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Business confidence in Scotland fell 14 points during June to 43%, according to the latest Business Barometer from Bank of Scotland. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 16 points at 44%. When taken alongside their optimism in the econo

UK economic growth in Q1 2024 was marginally stronger than initial estimates, revised upwards to 0.7% from 0.6%, according to the Office for National Statistics. National accounts for the first quarter showed the rise was fuelled by consumer spending and net trade, though slightly offset by weaker b

Sir Philip Davies, a senior Conservative candidate, has come under scrutiny after allegedly betting £8,000 on losing his seat in the upcoming general election. Sir Davies, who has been the conservative MP for Shipley since 2005, has neither confirmed nor denied the claims, but insisted he had

Paul Denton, CEO of Scottish Building Society, has been elected president of The Chartered Banker Institute, the first time in the body’s near 150-year history that a building society representative has held the post. The Chartered Banker Institute is a global industry body headquartered in Sc

Earlier this week, Buckinghamshire-based businessman Aasim Johar was jailed for seven years for his role in a £3.3 million cleaning products fraud at the University of Edinburgh which ran from 2005 until 2015. Johar had been acting together with Geoff Turnbull who, at the time of the offence,

Scotland's commercial property market saw £272 million in transactions in Q2 2024, a 15% decrease compared to Q2 2023 and 31% below the 5-year average, according to Lismore Real Estate Advisors. The property advisory firm says a smaller number of larger ticket sales, combined with continued un

EY Scotland has appointed seven new partners and elevated an existing partner to equity partner. Will Asher, Mark Higgins, Laura Mitchell, Fiona Queen, Richard Rainey, Ross Robertson, and Mike Winn have been appointed partners. Tom Sanders, who was appointed partner in the Aberdeen practice in

Burness Paull has reported strong results for its financial year ended 31 March 2024 – a shortened eight-month reporting period following the firm’s decision to change its year-end following HMRC’s basis period reforms. Turnover for the eight months was £60.1 million and prof

Edinburgh-headquartered communications platform Legado has extended its reach across the financial services sector with FTSE 250 wealth manager Quilter among business wins this year. With its technology streamlining customer communications and reducing operational costs, Legado has also expanded its

GRAHAM has surpassed the £1 billion turnover milestone for a second consecutive year as it saw revenue increased to £1.125bn. The headline figure from recently published accounts for the year ending 31 March 2024 shows a 2.8% increase on the group’s 2023 results of £1.09bn.

ScottishPower has appointed Charles Langan as its new chief financial officer and Nicola Connelly as chief executive of SP Energy Networks. Both are established leaders within ScottishPower with Mr Langan previously holding senior finance roles in the UK and Spain, notably managing the Iberdrola Gro

Close Brothers Asset Management (CBAM) has appointed Marcelo Rodrigues as managing director for Scotland, where he will be responsible for CBAM’s HNW advice presence and capabilities across the country. Joining from Schroders Personal Wealth in Scotland and Northern Ireland where he was respon

Park Property Management has acquired the residential factoring division of Lorimer Property Group based in East Kilbride. The acquisition is part of Park PM’s strategic growth plan and brings the value of assets in its estate to over £1 billion under management, creating one of Scotland

Accountancy firm Infinity Partnership has raised £6,150 for the Aberdeen Lads Club Community Project through its participation in the Aberdeen Kiltwalk. Simon Cowie, managing partner at the Aberdeen-based firm, and his wife, office manager Tracy Cowie, completed the 18-mile walk from Duthie Pa

A construction company has been ordered to demolish a luxury home it inadvertently built on the wrong site. The three-bedroom home, valued at $500,000 (around £400,000), was built in Hawaiian Paradise Park, which is divided into a number of one-acre lots.