News

Debit and credit card transactions surpassed four in every five pounds spent in 2020, (81%, up from 78% in 2019), according to the latest Payments Survey released by the British Retail Consortium (BRC) The pandemic and digital shift mean that cash use now accounts for just 15% of total spending in r

Scotland’s onshore GDP fell by 0.2% in July, according to statistics announced today by Scotland's chief statistician. Output remains 2.4% below the pre-pandemic level in February 2020.

A couple who wanted to name their newborn son "Vladimir Putin" have been refused permission by Swedish authorities. The couple, who live in Laholm in south-western Sweden, submitted the name to authorities but were told it could "cause offence" or "distress" to their child.

Blair Nimmo and Alistair McAlinden of Interpath Advisory have been appointed joint administrators of Edinburgh-based Future Renewables Eco PLC with effect from 17 September 2021. FRE owns and operates ten wind turbines across nine sites in Scotland, England and Northern Ireland.

With many SMEs confronting an imminent cash flow crisis, caught between the covid related slowdown, longer-dated trading terms and the culmination of the furlough scheme, chartered accountants Wylie & Bisset are advising SMEs to plan for the worst and hope for the best. That’s because many

Edinburgh-based tech start-up Coastr has secured a £1.4 million investment through London-based investment platform GroVentive. Coastr’s cloud-based “all-in-one” vehicle rental management platform enables independent vehicle rental businesses to become fully digitised and com

Edinburgh-based ready meal provider Parsley Box has appointed Holly Mccomb as its new chief financial officer. Holly Mccomb has been to replace John Swan, who is retiring.

Recent data from Pay.UK and CICM has revealed the significant impact overdue payments have had on small businesses in the UK, with 60% of Scottish SMEs affected by overdue payments. This compares to the UK average of 51%.

Capital Credit Union has appointed Charline de Dorlodot as its new head of business development and marketing to spearhead a drive to recruit new members and to support existing members struggling to cope with Covid related financial problems. Charline de Dorlodot was previously head of marketing at

As the return to the office gets underway in earnest, investment into the Scottish commercial property market is seeing a resulting uplift, with Colliers noting that several deals have seen a ‘bidding war’ take place. This year has seen investment volumes in Glasgow reach almost £1

Avison Young has acted on the off-market acquisition of two modern prime DPD industrial units for around £20 million, on behalf of its client Aberdeen Standard Investments. The stand-alone units were purchased from real estate investment company Riverside Capital who had previously bought the

Murray Income Trust PLC, a fund managed by Aberdeen Standard Investments, has posted a Net Asset Value Total Return of 20.6% for the year to 30 June 2021. This is slightly behind the FTSE All-Share Index Total Return of 21.4%.

JPMorgan Chase today launched its new digital bank in the UK under the Chase brand. New customers can sign up through the company website, after which they will be invited to download the Chase app.

A new partnership designed to empower Scottish companies and help them become climate change leaders has been launched by the University of Edinburgh and Royal Bank of Scotland. The £1 million programme, supported by the bank’s 300 Fund, will see experts from the University’s Edinb

Knight Property Group has secured full planning consent from North Lanarkshire Council to develop a brand new £50 million logistics park at Bellshill Industrial Estate, on the site of the former Devro manufacturing facility.