Travel and tourism has driven demand for Scottish heritage products such as shortbread, as sales of Walker's Shortbread in airports and train stations have risen by 150% in the past year. The family-owned company, based in the Scottish Highlands with 125 years of history, has witnessed an increased
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Audit fees for major UK companies have seen a significant uptick over the past year, as the demand for enhanced audit quality has grown following various industry scandals. Data from Thomson Reuters highlighted that the top 500 UK companies, including prominent names such as Tesco, Barclays, and Uni
Average house prices in Scotland have risen by 1.57% between June 2022 and May 2023 and recorded substantial variations across the country. Edinburgh had the largest increase among Scotland’s main cities over the year rising by 3.35% with May’s figure of £334,118 the second highest
Scottish businesses are exhibiting greater confidence in their growth over the next year, compared to the European average, according to the latest Accenture / S&P Global UK Business Outlook. This optimism, despite a decline from +35% in February to +22% currently, surpasses the European level o
Edrington, the Glasgow-based whisky distiller, comprising prestigious brands including The Macallan and Famous Grouse, has reported a 43% rise in pre-tax profits and exceeding £1 billion in core revenue for the first time, marking a milestone in the company's financial performance. This growth
In a report launched today by accountancy and business advisory firm BDO LLP, figures show up to £1.3 billion has been deployed into circular economy investments in 12 months. According to the report, disclosed capital deployed has increased by 10% from £788 million in 2021 to £879
Despite falling petrol prices having a positive effect on inflation, the consumer price index (CPI) unexpectedly jumped 0.3% to 10.4%.
In its preliminary results for the year ended 31 December 2022, Savills has posted revenues of £2.3 billion, a 7% year-on-year rise, and a 16% drop in pre-tax profits to £153.9m. Net cash at the group also decreased to £307.4m, down from £340.7m in 2021.
A majority of households would support an increase in the minimum level of auto-enrolment contributions by employees despite households’ perceptions of deteriorating future finances, according to the latest survey data from the Scottish Widows Future Finance Index.
Dunglass Estate has seen a 75% increase in weddings in 2022 compared to 2021 and is receiving 39% more enquires this month compared to last year, following the completion of a £780,000 renovation.
House prices in Scotland continued to rise through the last quarter of 2022, but at the slowest rate since mid-2020 according to the December 2022 RICS UK Residential Survey.
The luxury Gleneagles Hotel in Auchterarder has rebounded after two years of multi-million-pound losses posting a £50 million rise in sales.
Equity investment levels in Scotland’s smaller businesses continued to rise during the first half of 2022, despite well-publicised economic headwinds, according to new research published as part of the British Business Bank’s annual Nations and Regions Tracker. A total of £411 mill
New data from the Accountant in Bankruptcy (AiB) has shown an increase in both corporate and personal insolvencies. Corporate insolvencies rose to 270 for Q2 2022-23 up from 221 for the same period last year, a significant increase of 28%. Likewise total personal insolvencies reached 2,069, a 7.7% y
A near 1.7 million invoices were overdue the books of Scottish businesses in the last quarter, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows 1,696,445 invoices were overdue in Scotland in Q3 – an increase of
