News

Homebuyers will be able to take advantage of reduced rates of Land and Buildings Transaction Tax (LBTT) from this week, after finance secretary Kate Forbes responded to calls for a quick implementation of the change. The threshold at which LBTT begins to be paid will rise from £145,000 to &pou

Lauren Hazlie, property solicitor at Jones Whyte, details the impact of the coronavirus pandemic on the housing market by discussing the extension to the Additional Dwelling Supplement Tax reclaim period. In Scotland, Additional Dwelling Supplement (ADS) Tax must be paid by a buyer on the purchase o

Machine Labs, an Edinburgh based software start-up, has raised £1 million in a seed extension round lead by Techstart Ventures alongside the founders, the angel investors Bill Dobbie and Richard Freedman, and the British Business Bank. An additional £100,000 was provided in grant fu

St Andrews based distiller and brewer, Eden Mill, has seen its sales increase by 9% during the coronavirus crisis-hit April to June 2020 trading quarter.

Andrew Knowles, senior director, restructuring advisory at financial consultancy firm Duff Phelps, details how the temporary suspension of wrongful trading doesn’t change the attention that directors should be giving when evaluating the financial position of their company. The tempor

The Electric Cycle Company (ECC) has launched a £70,000 crowdfunding campaign to renovate its new 4000 sq ft headquarters in Edinburgh. The Electric Cycle Company bike marking with Police Scotland and Granton Youth

Roland Smyth, head of Scottish hotels & leisure group at law firm CMS, provides some tips for bars and restaurant owners who are planning to reopen their businesses this week.  The hospitality sector, which has suffered immensely from the coronavirus lockdown, is set to reopen this week. Th

Private sector activity in Scotland continued to decline significantly during June as firms reported a further drop in new orders throughout June, according to the latest Royal Bank of Scotland PMI. Private sector firms in Scotland reported a further reduction in total new orders during June, extend

St Andrews-based investment firm Eos Advisory has backed Europe’s first oncology drug discovery accelerator, Cumulus Oncology, leading a £1.7 million investment round. The funding round was supported by the Scottish Investment Bank, the investment arm of Scottish Enterprise, Alba Equity,

Loganair and Blue Islands, the growing Channel Islands-based airline, have joined forces to offer their customers a broad new range of regional air connections across the UK, the Channel Islands and the Isle of Man. 

Atelier Capital Partners has appointed Martin Gilsenan as director of origination. The firm is a short term lender, which provides finance for developments across the UK and has already financed projects in Scotland.

Coastal communities across Scotland will receive £9.7 million of revenue generated by the Scottish Crown Estate’s marine assets, providing vital support for responding to the impact of coronavirus.

A sealed copy of Super Mario Bros for the Nintendo Entertainment System (NES) has sold at a public auction for £90,300.

Aberdeen Football Club’s finance director, Kevin MacIver, has been appointed to the club's board of directors. Mr MacIver, a qualified accountant with 30 years' experience, joined the club as finance director in November 2018.

Aberdeen Standard Investments (ASI) has appointed John Bennett as a new UK business development director. Mr Bennett, based in London, will support ASI's investment sales team in bringing its investment strategies to its clients in UK wholesale.