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Fake olive oil worth almost $1 million (c. £767,000) has been seized from an alleged criminal gang in Italy. Italian police arrested seven people and raided more than a dozen garages and warehouses in the major overnight operation last week, CNN reports.

PwC UK has informed its employees of reduced bonuses in certain divisions, smaller pay rises, and a cutback on the popular half-day Fridays perk due to "challenging market conditions". In a memo, chief people officer Ian Elliott told the Big Four firm's 26,000 staff that while the overall bonus pool

Home sales in Scotland are expected to rise over the next three months despite a falloff in new buyer enquiries during June, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

Scottish spirits company Edrington reported an 11% rise in core revenue for the year ending 31 March 2024, reaching £1.16 billion. Profit before tax grew 6% to £411 million. The growth was driven by double-digit sales of The Macallan, particularly in the Asia Pacific region and the globa

Output for Scotland's private sector grew marginally in April, along with the third consecutive monthly rise in new business, according to the Royal Bank of Scotland Business Activity Index. The seasonally adjusted index, that measures the month-on-month change in the combined output of th

The UK economy has signalled a recovery after two years of stagnation as 0.6% growth was recorded for Q1. Growth in March surged by 0.4%, following a 0.2% rise in February, resulting in a quarterly growth of 0.6%. The expansion was predominantly driven by the services sector, with manufacturing also

Scotland's gross value added (GVA) is expected to rise by 0.4% this year, down from a previous forecast of 0.7%, according to the latest EY ITEM Club Scottish Spring forecast. A slightly stronger growth trajectory for 2025 is now projected — 1.7%, up from 1.4% — with sustained growth in

Shell has announced the expansion of its enterprise development initiative, Shell LiveWIRE, throughout Scotland to aid entrepreneurs in overcoming business obstacles. Initially launched in North-East Scotland, the programme now encompasses the entire country, offering support to businesses focusing

The average price of detached homes in Edinburgh has risen by over £1,000 a week over the last year, according to property firm DJ Alexander Ltd.

Business confidence in Scotland has risen significantly to its highest level since Q4 2021, as exports growth accelerated and cost pressures eased, a survey of business leaders has found. Sentiment tracked by ICAEW’s Business Confidence Monitor for Q1 2024 put confidence at 15.4 on the in

There has been a rise in optimism among CFOs of the UK's largest businesses, according to Deloitte’s latest CFO survey. A net 17% of CFOs are more positive about the financial prospects of their companies compared to three months ago, marking the third consecutive quarter of improved sentiment

Average Scottish house prices have risen £12,379 in the last 12 months, according to analysis of the latest official statistics by DJ Alexander Ltd. The Scottish lettings and estate agency said that the latest data from the monthly house price index shows that between February 2023 and January

The price of some popular Easter eggs have risen by 50% or more as climate change hits cocoa crops in West Africa.

The UK economy has exhibited indications of a potential recovery, as January's GDP growth of 0.2% reversed most of the decline experienced in the latter part of 2023. The rise, driven by a rebound in retail sales and robust construction activity, aligns with market expectations and could signify the

The latest Royal Bank of Scotland PMI has revealed a further rise in output across the Scottish private sector midway through the opening quarter. While below the UK-wide average, the headline Scotland Business Activity Index – a seasonally adjusted index that measures the month-on-month chang