News

More than 1.1 million UK taxpayers have failed to meet the January 31 self-assessment filing deadline, resulting in a 10% increase from the previous year, as reported by HM Revenue & Customs (HMRC).

Some 18.2% of UK-listed companies issued profit warnings in 2023, surpassing the levels witnessed during the 2008 financial crisis, as indicated by EY-Parthenon's latest Profit Warnings report. In total, 294 profit warnings were issued in 2023, a small decrease of 11 from 2022 when 305 warnings were

Take-up of office space in Edinburgh has hit 649,000 sq ft in 2023, just 0.9% below 2022’s figure, according to Savills. Despite this minor fall, it remains 0.5% higher than the five-year average for the city, as more occupiers get to grips with what they both need and want from their office s

Commercial property and investment collective M Core has acquired the Princes Square retail development in the heart of Glasgow city centre, for an undisclosed sum. The 118,625 sq ft property features four self-contained retail units along Buchanan Street and an inner mall spread across five levels,

Thorntons has posted profits of £9.2 million and turnover of £37.8m, for the financial year ending 31 May 2023. Profits are 9.1% (£0.9m) down from last year, after a seven-figure IT investment and staff benchmarking exercise. Turnover is up 8.2% (£2.86m) from £35m,

Ken Thomson, the recently appointed chairman of the Institute of Chartered Accountants of Scotland's (ICAS) regulation board, has resigned after just a month in the role. His departure comes in the wake of controversy surrounding his previous role as head of the Covid co-ordination directorate of th

One of the most pivotal documents in the history of football is set to go to auction in March with a starting price of £300,000. The item in question is the famous and unique napkin on which the first promise of a contract was written to secure the 13-year-old Lionel Messi for FC Barcelona.

Scotland's onshore GDP faced a marginal contraction of 0.1% in November, a slight improvement from the revised figure of -0.6% in October 2023, according to the latest data announced by the chief statistician.

The Edinburgh International Conference Centre (EICC) is gearing up for a trio of premier tourism and events industry conferences. The VisitBritain Association Conference, EXPERIENCEit, and ETAG’s annual tourism industry conference will be taking place between 5-8 February, and bringing togethe

FinTech Scotland, in collaboration with professional services supporter Deloitte, and with Tesco Bank, Morgan Stanley and abrdn, has launched a first-of-its-kind innovation challenge.

The Bank of England has decided to maintain interest rates at 5.25% for the fourth consecutive meeting, emphasising the need for "more evidence" that inflation is on a sustained downward trajectory before considering rate cuts. Andrew Bailey, Governor of the Bank of England, explained that they requ

Celebrating its 75th anniversary and the recent appointment of Cara Laing as managing director, family-owned Scotch whisky business Douglas Laing & Co has released of six of its most scarce and precious single casks, hand-selected from the family vaults, named "The Diamond Collection". Establish

Grant Thornton UK's Scotland corporate finance team has reported a successful 2023, overcoming challenging market conditions. Led by partner Neil McInnes, the team advised on 17 deals with a cumulative value of £363 million. Four of these deals involved cross-border transactions, and 11 were r

The deal which will see Irwin Mitchell invest in firm Wright, Johnston & Mackenzie LLP (WJM) is now complete after securing regulatory approval. This paves the way for the two businesses to work closer together as they seek growth across the UK and internationally.

Law firm CMS has announced a series of free-to-attend events aimed at supporting Scottish food & drink companies on key legal issues affecting their sector. The CMS Scotland Kernel series is designed to support companies operating in the industry which employs around 120,000 people and is curren