News

It has been revealed that Aberdeen is set to become the headquarters for the UK government's new publicly-owned energy company, GB Energy. Sources close to the government have confirmed the news, although an official announcement from the Department for Energy Security and Net Zero is still pending,

The Financial Conduct Authority (FCA) has called on banks and other financial institutions to enhance their efforts in aiding individuals struggling to obtain a bank account.

Scotland’s hotel industry enjoyed another strong month in July as better weather and summer holidays boosted occupancy and profitability, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy of Scottish hotels rose fr

The Legal Services Agency in Glasgow is going from strength to strength after having secured a £50,000 funding package from responsible finance provider Social Investment Scotland (SIS). The charity has recently moved to a new office at 140 Sauchiehall Street, where the team of 31 are now base

Scotland's Finance Secretary Shona Robison has unveiled plans for up to £500 million in spending cuts to balance the Scottish government's budget amid "enormous and growing" financial pressure. Ms Robison told parliament that this fiscal year Scotland is projected to face an additional £

Glasgow-based accountancy practice Gilliland and Company has appointed Anne Smith as business services partner. Ms Smith, who joins the firm from Azets where she was a partner, specialises in advising SMEs, owner managers, and entrepreneurs on the financial issues which affect the management and ope

A car park built for £51 million in Oxfordshire is lying empty because a council cannot connect it to the main road.

The Net Zero Technology Centre (NZTC) has opened applications for the 2025 cohort of its TechX Clean Energy Accelerator. Start-ups across the globe can now apply for a place on the programme and a share of £500K grant funding (up to £50,000 for each start-up).

Aberdeen-headquartered ICR Group, a global maintenance and integrity solutions firm, together with its regional partners, has secured $3.5 million (£2.67m) in contracts in the Middle East over the past four months. ICR’s flagship brand, Technowrap, has been instrumental in driving growth

STV Group has announced a strong financial performance for the first half of 2024, with total revenue up 20% to £90.4 million and adjusted operating profit up 33% to £10.6m. The company attributes this growth to its successful Studios investment strategy, an improving advertising market,

Scottish retailers experienced another month of declining sales in August, marking a disappointing summer for the sector.

A local council in South Korea is offering cash incentives worth up to £13,000 to young people who strike up a relationship following a local matchmaking event. Busan's Saha district office is offering 1 million won (c. £570) to any couples that form after a mass blind-dating event to be

Millions of pensioners reliant on their state pension will be particularly anxious over the Labour Government’s warning of tough times ahead. Those who aren’t entitled to pension credit are seeing their winter fuel allowance withdrawn and there’s since been speculation that the sta

Norwegian oil company Neo Energy has announced a significant slowdown in investment across its portfolio, including the Buchan Horst oilfield in the North Sea. The project's joint venture partners are Serica Energy and Jersey Oil & Gas, owning 30% and 20% respectively.

Twenty-three Scottish businesses have attracted over £85 million in venture capital funding during the second quarter of 2024, defy the broader UK investment trend, according to KPMG. The latest KPMG Private Enterprise Venture Pulse report has showed that companies from across the region