News

Global investment company Aberdeen has announced the completion of a £3 billion transfer of pension scheme policies from Phoenix Life Limited to its subsidiary, abrdn Life and Pensions Limited. The transfer relates to a specific book of business where the policyholders are typically pension sc

A Highland tourism expert is urging the UK government to refine Jeremy Hunt's tax law targeting second homes, warning it risks damaging legitimate tourism businesses and innovation in Scotland. Gavin Anderson and wife Rachel invested almost £1 million during the financial crash to construct tw

The Scotland Food & Drink Excellence Awards 2025 have opened for entries, with businesses across the sector invited to showcase their outstanding products, innovations, and people. Taking place on Thursday 4 September, the prestigious awards will feature up to 36 accolades, including a rang

Orkney-based marine services provider, Leask Marine, has secured £200,000 in funding from Royal Bank of Scotland to fuel its next phase of growth.

Green Bioactives, a company specialising in sustainable plant-based product development via its plant cell culture technology, has secured a grant of up to £1,097,016 from Scottish Enterprise. The grant will support an 18-month research and development initiative focused on the production and

RSM has named Ross Stupart as its new regional managing partner for Scotland and Northern Ireland. Currently the office managing partner for RSM’s Edinburgh office, where he will remain based, Mr Stupart will now also spearhead the firm’s growth strategy across the region. He will a

Glasgow-based specialist finance broker, TSF Finance, facilitated a record £18 million worth of deals in March, marking its most successful month since launching in 2019. This achievement pushes the total funding secured for UK SMEs by the independent brokerage past the £330m milestone.

An international flight was forced to turn back around two hours into its journey after the pilot realised he had forgotten his passport. The United Airlines flight from Los Angeles to Shanghai – with 257 passengers and 13 crew members onboard – was redirected to San Francisco after the

Business confidence in Scotland rose by two points during March to 55%, according to the latest Business Barometer from Bank of Scotland. Scottish businesses reported higher confidence in their own business prospects month-on-month, up 15 points at 65%. When taken alongside their optimism in the eco

The Prudential Regulation Authority (PRA) has proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000. The deposit protection limit – which represents the maximum amount of money the FSCS typically protects should

Talks aimed at allowing accountants qualified in the US and UK to practise more freely in each other's countries have stalled due to significant disagreements, primarily concerning the assessment of American audit training standards. The objective of these transatlantic negotiations was to facilitat

A Scotland-based technology company is aiming to become the Skyscanner of offshore decommissioning – using artificial intelligence to solve one of the largest and most complex industrial challenges facing the world. rahd.AI has developed a platform that significantly reduces the cost of decomm

Scottish company Mask Logic has secured over £780,000 in seed funding and grants to bring its respirator to market. The Edinburgh company has developed a first-of-a-kind reusable face mask, uniquely tailored to each individual's face. Designed to improve safety and comfort in workplaces where

Murray Capital Holdings, the investment business of the Murray family, has announced its financial results for the year ending 30 June 2024, revealing a challenging period particularly impacted by the steel sector. The firm reported a pre-tax loss of £1.7 million, a significant shift from the

Continuing with the trend over the past few years, Highland has seen the highest ever direct spend recorded for filming in The Highland Council region. In 2024, figures surpassed previous years to reach over £3.5 million in direct spend.