News

The number of alleged fraud cases exceeding £100,000 has risen dramatically in the first half of 2022, according to KPMG UK’s latest fraud barometer. A total of 14 cases with a total value of £14 million reached Scottish courts in the first six months of the year &nd

Aberdeen Retail 1 Limited and Aberdeen Retail 2 Limited, the Guernsey-based owners and operators of the Bon Accord shopping centre in the centre of Aberdeen, have been placed in administration.

Measures to protect living standards, assist retailers to keep down shop prices, and help retail destinations rebound should be at the heart of the upcoming Scottish Budget, according to the Scottish Retail Consortium (SRC). 

Finance leaders have welcomed a statement issued by deputy first minister John Swinney today, committing both the Scottish Government and one of Scotland's biggest industries to maintaining close collaboration aimed at tackling the "rapidly escalating" cost crisis for households and businesses. The

Dundee-based printing business Tayprint Ltd has been placed into liquidation. Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed as joint provisional liquidators.

Business confidence in Scotland fell 11 points during August to 5%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies across the country reported lower confidence in their own business prospects month-on-month, down 29 points at 3%. When taken alongside

Marsh Commercial, a UK insurance broker and risk advisor, has appointed Neil Murray as head of office in Dundee. Mr Murray, who has been in the industry for 23 years, will report to Martin McKenna, regional director – Scotland (Central), Marsh Commercial. His appointment comes alongside the Du

French tax authorities have benefitted from new artificial intelligence (AI) technology bringing in an extra €10 million (£8.5m) in tax revenue. The AI technology, developed by Google and Capgemini, was used to detect undeclared swimming pools in France. It was being trialled in the regio

New research predicts that the economy will go into recession before the end of the year, lasting until 2024, and that inflation could double, reaching a peak of 22.4% early next year. The research from American investment bank, Goldman Sachs, has projected higher inflation levels than Citi bank's f

Clyde Munro has struck a deal and acquired two Edinburgh dental practices for an undisclosed sum. The deal was made with married dentists, Duncan Sandland and Suzanne Seaton, to acquire their Colinton Dental and Riccarton Dental practices after nearly two decades in charge.

DataVita has announced plans to invest £8 million to expand the capacity of its flagship Fortis data centre. The Scottish data centre and multi-cloud services provider will add an extra 400 racks to its data centre, taking Fortis up to 1,500 sq. m. of technical space. The expansion also opens

Progress has been made towards recovering £21 million in illicit gains made by the former director of Midas Financial Solutions, who scammed investors out of £13m, the High Court in Edinburgh has heard. The legal bid to recover the £21m came from prosecutors who are trying to seize

Wave power specialists Mocean Energy have strengthened their board as they plan to commercialise their Blue Star wave machine and raise investment. The Edinburgh firm has appointed experienced non-exec Torger Skillingstad as the company’s chair, with Lynne Ross, a specialist cleantech angel in

Yorkshire based commercial finance consultancy, ABL, has grown its operations in Scotland with the appointment of Neil Kindness as regional managing director. The hire follows the commercial finance consultancy’s announcement in April of a major recruitment drive as joint managing directors Al

Independent financial advisory firm, Phil Anderson Financial Services, has signed a one-year contract to sponsor the home strip of Sunnybank Football Club for the 2022/2023 season. The Aberdeen junior team recently kicked off the McBookie.com NRJFA Championship in their new home strip featuring the