News

Aberdeen-based engineering firm Wood Group's chairman Roy Franklin acknowledged a "very painful period" for shareholders due to a significant collapse in the company's value, at its annual general meeting (AGM) this week.

Glasgow is set to introduce a new tax from January 2027, with visitors charged an additional 5% on overnight stays, averaging £4.83 per night.

Independent Scotch whisky distillery Ardgowan is to be formally opened today by Deputy First Minister Kate Forbes as its first casks are filled since building concluded earlier this month. Founded in 2017, the west coast firm is led by whisky entrepreneur Roland Grain and distillery manager Laura Da

As the public consultation on the Charities SORP 2026 ends, the Institute of Chartered Accountants of Scotland (ICAS) has called for further action to ease the growing reporting burden on charities. Christine Scott, head of charities and reporting at ICAS said: "The proposed changes offer more clari

Two rival sausage makers are set for a courtroom battle amid allegations of corporate espionage. Hormel Foods alleges in a US lawsuit that Johnsonville conspired with two of Hormel's former employees to obtain sausage recipes and sensitive commercial information, The Minnesota Star Tribune reports.

The Cyber and Fraud Centre – Scotland has welcomed Fortinet and Accenture as strategic partners supporting its See It, Be It campaign focused on inspiring more women and girls to consider careers in cyber security. Both organisations bring strong credentials in promoting diversity in tech and

Alternative finance provider to mid-sized SMEs, ThinCats, has provided a debt facility to support Chiltern Capital’s management buyout of Bridge of Allan-headquartered Train’d Up Railway Resourcing. Established in 2003, Train’d Up is the UK’s largest provider of rail apprenti

A burgeoning Highland hospitality group has recruited a new marketing chief and its first internal revenue manager as it targets further acquisitions and growth in Scotland. Turas Hotels, which recently purchased Aviemore’s landmark Cairngorm Hotel, has appointed Jennifer Macdonald-Nethercott

BAE Systems has been awarded £9.22 million in funding from Scottish Enterprise to support a new training and skills academy, a move set to create approximately 300 jobs and secure over a thousand more at its Clyde shipyards.

The Bank of England (BoE) has opted to hold interest rates at 4.25%, a decision widely anticipated following the release of new data showing UK inflation remains significantly above the Bank's target. The Monetary Policy Committee's (MPC) resolution to maintain the current rate comes after a 0.25 pe

A Glasgow-based construction skills provider has been sold for more than £2.2 million, almost £400,000 above its original valuation.  The deal was secured following a competitive sale process led by M&A advisory and business finance firm Hilton Smythe.

Edinburgh-founded investment firm Par Equity has announced it will be merging with Manchester-based Praetura Ventures creating a new venture capital firm named PXN Group with over £670 million in assets under management (AUM). As a combined entity, PXN Group will be the fastest-growing venture

Premium estate agency Fine & Country has announced a significant expansion to cover the whole of Scotland, building on its established success in the south of the country. Property entrepreneurs Louisa Thomson and Andrew Jack will spearhead the ambitious growth plans, with both drawing upon sign

Jim Rowan, the Glasgow-born tech executive and former CEO of several multinational companies, has thrown his support behind the creation of a Scottish sovereign wealth fund to develop the next generation of business leaders and companies with global potential. Speaking on wealth management firm Murp

Mark Farmer, the leading UK Construction industry expert, has been announced as the keynote speaker of this year’s Scottish Construction Summit, the inaugural event from SHN's sister publication Scottish Construction Now to be held in Glasgow on September 17. Mr Farmer has over 30 years of exp