News

A former local authority employee who embezzled more than £1 million from Aberdeen City Council over a 17-year period has been ordered to repay more than £165,000 under proceeds of crime laws. Michael Paterson, 60, was imprisoned for four years at the High Court in Edinburgh last July af

Fife-based bagpipe manufacturer RT Shepherd & Son has entered liquidation due to financial difficulties, with its assets being acquired by another local business, Broadleys Bagpipes & Reeds. Founded in the 1970s by the renowned Robert “Bob” Shepherd, the Cardenden-headquartered c

Allied Surveyors Scotland has announced the return of Eilidh Walker MRICS to its Aberdeen office, marking a significant addition to the firm’s professional team in the north east. Eilidh originally joined Allied as a trainee after completing a postgraduate degree in Property and Economics. She

Several members of the Bank of England’s Monetary Policy Committee (MPC) have signalled that persistent inflation could impede further interest rate reductions this year, a stance more cautious than current analyst expectations. This warning follows a recent MPC decision to lower the Bank Rate

Terra Firma Chambers’ Derek Francis has been awarded the Chartered Institute of Taxation and Association of Taxation Technicians Certificate of Merit and Appreciation at the CIOT and ATT Joint Presidents’ Reception held last Thursday at The Royal Yacht Britannia, Edinburgh. The award was

Medical gas pipeline specialist Hospital Pipeline Installations Limited (HPI) has entered administration, with Blair Milne and James Fennessey of Azets appointed as joint administrators. Founded in 1984, the Paisley-headquartered, which also operated from an office in Rochdale, was a prominent desig

Edinburgh Innovations (EI), the commercialisation service of the University of Edinburgh, has appointed Lizzie Withington to the newly created role of director of venture creation. The position includes building new spinout companies around emerging technologies and growing and maintaining a network

Scottish accountants are demonstrating a notably positive stance towards Artificial Intelligence (AI), embracing the technology more readily and with less concern than their global counterparts, according to new data from the ACCA (Association of Chartered Certified Accountants). The 2025 Global Tal

The scale of transformational opportunity facing the Highlands and Islands economy has been quantified for the first time in a new report.

Scottish investors demonstrated a strong start to the year, with initial contributions to new individual savings accounts (ISAs) surging by an average of 19% in the first quarter of 2025 – the biggest quarterly rise of any UK region, according to Scottish Friendly.

Glasgow-headquartered Macfarlane Group Plc has reported that its expectations for the full year remain unchanged, despite a mixed first quarter in 2025. Sales in Q1 2025 saw a 14.2% increase compared to the same period in 2024. This growth was attributed to the benefit of acquisitions, emerging orga

A jersey worn by the late Los Angeles Lakers icon Kobe Bryant during his NBA debut season has sold for $7 million at a Sotheby's auction.

Major UK auditing firms, including the Big Four, are requesting clearer guidance from the Financial Reporting Council (FRC) due to the economic uncertainty stemming from US President Donald Trump's fluctuating tariff regime.

The UK government is developing a detailed regulatory framework aimed at positioning the UK as a global leader in digital finance. The proposed rules will subject cryptoasset firms involved in trading, staking, and custody to standards similar to those governing traditional financial institutions.

Gilson Gray has appointed experienced real estate lawyer Rajan Shori as partner and head of its real estate division in England. Mr Shori brings two decades of experience to the role, having supported investors, developers, lenders, and corporate occupiers through high-value transactions, acquisitio