News

The UK economy unexpectedly shrank by 0.1% in January, a setback for the government as Chancellor Rachel Reeves prepares for the Spring Statement. This contraction, driven primarily by a decline in manufacturing, falls short of economists' predictions of 0.1% growth.

Henderson Loggie has appointed Stephen Dodds as tax director, underlining the firm’s commitment to expanding its tax advisory services and presence in Scotland’s central belt. After graduating in law from Glasgow University, Mr Dodds has built up extensive experience with big four and me

Knight Property Group has announced the successful letting of three units at the refurbished Cults Business Park in Aberdeen, totalling approximately 3,700 sq ft. The deals underscore the strong demand for flexible commercial space in the region.

The island nation of Nauru is offering citizenship for around £81,200 under a new scheme aimed at tackling the impact of climate change. The Pacific Ocean country is the world's smallest independent republic and third-smallest country, with a population of around 12,000 people.

Plans to overhaul cash Individual Savings Accounts (ISAs) will not be announced in the upcoming Spring Statement, despite ongoing UK government consideration of reducing the annual contribution limit.

Edinburgh-headquartered Aveni.ai, a specialist in AI for financial services, has agreed a new partnership with Octopus Money. Following a successful trial, Octopus Money has adopted Aveni Detect and Aveni Assist across its adviser and coaching teams. Octopus Money’s model offers highly persona

The Financial Conduct Authority (FCA) has abandoned its controversial proposals to publicly announce investigations into regulated firms, following significant backlash. The regulator will maintain its current policy of only publicising investigations in "exceptional circumstances", a major U-turn f

Dundee City Council has named Paul Thomson as its new executive director of Corporate Services, effective this April. Mr Thomson, currently head of corporate finance, will succeed Robert Emmott, who departs to become Glasgow City Council's new executive director of financial services.

Loose Ends, a Lerwick-based knitting, yarn, and haberdashery shop, has more than doubled its turnover after receiving support from Business Gateway. The Commercial Street retailer, a vital resource for Shetland's textile makers and crafters, offers a wide range of products, including fabrics, knitti

Kirkintilloch-based Mobility Scotland, a provider of mobility equipment, has announced expansion plans following a record annual revenue of over £1.5 million. Founder Billy Finnie intends to establish a presence in Edinburgh within five years to meet growing demand in the East, with longer-ter

Official figures have revealed a significant shift in income tax contributions, with more UK adults over 70 paying tax than those under 30, according to official government figures. Treasury data for 2022-23 shows 5.45 million over-70s paid income tax, compared to 5.23 million under-30s. This revers

Electrical equipment and engineering supplier for harsh & hazardous environments Dron & Dickson Ltd has announced it is investing over £100,000 to become net zero by 2030. The funding will go towards sustainable practices across the Scottish firm's portfolio. As part of its nationwide

Demand from prospective homebuyers in Scotland rose in February according to the latest Royal Institution of Chartered Surveyors (RICS) residential market survey, and surveyors anticipate that sales activity will increase this year.

The UK's broadcasting regulator has fined a religious TV channel for advertising "miracle water" that it implied could cure cancer and erase debt. The Word Network, based in the US, was slapped with a £150,000 fine in relation to two episodes of the Peter Popoff Ministries, hosted by televange

Scottish legal and property brand Simpson & Marwick, with roots dating back to 1886, is making a significant return to the Aberdeen property market after a six-year hiatus. The firm, previously synonymous with high-value sales in the North East, exited the city in 2019 under its former ownership