched and insolvent due to a lack of cash, James Fennessey, restructuring partner with Azets in Scotland, has warned. Working capital is the liquidity ava

Gilson Gray Financial Management (GGFM), the investment arm of law firm Gilson Gray, has acquired Dunblane-based holistic financial planning firm, GCR Financial, for a seven-figure sum. As part of the merger, Graham Robinson, the former owner of GCR Financial – which specialised in managing fa

Kieran Smith, an associate at Thompsons Solicitors, reveals why group action against Link Fund Solutions, in their role as manager of the Woodford Equity Income Fund (WEIF), is the only way to see justice done. The Woodford Equity Income Fund (WEIF) was the flagship fund of the larger Woodford Fund

Scotland has overtaken London as the fastest-moving market for million-pound properties, with homes finding a buyer 25 days quicker on average than before the pandemic, according to new research from Rightmove.

Rathbone Greenbank Investments (Greenbank) has bolstered its specialist ethical, sustainable, and impact (ESI) investment team with the appointment of Craig Leslie. Mr Leslie joins as an investment director and will specialise in the management of portfolios for private clients, trusts, and charitie

Savills has appointed Niall Macleod as director and head of residential development in Aberdeen. Mr Macleod was previously land director with Dandara, one of the UK’s most diverse independent property development and land promotion companies. He has been at the forefront of many significant la

Scottish Enterprise has today unveiled the impact of its support to entrepreneurs participating in its flagship business growth and leadership programme, Unlocking Ambition. Since the programme launched in 2018, it has so far helped 107 entrepreneurs from 79 companies across Scotland to generate &po

Scotland's private sector recorded further rapid growth midway through the third quarter, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector output - rose from 57