News

According to its latest annual report for the year ended 31 December 2024, Harris Tweed Hebrides Limited saw turnover increase slightly to £9,208,547 from £9,188,164 in 2023. However, profit before tax decreased 6% to £1,225,879 from £1,306,317 the previous year.

Knight Frank has bolstered its commercial valuations offering in Scotland with the recruitment of experienced surveyor Thomas Morton as an associate. Mr Morton adds nearly a decade of experience to the Knight Frank team and joins the independent commercial property consultancy from Lambert Smith Ham

Glasgow-based investment firm Turner has appointed Jason Cohen as investment director. Turner is fourth generation family business which has been building private companies for more than 100 years. Its portfolio of businesses’ turnover is in excess of £90 million with a combined balance

The Gibraltar International Bank (GIB) has issued a formal apology after a significant cultural error in its Diwali greeting. The government-owned bank caused embarrassment when it published a photograph intended to celebrate the Hindu Festival of Light, which featured several individuals dressed in

Perth-based Balhousie Holdings Limited has announced a record profit before tax of £9.65 million for the year ending 30 September 2024. The company's annual turnover reached £57.2m, a 5.42% increase from the previous year, which the directors attribute primarily to increased fee rates.

RSM UK is urging businesses to be fully prepared for a cyber-attack, as recent figures from the NCSC (National Cyber Security Centre) show a worrying rise in "nationally significant" cyber incidents. These attacks, which can cause significant business disruption and financial loss for businesses and

Paragon Bank’s Development Finance division has provided a £22.6 million finance facility to support the transformation of a prominent Glasgow city centre office building into purpose-built student accommodation (PBSA). The project, delivered by experienced developer Union Property Devel

Whisky producer Whyte & Mackay has reported a fall in profits for the year ended 31 December 2024, citing a global slowdown in the whisky, spirits, and luxury goods markets.

BTO has announced the appointment of two Glasgow-based partners, Eoghann Green and Carolyn Bowie. Mr Green brings a wealth of expertise as a highly regarded commercial disputes and insolvency litigator. Working closely with litigation partners Angus Wood and Will Cole, he will focus on both corporat

McKee Campbell Morrison Solicitors (MCM) has announced the appointment of Ferga McKay as senior associate director in the firm’s commercial property team. Ms McKay brings a wealth of experience and a well-earned reputation as a trusted and highly respected commercial property lawyer.

Glasgow Prestwick Airport is flying high after sealing a major new deal with Beijing Capital Airlines, part of the HNA Aviation Group. The partnership will see a four-times-weekly Airbus A330 freighter take off between Prestwick and Zhengzhou, strengthening Scotland’s direct trade links with C

The Governor of the Bank of England, Andrew Bailey, has warned that Brexit will have a negative impact on the UK economy for the "foreseeable future". Speaking in Washington DC, Mr Bailey stated that while he took no political position on the UK's departure from the EU, the resulting trade restricti

Fourteen people have been convicted and sentenced for their part in exploiting over 3,500 victims in a more than £28 million investment fraud, making it one of the largest crimes of this kind in the UK.

Wbg has promoted Shehzad Ashaq from associate partner to partner in its tax team. Mr Ashaq, who previously won the Rising Star in Business category at the Scottish Asian & Business Awards, has a broad range of experience in corporate and personal tax and specialises in tax planning and complianc

KPMG UK has appointed Jo Thomson as its new Edinburgh Office Senior Partner, where she will lead a team of over 400 people at the firm’s Saltire Court base. Alongside leading the Edinburgh office, Ms Thomson has also been appointed as public sector lead for Scotland. In this role, she will bri