News

After a quiet second quarter, there has been a resumption of Initial Public Offering (IPO) activity as both the Main Market and AIM have adapted to operating in a predominantly virtual environment as a result of COVID-19, according to EY’s latest market tracker IPO Eye. Following a quiet secon

Scottish Enterprise has announced that its CEO Steve Dunlop is to step down after a period of rapid change in which the organisation has played a central role in the Scottish Government's economic response to COVID-19. During two-and-a-half years in post, Mr Dunlop has led a major shift in the organ

Mark Brown, audit, accounts & business assurance partner at Aberdeen chartered accountancy firm Meston Reid & Co, details why companies need to be focusing now on shaping a strategic approach as economic activity is begins to increase and business confidence is slowly recovering. Busine

A lawyer has urged directors of Scottish businesses to use the full extent of UK insolvency laws to avoid 'inevitable' business closures in the coming months. Gordon Hollerin, partner at Harper Macleod, was part of the firm's team which successfully helped High Street giant M&Co restructure, the

Tesco has no plans to sell its Edinburgh-based banking arm despite it continuing to 'act as a drag'. The supermarket giant made a pre-tax profit of £551 million in the first half of this year, marking nearly a 29% increase compared on the same period in 2019, on revenue of £28.7 billion,

The accountancy profession’s role in building and maintaining a sustainable recovery in these challenging times is the focus for ACCA (the Association of Chartered Certified Accountants) over October, November and December 2020. In its new campaign, Rethinking business for a sustainable recove

The downturn in permanent job placements across Scotland eased further in September, according to the latest data from the Royal Bank of Scotland’s Scottish Labour Market Report.

Scotland’s housing market activity remained strong in September, as buyer enquiries and newly agreed sales rose over the month, according to the latest RICS (Royal Institution of Chartered Surveyors) Residential Market Survey report.

Aberdeen-based Eserv, a 3D technology specialist, has secured contracts worth over £3 million combined in the last 12 months as its data-exchange solution is rolled out across 10 platforms in the North Sea. Eserv has seen its AS-TEG technology service adopted across the basin as operators stri

Aberdeen-headquartered global Oracle Platinum Partner Inoapps has significantly grown its public sector business after securing more than £12 million in new revenue from local authorities and other public bodies throughout the UK.   Inoapps is appointed to the government’s G-Cl

Rocket Lawyer, a digital legal services firm, is expanding its services to assist businesses and families in Scotland thanks to a new partnership with Jones Whyte LLP. Rocket Lawyer is partnering with Jones Whyte to offer its members legal advice from local solicitors through its “Ask a L

The UK Government's plans to substantially increase low-deposit mortgages for first-time buyers have come amid an acute rise in loan prices. According to data from the Bank of England, the average cost of a two-year fixed-rate mortgage with a 5% deposit was 3.95 %in September, an increase from 3.02%

Venezuela plans to launch the biggest-denomination note in its history, but delays in the note printing and hyperinflation mean it will be worth less than 18p by the time it enters circulation.

Audit, tax and consulting firm RSM has expanded its Scottish team as Irina Cheburdanidze, associate director of financial reporting, moves to join the Edinburgh office. Ms Cheburdanidze joins from RSM Leeds where she has worked since 2014 and has more than 14 years’ experience supporting clien

Virgin Money, the owner of Clydesdale Bank, has announced that 400 jobs are to be cut at three of its head offices, including Glasgow. The cuts are part of the bank's three year-plan to integrate its operations following the £1.7 billion takeover by CYBG in April 2018.