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Gross domestic product (GDP) bounced back in January 2022, increasing by 0.8% after falling by 0.2% in December 2021, according to the latest figures published by the Office for National Statistics (ONS).

Craig Kennedy of Dentons examines coming changes to property ownership transparency in the UK. Recent events in Ukraine have resulted in a revival of the UK's Economic Crime Bill, which aims to make it much harder for overseas entities to hide wealth in UK property. The Bill made rapid progress thro

Tayside-based civil engineering contracting company Kilmac Limited is adopting employee ownership – guaranteeing the future of 130 jobs. Kilmac Limited is being placed in an Employee Ownership Trust (EOT) by its founders Athole McDonald and Richard Kilcullen, 18 years after its inception.

Business advisory firm Dow Schofield Watts, which has an office in Aberdeen, has earmarked £2 million in grant funding to attract professional services teams as it seeks to expand its footprint and open a second office in Scotland. The Dow Schofield Watts Entrepreneurship Grant scheme will be

Victims are losing more to bank transfer scams every hour than the average UK worker earns a year, according to new research from Which?.

Big Four accountancy firms EY and Deloitte have announced that they will close their operations in Russia in the wake of the country's invasion of Ukraine. EY has revealed that it will cut its 4,700-person business in Russia, while Deloitte announced yesterday that it would separate its operations i

Linlithgow-based investment advisory firm Alan Steel Asset Management (ASAM) has adopted employee ownership following the wishes of its late founder, Alan Steel. After setting up ASAM in his hometown of Linlithgow in 1975, Mr Steele began looking at a succession plan which coexisted with his values

Scottish offshore support vessel specialist Sentinel Marine has taken delivery of a new Multi-role Offshore Support Ship following a £62,000,000 refinancing package, equally split between HSBC Equipment Finance Ltd (HEF) and Clydesdale Bank.

HMRC has revealed that more than one million customers filed their late tax returns in February – taking advantage of the extra time to complete their Self Assessment without facing a penalty. About 12.2 million customers were expected to file a return for the 2020/21 tax year and more than 11

Annual UK house price growth increased to 12.6% in February, from 11.2% in January, according to the latest Nationwide House Price Index.

Arbroath-based AGR Automation, which designs, develops and manufactures bespoke advanced technology automation solutions, has secured a new multi-million-pound contract, with support from Bank of Scotland.

As the country begins to look at life beyond the pandemic, new research from Royal Bank of Scotland has revealed that nearly half (42%) of young people surveyed in Scotland view spending money on fun as more of a priority post-lockdown. Despite the renewed sense of freedom and recent relaxation of r

Scottish legal firm Anderson Strathern has appointed former Deloitte partner Mike McGregor as non-executive director, replacing Graeme Bissett on the firm’s board - Bissett had served two terms on the board since 2015. Mr McGregor spent over 26 years at Deloitte in Scotland, latterly with thei

Burges Salmon’s Corporate Finance team has advised oncology drug discovery accelerator, Cumulus Oncology Limited, on a significant investment fundraise of c. £4.1 million. The investment fundraise follows Cumulus Oncology’s inaugural investment fundraise of £1.7m, which Burge

Glasgow-based Spider Online has announced it is joining the growing number of employee-owned businesses in Scotland, with all staff being given a stake in the company. Founded by John Campbell and Tony O'Grady in 2004, Spider Online is an award-winning digital agency specialising in website and app