News

Scotland has seen a 164% increase in corporate insolvency numbers (liquidations and receiverships) in the fourth quarter of 2021-22, compared to the fourth quarter of 2020-21, at 240, against 91. According to the latest figures, the number of corporate insolvencies in Scotland stayed the same in Q4

Businesses operating in marine sectors in the Highlands and Islands have until 6 July to apply for funding to help make offshore production and transport green, clean and sustainable. Highlands and Islands Enterprise (HIE) is a partner in the multi-national GreenOffshoreTech project. The project aim

St Andrew’s business owners Glenn Malloy & Steve Davies have today announced the expansion of their popular retail offering in the St Andrews lifestyle store and cafe, Spoiled Life, with plans to open a new store on the horizon. The three-level store, established in February 2020, just as

Standard Life Investments Property Income Trust Limited (SLI), a company managed by abrdn, has posted its full annual results for the year ended 31 December 2021. The company reported financial resources of £50 million as at 31 December 2021 (2020: £55 million) available for investment t

Office take-up in Aberdeen in the first quarter of 2022 has already exceeded the total annual take-up for last year, with 195,905 sq ft of office deals completed in the first three months of the year, according to the latest research from Savills. By comparison, Savills says, the average Q1 tak

Confidence continues to return to Aberdeen’s industrial property market, after a strong first three months in 2022, according to analysis from Knight Frank. The independent commercial property consultancy found that 235,344 sq. ft. of industrial space was transacted during the first quarter of

The board of TSB has announced the permanent appointment of Robin Bulloch as CEO. Mr Bulloch has led TSB on an interim basis for the past four months, and prior to that was chief customer officer. He has a strong track record in retail banking spanning over four decades.

Financial mutual Scottish Friendly has reported record sales of £46.9 million for 2021, despite significant business and economic challenges. Total sales increased from £42m in 2020 to £46.9m in 2021. Sales of Scottish Friendly’s own-brand investment ISAs increased by 17% to

A woman has married her cat in a bizarre bid to prevent landlords from evicting her furry friend and to enjoy her lease under the same conditions. Deborah Hodge, a 49-year-old mother from London, organised a wedding ceremony overseen by an ordained friend to show her bond with cat India, Yahoo Life

The Scottish Retail Consortium (SRC) has called for 'early and concrete action' to sustain the drop in the Scottish shop vacancy rate. In the first quarter of 2022, the Scottish vacancy rate decreased to 15.8%, from 16.1% in Q4 2021. It was 0.5 percentage points higher than in the same point in 2021

The number of new tech companies incorporated in Scotland jumped 37% in 2021, according to new analysis by audit, tax and consulting firm RSM UK. A total of 1,055 tech businesses were incorporated in the region in 2021 according to an analysis of data held by Companies House, up from 772 in 2020.

Womble Bond Dickinson (WBD) has advised Build to Rent (BTR) developer PLATFORM_ on development and funding arrangements for its 464-home residential project in Edinburgh for SEK 1.5 billion (£124.4 million) by European real estate firm Heimstaden Bostad AB. Situated in the Bonnington regenerat

Henderson Loggie has announced the appointment of Gavin Black to its board, as the accountancy firm prepares for its next phase of expansion. Mr Black takes up the role with immediate effect.

Brown Shipley, the Edinburgh-based private bank, has appointed Mark Flynn as a managing director and head of Scotland. Mr Flynn, who joins the business in June, will focus on leading the next stage of Brown Shipley’s strategy in Scotland. His arrival demonstrates the business’ continued

Job vacancy numbers in Scotland remain resilient, but applications are on a continuous decline, according to recent research from the Association of Professional Staffing Companies (APSCo). The data, provided by Broadbean Technology, revealed that the IT sector accounted for the lion’s share o