News

The Financial Reporting Council (FRC) has identified "extremely serious" failings in EY auditing of NMC Health, a London High Court heard on Monday. These findings were disclosed during a trial where the collapsed hospital operator’s administrators are suing the Big Four firm for approximately

Scottish accountancy firm Wbg has advised Glasgow-headquartered Hero Brands on its investment deal with US based private equity firm True to support the UK and international growth of its quick service restaurant (QSR) operation German Doner Kebab (GDK). True’s multi-million-pound investment w

Commercial property consultant FG Burnett has announced the return of Dave MacLeod to the company in the role of director. A familiar face to many, Mr MacLeod rejoins FG Burnett following a distinguished 19-year tenure with the firm that concluded in April 2018. During his previous time at FG Burnet

Dundee-based bus and coach operator Fishers Tours is set to cease trading by Friday, resulting in an anticipated loss of over 20 jobs and leaving staff in a state of shock. The sudden announcement, delivered to drivers and mechanics on Monday morning, has been described by sources as coming "out of

A whisky and gin distillery based on the remote Hebridean isle of Islay has been selected as the only spirits producer to appear in a new global film series presented by B Lab Global and produced by BBC StoryWorks Commercial Productions highlighting some of the world’s most impactful businesse

Glasgow-based semiconductor firm Neuranics is set to double its workforce and significantly invest in research and development following a successful £6.2 million funding round. The investment, led by Blackfinch Ventures and supported by Archangels, Par Equity, and the Universities of Glasgow

A woman who embezzled £1.5 million from a family scrap metal business in Aberdeen has been ordered to repay almost £670,000 under proceeds of crime laws. Coleen Muirhead, 57, of Aberdeen, was jailed for three years and four months in September 2023 after she admitted a charge of embezzle

A chance encounter at last year's Chelsea Flower Show has dramatically reshaped the future of Scottish sustainable design brand POTR, after it resulted in a $670,000 (c. £500,000) investment. Founder Andy Flynn, initially focused on selling his innovative plant pots, unknowingly pitched his en

Global spirits business International Beverage has concluded a major expansion programme at its headquarters in Airdrie, completing the build of six new state-of-the-art bonded warehouses at the site.  Representing a £7 million investment, the new warehouses are part of an upgrade of stor

A striking Jacobean-style mansion in Anglesey, north Wales, is up for auction with a guide price of just £288,000 – but prospective buyers won’t be able to set foot inside before placing a bid.

The Cyber and Fraud Hub, Scotland’s only dedicated charity supporting individuals affected by cyber crime and fraud, announces the appointment of Alex Dowall as its CEO. This appointment comes as the hub approaches its first anniversary.

Edinburgh-headquartered AI fintech company Aveni has unveiled FinLLM, a large language model (LLM) specifically designed for the UK financial services industry. FinLLM is designed to meet the industry’s stringent requirements for compliance, safety, and performance, setting a new benchmark for

Scottish entrepreneur Sir Tom Hunter has urged the nation's political and business leaders to unite and implement radical changes to counteract what he describes as Scotland's "managed decline". The Hunter Foundation has commissioned an independent study by Oxford Economics that draws on the lessons

Two of the 14 UK sectors reported output growth in April, according to the latest Bank of Scotland UK Sector Tracker. Compiled using exclusive PMI survey data from around 1,300 private sector companies, the report shows software services (54.5) and real estate (50.4) saw an increase in output. This

A new poll has revealed that only a quarter of Scots support the introduction of zonal power pricing to the UK's energy system, while a significant 41% are opposed, with a third remaining undecided. The survey, conducted by Survation for Aberdeen-based advisory firm True North, comes as a UK governm