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Despite facing hurdles such as rising costs, staffing issues, and legislative changes, Scotland's hospitality sector has significant opportunities for growth and expansion, according to financial experts from the Cumberland Building Society, Harper Macleod LLP, EQ Accountants LLP, and Graham + Sibba

Northern Irish private investment firm Wirefox has expanded its leisure portfolio with the purchase of the Ducks Inn in East Lothian.

Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy. This reflects a substantial 19.

Scottish financial advisory firm Carbon Financial Partners is poised for acquisition by Leeds-based professional services company Progeny for an undisclosed sum. The acquisition is set to boost Progeny’s assets under management by £600 million. Regulatory approval from the Financial Cond

Accountancy firm Johnston Carmichael has intensified its commitment to fostering talent by welcoming 90 new students to the firm.

Wikipedia has received a controversial offer from billionaire Elon Musk to rename itself in exchange for $1 billion. He asked the platform to rename itself to "Dickipedia". This peculiar offer follows Mr Musk's criticism of the Wikimedia Foundation's fundraising methods, questioning why the non-prof

Edinburgh-headquartered pharmaceutical firm Kelso Pharma has expanded its portfolio with the acquisition of two UK approved dermatological products, marking its debut in the treatment of actinic keratoses and plaque psoriasis. The two dermatology products were purchased from an organisation within t

PwC's global firms have reported a record revenue of $53.1 billion (around £43.5bn) in the financial year ending 30 June 2023, marking a 9.9% growth in local currency. This achievement comes despite the exclusion of the Russian firm from the network and the sale of the global mobility and immi

Scottish oatcake producer Nairn's has appointed a new managing director, Colin Dingwall, and a new marketing director, Kevin Butterworth. Mr Dingwall is currently Nairn’s finance director and is stepping up to the top job in May 2024. Previously, he was director of finance and investor relatio

Duncan Bauchop delves into the repercussions of recent legislative changes in Scotland's private rental sector, discussing how emergency provisions and impending long-term rent controls are impacting landlords and tenants, potentially eroding the housing base. On 2nd June 2020, residents of Eas

Law firm Burges Salmon, which has a major office in Edinburgh, has reported an 8% increase in turnover to £128.2 million in the latest financial year. In the financial year ending 30 April 2023, the firm also saw a dip in profit per equity partner (PEP) from £517,000 to £466,000 as

Alba Bank, founded by Scottish entrepreneur Jim McColl, has partnered with ClearBank, the enabler of real-time clearing and embedded banking, to manage payments for its customers. Alba Bank will be leveraging ClearBank and Mambu's partnership to offer near real-time payments to its customer base and

Risk control and assurance software and services provider STC INSISO has appointed five professionals in its commercial and technology innovation departments, underscoring its global expansion focus. Three new recruits have been added to the commercial team with Euan Henderson joining as busine

The UK government's potential reduction in stamp duty has sparked calls for similar cuts in Scotland, where the current land and buildings transaction tax (LBTT) imposes higher costs on homebuyers, particularly first-timers and those purchasing properties over £325,000. Estate and letting agen

High interest rates are preventing investment in the Scottish economy, according to the latest Scottish Chambers of Commerce Quarterly Economic Indicator. Concern over interest rates has seen a significant increase over the quarter, rising from 37% of firms in the last quarter to half of firms, whic