News

Donald Trump's commitment to investing in his Aberdeenshire golf company is "unwavering", it said after recording a £1.4 million loss last year. Trump International Scotland is in the final stages of building a second championship links golf course which will open in summer 2025, and is planni

Confidence amongst Scottish businesses is expected to hold steady for the next six months, with many in a ‘wait-and-see’ mode as they look to the upcoming budgets for clarity on the economic direction of both Scotland and the UK, according to the Fraser of Allander Institute. The indepen

After 26 years under the ownership of Sir Peter Michael and family, The Vineyard Hotel in Newbury has been sold to Apex Hotels for an undisclosed sum. The deal marks Apex Hotels’ third country house hotel following the recent purchase of Pine Trees in Pitlochry and Meldrum House Country Hotel

Forvis Mazars has appointed Ryan Crilley as audit partner across its Glasgow and Edinburgh offices. Mr Crilley will work with privately owned businesses, navigating clients through the complexities of financial reporting and regulatory compliance market. He will also support the wider team with thei

Chancellor Rachel Reeves is expected to increase capital gains tax (CGT) on the sale of shares and other assets, but will leave the rate on second homes and buy-to-let properties unchanged.

BrewDog has posted a £59 million pre-tax loss for 2023, marking the Aberdeenshire-based craft beer company's fourth consecutive year of losses. This follows losses of £12.5m in 2020, £9.4m in 2021, and £30.5m in 2022. The company last recorded a pre-tax profit of £1.1m

Dundee-headquartered Thorntons Wealth Management, with offices in Aberdeen and Edinburgh, has acquired Edinburgh-based financial planning firm Robson Macintosh. The deal completed on 27 September and brings the combined assets under administration and management for Thorntons Wealth Management and T

Equity deal activity involving smaller businesses in Scotland picked up during the first half of 2024, one of only two parts of the UK to experience a year-on-year increase after a difficult 2023, according to new research from the British Business Bank. The Bank’s annual Nations & Regions

A western company suffered a major data breach after inadvertently hiring a North Korean cyber criminal as a fully-remote worker. A cyber security firm said it assisted the company, which has not been named, after the former contractor downloaded company data and sent a ransom demand.

SGN has announced that Simon Kilonback will become its new chief executive officer. He joined the energy network business in September 2023 as chief financial officer and will take over from Mark Wild who is leaving to run the high-speed rail project HS2.

Investing Women Angels (IWA) has announced it will back a series of investment rounds over the next four months that is set to raise more than £4.5 million for four female-founded companies in Scotland. They include Cytochroma, an innovative life sciences company which IWA initially supported

Canadian decarbonised heating specialist Noventa Energy has acquired three innovative heat from wastewater assets from Scottish Water Horizons located in Glasgow, Stirling and Campbeltown, for an undisclosed sum. The acquisition was funded by infrastructure manager Ancala. The firm invested in Noven

Pinsent Masons has appointed Edinburgh-based partner Walter Clark to join its UK financial services corporate team. Mr Clark is an M&A lawyer with a primary focus on deals in the financial services sector across the UK, particularly for clients with a strong presence in Scotland.

Wright, Johnston & Mackenzie LLP (WJM) and Irwin Mitchell Scotland recently hosted a special Indonesian business outreach event in Glasgow.

Edinburgh has retained its position as the most attractive city for UK regional hotel investment for the fourth consecutive year running, and has moved up one spot to ninth most attractive in Europe, according to Deloitte. Over half (54%) of respondents to Deloitte's 2024 European Hotel Industry and