News

Work on a £1.13 billion City Deal that will bring tens of thousands of new jobs to Glasgow and the Clyde Valley is to formally begin this week after it was approved by ministers at the UK and Scottish governments. The City Deal, the biggest of its kind in the UK, will fund major infrastructure proj

The Bank of England has revealed that the number of mortgage approvals made to home-buyers rose to its highest level in six months in February. A total of 61,760 was reached over the past six months suggesting housing market activity is recovering after experiencing a lull during the latter part of

Scotland’s highest earners live in Aberdeenshire and Kincardine, according to analysis by NFU Mutual. Average income for all adults, including the self-employed in both areas was clocked at £27,600.

Dundee City Council is to set up a centralised team to deal with all payments after it emerged that dozens of suppliers were not paid within 30 days of submitting an invoice. Dundee has committed to setting up Purchase to Pay, and has rolled the scheme out in the housing, social work and education d

Alliance Trust chief executive Katherine Garrett-Cox, who is currently embroiled in an increasingly bitter dispute with an American activist investor to shake up the Dundee-based firm’s board, has now been short-listed for a prestigious national award. She is in the running for the Veuve Clicquot

Fred Goodwin, the disgraced former Royal Bank of Scotland chief executive has been ordered by a High Court judge to hand over personal e-mails he sent in the run-up to the bank’s 2008 share sale. At a hearing last week, Mr Justice Hillyardapproved the request to have the correspondence made public

Optimism in financial services rose strongly in the three months to March and profitability improved in most sectors, according to the latest CBI/PwC Financial Services Survey. Despite overall business volumes across the sectors continuing to increase, the pace of growth was the slowest in a year.

Confidence within the Scottish construction industry has reached a new record high of PLUS 29, up three points on the rating recorded at the end of 2014. This is the headline result of the most recentScottish Construction Monitor, a quarterly survey of the membership of the Scottish Building Federat

Johnston Carmichael is to enhance its integrated employment solutions offering with the strategic appointment of Richard Britten. Mr Britten (pictured), a seasoned tax and national insurance professional, has accumulated more than 20 years’ experience in international tax and employment taxation w

Edinburgh-based Lloyds Banking Group has committed to supporting key UK infrastructure projects within the Government’s National Infrastructure Plan over the next three years. The Group will provide financial assistance to infrastructure initiatives that have a total project value of £30bn by the

Current head of the Fire and Rescue Division at the Scottish Government, Richard Dennis, has been appointed the new chief executive officer ofAccountant in Bankruptcy (AiB). Boasting a long and distinguished career in the Civil Service, both in Scotland and at Whitehall, Dr Dennis (pictured) will jo

The latest complaints data published by the Financial Conduct Authority(FCA) has shown financial services firms received 2,183,540 new complaints (including those related to PPI) between July and December 2014. Overall complaints decreased by 7 per cent compared to the previous six months and by 12

Top dentists' incomes have gone up by more than a fifth as more people spend on cosmetic dental treatment, according to new research. Top dentists' incomes have gone up by more than a fifth as more people spend on cosmetic dental treatment, according to new research.

Perth-based energy giant SSE has agreed to sell a 16-megawatt onshore wind farm in Scotland to GE Financial Services, a unit of General Electric Co. Under the deal, GE will own and operate the 10-turbine project near Hawick when construction is finished in the first half, Perth, Scotland-based SSE s

Royal Bank of Scotland has today announced that it is to sell Coutts International, its internationally managed private banking and wealth management business, to Swiss bank Union Bancaire Privée (UBP). The Financial Times has reported that UBP will pay between $600m and $800m for the business.