News

Tilbury Douglas Group CEO Paul Gandy is to step down and be replaced by Craig Tatton, the group has revealed. Mr Gandy will remain in post until 1 November 2024 as he prepares to take up his new role as the 122nd president of the Chartered Institute of Building (CIOB).

Global drilling waste management company TWMA has posted its second quarter 2024 earnings of $19.5 million (c. £14.85m) and operating profit of $4.9m (c. £3.73m). The Dyce-headquartered firm has seen a year-on-year revenue increase of more than $2m (c. £1.52m). Global utilisation o

Wbg has lauded the launch of the Scottish Government's Entrepreneurial Education Pathways Fund, predicting it will inspire a wave of young business owners. The fund, offering grants up to £250,000, aims to encourage innovative courses and projects for under-18s, highlighting entrepreneurship a

Financial planning and wealth management firm AAB Wealth has acquired WealthFlow, a specialist financial planning firm based in Edinburgh, bringing its total assets under advice (AUA) to over £1 billion. Edinburgh-based WealthFlow’s experience in managing the intricacies of financia

Dundee-based accountancy firm Ashton McGill has been shortlisted for the Employer of the Year (Small Company) award in the UK’s most esteemed accountancy awards. The firm which is founded by father and son Alasdair and Andrew McGill, and now has a headcount of 14, is one of five Scottish busin

Burges Salmon has reported a 27% increase in turnover to £163 million, and a 46% increase in net profit to £50.5m from £34.6m. The independent UK law firm, which recently celebrated the fifth anniversary of its Edinburgh office, today published its results for the financial year en

A cannabis business has been sanctioned for handing out free ice cream. While cannabis can now be bought and sold for recreational use in Ohio, one dealer has been slapped with a fine of $150,000 (c. £115,000) for handing out free sweet treats as well.

The UK government's stake in RBS-owner NatWest Group has been further reduced from 18.99% to 17.97%. The Treasury's sale of the shares comes after the new Labour government decided it will no longer go forward with plans for a public offering of the government's remaining stake to retail investors.

Glasgow-based tour operator McKinlay Kidd, which projects turnover in excess of £8 million this year, has become employee-owned. Announcing the change of ownership, managing director Zoe Davidson, said: “After 21 years as a trail blazing tour operator, we are thrilled that McKinlay

The Scottish Government should use the forthcoming Programme for Government to support enterprise and go full throttle in the quest for long-term sustainable growth, according to CBI Scotland. The organisation is calling the Scottish Government to work closely with UK counterparts to give crucial mo

A £5.9m project to create a new whisky distillery within the former derelict mill at Castletown in Caithness has secured a £250,000 investment from Highlands and Islands Enterprise (HIE). Dunnet Bay Distillers Limited (DBDL) is leading the project, which will create 13 jobs. The project

St Andrews Timber & Building Supplies has upgraded its landscaping division with the purchase of two new vehicles. The expanded fleet will see a Volvo FE 320 Dropside based at its Stenhouse branch in Edinburgh, while a Mercedes Actros 2533 will work out of the firm’s west coast headquarter

STV Group plc has appointed Rufus Radcliffe as chief executive officer, effective from 1 November 2024. Mr Radcliffe joins STV from ITV plc where until April 2024 he was a member of the executive committee and latterly held the position of managing director of streaming, interactive and data, playin

Lloyds Banking Group has announced it is increasing its maximum loan-to-income ratio for first-time buyers from 4.49 to 5.5. Through Lloyds Bank and Halifax, the 'First-time Buyer Boost' is a new step in the group’s efforts to help more customers buy their own homes.

Business confidence in Scotland rose 13 points during August to 64%, according to the latest Business Barometer from Bank of Scotland. Companies in Scotland reported higher confidence in their own business prospects month-on-month, up 21 points at 66%. When taken alongside their optimism in the econ