News

The Scottish economy slowed sharply in the three months to the end of February but expectations for the next six months remain elevated at levels only slightly below their pre-crisis level, and at their seventh highest quarterly level in more than seven years. The latest Business Monitor from Bank o

The UK inflation rate has fallen to a record low of 0 per cent. The official data for February reveals the lowest rate since records began.

Alliance Trust Savings has today announced that total assets on its platform have crossed the £7 billion mark. Currently 80 per cent of assets on the platform are invested and managed by customers directly, making the Dundee-based investment trust the 5th largest direct to customer savings platform

The number of cash sales on houses worth over half a million pounds was up 19.6 per cent in 2014, according to figures from Registers of Scotland (RoS). A total of 599 homes that were sold for upwards of £500,000 were paid for in cash last year, compared to 501 in 2013.

Edinburgh-headquartered business incubator Entrepreneurial Sparkhas opened its doors to more promising fledgling firms in another three cities. After securing multi-million pound backing from RBS and NatWest, Entrepreneurial Spark’s programme will soon be open for applications to their accelerator

Global accountancy firm Mazars, which has undertaken a considerable expansion in Scotland over the past 12 months, and accrues the bulk of its fee income from audit and actuarial services, has been rapped by the accountancy and audit profession's watchdog, the FRC. The £130.9m turnover firm was cri

Around 140,000 households in Scotland saved £9.8 million in the last six months by changing electricity supplier, according to new figures. The figures, released by the UK government as part of the ‘Power to Switch’ campaign, show that within Scotland:

The Greater Manchester Loan Fund(GMLF), managed by Aberdeen-based Maven Capital Partners has today announced a £250,000 follow-on investment in outsource contact provider Intelling Limited. The investment comes on the back of its continued growth for the business which is on track to report annual

The FTSE 100 Index climbed above the 7,000 mark on Friday for the first time in its history. It came as world markets were buoyed by a small recovery in the price of oil as well as hopeful signs over the Greek debt crisis.

Elliott Advisors, the US hedge fund group agitating for board changes at Alliance Trust has rebutted claims from the Dundee-based firm that its intentions are a threat to the company’s very existence. That claim was made on Friday by the 127 year-old Trust in a statement issued in response to Elli

The Royal Bank of Scotland has announced that it intends to sell part of its shareholding in its American subsidiary Citizens in an underwritten public follow-on offering. The Offering is expected to comprise 115 million shares of Citizens’ common stock, equivalent to 21 per cent of CFG’s common

KPMG has made a number of senior external appointments across its Scottish offices. Russell Irwin has joined KPMG’s Edinburgh office as a director supporting Sam Subesinghe leading the IT advisory and technology risk team in Scotland, as part of KPMG’s management consulting function.

Scots are increasingly more confident about their ability to repay debts according to PwC’s latest report on the consumer credit industry. The ‘big four’ firm’s ‘Precious Plastic: How Britons fell back in love with borrowing’ report found that only just over one in ten are worried about

Flaws in the insolvency system have been exposed by the collapse of delivery firm City Link, according to two groups of MPs. A joint report from two parliamentary committees has concluded that the current system is too heavily skewed in favour of investors over workers.

The Edinburgh-based Green Investment Bank (GIB) has announced plans to co-fund a £111 million recycling and waste-to-energy plant in South Lanarkshire despite protests from environmental campaigners. The government-funded bank said it had invested more than £28m in the new facility at Forth, due t