News

The move to homeworking and a decline in demand for short-stay Airbnb lets, as well as worries about Covid rates in urban areas, are thought to have contributed to rents plummetting in Edinburgh.

Corporate insolvency numbers (liquidations and receiverships) in Scotland for the whole of 2020 were 40% lower than in 2019, at 592 (2020) against 981 (2019), according to insolvency and restructuring trade body R3. The number of corporate insolvencies (liquidations and receiverships) in Scotla

The British accounting and tax system is the 11th most complex in Europe, a new report published by TMF Group, a multinational provider of professional services, reveals – making the country a trickier proposition for accountants than Russia, France or Germany. The report, entitled ‘Acco

Pensions and investment manager M&G has reasserted its commitment to Scotland by taking on a 20-year-lease on an office complex in Stirling. The new Kildean complex will provide an office base for around 700 employees who work for the group’s Prudential and M&G businesses on the Craigf

Cash machine use in Scotland has plummetted by more than a third during the coronavirus pandemic, renewing concerns about the future of cash. New figures released by Link have revealed that Scotland has seen the sharpest drop in cash machine us in the UK. The decline is thought to be linked to tough

The names of the streets and buildings at Barclays' state-of-the-art Glasgow Campus have been unveiled with the bank paying homage to the city’s industrial heritage.

Vector Capital plc, a commercial lending group that offers loans to businesses in the UK, has posted a robust full year performance amid the economic uncertainty of COVID-19. To the year ended 31 December 2020, Vector Capital has delivered a robust performance, in line with management expectations,

Scottish estate agency and lettings group Lomond has announced the completion of four acquisitions following the recent announcement of its merger with Linley & Simpson. Two of the businesses joining the Lomond group, Pad Residential and Allison & Co, are based in Manchester and the remainin

Brewin Dolphin has announced a trading update for the three months ended 31 December 2020 revealing strong income growth of 7% in the quarter. The firm's total funds increased by 8.0% to a record £51.4 billion (FY 2020: £47.6bn) in the quarter, with total discretionary funds up 8.3% to &

Scotland’s GDP is provisionally estimated to have fallen by 1.4% in November, as restrictions on economic activity were extended or reintroduced across large parts of the country. This is the first fall in GDP after six months of growth following the easing of the first lockdown in 2020. Outpu

Three new funds worth £7.3 million to support businesses uniquely affected by the coronavirus pandemic will launch this week. From today, local authorities will start to approach brewers, travel agents and indoor football centres inviting them to claim grants of £10,000 or £25,000.

The blueprint for how Scotland will do business around the globe has been published by trade minister Ivan McKee, highlight focus on the country's economic, social and climate ambitions. Scotland’s Vision for Trade sets out five principles which will guide all future decisions on international

Scotland is home to the highest number of budding entrepreneurs as a result of COVID-19 in the UK, with 1 in 10 people (10.2%) saying they hadn’t previously planned on starting a business, but the impact of the pandemic has made them want to go freelance or start their own business.

A couple who famously pretended that their six-year-old son was trapped in a runaway weather balloon have been pardoned.

Thorntons Investments, the Dundee headquartered wealth manager, has acquired Matheson Financial Consulting and Sonas Wealth Management as part of its ambitious plans to develop and grow the business. The acquisitions add around £175 million AUM to the £420m Thorntons Investments already