News

Scotland could do more to capitalise on the economic growth opportunities presented by the energy transition and digital transformation, according to new research by the Fraser of Allander Institute supported by Deloitte in Scotland. The research considers the drivers of productivity in Scotland and

Turas Hotels has acquired the landmark Cairngorm Hotel in Aviemore, previously under family ownership for three decades. The purchase, for an undisclosed sum, strengthens the group's presence within the Cairngorms National Park. The 32-bedroom Victorian hotel, a prominent feature of Aviemore's main

The Financial Reporting Council (FRC) has fined PwC £2.9mn for failures in its audit of since-collapsed Wyelands Bank, which was owned by businessman Sanjeev Gupta. The Big Four firm admitted to breaching audit requirements for the bank's 2019 accounts, particularly regarding risk assessment a

AG Barr has announced a 15.8% increase in adjusted pre-tax profits, reaching £58.5m for the year ending 25 January 2025. However, the company also revealed plans to discontinue its Strathmore water brand, potentially leading to the closure of its Forfar manufacturing site and 23 job losses, su

Over a third of property experts have identified tax restrictions announced in the 2024 Autumn Budget as a major impediment to real estate investment this year. This is according to RSM UK's Real Estate 360 survey, which recorded 35% of businesses saying that additional tax restrictions will be a ke

New figures published by the Institute of Directors (IoD) Scotland reveal that employment remains the top concern for Scottish business leaders, but confidence in skill levels is improving. The annual IoD State of the Nation Directors survey asks cross-sector leaders for their views on a range of is

BDO has named Craig Goold as its head of M&A in Scotland. Mr Goold has been with the firm since 2016 and has stepped up from his position as M&A managing director.

Research and development initiatives designed to accelerate bio-based manufacturing in Scotland have received a £5 million funding boost through Innovate UK’s Launchpad programme. 19 projects are moving forward through the initiative’s second round after submitting applications at

A video game company is facing EU enforcement action for allegedly pressuring children to buy virtual currency. The enforcement action taken by the Consumer Protection Cooperation (CPC) Network and co-ordinated by the European Commission follows a complaint to a Swedish watchdog concerning the game

Rettie has heralded "stability" for Scotland's housing market, forecasting a 3% average house price increase in 2025, driven by a slightly improved economic outlook. The property firm also anticipate a 2% rise in sales transactions.

A bill designed to create jobs and drive economic growth across Scotland by promoting investment in communities has been published. The Community Wealth Building Bill is the first of its kind "in the world" and would require councils, National Health Service boards and other public bodies to take fo

Scarborough Group International (SGI) has engaged CBRE and Savills as joint leasing agents for the former Younger Building in West Edinburgh, ahead of its planned redevelopment. The 89,863 sq ft, six-storey structure, originally constructed in 1999 for NatWest Group, will be transformed into modern

More than half of the £300 million pledged at the start of the Tay Cities Region Deal (TCRD) has been successfully distributed to projects across the region. As the deal marks its half-way milestone, the figures are revealed in the 2023/2024 Annual Report published today.

Royal Bank of Scotland (RBS) has joined forces with advanced technology accelerator STAC to supercharge Scotland’s nascent deep tech startup scene.

CMS has unveiled three new partners in Scotland as part of the firm’s annual promotions announcement. The trio includes Robbie Somerville, a Glasgow-based lawyer within CMS’s corporate team, and his Edinburgh colleague Rory Thomson from the firm’s insurance and reinsurance Group. A