News



Financial adviser expands into Scotland with new acquisition

Progeny Group has announced the acquisition of Edinburgh’s Innovate Financial Services, marking the English wealth manager and financial planning firm’s first expansion into Scotland.

Published 11 February 2019

RBS bosses to share £335m bonus pot as profits continue

Royal Bank of Scotland is set to this week post its second consecutive annual profits notice and hand out a £335m bonus pot to staff, a decade since its £45 billion government bailout.

Published 11 February 2019

National investment bank consultation results published

The Scottish Government has today published the analysis of responses to the public consultation on the Scottish National Investment Bank Bill which ran from September to October last year.

Published 11 February 2019

UK GDP slumps to four year low

The latest figures from the Office for National Statistics (ONS), published today, show that the UK’s economy grew by just 0.2 per cent during the fourth quarter of 2018, down from 0.6 per cent over the three months to September.

Published 11 February 2019

Scottish output declines further in January as business confidence falls

Output across Scotland's private economy declined for a second successive month at the start of 2019, the first time since August 2016 that a back-to-back drop in activity has been recorded.

Published 11 February 2019

Insolvency specialist elected to CBI Scotland Council

Shepherd and Wedderburn partner Yvonne Brady, specialist insolvency advisor in the firm's corporate & restructuring recovery team, has been elected to the CBI (Confederation of British Industry) Scotland Council.

Published 11 February 2019

Spike in number of vacant Scottish shops signals troubling times

The town centre vacancy rate for Scotland was 12.0 per cent last month, an increase from 11.1 per cent in October 2018, and above the average vacancy rate for the UK, which is 9.9 per cent.

Published 11 February 2019

Blog: Construction sub-contractor left out of pocket after VAT case

In the recent J&B Hopkins (“J&BH”) Upper Tier Tax Tribunal VAT case, the court agreed with HMRC’s view that the business should be assessed for underpaid VAT, even though the business felt that HMRC would unfairly benefit from such an assessment, writes Tony Cochrane, VAT senior manager at Johnston Carmichael.

Published 11 February 2019

Final members appointed to Scottish Infrastructure Commission

An independent commission to advise on a 30-year strategy for infrastructure investment has appointed its final members.

Published 11 February 2019

Plans lodged for second phase of Fountainbridge regeneration

Vastint Hospitality is to continue its regeneration of Edinburgh’s Fountainbridge with the submission of new mixed-use proposals.

Published 11 February 2019

Scottish SMEs call on MPs for immigration changes

Proposed changes to the UK’s immigration system don’t meet the needs of Scotland’s business community, the Federation of Small Businesses (FSB) will warn an influential committee of MPs tomorrow.

Published 11 February 2019

NFU Perth celebrates AGM award win

NFU Scotland’s Perth branch agents attended the insurer’s AGM held at the Radisson Blue hotel in Glasgow last week where they were awarded The Membership Flame Award.

Published 11 February 2019

And finally... geriatric delinquents

An elderly crime wave appears to be sweeping Japan because pensioners are seeking jail time in a bid to save money.

Published 11 February 2019

Council approves Edinburgh tourist tax plan as accountant queries VAT implications

Scotland’s capital has taken another step towards becoming the first UK city to charge a tourist tax after the move was approved by Edinburgh city councillors.

Published 8 February 2019

SAINTS fund raises payout for the 39th year in a row

The Edinburgh-based Scottish American Investment Trust (SAINTS), which counts  Coca-Cola and Microsoft among its most significant holdings, has announced market-beating returns for its shareholders for 2018 and raised its payout for the 39th year in a row.

Published 8 February 2019