News

Over the past three months, the average property selling price in Edinburgh, the Lothians, Fife and the Borders was £248,009 – an increase of 2.1 per cent on the previous year. In Edinburgh, the average selling price was £265,748, a 1.8 per cent increase compared to last year.

Credit market data provider Fitch Solutions has agreed to integrate its country and industry research on a global data intelligence platform run by Scottish intelligence business Brainnwave. The partnership will see Fitch Solutions integrate its country and industry research on Brainnwave’s di

Nationwide is to repay customers after it failed to correctly warn them that they would be charged for entering an unarranged overdraft. The move comes after the building society was found to have broken Part 6 of the Competition and Markets Authority’s (CMA) Retail Banking Market Investigatio

Glasgow City Council has successfully delivered a challenging project to finance £500 million in equal pay claims. A report by the Accounts Commission, Scotland’s local authority watchdog, found that the council developed and demonstrated good governance arrangements throughout a complex

Aberdeen City Council has put more than 300 commercial properties up for sale in a bid to raise £45 million for local services. The local authority is selling 90 industrial units, 15 offices, 75 shops and 130 ground lease properties, the Evening Express reports.

A millionaire has claimed he burned over $1 million to stop his wife getting her hands on it in a messy divorce.

Leonard Curtis Business Rescue & Recovery Glasgow has secured the sale of the Carmelite Hotel in Aberdeen in a deal which will safeguard all 56 jobs. Michelle Eliot and Stuart Robb were appointed joint administrators of Carmelite (Aberdeen) Limited, operators of the Carmelite Hotel, on Friday 31

Invizius, the University of Edinburgh spin-out which is developing potentially lifesaving products for dialysis patients, has announced the appointment of James Robson as its chief financial officer.

Fintech firm FNZ has announced plans to grow its Scottish presence by establishing a new operations centre in Dundee and adding more than 200 roles across Edinburgh and the City of Discovery. The global platform as a service (PaaS) company, which serves financial services companies, opened its new D

Edinburgh-based investment firm Equity Gap invested £3.9 million last year in what the firm's directors hailed as a "strong performance".

Michelin has announced it is relaunching a scheme aimed at creating hundreds of jobs in Dundee and Angus. Michelin Development will provide funding and advice to firms with the potential to expand, providing high-quality, long-term employment.

Aberdeen-based James Milne Chartered Accountants (JMCA) is leading the way for gender balance in the accountancy sector, according to reports. More than two-thirds of the firm's 38 employees in Aberdeen, Inverurie and Banchory are women, The Press and Journal reports.

The general election has provided some clarity for Scottish businesses amid continued growth, albeit weak, according to one of the first major post-election surveys of Scotland’s business community. The latest Scottish Business Monitor, produced in a partnership between the Fraser of Allander

Law firm Murray Beith Murray has announced a number of internal promotions across its asset protection and property groups. Fraser Scott, who has been with Murray Beith Murray since 2015, has been promoted from senior solicitor to associate. He works in the firm’s asset protection group and sp

Pinsent Masons has advised Aberdeen-based John Wood Group PLC on the sale of its industrial services business to KAEFER, a technical services provider, for $104 million (£80m) and a further payment of up to around $14m (10.8m) pending achievement of agreed financial goals. The divestment is an