News

More than 800 SMEs are now plaintiffs in a legal case against the Clydesdale and Yorkshire banks after hundreds more joined the lawsuit. The claim form, filed in the Chancery Division of the High Court, contained a further 436 claims on behalf of a further 266 SMEs.

The Aberdeen office of regional accountancy firm Azets has taken a further 2000 sq ft of space at its Albyn Place offices with capacity for a further 20 staff as the firm responds to rising demand from businesses across the North-East of Scotland. Azets has also strengthened its new corporate tax te

Alan Steel, an investment adviser renowned for his straight-talking about the financial industry, has died at age 74. Mr Steel was the first person in the industry to expose the Equitable Life scandal and was also highly critical of any products he considered poor value for money, including endowmen

Scottish hotel occupancy rates jumped six per cent in August as the thriving staycation market increased levels for the fourth consecutive month, according to the RSM Hotels Tracker. The data, compiled and produced by STR and analysed by RSM, shows the average occupancy rate in Scotland has risen fr

Dundee-based cable manufacturing firm ICS2 Cables has handed control and ownership of the business to its employees. Developing subsea, 5G Telecoms, Access Control, automotive and industrial sectors, ICS2 Cables achieved its second-best year despite managing supply shortages affected by the pandemic

The boost to financial wellbeing triggered by the relaxing of pandemic measures dipped during the third quarter despite the first rise in household income from employment since Q1 2020, according to the latest Scottish Widows Household Finance Index.

The providers of Scotland’s local government retirement schemes have come together as part of a new initiative to develop a ‘transition roadmap’ for net-zero pensions. A new public policy positioning paper published today by the Edinburgh-based Global Ethical Finance Initiative (GE

Shepherd and Wedderburn is continuing its investment in Aberdeen by moving into flexible Grade A office accommodation, which offers the firm the opportunity to double the firm’s headcount in the city as it anticipates sustained growth in the region.

Aberdeen-based creative design agency Dunclyde has opened a new office in Los Angeles. Dunclyde, founded in 2018 by Daniel Clydesdale and Eilidh Dunsire, provides strategy-led brand and web design services to local, national and international companies. The indoor-outdoor workspace can hold up to si

A consortium of Macquarie’s Green Investment Group, TotalEnergies and Scottish developer RIDG has announced their ScotWind bid for an offshore wind project west of the Orkney Islands. The two-gigawatt proposal – named the West of Orkney Windfarm – has the potential to power more th

Business premises in Scotland will be able to access a £25 million package to improve ventilation and reduce the risk of coronavirus transmission. Grants will target a wide range of high-risk settings where people come into close proximity, including restaurants, bars and gyms, with support av

A Danish museum lent an artist $84,000 to reproduce an old work depicting labour. Instead, the artist delivered two empty frames, took the money and called it conceptual art. 

On September 24, Jonny Marston, Rob Croxen and Paul Berkovi of professional services firm Alvarez & Marsal Europe LLP were appointed as joint administrators to People’s Energy (Supply) Limited, the energy supplier and The People’s Energy Company Limited, the 100% owner of People&rsqu

Chartered accountants Wylie & Bisset has appointed Mark Mulholland as a partner to its burgeoning business advisory department. Formerly a partner at Alexander Sloan, Mr Mulholland is a trusted business adviser with over 30 years experience who specialises in working with commercial organisation

After 44 years, John Langlands will be retiring as a partner of EQ Accountants at the close of business on 30 September 2021. From beginning his journey with EQ founding firm JLM as a trainee in 1977 to working his way to becoming partner in 1997, Mr Langlands has seen the firm evolve over time and