News

Medium-sized businesses in Scotland believe COVID-19 will worsen the UK’s north/south economic divide, according to a poll of 500 business leaders published today by accountancy and business advisory firm BDO.  According to the survey, 30% of medium-sized business leaders believe the outb

Johnstons of Elgin, the Scottish retailer specialising in cashmere, has warned it could close its iconic shops in Edinburgh, St Andrews and London the UK Government continues plans to remove tax-free shopping for international visitors.

Edinburgh-based financial services company Nucleus Financial Group has agreed to purchase the UK business and assets of Genpact Wealth Management UK Limited (which operates under the trading name OpenWealth) for £1.5 million.  The deal is expected to be completed

Mansefield Investments, led by Aberdeen businessman and energy industry veteran Mark Patterson, has appointed a legal counsel as explores opportunities in the energy sector. David Rennie, former managing partner of law firm, Stronachs, has joined the family investment firm eyes green opportunit

The Financial Conduct Authority (FCA) has extended its offering of payment deferrals for mortgage and consumer credit customers for the next six months.

MediCity Glasgow, a multi-agency supported incubator & accelerator project, has raised over £26 million of private investment to help create 70 new life sciences and med-tech companies in the last five years.

Two men have been arrested on suspicion of selling a fake magical "Aladdin's lamp" to a doctor for nearly €81,000.

Properties in Glasgow are selling faster than anywhere else in the UK, according to new research from Savills. Greater Glasgow’s housing market has seen exceptional growth in activity since it reopened in July following a six week Scotland-wide lockdown, with a 44% increase in agreed sales, co

The Financial Reporting Council (FRC) has criticised Grant Thornton after its Audit Quality Inspection revealed five out of six of the firm's local audits fell below the expected standard. Grant Thornton was singled out by the accountancy regulator after it investigated 15 major audits of health aut

Natwest Markets Group has posted a profit of £355 million for the third quarter of this year, beating analysts expectations of a £75m loss. In the second quarter of this year, Natwest posted a loss of £137m and in Q3 last year, it reported a loss of £20m.

Big Four accountancy firm PWC has committed to retaining all of its office space, despite the rising number of COVID-19 cases in the UK.  The firm, which is one of the UK's largest employers with 22,000 members of staff, has made the move as the ongoing pandemic ensures staff will be working fr

Asia Dragon Trust plc, a trust managed by Aberdeen Standard Investments (ASI) has seen its net asset value (NAV) rise by 4.7% in sterling terms this year. The trusts' annual results have posted positive absolute returns despite the challenging economic environment caused by COVID-19.

Business confidence in Scotland fell seven points during October to -28%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported marginally higher confidence in their own business prospects with a month-on-month increase of one percentage

Employee-owned North-Berwick-based firm Jerba Campervans has been awarded the Good Business Charter (GBC) confirming its place as one of the UK’s most ethically-minded businesses. To be awarded the accreditation, Jerba had to demonstrate how its ethos applied throughout its business, from livi

Nine businesses from the Highlands and Islands joined the latest edition of the Highlands and Islands Enterprise's (HIE) Pathfinder Accelerator programme yesterday, which aims to put them on the fast track to success. The support programme nurtures growth in life science and technology and help