Tunnock's, the Scottish confectionery firm, has announced a fourfold increase in pre-tax profits to £4 million for the year ending 24 February 2024. This surge comes despite the ongoing challenges posed by rising chocolate costs due to climate change and supply chain disruptions.
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Shabnam Hassan Khan, an Afghan refugee, has shared her story after graduating from the University of Dundee with a Masters in Accounting and Finance. Civil turmoil in Afghanistan in 2021 suddenly and severely limited access to education and development for women. This led the university to establish
David Alexander looks at the challenges Scottish businesses face in the current economic climate, discussing the rising corporate insolvencies and the need for empathetic and nuanced communication in resolving financial disputes. Many predicted that 2024 would be a tough year for businesses in Scotl
The Scottish National Investment Bank has made a £730,000 investment in DITT Construction Ltd to support the construction of six high-quality, one-bedroom homes in Lerwick. The homes are being designed for key workers and young professionals who can often struggle to find affordable housing. O
Tourism provided a £306 million boost to Angus' economy last year, according to an independent report. Research conducted by Global Tourism Solutions (GTS), using the Scottish Tourism Economic Activity Monitor (STEAM) model, highlights that tourism’s economic impact has increased by 27.2
Sulmara, a provider of innovative survey and inspection services to the offshore wind and energy markets, has secured an $18.9 million (c. £15m) investment from BGF. The Glasgow-headquartered business was founded in 2019 and has grown rapidly to more than $70m (c. £55.8m) annual revenue,
BTO Solicitors LLP has posted profits of £6.371 million, representing a 16.9% increase, for the 2023/2024 financial year. The law firm's latest Companies House filing shows turnover reached £19.575m, a 6.9% increase, for the same period.
Dyce-headquartered drilling waste management company TWMA has reported its Q3 2024 results, with revenue of $18 million (c. £14.2m) and an EBITDA for continuing operations of $4.9m (c. £3.9m), marking a 23% increase compared to the same period in 2023.
As Scotland anticipates the Budget announcement and a new government tax strategy on 4 December, Ross Stupart outlines what could help businesses to thrive north of the border. The Scottish Budget represents an opportunity to give Scotland’s businesses greater transparency on the government&rs
Beth Rehman CA has been appointed managing director of the Perle Hotels group, making her the second female MD of a hotel group in Scotland, in the company’s 10th anniversary year. Ms Rehman, who has been brand director at Perle Hotels since 2014, made the announcement at a reception on Skye,
The Financial Conduct Authority (FCA) has published the second phase of its consultation on proposals for a measured increase in transparency about its enforcement investigations.
Nationwide Building Society has announced a £2.3 billion gain from its recent acquisition of Virgin Money, exceeding its initial forecast of £1.5bn. This substantial gain comes as Nationwide reveals its final set of results as a standalone brand.
Coventry Building Society's acquisition of the Co-operative Bank has been approved by regulators, paving the way for the creation of a major banking force with combined assets of £89 billion. The £780 million deal, announced in May, will see the Co-op Bank return to its roots as a mutual
Azets Aberdeen has advised business owners and farmers on how to navigate "unfair" inheritance tax (IHT) changes announced in the Autumn Budget. From April 2026, proposed restrictions to both Business Property Relief (BPR) and Agricultural Property Relief (APR) will come into effect, while from 2027
Inverness-based investment group GEG Capital has strengthened its electrical and construction portfolio with the acquisitions of two Highland contractors. GEG said the strategic acquisitions of electrical contractor Calder Electrical and multi-trades construction company Scotbuild mark "an exciting