News

GDP is now estimated to have fallen by 0.2% during the second quarter of 2019, according to statistics announced by the Scottish Government. The fall in output has been revised up from the first estimate of 0.3%, published on 18 September, because of stronger growth in the services sector.

Pinsent Masons has advised Tesco as it entered into long term power purchase agreements (PPAs) with developers, EDF Renewables, ScottishPower Renewables and BayWa. As a member of the RE100 group of companies, Tesco has made a commitment to source 100% of electricity across the Tesco Group from renew

The Financial Reporting Council (FRC) has today set out its expectations for corporate reporting to improve trust in business. In an open letter to all audit committee chairs and finance directors, the FRC has called for improvements to corporate reporting.

Russian scientists who were tracking the movements of migrating eagles were forced to start a crowdfunding campaign after their birds flew into Iran and foreign text messages from their tracking devices cost the scientists their entire budget.

Barclays' Corporate Banking team has made strong strides in the first half of the financial year 2019 with 5% growth in its loan book and 15 new deals in the local market in Scotland. The total value of the deals in the period from 1 April to 30 September saw Barclays achieving double-digit income g

Independent commercial law firm MacRoberts has welcomed a number of new clients to the firm as a result of recent competitive tendering exercises. In the private sector, the firm has been appointed to act for CALA Homes as part of a select panel of legal advisers.

Edinburgh-based venture capital firm Par Equity has appointed former Olympic skier Andrew Noble as partner. Par Equity is an award-winning venture capital firm founded on the principle of equality – with fund investors and professional business angels investing alongside each other for mutual

Embark Group has acquired the advised and partnership client books of Alliance Trust Savings (ATS) from Interactive Investor (II). The acquisition was made an undisclosed amount, which will further increase Emark's UK presence in the investment savings sector.

Employees at HSBC are concerned about potential job cuts after the bank announced it plans to restructure its business amid an "unacceptable" performance in parts of Europe and the US. The bank's interim chief executive Noel Quinn said plans to improve the Europe and US divisions of the bank were "n

Morrison Community Care Group has secured £6.6 million of finance from Allied Irish Bank for a new care home in Troon. Queens View Luxury Suites will comprise 56 suites for residents alongside a lounge, cocktail bar, cinema, hair salon and spa and a private dining room. A range of care se

Crown Estate Scotland has generated £11.4 million for the Scottish Government in 2018-19. The organisation has also delivered on key projects designed to deliver benefit for Scotland and increase community input into how Scottish Crown Estate is managed.

Direct flights between Dundee and London will be extended into 2020 after the UK Government announced it would give the service financial backing.

The Scottish Government has announced an £80 million funding package of support for Scottish agriculture.

Glasgow-based strapping and tools firm Reid Brothers International has received a six-figure loan from UKSE, a subsidiary of Tata Steel, to help drive expansion plans. The funding will allow the firm to move into larger premises and purchase additional equipment.

The Royal British Legion will now offer contactless payments when selling poppies for the annual Remembrance Day Poppy Appeal.