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Aberdeen-headquartered construction industry consultancy McLeod + Aitken has undergone a management buyout (MBO), in a deal worth over £10 million. Existing directors Graeme Beaton, Mark Hirst, Alistair Seel and Grant Jamieson have assumed control from Duncan Moir, Mike Shirreffs and Matt

Roger Green discusses the announcement of a National Living Wage (NLW) increase to £12.21 per hour, exploring its potential impact on businesses and employees, and the importance of fair and sustainable wage growth. Yesterday, the UK government confirmed the National Living Wage (NLW) will ris

A Russian court has slapped Google with a fine of around $20 decillion (c. £15.44 decillion) – thousands of times more than the entire world's GDP. The preposterous penalty arises from a years-long court case brought by Russian TV channels which have been banned from YouTube since 2020,

Coinciding with its announcement of a better-than-expected 10% rise in pre-tax profits to $8.5 billion (c. £6.6bn) during Q3 2024, HSBC's CEO, Georges Elhedery, has dismissed speculation that the bank's recent restructuring signals a potential breakup. The restructuring, announced last week, w

Scottish businesses have called for a competitive tax system and solutions to skills shortages in Chancellor Rachel Reeves' first Budget, according to Bank of Scotland. BoS' Business Barometer reported that when asked about the key areas they want prioritised to support their businesses, 46% of

Glasgow businessman David Low has sold The Arlington, an iconic Glasgow pub he purchased three years ago, for an undisclosed sum to experienced operator Peter Di Ciacca, owner of Riva Restaurants. The bar, which has been operated continuously on the same Woodlands Road site since 1860, is one of the

Scottish councils are facing a severe financial crisis due to ongoing inflation, wage pressures, and rising service demands, according to a new report by the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Government Information Unit (LGIU).

The Scottish Retail Consortium (SRC) has welcomed the backing of Scottish Ministers over the reintroduction of tax-free shopping for international visitors. It comes ahead of the new Chancellor of the Exchequer’s UK Budget.

Dear Editor, I hope this finds you well. On the eve of the budget and with accountancy and legal professionals alike worrying and speculating on its contents, I shared the below poem on my LinkedIn to add a little levity to the discussion:

Begbies Traynor has appointed insolvency specialist Kevin Mapstone as a director based at its Edinburgh office. With over 25 years’ experience in financial services, Mr Mapstone joins from an insolvency firm in Paisley where he spent almost four years as an insolvency practitioner, having prev

Nicky Lloyd discusses how the Edinburgh rental market has performed after the first six months of changed legislation. October marked the first six months of the changed rental landscape in Scotland, following on from almost two years of the restrictions put in place on tenancies by The Cost of Livi

Scottish Financial Enterprise (SFE) has launched a new skills hub that will help thousands of Scots better understand the jobs and careers available in the financial services industry, helping them identify the right opportunities and apply for roles. The new getinto.finance digital platform, which

Edinburgh-based residential and commercial property developer AMA Newtown has confirmed it is the preferred bidder for Summerhall, the arts venue which was faced with a winding up petition at the start of this month. AMA has pledged that the arts will remain a priority in developing a sustainable fu

One of the world's largest banks is suing customers who believed they had discovered an "infinite money glitch". Thousands of people may have taken advantage of the so-called glitch, which was actually a form of cheque fraud which briefly became a viral sensation on TikTok and other social media pla

EY's UK partners have seen their average pay fall 5% to £723,000 this year, despite a 3% rise in revenue to £3.70 billion for the financial year ending 30 June 2024. The Big Four firm reported a compound annual growth rate (CAGR) of 10% for fee income over the last four years, while also