News

National Savings & Investments (NS&I) is set to slash interest rates on its savings accounts today, in a move that many savers have been 'dreading'.

Chancellor Rishi Sunak must avoid a knee jerk reaction to tax increases according to property management firm Apropos by DJ Alexander. The UK-wide letting firm, believes that the widely trailed increases to capital gains tax (CGT) will have an unprecedented negative impact upon the private rented se

A no-deal Brexit would cause more long-term damage to the economy COVID-19, according to Andrew Bailey, governor of the Bank of England. Mr Bailey said that he was relatively optimistic about the economy’s ability to recover from the coronavirus pandemic, but he warned that it would be more di

Dunfermline-based Deanestor, one of the UK’s leading furniture and fit-out specialists, has delivered its largest ever contract in the education sector. The £3 million project was for the manufacture of bespoke furniture and fitout of the new £55m Inverurie Community Campus –

Construction materials group Breedon has announced that James Brotherton will join the executive management team as chief financial officer (CFO) designate on January 1. Mr Brotherton was CFO of Tyman Plc between 2010 and 2019, prior to which he was director of corporate development for five years,

Ayrshire-based Sandgate Dentistry has joined Scotland’s largest dental group, Clyde Munro, adding four dentists, two hygienists, seven nurses and one receptionist along with 11,500 patients to the group’s growing portfolio. The acquisition was struck with the help of business property ad

Barclays Corporate Banking has today announced that it is working with CGI to implement the CGI Trade360 platform. This new platform will provide an industry-leading end-to-end global trade finance solution for Barclays clients in the UK and around the world.

British Airways is selling off champagne flutes, crockery and blankets as it attempts to generate cash flow amid a decline in air travel thanks to COVID-19.

Ahead of the Spending Review, accountancy and business advisory firm Azets is calling on the Chancellor to take five practical steps that will support business and help deliver growth across the regions. Fraser Campbell, head of UK accounts and business advisory services, at Azets, said: &ldquo

The Scottish National Investment Bank (SNIB) has officially opened for business with the completion of its first major investment. It is the UK’s first mission-led development bank and it is being capitalised by the Scottish Government with £2 billion over ten years.

Jim Lockhart, accounting partner at accountancy firm Armstrong Watson Glasgow, is urging Scottish businesses to go back to basics in face of declining confidence and falling demand. Last week saw the publication of both the ICAEW Business Confidence Monitor (BCM): Scotland for Q4 2020, and the

Edinburgh-based Zumo has announced a £10 million Series A funding round to meet the demand of the growing crypto-curious market and take the benefits of cryptocurrency mainstream. Zumo is the non-custodial wallet and payments platform that allows traditional money and cryptocurrency to work se

Shepherd and Wedderburn’s corporate finance team has reported strong deal activity with a combined value exceeding £2 billion in the six months fo 31 October 2020. The team has reported a busy first half of the 2020/21 financial year, supporting clients with strong and sustained deal act

The latest figures from the Association of British Insurers (ABI) have revealed that the number of people accessing their pension as a flexible income has increased by 56% between April and September this year. However, withdrawals of all types still remain below 2019 levels.

The Crieff Hydro Group has invested £500,000 in its distillery as the Perthshire hotel prepares to relaunch its gin brand 1881. The investment arrives as the sixth generation of the hotel group’s owners, the Leckie family, has been appointed to operate the distillery and accele