An Islamic investment platform has had six of its adverts, which pictured burning money, banned by the Advertising Standards Authority (ASA). Wahed Invest's posters, featured on Transport for London (TfL) services, showed US dollar and euro banknotes on fire, alongside images of Muslim preacher Isma
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People from across the South of Scotland are being encouraged to apply to become a member of the Regional Economic Partnership (REP).
Donnie Munro discusses the current M&A market in Scotland, which is experiencing high activity due to anticipated tax changes, and highlights the rising trend of vendor initiated management buyouts (VIMBOs) as an attractive exit strategy for business owners. The corporate mergers and acquisition
Macfarlane Group has acquired The Pitreavie Group, a fellow Glasgow-based business, in a deal worth £18 million. This includes an earn-out of up to £4.0m over two years. The acquisition aligns with Macfarlane's strategy of expanding its protective packaging business through organic and a
Scotland's hotel sector enjoyed a buoyant November, with occupancy rising to 78.1% from 74.6% the previous year, according to RSM's Hotels Tracker.
Rettie's land and development team has advised on over £750 million worth of residential property projects during 2024, equating to over 2,200 residential units during the year. Development partners and clients included Thriving Investments, Forth Ports, CCG, S1 Developments, and Moda.
Burges Salmon has advised real estate and leisure investment firm London and Regional Properties (L+R) on its acquisition of Holiday Inn Express Folkestone for its Atlas Hotels brand. Located near the Eurotunnel, the Folkestone acquisition supports Atlas Hotels’ vision to grow in key locations
Lindsays has appointed Michael Kitson as a director in its commercial property team in Edinburgh. With 14 years of experience, most recently with BTO, Mr Kitson has considerable experience in advising a range of clients across the private and public sectors, supporting developers, contractors,
A judge has annulled a marriage where the bride was tricked into going along with what she believed was a fake wedding organised as a social media prank. The woman said she was invited to what she was told was a "white party" – where everyone is expected to wear white – by a man she had
Insurance broker Gallagher has relocated its Edinburgh operations to a new city centre office. The move to fully refurbished premises at Waverley Gate, Waterloo Place brings together over 90 employees from various divisions, including insurance broking, employee benefits, and claims management, unde
Chief financial officers (CFOs) are prioritising cost reduction in the face of falling business optimism, which has reached a two-year low in Q4, according to Deloitte. The Big Four firm's latest survey of UK CFOs has shows that a net 26% of CFOs are feeling more pessimistic about their business pro
EY's failed attempt to spin off its consulting arm, known as Project Everest, left the firm with a hefty debt that took longer than expected to clear, according to its latest yearly account. Despite aiming to repay the $700 million (c. £575m) credit facility by July 2024, the Big Four firm sti
Airdrie-based DataVita, a provider of critical digital infrastructure and cloud solutions, has delivered record total sales of £13.34 million in the year ending 30 June 2024, a 46% increase from £9.12 million the previous year. Gross margin improved by 62%, reaching £6.15m, reflect
The pound plummeted to a 14-month low against the dollar on Monday, driven by a global market downturn sparked by expectations of a single interest rate cut from the US Federal Reserve this year. Sterling fell as much as 0.7% to $1.211, underperforming other major currencies.
Following the increases announced in the Autumn Budget to employer National Insurance Contributions and National Minimum Wage, UK businesses' profit growth expectations remain low and many are looking to review employee costs across the board including implementing hiring freezes, according to Grant