News

Shareholders who gathered at Dundee’s Gardyne Theatre for Alliance Trust’s much anticipated AGM yesterday let out a collective gasp as it was revealed that the board’s protracted - but ultimately doomed - battle with an activist investor had cost the firm £3 million. The company spent a simil

French Duncan LLP has taking over the running of George Hunter (Demolishers) after the firm was this week put into liquidation following a protracted battle with HMRC. The Glasgow-based company, which traded as Hunter Demolition, employed around 50 staff at its peak, turning over up to £7 million.

Keith Cochrane Glasgow-based engineering giant Weir Group has announced plans for more cost-cutting measures including redundancies after being rocked by a 23 per cent fall in orders for its oil and gas business.

Dougal Gunn Sharp Scottish brewer Innis & Gunn has embarked on an innovative fundraising scheme that will see it attempt to raise £3 million through the sale of so-called “beer-bonds” that can be redeemed against beer at its online shop.

The UK’s biggest bank has published the results of a new survey that suggest we are now seeing the death of the traditional idea of leaving an inheritance. HSBC found that around half of the UK’s retirees say they are now “giving while living”.

Scottish landlords are enjoying the highest annual rental returns ever recorded north of border, according to the latest data. The figures provided by Your Move, show that Scottish landlords have seen total annual returns of 9.7 per cent on average in the 12 months to March.

The Scottish Government has announced an initial £6 million of financial support for economic growth in Fife following the announcement on Monday of hundreds of job losses at paper-maker Tullis Russell. Holyrood officials said the money will used in part to help fund retraining for the workforce at

Edinburgh-based insurance giant Standard Life's has reported a 5 per cent increase in assets under administration (AUA). The firm’s latest results showed assets buoyed by net inflows of £1.5bn and "positive market movements".

Fiona McBain Glasgow-based mutual Scottish Friendly has seen funds under management hit £1 billion for the first time, after an 8 per cent rise last year.

The first three months of 2015 saw the rate of economic growth half to 0.3 per cent, according to latest official figures. The result was the slowest quarterly growth for two years, Office for National Statistics said.

A 42-year old Scottish businessman who ran a multi-million pound VAT fraud scheme out of his Dundee bedroom has been ordered to pay £240,000 to prosecutors. Shahid Ramzam's legal team agreed he evaded VAT payments of £5,661,839 between October 2002 and July 2004, and the High Court in Edinburgh ha

Jim Brown Royal Bank of Scotland has announced that John Maltby will step down from his role as chief executive at Williams & Glyn, the challenger bank that RBS was forced to create as a result of rules relating to its Government bail-out at the height of the financial crisis.

Glasgow Credit Union has pledged to make £10 million available to help first time buyers onto the property ladder this year from as little as £1000 deposit. The UK’s largest and most successful credit union has launched its promise to make mortgage borrowing more accessible and affordable, by re

Sarah Speirs Demand for commercial property in the UK is growing close to its fastest pace since 1998 and, along with a surge in investment, reflects the widening economic recovery, according to the latest RICS Commercial Market Survey.

The next two years could see Britain’s biggest banks hit with up to another £19 billion of charges relating to past misconduct, according to Standard & Poor’s (S&P). In a new report, the ratings agency said Britain’s banks and customer-owned lenders had incurred £48 billion in miscon