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Perth-headquartered energy firm SSE has warned it will have to reconsider its renewables investments after the UK government's newly announced 45% windfall tax. The levy on low carbon electricity generators was unveiled in last week's Autumn Statement with the aim to raise £14 billion in

Financial experts have warned the Scottish Government against introducing "less competitive rates of tax" in the wake of tax increases and spending cuts announced by Chancellor Jeremy Hunt this morning. In his first Autumn Statement, Mr Hunt extended the freeze on key allowances and thresholds, incl

The first 200 casks of Dunnet Bay Distillers’ Stannergill Whisky have been put on sale by Whisky Hammer. The Caithness-based distillery, which produces the internationally renowned Rock Rose Gin and Holy Grass Vodka, has just announced a £4m expansion into whisky, partnering with Ellon-b

A business survey by the Scottish Chambers of Commerce (SCC), has shown the Scottish economy struggling against a growing whirlwind of pressures including increased input costs, inflationary hikes, mis-judged economic policy choices by the UK government and increased pessimism over the global econom

NFU Mutual is today warning ghost brokers who buy fraudulent policies on behalf of others that they will be found out and could face prosecution. The mutual insurer is supporting the Insurance Fraud Bureau’s campaign to raise awareness of ghost broking, which can leave vulnerable people with i

Scottish data centre and multi-cloud services provider DataVita has appointed James King as its new business development director to lead its ambitions for international growth. A chartered accountant with a background in corporate and project finance, Mr King joins from the Scottish Futures Trust w

Accountancy and business advisory firm Johnston Carmichael has appointed Stephen Oates as its new head of entrepreneurial taxes. Mr Oates, who joins Johnston Carmichael from French Duncan, has more than 17 years’ experience in tax, with significant expertise in working with owner-managed busin

Wave power specialists Mocean Energy have strengthened their board as they plan to commercialise their Blue Star wave machine and raise investment. The Edinburgh firm has appointed experienced non-exec Torger Skillingstad as the company’s chair, with Lynne Ross, a specialist cleantech angel in

ScaleupScotland2.0, a new programme, has been announced which will provide strategic support to Scotland’s high growth, scaling companies. The programme is seeking high growth companies with the potential to achieve over £100 million turnover, and aims to raise ambition and support

The Consumer Prices Index has risen to 10.1% in the 12 months to July, the highest it has been since 1982. A 0.6% increase from 9.4% in June, now the highest level of inflation in 40 years, has surpassed economists' forecasts of 9.8%, worsening the cost of living crisis. Some experts speculate the B

High street banks in the UK have failed to mirror the Bank of England's latest interest rate hike to millions of savers, with customers stuck with rates as low as 0.01%. The UK's ten largest banks have still not increased rates on their easy access savings accounts after the 0.5% increase in the bas

abrdn Group's Murray International Trust Plc has released its interim results, reporting a net asset value total return of 3.8% for H1 2022.  The £1.77 billion fund focuses on long term growth in dividends and capital ahead of inflation by investing principally in global equities.

Employees at stricken McGill, the Dundee-based contractor, have contacted our sister publication Scottish Construction Now to raise concerns over their pensions - alleging that pension contributions deducted from some employees' wages have not been paid into the designated pension fund and clai

The Financial Reporting Council (FRC) has launched a consultation on its draft proposals for how the new regulator, the Audit, reporting and Governance Authority (ARGA), should be funded.This follows the Government Response to its consultation on Restoring Trust in Audit and Corporate Governance, wh

Fast-growth businesses in Scotland attracted over half a billion pounds of venture capital (VC) investment in the first half of 2022, according to the latest figures from KPMG UK. Despite investors becoming more cautious globally, there were 45 investments completed in Q2 2022, raising over &po