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Private equity firms are considering making a bid to acquire Grant Thornton UK, the sixth-largest accounting firm in the UK, with potential bids valuing the firm at around £1.5 billion. A formal sale process could kick off as early as next month. 

Lerwick Distillery Ltd, founded in 2022 by Martin Watt and Calum Miller, is on track to become Shetland's first whisky distillery With the recent arrival of copper stills and distilling equipment at its Lerwick premises, the distillery is set to open later this year.

Highlands and Islands Enterprise (HIE) investment in the last fiscal year has bolstered Orkney's economy, with supported businesses and communities projected to create 80 new jobs. HIE’s outturns for 2023/24 were achieved through a combination of financial and non-financial interventions by th

Aberdein Considine has been recognised with a Princess Royal Training Award for its mortgages induction programme. The firm was commended for its commitment to training and the positive impact this has on both its people and the organisation. The programme is a tailored onboarding, training and deve

The jailed former office manager of an Edinburgh property firm who embarked on a luxury lifestyle after embezzling company funds has been ordered to pay back more than £211,000. Emma Hunt, 38, who was imprisoned for three years in August last year after a jury found her guilty of fraud and emb

Henderson Loggie has welcomed 13 new trainees. The latest cohort includes seven graduates, including two of this year’s Dundee University Accountancy Prize winners, two modern apprentices, and four school leavers, bringing the total number of trainees recruited by the firm over the past five y

After more than three decades at Scotmid, and almost 20 as chief executive, John Brodie CA has retired. Mr Brodie is a Chartered Accountant who worked in an Accountancy Practice before joining the Society in 1993 as chief financial officer. He was appointed acting CEO in 2004 and CEO in February 200

Scottish beer maker Vault City Brewing has committed to pay staff the London Living Wage as the "cost of living in Scotland’s capital" becomes "a critical factor in its team’s wellbeing". The Edinburgh-based brewer – famous for creating modern and innovative sour beers with flavour

Baillie Gifford has announced that Andrew Telfer, one of three managing partners, will retire on 31 March 2025 after almost 33 years with the firm, including 13 as a managing partner and CEO. His successor will be Tim Campbell, who has been with the firm for 25 years and a partner for 12.

A UK property developer, Revelan, is suing PwC for £6.6 million in London's High Court. The developer alleges PwC provided "negligent" tax advice which resulted in a £3m tax bill from HMRC. Revelan alleges PwC miscalculated their tax liabilities over a five-year period, errors which PwC

A comprehensive global overview of the empirical evidence on rent control policies has found that they produce significantly more negative consequences than benefits.

In what marks the first time the Financial Conduct Authority (FCA) has fined an audit firm, the regulator has issued PwC a £15 million penalty for failing to report suspicions of fraud at now-defunct London Capital & Finance (LCF).

A star American footballer has unexpectedly come to the defence of a woman jailed for stealing $1.5 million (c. £1.16m) worth of chicken wings. Chris Jones, a player for the Kansas City Chiefs, has offered to pay for the wings in order to secure Vera Liddell's release from prison, USA Today re

The country's largest food export, Scottish salmon, has generated £431 million between January and June, according to new figures.

Addleshaw Goddard, which has offices in Edinburgh, Glasgow and Aberdeen, has announced revenue of £496 million for the past financial year, representing growth of 12%. The firm's performance was driven by material investments in tech, core practices and priority sectors alongside office openin