News

Proposals by Dublin-based Dalata Hotel Group for a £50 million hotel in Edinburgh have moved to the planning stage. A four-star Clayton hotel consisting of 167 rooms is planned for the site at 28 St Andrew Square.

Property development company S Harrison has agreed a forward funding deal with Singapore-headquartered Q Investment Partners (QIP) to deliver two major new purpose-built student accommodation (PBSA) schemes in Edinburgh. S Harrison secured planning permission in late 2022 for a project on East Newin

Pop star Madonna is being sued by two concertgoers because she started her show two hours late. New York City men Michael Fellows and Jonathan Hadden bought tickets for Madonna's show last month. It was due to begin at 8:30 p.m., but Madonna did not take to the stage until after 10:45pm

More than 38,000 start-ups were launched in Scotland in 2023, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows 38,313 firms were set-up in Scotland in 2023 – a rise of 12.1% from 2022’s tot

Judges have ruled that Walkers must pay VAT on its mini poppadoms because they are really just crisps. The snack giant had argued that that its Sensations Poppadoms were not crisps and should not attract sales tax.

Scottish accountancy firm Henderson Loggie has elected Shona Campbell as its new chair, succeeding Alan Davis following his successful eight-year tenure. Ms Campbell leads Henderson Loggie's business recovery and insolvency team and has 25 years’ experience advising businesses across Scotland.

Luxury fashion boutique Oliami in Auchterarder has acquired Pampas, the contemporary women's fashion store in the west end of Glasgow. Located at 78-80 Hyndland Road, Pampas has been an integral part of the Glasgow fashion scene since 1990 and is recognised as one of Scotland's premier independent l

A new independent report on the state of Aberdeen’s economy outlines the continuing need for a long-term strategic approach to secure a successful transition to renewable energy. The 2023 Economic Policy Panel Report highlights that the key to achieving long-term success is diversification, at

Edinburgh-based Intelligent Growth Solutions (IGS) has secured £22.5 million in a Series C fundraise to support significant global expansion as the business deploys its vertical farming technology to customers worldwide. The investment comes after IGS announced at COP28 it would be joining Dub

Diane Ireland has been named as law firm Inksters' new chief operating officer. Ms Ireland has worked for Inksters for several years as the firm's legal process engineer.

The Scottish Borders Council Pension Fund has made its first investment in natural capital in partnership with US-headquartered asset manager Nuveen. The Pension Fund has made an initial commitment to Nuveen’s flagship Global Timberland strategy, with the potential for further allocations acro

Manchester-based specialist tax consultancy Forbes Dawson has expanded into Scotland with the appointment of Brona MacDougall as a director. Ms MacDougall, who has worked in tax for 15 years, will head up the firm's Scotland operations from Lismore in the Scottish Highlands.

Legislation enabling councils to increase their affordable housing stock without having to pay a tax on additional properties has been introduced in the Scottish Parliament. Under changes to the Additional Dwelling Supplement (ADS), paid as part of Land and Buildings Transaction Tax, the length of t

UK accounting firms MHA and MHA Moore and Smalley are to formally merge from April, creating a nationwide audit, tax and advisory practice with 1,600 partners and staff operating from 21 offices. This announcement caps a busy last 12 months for MHA, having opened offices in 2023 in Scotland and Wale

Arnold Schwarzenegger spent several hours being detained by German customs officials in a tax row over a luxury watch. The action movie star turned climate change campaigner allegedly failed to declare a custom-made watch by Audemars Piguet, which he intended to auction to raise funds for The Schwar