North-east Scotland is poised for an economic transformation, fuelled by over £30 billion of investment over the next decade, according to a landmark report published today. New research by Aberdeen & Grampian Chamber of Commerce (AGCC) forecasts a wave of capital spending not seen since t
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Barclays CEO CS Venkatakrishnan has seen his pay more than double to £10.5 million, up from £4.6m in 2023. This substantial increase coincides with a 24% rise in the bank's annual pre-tax profits, reaching £8.1 billion. The profit surge was driven by a rebound in investment banking
The UK economy has defied predictions of contraction, registering 0.1% growth in the fourth quarter of 2024, according to preliminary figures from the Office for National Statistics (ONS). Economists polled by Reuters had forecast a 0.1% decline. Growth was driven by the services sector, which
The Industrial Biotechnology Innovation Centre (IBioIC) has named Dr Peter Williams, group technology director and head of investor relations at INEOS, as the new chair of its governing board. Dr Williams brings over 40 years of experience in the chemicals industry to the role and will support IBioI
The Institute of Chartered Accountants of Scotland (ICAS) has urged the UK government to collaborate with the Financial Reporting Council (FRC) to establish a robust regulatory framework for sustainability assurance. This call follows the FRC’s publication of its final report from the Assuranc
Grant Thornton UK LLP has strengthened its Scottish tax team with the promotion of Colin Park to partner and Cristina Pavel to director, both based in the firm’s Glasgow office. Mr Park has extensive expertise in advising owner-managed businesses and large corporate groups across Scotland and
Scotch whisky exports reached £5.4 billion in 2024, representing 1.4 billion 70cl bottles – or 44 bottles every second, according to the Scotch Whisky Association (SWA). The figures, released today, show a decrease of 3.7% on 2023 exports by value. The SWA has called on the UK and Scotti
Barratt Redrow has kicked off 2025 with the appointment of its new regional managing director for Scotland. Alison Condie, 53, previously held the roles of regional director for Scotland and managing director for the East of Scotland before stepping up to regional managing director for Scotland last
A bespoke property factoring service operating across Scotland has announced a major new recruit. Nic Mayall, formerly managing director of James Gibb and a past president of the Property Managers Association Scotland (PMAS), played a key role in transforming James Gibb into one of Scotland’s
Edinburgh-based consultancy Optima Partners – which helps businesses solve challenges by integrating AI, machine learning, and GenAI – has announced a record year of expansion, achieving 40% turnover growth in FY24. This hypergrowth, as defined by the World Economic Forum, puts the firm
Legal and business services provider DWF has made 15 promotions across its Edinburgh and Glasgow offices. Key promotions include Caroline Coyle and Danny McClymont, both elevated to director in Glasgow. Within the firm's insurance practice, Maggie Keir (Edinburgh), Harriet Tooley and Rachel Heathcot
House prices in Scotland began 2025 in growth mode, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey, and they are expected to continue rising into the three months ahead.
Over 5,000 artists have called for Christie's auction house to cancel its first-ever AI art auction, labelling it "mass theft" of human artists' work.
Business confidence amongst UK CEOs is growing, despite ongoing geopolitical and macroeconomic challenges, according to the latest EY-Parthenon CEO Outlook survey.
Deloitte's UK office has distanced itself from its US counterpart by reaffirming its dedication to diversity, equity, and inclusion (DEI) targets. Richard Houston, head of Deloitte UK, assured staff that the firm remains "committed to our diversity goals" and will continue annual reporting on inclus