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Advice Direct Scotland has revealed a significant rise in online investment scams this year, resulting in Scottish residents losing at least £120,000 to cyber criminals. The spike in fraudulent activity has largely been attributed to the misuse of social media platforms, such as Facebook, Twit

Energy firm Drax Group has received approval from the Scottish Government to construct a new £500 million underground pumped storage hydro plant at its existing Cruachan facility in Argyll. The decision, made through the Section 36 process, represents a significant step in Scotland's journey t

The Scottish Professional Football League (SPFL) has signed a multi-year extension to its partnership with the Loch Lomond Group.

The British Business Bank is working with Mint Ventures – Scotland’s women-led angel investment syndicate – to improve access to finance for female business owners and to grow the pool of women angel investors. With support from the Bank, Mint Ventures is raising awareness of the o

Proposals to allow HMRC to test new policies or processes on small groups of taxpayers before rolling out changes to the wider public will not address the real problems around the implementation of new policies or digital services, the Association of Taxation Technicians (ATT) has warned.

Financial services firm Armstrong Watson has welcomed industry veteran Brian Rudkin to helm its employment tax services. Joining from Johnston Carmichael, where he was director and head of employer services, Mr Rudkin has over 30 years' experience in the areas of employment taxes, staff reward

The Cumberland Building Society has invested more than £45 million into Scotland’s tourism sector in the last two years. Scotland’s tourism sector has faced increasing adversity in the last few years. The pandemic saw tourism nationwide face significant pressures and the recovery f

The UK's inflation rate witnessed a greater-than-expected drop to 7.9% in June, a 13-month low, due to a decrease in petrol prices, as reported by the Office for National Statistics (ONS). This figure represents a noteworthy decline from May's 8.7% inflation rate, the weakest since the onset of the

It is becoming increasingly common for businesses to face civil penalties of around £1m or more for breaching UK export control laws. Export control breaches are criminal offences, but the 1979 Customs and Excise Management Act allows HM Revenue and Customs (HMRC) to "compound" offences and of

STV Studios has secured a £21.4 million deal to acquire Greenbird Media, incorporating its network of 15 independent production companies and increasing the STV Studios' number of labels from nine to 24. The acquisition facilitates STV Studios' expansion with bases in Glasgow and London, and t

Scotland is set to host the 6th edition of its Fintech Festival, which celebrates remarkable achievements in fintech innovation. From September 21 to 12 October 2023, the festival will bring together fintech leaders, innovators, and enthusiasts from the UK, and beyond.

Despite a challenging economic climate, Scottish entrepreneurs remain ambitious, with 46% planning to expand their businesses in 2023, according to recent research from investment firm Rathbones.

Moray West, a significant offshore wind farm development, has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023. Moray West is situated 22km off

Wylie & Bisset has unveiled an array of promotions across various sectors of its organisation including audit, business advisory services, insolvency, payroll, and tax departments.  Sandy Hogg and Rory McCall have received promotions to associate director within the external audit team, ack

Scottish business confidence has surged by 28 points to reach a 50% mark in June, revealed by the recent Business Barometer survey from the Bank of Scotland Commercial Banking. This confidence is reflective of firms' optimism in both their individual prospects, which jumped 22 points to 52%, and the