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Scottish beer maker Vault City Brewing has committed to pay staff the London Living Wage as the "cost of living in Scotland’s capital" becomes "a critical factor in its team’s wellbeing". The Edinburgh-based brewer – famous for creating modern and innovative sour beers with flavour

Baillie Gifford has announced that Andrew Telfer, one of three managing partners, will retire on 31 March 2025 after almost 33 years with the firm, including 13 as a managing partner and CEO. His successor will be Tim Campbell, who has been with the firm for 25 years and a partner for 12.

A UK property developer, Revelan, is suing PwC for £6.6 million in London's High Court. The developer alleges PwC provided "negligent" tax advice which resulted in a £3m tax bill from HMRC. Revelan alleges PwC miscalculated their tax liabilities over a five-year period, errors which PwC

A comprehensive global overview of the empirical evidence on rent control policies has found that they produce significantly more negative consequences than benefits.

In what marks the first time the Financial Conduct Authority (FCA) has fined an audit firm, the regulator has issued PwC a £15 million penalty for failing to report suspicions of fraud at now-defunct London Capital & Finance (LCF).

A star American footballer has unexpectedly come to the defence of a woman jailed for stealing $1.5 million (c. £1.16m) worth of chicken wings. Chris Jones, a player for the Kansas City Chiefs, has offered to pay for the wings in order to secure Vera Liddell's release from prison, USA Today re

The country's largest food export, Scottish salmon, has generated £431 million between January and June, according to new figures.

Addleshaw Goddard, which has offices in Edinburgh, Glasgow and Aberdeen, has announced revenue of £496 million for the past financial year, representing growth of 12%. The firm's performance was driven by material investments in tech, core practices and priority sectors alongside office openin

Public sector fraud in Scotland has risen by almost 50% according to Audit Scotland. A data matching exercise, part of the UK-wide National Fraud Initiative (NFI), detected £21.5 million worth of fraud and payment errors across the Scottish public sector.

The Scottish Government’s Government Expenditure and Revenue (GERS) figures have shown that people in Scotland benefit from £2,417 more per head of additional spending compared to the UK average. In 2023-24, £88.5 billion in tax receipts was raised in Scotland through devolved and

The UK economy grew by 0.6% in the second quarter of 2024, matching expectations and marking a continued recovery from last year's recession. However, monthly GDP growth was flat in June due to poor weather impacting retail sales. Experts warn that challenges remain for sustaining long-term growth,

The Scottish Space Network has appointed Ross Hamilton as chief operating officer (COO) to help drive investment and growth across Scotland’s space sector. Mr Hamilton began his career with Rolls-Royce plc in the late Eighties, going on to work for JP Morgan and other Fortune 100 companies in

Law firms Wright, Johnston & Mackenzie LLP (WJM) and Irwin Mitchell have announced an event exploring the transformative potential of Green Freeports for the Highland economy. The event, part of Highland Business Week in September, will feature expert insights from Calum MacPherson, CEO, Inverne

Shona Campbell of Henderson Loggie has been appointed liquidator to Forfar care home Lochbank following its closure after its registration was cancelled by the Care Inspectorate. The closure follows an inspection report in April that labelled key areas of operation as "weak". Lochbank's 32 staff and

HMRC has cancelled a record 36,000 late self-assessment penalties last year, a 70% increase from the previous year. This surge coincides with HMRC's customer service hitting an all-time low, with long wait times for taxpayer assistance. Many appeals cited HMRC service issues as a "reasonable excuse"