News

Simply UK, a property construction group based in Glasgow, has opened the doors to a new care home in Inverness this week after securing a £7.2 million development loan from marketplace lender Assetz Capital. Castle Hill House comprises 88 beds and includes luxuries such as private dining

Paysend, the Edinburgh fintech business, has secured a licence to operate in Canada, expanding its worldwide footprint for its global money transfers service. Paysend will launch the service to Canadian consumers early in 2020.

Perthshire-based agricultural software firm Duradiamond Software is targeting its highest turnover to date after securing new contracts across the UK, Republic of Ireland, South Africa and Australia after receiving advice and support from Business Gateway. Duradiamond Software specialises

The Competition and Markets Authority (CMA) has approved the proposed £500 million sale of SSE's Energy Services to Ovo. In October, the CMA launched an enquiry into the £300m purchase of the retail arm of SSE after the firm announced its intention to buy SSE the month prior.

Ted Baker CEO Lindsay Page and chairman David Bernstein have resigned as the fashion retailer issues a profit warning amid accountancy issues. Ms Page was only appointed as CEO in April this year.

UK construction companies are continuing to increase their cash reserves but are earning little to no interest on their money as it’s sitting in low or zero interest accounts, new research has revealed.

A pensioner accidentally sent £193,000 to the wrong person after typing one digit of the sort code wrong whilst sending his banking details to his solicitor to receive an inheritance payment.

Accountant James Dempster has been appointed as a senior manager of Leonard Curtis' Scottish team. Mr Dempster joins the team within the group's Business Rescue and Recovery division based on Waterloo street in Glasgow.

Former RBS Edinburgh senior finance manager Neeraj Kapur has been appointed as the new chief financial officer of Provident Financial. Mr Kapur will join the Board and start as chief financial officer on 1 April 2020.

Challenger accountant BDO has rivalled The Big Four accountancy companies as it has taken on nine FTSE 250 audit clients this year. BDO's expanded client base comes as 'The Big Four' (Deloitte, PwC, EY and KPMG) increase their fees and cast off risky customers.

A Dundee-based McDonald’s franchise business has purchased a fourth restaurant and is investing in a new drive-thru lane after securing seven-figure funding from HSBC UK. Elm Restaurants, which is owned by franchise entrepreneur Nick McPartland, has purchased McDonald’s in Forfar from Mc

Julie Scott, chief executive of Standard Life 1825, the financial planning business of Standard Life Aberdeen discusses various aspects of the business in an interview with The Herald. Ms Scott's discussion ranges from the company’s expansion plans to Brexit and how savers are dealing with the

Business activity across Scotland's private sector increased for the first time since August in November, according to the latest Royal Bank of Scotland PMI. The index has highlighted that key to the renewed growth was a marginal uptick in order book volumes, the first for five months, alongside the

The number of million-pound-plus properties sold in Edinburgh, which grew by 41% to reach 18 in the first half of 2019, accounted for 66% of all million-pound houses sold in Scotland during that period, according to Bank of Scotland.

Edinburgh-based Cyan Forensics has secured £1.3 million in funding from Triple Point Investment Management, Mercia, SIS Ventures, the Scottish Investment Bank and private investors. Cyan Forensics' digital analysis tool can find terrorist handbooks or child sexual abuse material on devices wit