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‘Alarming’ rise in risk of double-dip

The dangers of a double-dip recession are growing “alarmingly”, a leading economist warned yesterday as a key survey showed a sharp slowdown in growth of the UK’s dominant services sector in August and big staff lay-offs.

City Refrigeration shows growth

City Refrigeration, the facilities management to building company owned by prominent Glasgow businessman Willie Haughey, continued to grow underlying profits last year, despite the recession.

Also in this section

Markets & Economy

US unemployment rate rises to 9.6%

Americans received unwanted news at the start of their Labour Day holiday weekend as the unemployment rate increased to 9.6% from 9.5% in line with forecasts.

Scottish engineering firms enjoy strongest expansion in 12 years

The Scottish engineering sector enjoyed extremely strong expansion in the latest three months, with trends in orders, output and optimism at their most positive in 12 years, a key industry survey reveals today.

Weak construction growth casts doubt over recovery

UK construction sector growth slowed for a third consecutive month in August, a key survey revealed yesterday.

Corporate & SME

Deveron Homes looking to rebuild business levels

Deveron Homes, the north-east housebuilder, saw its healthy profits almost disappear in 2009, according to results published at Companies House, but is confident of rebuilding its business to 2007 levels next year.

Chips are up as Lord steps into the Frae

Scottish former lawyers Donald Murray and Martyn Pollock have seen a number of celebrities come through the doors of their London-based frozen yoghurt chain Frae since it launched a year ago.

Blackface ewe lambs sell to £95 at Ayr

Messrs Craig Wilson Ltd sold 4399 Blackface ewe lambs, breeding sheep and store lambs at Ayr on Thursday when all classes were dearer.

Personal Finance

Bond rates dropped in line with downturn

A year ago, savings rates had rallied and the best one-year fixed rate bonds were paying almost 4%.

Switching financial providers for short-term savings can backfire

Switching your financial product to a new provider could be the way to save money in today’s belt-tightening times.

Pensions-for-all scheme ‘could hit’ contributions

More than 40% of larger employers are likely to reduce the future pension benefits of their employees to mitigate the costs of the Government’s ‘auto-enrolment’ scheme in two years’ time, according to a survey by the Association of Consulting Actuaries (ACA).

Analysis

Scotland’s broadband blues

Why are we in stuck in the digital slow lane … and what are we doing about it?

Accountancy Insider

Worry over debt shouldn’t be a barrier to qualifications

ACCA offers an alternative to university debt

Medical profession - beware of the Taxman’s Tax Health Plan, says ACCA

Medical professionals in Scotland face a potential investigation by HM Revenue & Customs (HMRC) following a low response to their Tax Health Plan - a disclosure regime launched earlier in 2010 aimed at doctors and dentists.

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Accountancy Insider brings together news and opinion from Scotland's leading accountancy professionals in conjunction with ACCA, the global body for professional accountants.