News

A detectorist who stole an estimated £3 million worth of Viking treasure has been sentenced to a further five years and three months in prison after failing to pay back over £600,000.

A man has been accused of using generative AI to fraudulently obtain more than $10 million (c. £7.6m) in royalties from music streaming services using fake music and fake listeners. New York man Michael Smith, 52, was arrested by the FBI last week in connection with the alleged fraud, which in

Food and drink wholesaler JW Filshill, one of Scotland’s oldest independent food and drink wholesalers, saw turnover increase to £215 million, up 6% from £203m, in the year ending 31 January 2024.

Business Gateway has revealed a new creative campaign, in a bid to encourage more entrepreneurs, start-ups or scale-ups in Scotland to use its breadth of free services.

Clean heat technology company Exergy3 has announced the successful closure of a £1 million pre-seed funding round for its novel ultra-high temperature thermal energy storage system. The round was led by Zero Carbon Capital with participation from existing investors Old College Capital and Scot

The UK's national debt is projected to treble over the next 50 years, driven by an ageing population, climate change, and geopolitical tensions, according to the Office for Budget Responsibility (OBR). In its latest Fiscal Risks and Sustainability Report, the OBR revealed that without increased

The Forth Green Freeport (FGF) has submitted its full business case to the UK and Scottish governments.

The closure of Scotland's only oil refinery, Grangemouth, has put over 3,000 jobs at risk due to a ripple effect across the supply chain. The company has confirmed it will cease refining oil at the site during the second quarter of 2025 onwards due to global market pressures and competition from big

Which? is urging the Financial Conduct Authority (FCA) to crack down on insurers charging excessive interest rates for monthly premium payments. A new investigation by the consumer group reveals some providers are charging APRs as high as 45%, with an average of over 20% across both car and home ins

The Conveyancing Information Executive (CIE) has announced the membership of Millar & Bryce as an associate member. The CIE provides a rigorous and transparent approach to property search governance standards, with data integrity, accuracy and transparency underpinning values in the overall prov

An engineering fabrication firm in Lochaber has embarked on a £539,000 project that will significantly increase productivity and efficiency, and help meet growing demand for its services. Northern Engineering and Welding Company (NEWCo) is expanding its premises in Fort William by 50% and inst

Hospitality businesses should prepare for imminent changes to the law on tips and gratutities or face the risk of employment tribunals and penalties, a tax specialist has warned. The new Employment (Allocation of Tips) Act 2023, which takes effect on 1 October 2024, will make it unlawful for employe

The Bank of England's Prudential Regulation Authority (PRA) has revised its proposal for stricter capital rules for UK banks, opting for a milder approach and delaying implementation to 2026. The changes include relaxed capital requirements for small businesses, mortgages, trade finance, and infrast

The UK government has introduced a bill which permit cryptocurrency and other digital assets to be classified as personal property. The Property (Digital Assets etc) Bill, which enacts the recommendations of the Law Commission of England and, was introduced in Parliament yesterday.

Scotch Whisky exports have faced a significant decline in the first half of 2024, with an 18% year-on-year, according to figured released by the Scotch Whisky Association (SWA). Data for H1 2024 shows that the value of Scotch Whisky exports declined when compared with the first half of 2023 - a year