News

EQ Accountants has appointed Craig Nicol as chief executive officer effective from 1 November 2023. Mr Nicol has worked with EQ as a non-executive director for the last 14 months. Together with the EQ partners he has been focused on the next phase of EQ’s growth journey.

Dame Susan Rice has been appointed as the inaugural independent chair of Forth Green Freeport to deliver a green growth strategy for Scotland’s industrial corridor. Dame Rice is an experienced chartered banker who has had a distinguished career in finance as the former chair and CEO of Lloyds

ACCA (the Association of Chartered Certified Accountants) has urged the UK government to put ethics, transparency and governance at the heart of its AI (artificial intelligence) policy.

The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.

Raeburn Christie Clark & Wallace LLP (RCCW) has acquired Aberdeen-based practice Mackie & Dewar. Partner Alistair Marshall will join RCCW as a consultant focusing on residential conveyancing and private client matters. He will oversee the transition of the business to RCCW’s head offic

The Bank of England (BoE) has voted to maintain the base interest rate at 5.25% for the second consecutive time, signalling a continued tight monetary stance into the foreseeable future against a backdrop of persistent inflation and subdued economic growth. Despite the grim economic outlook, the cen

Aberdeen-headquartered global energy services company Wood Group appointed Arvind Balan as its new chief financial officer and executive director, effective from mid-April 2024. Mr Balan's financial acumen, honed through his recent tenure as CFO of Rolls-Royce’s Civil Aerospace division &ndash

The Weir Group PLC, headquartered in Glasgow, has appointed Brian Puffer as its new chief financial officer and executive director, joining the board by 1 April 2024. Mr Puffer, who is currently serving as chief financial and risk officer at BP plc Integrated Supply and Trading, brings over three de

Responsible investor Downing LLP’s Property Finance Team has received a £75 million sustainability-linked facility from HSBC. Complementing the significant retail and institutional capital which Downing already has and is looking to deploy into the space, the additional funding will allo

Heating, Plumbing & Parts (HPP), a Scottish supplier, has grown its status as one of Scotland’s principal distributors in the plumbing, heating, and bathroom sector, following support from Business Gateway. The company's trajectory has seen significant expansion since its establishment in

HSBC has become the first bank to offer tokenised gold to customers. The bank has revealed a platofrm that utilises distributed ledger technology to tokenise the ownership of institutional clients’ physical gold held in the bank’s London vault.

Chivas Brothers, the Pernod Ricard business dedicated to Scotch whisky, has opened the doors of its Glentauchers distillery to the wider spirits industry to share its successful implementation of heat recovery technology at the company site.

Socially driven coaching and training enterprise, Know You More, is expanding its programmes for young people throughout Scotland, with free coaching and training on offer for those aged 18-25 thanks to a £100,000 funding boost from Social Investment Scotland (SIS). Thanks to the funding Know

Aberdeen developer Drum Property Group has announced pre-tax profits of £9 million as the firm hailed another year of strong growth. Drum said it continued to deliver “transformational” developments across the residential, leisure and business space sectors in Scotland and beyond i

In the latest economic update, Scotland's onshore GDP reported a slight increase of 0.1% in August. This modest rise follows a 0.2% growth in July and compensates for the 0.1% dip experienced in June. The service sector, which accounts for around three quarters of the economy, saw a 0.5% increase af