News

City of Edinburgh Council is set to become the first local authority in Scotland to become a private landlord, if plans currently under consideration go ahead. The local authority is planning to create an arm's-length company called Edinburgh Homes, which will attract private investment to fund new

Derren McRae Aberdeen’s transition from North Sea oil town to global energy city will assist in reducing the impacts of a low oil price on the city’s commercial property market, according to a paper from property consultant CBRE.

Craig Vickery New research from the Association of Chartered Certified Accountants (ACCA) has revealed that Scottish companies are among the UK’s best when it comes to paying interns.

Andrew Thorburn Clydesdale Bank has denied that it sacked staff involved in the falsifying of customer records in a PPI scandal that this week saw the Financial Conduct Authority hit the Glasgow-based lender with a record-breaking £20 million fine.

Sarah Speirs The lack of new houses being built in Scotland is pushing prices rapidly upwards, according to the latest RICS UK Residential Market Survey.

Anton Colella The Institute of Chartered Accountants of Scotland and the Chartered Institute of Public Finance and Accountancy are to work together in developing a joint qualification covering both public and corporate sector audit.

Ruth Davidson Scottish Conservative leader Ruth Davidson has launched a fierce defence of Right to Buy as prime minister David Cameron announced plans to “radically expand” the scheme in England.

Energy giant Centrica, the owner of Scottish Gas, has appointed a former Aviva boss to run its residential energy business. Mark Hodges becomes managing director of the key operation at a time when the energy market is the subject of a fullscale competition inquiry.

David Wheldon The Royal Bank of Scotland Group has announced the appointment of former head of advertising at Coca-cola David Wheldon to its new chief marketing officer role.

Latest official data has revealed that the Scottish economy grew by 2.7 per cent during 2014 and 0.6 per cent in the final three months to December. Liz Cameron

Mark Guest More than half of Scottish oil and gas workers are pessimistic about their short-term prospects and three-quarters of the sector’s UK work force are considering working abroad, according to a new study.

The owner of Edinburgh’s Ocean Terminal shopping centre has announced plans for a £6 million redevelopment the site with a scheme that will “include the introduction of new uses including residential and hotel development”.

Phil Anderson A north-east accountants Phil Anderson Financial Services (PAFS) has pledged to boost the pay of its staff after announcing its support for the growing “living wage” campaign.

The increasingly fraught struggle over the future of Alliance Trust’s board has taken a fresh twist after influential corporate governance watchdog Pirc gave its backing to the US hedge fund attempting to install a trio of new directors at the Dundee-based investment house. The intervention is a b

Liz Cameron The Scottish Chambers of Commerce has reported a hesitant start to the year but remains optimistic for the rest of 2015.