News

Scotland’s private sector experienced a downturn at the start of the third quarter, with output returning to contraction territory.

The overall rate of personal insolvencies in Scotland, which include both bankruptcies and protected trust deeds, has decreased by a quarter in the last financial year from 25.13 per 10,000 adults to 19, according to latest figures.

https://www.youtube.com/watch?v=_yFipEjDxMI Following last week’s news that Bank of Scotland is to close 23 more branches north of the border, the Edinburgh-based lender has pledged to introduce extra mobile services in the north and north-east of the country.

Galloway’s work at the Sir Chris Hoy Velodrome in Glasgow Dundee engineering firm Galloway Group was given “significant financial support” by the Scottish Government before it entered administration, it has been revealed.

A manager at a Dundee building merchants who embezzled more than £73,000 from his bosses is facing jail.

Edinburgh-based crowdfunding platform The LendingCrowd has reported a post-Brexit vote boom for its business.

Robin Knox Intelligent Point of Sale, the young Scottish start-up that developed the UK’s first cloud-based, iPad electronic point of sale (EPOS) app, expects to see more than £4 million and 750,000 transactions handled through its software at this year’s Edinburgh Fringe Festival.

Scotland is seeing a rise in graduate recruitment but businesses have warned over the quality of careers guidance and university leavers’ readiness for the world of work, a new survey carried out by the CBI has found.

Property sales in the Scottish Borders have remained healthy over the last three months, according to CKD Galbraith.

Britain’s decision to leave the EU has resulted in the steepest drop in permanent job placements in Scotland since 2009, according to a survey covering July.

Ross McEwan Royal Bank of Scotland has today reported a £2 billion loss for the first six months of the year.

UK interest rates have today been cut from 0.5 per cent to 0.25 per cent - a record low and the first cut since March 2009 when they were slashed in a bid to cushion the UK economy from the global financial crisis.

BDO, the liquidators of the original incarnation of Glasgow football club, Rangers, has revealed that the cost of the liquidation process of the club has risen by almost £2.2 million since April last year, hitting the overall amount that can be made available to its creditors.

New figures released by Debt Advisory Centre show that just over 1 million adults in Scotland think that they have a debt problem. Of those, nearly three quarters say that they worry about their debt all or most of the time, with their mental wellbeing the most affected area.

Devan Kaloo Devan Kaloo, head of global emerging markets at Aberdeen Asset Management, offers his current views on the outlook for emerging markets.