Scotland has recorded its ninth consecutive month of growth, with data, from the latest Royal Bank Regional Growth Tracker, showing that the country has continued on a positive growth trajectory in 2024, but at a slower rate in the four weeks to September. Headline Business Activity Index fell to 51
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Business confidence in Scotland has slightly declined, but remains high and broadly in line with the UK average, according to ICAEW. Sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) for Q3 2024, which surveys business leaders, put confidence at 14.2 on the index, down from 15.4 i
A charity manager who fraudulently obtained more than £95,000 from two cancer foundations and channelled the cash into family bank accounts over a period of 10 years has been jailed for three years. Lindsay MacCallum, 61, fraudulently obtained £85,978.48 from the Friends of Rainbow Valle
Campion Homes has posted strong financial results for the year ended 30 June 2024, with a 122% increase in gross profit to £7.6 million and a 24% rise in turnover to £45m. Net assets also increased by £2.2m to £12.7m. This follows a steady level of private house sales and con
The Financial Reporting Council (FRC) has updated its guidance for actuaries using artificial intelligence and machine learning (AI/ML). The revised guidance helps actuaries apply the principles of Technical Actuarial Standard 100 (TAS 100) when using these techniques, ensuring the continued product
Dundee-based JTC, a leading manufacturer of kitchens, bedrooms, and bathrooms, has announced its highest profits in over a decade. JTC saw a significant rise in sales from £25.1 million in 2022 to £29.3m in 2023, with pre-tax profits reaching £1.4m. This success comes after a chall
Scottish shopper numbers rose slightly in September, but this hasn't translated into increased sales, according to the Scottish Retail Consortium (SRC).
Scotland's hotels have seen a surge in occupancy, room rates, and profits this August, exceeding the rest of the UK, according to RSM.
The Scottish Professional Football League (SPFL) has grown its turnover to £44.3 million – the highest ever figure in the league’s history, according to its newly-published annual accounts. The SPFL’s latest figures reveal turnover has risen by £2.4m (6%), from last yea
Almost all aspects of the Tayside property market are showing "considerable growth", according to Tayside Solicitors Property Centre (TSPC). From July to September 2024, a total of 608 homes were sold, a 16% increase on the second quarter of 2024, with a combined value of £111,326,738. The ave
The minimum price per unit of alcohol has increased by 15p. MSPs previously voted to continue the public health measure which had been scheduled to end automatically on 30 April as part of a sunset clause when minimum unit pricing (MUP) legislation was introduced in 2018.
Deloitte UK partners have seen their average pay fall by £48,000 to £1.012 million in the year ending May 2024. This decrease comes despite a 2% rise in total revenue to £5.7 billion, driven by strong performance in tax, legal, and auditing. However, it remains the only Big Four fi
The UK economy grew by 0.5% in the second quarter of 2024, slightly less than initial estimates of 6%, according to the Office for National Statistics. Despite the slowdown, there are signs of improvement, including a rise in the household saving ratio and GDP per head.
Amazon UK has paid corporation tax for the first time since 2020 after the super-deduction tax break introduced by Rishi Sunak came to an end.
Paul Diggle, chief economist at abrdn, has highlighted the firm's expectation for the major developed market policy rates to eventually fall below 3% by the end of this cutting cycle in 2026. He said: "We maintain our call for a soft landing in the US economy, as inflation risks have moderated and r
