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Diageo, the world's largest spirits company, has revealed a significant slump in annual profits and expanded its cost-cutting programme as it searches for a new chief executive following the resignation of Debra Crew.

SolarisKit, a Dundee company that launched a pioneering thermal collector flat pack kit following support from Royal Bank of Scotland’s Climate Entrepreneur Accelerator, has been accepted onto Amazon Launchpad, enabling the product to be offered globally. The firm was established in 2019 by me

A Perthshire business is turning away paying customers who want to use cash because the owners now face a two hour round trip to deposit it after the local bank closed its doors this week.

Gordon Hobkirk Aberdeen corporate lawyer, Gordon Hobkirk, has returned to Maclay Murray & Spens LLP (MMS), in a move that coincides with the appointment of Andrew Orr as partner in its growing capital projects practice. Mr Orr is ranked as a “leading individual” by the Legal 500. The hires f

Converge, a company creation initiative for Scotland’s universities and research institutes, has opened this year's challenges — dispelling the myth that you need to call yourself an “entrepreneur” to set up a business. The initiative – which helps staff, students, and

An accountant who refused a court order to demolish his 'man cave' that was built without planning consent has been jailed for six weeks. Graham Wildin, of Cinderford, built a £10,000 leisure extension to his home in 2014 complete with a cinema, squash court, classic car, casino

Swipii staff celebrate the new cash injection. Swipii, the Glasgow-based loyalty and marketing resource for small businesses has recently raised $2.5 million through new investor funding.

Stephen Welton The Business Growth Fund (BGF), an initiative designed to pick up the slack in funding for small firms since the financial crisis, has committed £100 million in Scotland, and a total of £500 million, since its inception four years ago.

The Royal Yacht Britannia Trust has announced the appointment of Franck Bruyère as its new Chief Executive. Mr Bruyère, currently the trust's director of hospitality, brings over 25 years of global experience to the role, having worked in iconic hotels such as the InterContinental Pari

A homeowner who was unable to maintain his monthly mortgage payments has successfully challenged his lender’s bid to repossess the property after appealing against a sheriff’s decision that the bank had validly served a calling-up notice. The Sheriff Appeal Court ruled that a &

The Financial Reporting Council (FRC) has fined PwC and two of the firm's former partners nearly £8 million due to failures in the audits of Babcock International's accounts. The fines are in relation to the audits of Babcock's accounts ending in the financial years 31 March 2017 and 31 March

Scottish accountancy practice Wylie & Bisset has promoted two long-standing members of its business recovery and insolvency department. The promotions see insolvency managers Paul McDougall, with almost 15 years’ service with the firm, move to associate director, and Chris Wardle, with ove

SSE takes £565m stake in North Sea gas field Perth-based energy giant SSE has announced that it is to buy a minority stake in French oil and gas giant Total's West of Shetland operations.

The Princess Royal opened the Association of Chartered Certified Accountants' global operational centre at 110 Queen Street, Glasgow yesterday.

Adam Hardie discusses the implications of the new alcohol duty rules set to come into effect next week, which are predicted to impact the entire drinks sector, with particular benefits for producers of low and no-alcohol beverages. Major change is brewing in the drinks sector. On August 1, 2023, new