News

UK government consulting spending faces major cuts as both main political parties have pledged to halve external advisory costs, potentially saving £3 billion over five years. This move follows record-high spending since the last election, driven by pandemic response, digital projects, and civ

HMRC has failed to fine any enablers of offshore tax evasion in the five years since landmark powers were introduced to do so, an investigation has revealed. Despite UK government claims that the laws would "create a level playing field" and potentially raise millions in fines, figures obtained by T

Dundee-based financial services firm Embark, part of Bank of Scotland-owner Lloyds Group, has marked the successful graduation of its first cohort from its fintech skills school. The specialist training facility at Embark in West Marketgait recruited graduates and career changers into junior softwar

An Aberdeen sheriff has ordered a property developer to discharge a £1.15 million standard security granted in his favour by another developer after ruling that all the conditions of discharge had been complied with. Pursuer David Booth and defender Daniel Donald had previously agreed to form

Livingston-based Workflo Solutions has expanded its geographical reach and service offerings with the acquisition of MacD IT. Bathgate-based MacD IT's owner, Alastair MacDonald, will join Workflo Solutions as head of IT sales, ensuring continuity of service for existing clients. The merger will give

Inverness-based investment group GEG Capital has acquired a stake in architectural practice Bracewell Stirling Consulting. The addition of this award-winning consultancy will bolster GEG Capital's existing portfolio of planning, design, environment, and construction capabilities across Scotland and

Scottish accountancy firm Condies, which has offices in Dunfermline, Edinburgh, and Dundee, has been acquired by Dains Group. The move strengthens Dains Group's compliance and advisory services across Scotland, further building on the group's acquisition of William Duncan + Co in 2022 (now Dains Sco

Nationwide Building Society members are being asked to approve a new pay deal for chief executive Debbie Crosbie, potentially tripling her maximum long-term bonus to £3.42 million. The proposal comes after Ms Crosbie's plan to acquire Virgin Money UK for £2.9 billion, significantly incre

Virgin Money, set to be acquired by Nationwide Building Society in a deal worth £2.9 billion, reported a half-year pre-tax profit of £279 million.

The Scottish farmland market has experienced an unexpected early surge in activity despite weather-related pressure, as well as economic and policy factors. According to Savills, the number of acres advertised for sale on the open market to the end of May was 64% higher than for the same period in 2

A Scottish tech start-up that aims to revolutionise the way construction materials are purchased has raised £1 million from investors.

The Bank of England (BoE) has come under scrutiny for having spent £8.5 million on remote working kit for staff, according to official figures. The data, obtained under the Freedom of Information (FOI) Act by think thank Parliament Street revealed that Threadneedle Street has splashed out on a

CMS is to host a free-to-attend event focused on one of the key challenges facing the UK renewable energy industry – how to solve the issue of grid connections. The seminar, being held in Aberdeen on 19 June, includes contributions from Calum Watt, grid technical authority at Flotation Energy,

Small and medium-sized enterprises (SMEs) in Scotland are annually missing out on a staggering £370 million a year in potential interest as a result of not shopping around for better rates on their business savings, according to Allica Bank. The bank's research reveals that the "big six"

Tesla shareholders have voted to reapprove a multi-billion dollar pay package for CEO Elon Musk, after it was blocked by a Delaware judge in January. The package is made up of Tesla stock and was worth $56 billion (around £44bn) in January. Should it go through, it will be the largest compensa