News

(from left) Innes Smith (chief executive, Springfield); Sandy Adam (chairman, Springfield); Ross Mickel (group director, Mactaggart and Mickel) and Paul McAninch (group finance director, Mactaggart and Mickel­) Springfield Properties has today confirmed a deal to acquire the Scottish houseb

Santander UK and the Dedicated Card and Payment Crime Unit (DCPCU) are running a series of webinars designed to help protect UK businesses against scams and fraud. The DCPCU is a national police unit formed in partnership between UK Finance, the City of London Police, Metropolitan Police and Home Of

West Lothian-based pizza oven company Ooni has reported record turnover for the year at £208 million, up from £57.2m in 2020, signalling 254% growth. Ooni has grown exponentially, selling its innovative range of pizza ovens and accessories in over 90 countries worldwide.

More than half of employers in Scotland (53%) have seen an increase in hybrid working amongst staff compared to before the pandemic, according to a new survey by workplace experts Acas.

A collection of Elvis memorabilia worth up to £275,000 is going up for auction this weekend. The auction coincides with the release of the new blockbuster film about the icon.

Blair Nimmo and Geoff Jacobs from Interpath Advisory have been appointed as joint liquidators of Scottish bar operator Macmerry300 Ltd. The administrators were appointed yesterday.

The Scottish Tourism Alliance (STA), the representative body for Scotland’s tourism industry, has published the results of its research into the recovery of the sector, revealing that summer and forward bookings are down and almost 40% of businesses have reported a decrease in spending in sin

Asset and wealth management firm AssetCo, run by Martin Gilbert, has announced that it has reached an agreement to acquire the entire issued share capital of Edinburgh-based fund management business SVM Asset Management Holdings Limited for £10.7 million. The consideration will be satisfied by

Nationwide Building Society has increased the interest rate on its FlexDirect current account to a "market-leading" 5%. The 5% AER rate (4.89 gross) will be available for new applications2 opened from 21 June on balances up to £1,500 for the first 12 months. Those switching their current accou

Glasgow-based tech start-up Frog Systems has appointed former FanDuel and Sharktower CFO Brendan Waters as the company’s first finance director. Mr Waters brings a wealth of expertise in taking technology businesses from start-up, to scale-up and maturity, having previously been CFO at Scottis

The Bank of England has announced that it will withdraw its mortgage stress test from the start of August this year. In March, the bank's Financial Policy Committee proposed withdrawing affordability rules that were put together after the financial crisis and require banks to check whether borrowers

LGT Wealth Management has announced the opening of its first office in Scotland, headed up by John Godfrey, formerly regional centre head and senior investment director at Barclays Wealth and Investment Management. Following the success of LGT Wealth Management’s first regional office in Brist

Audit partners at Big Four accountancy firm EY are set to receive multi-million-pound payoffs if the firm implements plans to separate its audit and consulting business. In June, it emerged that EY was considering a full separation of its auditing and consulting business. According to leaked interna

Homeowners renting out their properties to visitors during events, festivals or sporting occasions could be exempted from a new licensing crackdown on short-term lets.

STV is currently on track to exceed its £40 million Studios revenue target for 2023, signalling a 7% increase for the broadcaster. The news came as STV Studios and Tod Productions announced that they have won an 8-part scripted series "Criminal Record" for Apple TV. The broadcaster said that t