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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

Edinburgh-headquartered Spotless Commercial Cleaning has acquired English firm Fluid Hygiene (FH), a hospitality sector cleaning specialist which has been operating for over three decade. Based in New Malden, Surrey, FH was set up in 1993 by its managing director Alister Gregson who now joins Spotle

Investment in Glasgow offices has already surpassed last year's total, reaching £198 million in the year-to-date, a 46% increase from 2023's £136m, according to Knight Frank. The deals figure signals a recovery in the city's commercial property market following the sharp rise in interest

Aberdeenshire-based energy solutions business OEG Energy Group has appointed Tom Murray CA as its new chief financial officer (CFO) with immediate effect. Mr Murray replaces Doug Fleming who has stepped down for personal reasons.

NatWest Group has posted a 26% jump in third-quarter profits to £1.7bn, exceeding expectations and raising its income forecast for the year. This strong performance comes despite a challenging UK economic outlook and follows a trend of positive results from other major UK banks.

Scotland’s luxury and mid market hotels have experienced a boost, as consumers are trading up their choice of hotels and demand for budget hotels falls amidst easing cost-of-living pressures, according to RSM. The RSM Hotels Tracker: Focus on Asset Classes, uses data compiled and produced by H

As we approach the Autumn Budget, the energy sector faces significant challenges, and the stakes for the North Sea industry have never been higher, writes Mark Brown. Recent developments surrounding the UK government's fiscal policies, particularly the Energy Profits Levy (EPL), have stirred deep co

Business activity among UK SMEs in the construction sector has expanded in the third quarter of the year with the NatWest SME Business Activity Index recording 55.1 in September.

International tourism in Scotland continues to outperform other parts of the UK, new figures have revealed. Covering the first six months of 2024, the Office for National Statistics (ONS) latest figures for the International Passenger Survey (IPS) show, there were a total of 1,975,000 visits to Scot

A growing number of businesses in Scotland are showing early signs of financial distress, according to Begbies Traynor. The independent business rescue and recovery specialist today published its latest Red Flag Alert data, showing a rise in financial distress in Scotland and the UK in the third qua

UK inflation fell to 1.7% in September, dropping below the Bank of England's 2% target for the first time since April 2021. This was driven by lower fuel prices and base effects from an unusually strong September 2023. However, economists expect inflation to rebound in October as energy prices rise

Donald Trump has loaned nearly £5 million to his Scottish golf course last year as the company faced mounting losses. Trump International Golf Club Scotland, which operates an 18-hole resort in Aberdeenshire, received a £4.7m interest-free loan from DJT Holdings, the parent company owned

Dundee-based SPAR wholesaler and convenience retailer CJ Lang & Son Ltd has reported a 14.2% rise in net turnover to £253 million and an 8% increase in pre-tax profits to £4m for the year ended 28 April 2024. In the last year, the family-owned business, acquired 12 new company stores

The UK economy grew by 0.2% in August, following two months of stagnation. This growth was seen across all major sectors, with a particularly strong rebound in manufacturing, construction, and professional services. While monthly figures can fluctuate, this rise, coupled with positive business surve

Scotland's housing market is showing promising signs of growth, with the highest level of optimism since early 2022, according to the Royal Institution of Chartered Surveyors (RICS). Despite a subdued September, The latest RICS Residential Market Survey reports a net balance of 33% of surveyors in S