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The Competition and Markets Authority (CMA) has imposed fines totalling over £260 million for competition law breaches in relation to the supply of hydrocortisone tablets. The fines are the result of a CMA investigation into the conduct of several pharmaceutical firms which found that Aud

A new European grant secured by Highlands and Islands Enterprise (HIE) will help the agency to support innovation in the UK's marine sector. The funding will be used to support and encourage collaboration, particularly in areas relating to low carbon.

Thorntons Investments has appointed Andrew McLean as a discretionary portfolio manager. The firm said that his appointment strengthens its client proposition during a time of growth for the business.

Embark Group, a UK retirement solutions provider, has announced plans to hire over 50 people in Dundee over the next few months as it continues to build out its platform operations in the city. The new employees will be part of Embark Platform, which provides market-leading technology for corporates

More than one in four businesses that deferred tax payments during the initial lockdown last year still owe HMRC billions of pounds. A total of 156,500 out of 590,000 businesses that utilised Chancellor Rishi Sunak’s VAT deferral between March and June have failed to make contact with HMRC to

Partners at PwC are on track to receive a bumper sum of £868,000 – their biggest annual payout in recent history. The Big Four firm's 900 partners have been told they can expect average pay for the year to June 30 to be £818,000, up 19% on a year earlier, plus £50,000 from th

Scots are preparing to return to the daily commute when Covid-19 restrictions are lifted, with many willing to pay extra in travel costs to protect the environment, according to new research from PwC. With restrictions still in place, 40% of Scots are currently spending at least one day a week worki

The Artisanal Spirits Company (ASC), the owner of the Scotch Malt Whisky Society (SMWS), has reported a 20% growth in total sales to £7.9 million at the time of its Initial Public Offering (IPO) last month.

Betsy Williamson, founder and managing director of Core-Asset Consulting, highlights the increasing importance of sustainable investing, spurred by the pandemic, and is urging those within the sector to upskill, or risk becoming defunct. Sustainable investing has “come of age” thanks to

Gilson Gray Financial Management (GGFM) has acquired Glasgow-based financial services provider Westbourne Wealth Management, specialists in advising business owners and entrepreneurs, for an undisclosed sum. As part of the takeover, Richard Smith, the former owner of Westbourne Wealth Management, jo

The Competition and Markets Authority (CMA) is to be given new powers to fine companies that rip off customers, make misleading claims, or have unfair terms and conditions. It is expected that Kwasi Kwarteng, business secretary, will announce the proposals next week to strengthen the CMA's powers po

Grants to improve housing or build new homes in some of Scotland’s most remote and marginal communities have been awarded to 13 crofters. The Croft House Grants scheme aims to retain and attract people to rural and remote communities with the latest round of funding awarding grants worth &poun

Nearly three in four UK exporters have reported no sales growth in the second quarter of this year, according to the latest data published by the British Chambers of Commerce (BCC).

A state-approved dating app has been released in Iran to stem the tide of divorces. Hamdan, which means "companion" in Persian, claims to find matches "only for bachelors seeking permanent marriage" – and just one wife.

Edinburgh start-up social enterprise Willow Den has secured £725,000 from Social Investment Scotland (SIS) to launch a chain of outdoor nurseries in Scotland. Willow Den – a trading subsidiary of Inspiring Scotland - will offer Early Learning Childcare in exclusively outdoor settings for