News

Glasgow Prestwick Airport has returned a £3.2m operating profit for the year 2023-24, reflecting the strength and resilience of its diverse business model. With revenue streams spanning passenger travel, cargo operations, general aviation, fuel supply and property, the Airport continues to dem

The Financial Conduct Authority (FCA) has fined Metro Bank PLC (Metro) £16,675,200. The regulator found that, between June 2016 and December 2020, Metro failed to have the right systems and controls to adequately monitor over 60 million transactions, with a value of over £51 billion, for

Glasgow-headquartered pensions and SIPP provider @sipp has appointed Josh Legg as business development manager as the firm presses ahead with its growth strategy. Mr Legg, who has 12 years of experience in the SIPP and SSAS industry, has joined @sipp to support advisers in navigating the complex ret

Vishal Chopra, who took over from James Kergon as senior partner for KPMG in Scotland, has revealed a new-look senior leadership team. Mr Chopra now oversees a team of more than 900 people across KPMG’s offices in Glasgow, Edinburgh and Aberdeen. He stepped into the role after having most rece

Terra Firma Chambers will host a Budget Seminar on Tuesday 3 December at the Mackenzie Building, Edinburgh.

Specialist manufacturing firm Rovtech, which is owned by Aberdeen-based climate tech venture studio Ventex, has appointed John Polson as it seeks to accelerate the global expansion of nuclear energy and offshore wind. The 30-year-old joins Rovtech from Aratellus, where he was director of projects an

Edrington, owner of whisky brands such as The Macallan and The Famous Grouse, has named former Aggreko finance chief Angus Cockburn CA as its next chair ahead of Crawford Gillies' retirement. Mr Gillies will step down from the Edrington board on 31 March 2025 after eight years’ service. During

A portrait of Alan Turing by Ai-Da, which is described as the "world's first ultra-realistic artist robot", has sold for over £800,000 at a Sotheby's auction in New York. The 2.2 metre tall artwork, titled A.I. God. Portrait of Alan Turing, smashed pre-sale estimates of $120,000-$180,000,

Bitcoin has surged above $80,000 (c. £62,000) for the first time, following last week's US election result. This follows US President-elect Donald Trump's campaign promises to make the US "the crypto capital of the planet" by creating a strategic bitcoin reserve and appointing crypto-friendly

US oil company Apache has announced its intention to cease oil production in the UK North Sea by 2030. The decision comes as a direct response to the UK government's increased windfall tax on energy producers, which Apache deems makes continued investment in the region uneconomical.

Stirlingshire-based Graham's Family Dairy has secured a major deal with Costco, the world's third-largest retailer. The agreement will see Graham's popular Strawberry Protein 25 pouches stocked in multipack form across Costco's UK, Iceland, and Swedish stores. This marks the first time the product w

RBS-owner NatWest Group has repurchased £1 billion worth of its shares from the UK government, further reducing the Treasury's stake in the bank from 14.2% to 11.4%. This marks a significant reduction in the Treasury's holding, which stood at approximately 38% in December 2023. The government

Scottish influencer and entrepreneur Robin James, known online as Man For Himself, has secured a £70,000 loan from the Investment Fund for Scotland to expand his men's haircare brand, Anforh. Mr James, who boasts an online following of over 620,000, launched Anforh last year after spending ove

Scotland’s hotel sector has outperformed the wider UK hotel industry in September, continuing the positive trend seen throughout 2024, 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 was up fro

RMT Accountants & Business Advisors, a member of the Sumer Group, has acquired specialist restructuring practice KSA Group, which has offices in Edinburgh and Berwick, for an undisclosed sum. The KSA Group specialises in pre-insolvency solutions and works with the directors and owners of struggl