News

Glasgow-headquartered Edwin James Group has acquired Pettits Ltd and its subsidiary Motivair Compressors Ltd for an undisclosed sum. The deal strengthens Edwin James Group's portfolio, introducing compressed air management services and access to Motivair's 9,000 assets across various sectors.

HSBC Holdings plc has appointed Georges Elhedery as group chief executive, taking effect from 2 September 2024. HSBC Group chairman, Sir Mark Tucker, said: “I am delighted to confirm Georges as the next HSBC group chief executive.

The Scottish Government has pledged up to £14.2 million over two years to support Ferguson Marine Port Glasgow (FMPG) in its bid to improve productivity and secure a sustainable future.

UK consumer price index (CPI) inflation held steady at 2% in June, slightly above expectations.

A new image sharing platform which caters specifically for astronomers and astrophotographers has been launched by an Ayrshire entrepreneur following a six-figure investment. Picastro has been created by Tom McCrorie who has combined his passion and astrophotography skills with his career as a creat

Scottish Enterprise is investing £8 million in the construction of the University of Dundee's Life Sciences Innovation Hub, a new £40m facility set to open next year. Adrian Gillespie, chief executive of Scottish Enterprise, and Deputy First Minister Kate Forbes are set to announce the &

The average price of a property in Scotland in May 2024 was £191,000, an increase of 2.5% when compared to May 2023, the latest provisional statistics from the UK House Price Index (HPI) have shown today.

Members of a local authority pension fund have lost six-figure sums after accepting costly mis-advice recommending the transferring away of final salary pensions. Originally held with the Tayside Pension Fund, these inflation-proofed pensions come with benefits and guarantees that are lost imme

The board of Glasgow-based Macfarlane Group has appointed experienced business leader and Chartered Accountant David Stirling as a non-executive director. His appointment will take with effect from 1 January 2025, following the retirement of Bob McLellan.

An art gallery which became embroiled in a discrimination row over a women-only exhibition space has admitted the supposed Picasso paintings displayed there were fake all along. A court ruled earlier this year that Tasmania's Museum of Old and New Art (MONA) could not lawfully bar men from its Ladie

Scotland's economy is projected to grow more in this year compared with last year, with real GVA expected to be 0.9% higher across 2024, according to PwC. The Big Four firm's latest Economic Outlook reveals that, while considered subdued, the rate of growth north of the border is greater t

A Glasgow-based beauty treatments clinic, The Aesthetics Club, has secured a £250,000 loan from the Investment Fund for Scotland (IFS), via appointed fund manager The FSE Group. The loan will enable the opening of two new clinics located in Glasgow and Edinburgh, expanding services and creatin

West Dunbartonshire's Vale of Leven is set to benefit from 195 new jobs, thanks to new inward investor Innova Nanojet Technologies Ltd choosing to locate its first manufacturing facility in Scotland.

The Royal Bank of Scotland (RBS) has opened applications for its accelerator programme in September.

The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) have launched a joint call for views on the impact to people and businesses of digital wallets, such as Apple Pay, Google Pay, and PayPal. With over half of UK adults now using digital wallets, the regulators are keen to