News

James Stephen BDO, administrators at Edinburgh-based wave energy company Aquamarine Power, has said the firm has been forced to stop trading after a buyer for the business could not be found.

John Swinney A further £1 million investment has been secured for the Fergusons shipyard on the Clyde creating 100 new jobs.

Data from ratings agency Standard & Poor’s has revealed global defaults on debts have reached the second highest level in a decade. According to S&P, 99 companies this year have defaulted on their debt.

With the exception of January when the upcoming election was causing jitters amongst businesses, the confidence of small and mid-cap quoted companies in the economy is at its lowest level for over two years. According to the latest QCA/BDO PULSE survey, which polls small and mid-cap quoted businesse

Robert Perrie Yorkshire-based finance and marketing consultancy ABL Business has expanded its operations into Scotland after spotting a gap in the market.

HRH Earl of Wessex opens RSM offices in Glasgow with David Gwilliam, RSM's new chief operating officer. Audit, tax and consulting firm RSM has opened its new Glasgow office.

Nicola Sturgeon The first £30 million of investment in a transformative £1.13 billion city and region deal for Glasgow and the Clyde Valley has been confirmed.

Steven Fraser, head of IES at A2+B, (second on right) receives the UK Specialist Payroll Provider Award. Aberdeen-based accountants A2+B LLP’s Integrated Employment Solutions (IES) team has been successful for the fourth year running at the annual UK-wide Payroll World Awards, having received the

Eileen Rowland Eileen Rowand, head of revenue & shared services at Fife Council, has been appointed executive director finance & corporate services at the authority.

As the countdown to Christmas begins, PwC has found that more than half (56 per cent) of 100 high street retailers were holding sales or advertising promotions in their shop window, such as '3 for 2' deals. This is up 10 percentage points on the same time last year and in 2013 (46 per cent), and clo

The Council of Mortgage Lenders and consumer watchdog Which? are today launching a new "tariff of mortgage charges" that will introduce a standard format for how lenders communicate their fees, to make it easier for customers to understand charges and compare deals.

Alliance Trust has ramped up purchases of its shares, spending over £26 million last week in a determined bid to lower their discount. The Dundee-based global fund has spent £26.4 million on buying back its shares in what looks like an increasingly active bid to reduce their discount to net asset

The number of business in Scotland may have risen to a record high but the majority of this growth has been in one man operations with the number of medium to large firms either static or having risen by a small percentage, according to analysis of the latest statistics by accountants BDO. The numbe

New research from Aberdeen Asset Management has revealed the integral part that governance plays in the investments asset managers make and what clients expect of them. Nearly 90 per cent (89 per cent) of financial services decision-makers considered effective governance to be a critical driver of i

Edinburgh-based insurance giant Standard Life, which owns 1 per cent of HSBC, has said it would back a move by the lender, which is Britain’s biggest bank, to relocate out of the country. Standard’s head of equities David Cumming said shareholders would back HSBC if it decided to move its headqu