News

Tim Moore, senior economist at Markit The UK construction industry showed modest indicators of recovery in August — by contracting less than in July, a survey has suggested.

North-east car dealer John Clark Motor Group (JCMG) has reported a 13.5 per cent drop in annual profits despite a 10 per cent rise in sales. Turnover at the family owned company rose to £667 million in 2015 from £604 million in 2014, with record sales of new cars — despite the oil downturn in Ab

ICAS has issued a call to the Scottish Government to reform the rate and way in which statutory interest is calculated in personal bankruptcy in Scotland. Responding to an informal consultation by the Accountant in Bankruptcy on draft consolidated Bankruptcy Regulations which will underpin the intro

A new report by the Glasgow Centre for Population Health (GCPH) has found that high-interest payday loans are “absolutely corrosive to mental health”. However, it also suggests rules designed to protect borrowers from exorbitant interest rates could leave people struggling to afford basics with

Edinburgh entrepreneurs Artur Napiórkowski and Denny Schenk are due to appear on the BBC's Dragons' Den this Sunday to pitch their low-carbon invention to the show's millionaire investors. The pair are based in the Edinburgh Centre for Carbon Innovation, where they won a place in the Low Carbon Ide

Charlotte Nelson, finance expert at Moneyfacts One month after the Bank of England's 0.25 per cent cut in base rates, research by Moneyfacts has found that many lenders are not passing on the reduction to borrowers on variable rates.

Tesco Bank has announced the closure of its Haymarket Yards office, with about 250 staff to move to Glasgow and Newcastle while the bulk - around 600 employees - move to South Gyle. A spokesperson for Tesco Bank said the move was being made "from a position of strength".

Glasgow-based engineering consultancy, Mabbett & Associates Ltd, has used £160,000 of HSBC funds to further diversify its business by creating Mabbett Environmental Planning Ltd. The new enterprise will facilitate the firm’s expansion in the environmental planning services sector, growing the

Robert Ross, RSM’s regional managing partner in Scotland Audit, tax and consulting firm RSM has expanded its team in Scotland with the appointment of 18 new trainees.

Tom Brock, head of the emerging technology unit at Clydesdale Bank A leading Edinburgh technology firm is targeting further growth following agreement on a new £900,000 funding package from Clydesdale Bank.

RBS and NatWest are refunding tens of thousands of customers who were wrongly charged interest on student overdrafts over a 14-year period. The bank currently offers students interest-free overdrafts and often customers are offered the option of raising their limit mid-way through their course.

Andrew Berry and Scott Thomson Deloitte, the business advisory firm, has appointed two financial services specialists, Andrew Berry and Scott Thomson, to its risk data and analytics team.

A major new survey of business opinion in Scotland, conducted by the Scottish Chambers of Commerce Network, has revealed the support that businesses need in the wake of the vote for the United Kingdom to leave the European Union. A reduction in business rates was the most commonly requested tax meas

New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds grew by £100 billion in the last month alone, bringing the total deficit to £710 billion. This is based on the value of liabilities used by pension fund trustees to determine company cash co

Susannah Donaldson Savvy companies are stealing a march on incoming regulations which will force all private and voluntary sector organisations with 250 or more employees to publish details of gender pay gaps, a legal expert in the sector has said.