News

Companies penalised for late payments to suppliers

Eighteen companies have been suspended from the Prompt Payment Code for failing to pay suppliers on time, the Chartered Institute of Credit Management (CICM) has announced.

Published 17 July 2019

Martin Gilbert linked to new role at fintech firm

Martin Gilbert, co-founder of Aberdeen Asset Management and former Standard Life Aberdeen chief executive, has been linked to a new role at banking challenger Revolut.

Published 17 July 2019

House prices in Scotland grow faster than UK average

The average price of a property in Scotland in May 2019 increased by 2.8 per cent on the previous year to reach £152,801, the UK House Price Index (HPI) has shown.

Published 17 July 2019

Brooks Macdonald announces plan for new London office

Edinburgh-based wealth manager Brooks Macdonald has announced it has signed an agreement to lease a new London office at 21 Lombard Street.

Published 17 July 2019

Summer sales fail to lift retail gloom

In the five weeks 26 May – 29 June 2019 Scottish sales decreased by 3.1 per cent on a like-for-like basis compared with June 2018, when they had increased by 2.0 per cent. This is below the 3-month average decrease of 1.0 per cent.

Published 17 July 2019

Cameron Toll sold as RBS facilitates deal

Edinburgh’s Cameron Toll shopping centre has been sold in £38 million deal backed by funding from Royal Bank of Scotland.

Published 17 July 2019

Irn-Bru maker sees share price plummet as sales lose their fizz

Cumbernauld-based Irn-Bru maker AG Barr's share price fell sharply yesterday after the company issued a profit warning.

Published 17 July 2019

Half of Scottish SMEs are geared up for Brexit but confidence is low as they still seek a U-turn

As Brexit uncertainty marches on, the latest Citibase Business Confidence Index reveals that Scottish SMEs are well equipped for the future with 51 per cent reporting that they have already started - or are about to start - creating strategies to deal with post-Brexit issues.

Published 17 July 2019

New 5-star hotel opens in Inverness with funding from Barclays

A new 5-star hotel, bringing 65 new jobs to the city, has opened in Inverness in a development supported by £4.5 million of funding from Barclays.

Published 17 July 2019

Innovation drives the continued success of ACCA exams

The Association of Chartered Certified Accountants (ACCA) has reported that 125,000 students around the world entered its latest exam sitting held in June, in which almost 160,000 exams were taken and 4,923 students completed their final exams to become ACCA affiliates.

Published 17 July 2019

And finally... hackers ridicule nation's security bosses after tax office attack

A massive cyber attack on Bulgaria's tax office might have compromised the security of almost all adult residents' information and left officials the subject of ridicule from the hackers. The major security breach came to light after a person claiming to be a Russian hacker contacted local media on Monday offering access to the stolen data. According to

Published 17 July 2019