News

A senior Brazilian politician was found with cash stuffed in his underpants when police raided his house in connection with the alleged theft of Covid-19 funds.

The former RBS office building in South Gyle, Edinburgh, has been placed on the market by NatWest, it was announced today. Covering 243,000 sq ft, Drummond House is situated on a 13.41-acre site which lies at the heart of Edinburgh’s main mixed-use regeneration zone. The area is undergoin

Business leaders fear a potential double hit from Covid and no-deal Brexit, new figures from the Institute of Directors reveal. In a survey of almost a thousand company directors conducted in late September, the majority said that the pandemic would magnify the impact of a no-deal Brexit on their or

Edinburgh Woollen Mill (EWM) is expected to appoint FRP Advisory as administrators next week as part of a restructuring, according to reports. The retailer, which moved its headquarters from the south of Scotland to north-west England nearly two years ago, aims to close 50 stores with the loss of 60

Personal insolvencies in Scotland have remained low due to Covid-19 emergency measures, according to the latest figures from the Accountant in Bankruptcy (AiB). There were 645 personal insolvencies in September 2020, nearly 40 per cent fewer than in September 2019.

Management accountant Greg Colgan has been appointed as the new chief executive of Dundee City Council. Mr Colgan, a Dundee native, graduated from the University of Dundee before completing his Chartered Institute of Management Accountants (CIMA) qualification with NCR in the city.

Aberdeen-headquartered global payroll specialist activpayroll has announced a new global partnership with absence management provider e-days. The partnership aims to harmonise the interdependent processes of absence management and global payroll by providing for seamless data integration betwee

Scottish cryptocurrency scam victim Jen McAdam is set to be portrayed on the big screen by Hollywood actress Kate Winslet.

Over 500 SMEs have joined action against Clydesdale Bank and National Australia Bank (NAB) as RGL Management Limited (RGL) issues a third wave of High Court claims over the banks’ Tailored Business Loans. Today, RGL filed a further tranche of claims in the ongoing group action against Cly

Linda Hanna has been appointed interim CEO at Scottish Enterprise. Steve Dunlop will leave Scottish Enterprise at the end of October, allowing for a two-week overlap to ensure a smooth transition.

Aberdeen Standard Investments (ASI) has launched the Aberdeen Standard SICAV I – Global Dynamic Dividend Fund. The fund will invest in a range of stocks across developed and emerging markets, aiming to deliver both a premium, monthly income stream as well as potential capital&nb

Scottish sausage-skin and food casings producer Devro has appointed Rohan Cummings as chief financial officer and chief executive director. Mr Cummings takes over from Jackie Callaway, who announced this summer that she was leaving the group to take up her new role at Coats Group.

Edinburgh-based waste management business NWH Group has invested in a £2 million recycling super plant that will save 20,000 tonnes of industrial waste from going into landfill each year with asset financing from HSBC UK.

Edinburgh-headquartered Star Pubs & Bars has been fined £2 million by the Pubs Code Adjudicator (PCA) after investigations found serious and repeated breached of the code over three years. The Heineken-owned group operates over 200 pubs across Scotland.

Dundee-based Albacom Ltd has reached a merger agreement with Kirriemuir-based energy storage company Genista Energy Ltd in a move that will create 20 skilled jobs in the next two years.  The six-figure deal is part of Albacom’s diversification strategy and will see the engineering an