News

The EY ITEM Club has downgraded its GDP growth expectations for 2025 to 0.8%, down from the 1% predicted in February’s Winter Forecast, and has revised its 2026 forecast down from 1.6% to 0.9%. While the start of 2025 appeared to show economic momentum building, the weaker global economy and m

A fast-growing Dundee manufacturer is making its mark on the global energy sector, and its success is driving job creation and skills investment at home.

New figures show the total reported amount lost to fraud reached £2.3bn in 2024, according to a freedom of information request by RSM UK to Action Fraud. Total reported fraud losses increased 6% to £2,255,491,192 in 2024, from £2,115,281,935 the previous year as fraudsters become i

CBI Scotland has called on the Scottish Government to make closing the skills gap a priority in its upcoming Programme for Government to boost productivity and long-term sustainable growth. In a letter to the First Minister, CBI Scotland argues that a coordinated national skills strategy and action

Republican lawmakers are advancing plans to dismantle the Public Company Accounting Oversight Board (PCAOB), the independent US audit regulator created after the Enron scandal more than 20 years ago. The proposal, part of a broader deregulatory agenda linked to US President Donald Trump, was introdu

Scottish wealth advisory firm, Tweed Wealth Management, has established a new sports division dedicated to the unique financial needs of athletes. The division aims to provide tailored financial advice and services throughout an athlete's career and into retirement.

Karen Scholes CA has been appointed as the new President of Institute of Chartered Accountants of Scotland (ICAS) for 2025/26, becoming the sixth woman to hold the role in ICAS’ 171-year history. Ms Scholes is the partner director of Scholes CA, an independent accountancy firm with a strong fo

A Dutch municipality has admitted it "most likely" threw out 46 artworks — including an Andy Warhol print of Queen Beatrix — during renovation works last year.

Glasgow-headquartered engineering firm Weir Group has announced strong operating results for the first quarter of 2025, highlighted by a 5% year-on-year increase in equipment orders and an improved book-to-bill ratio of 1.11. The mining solutions specialist experienced robust demand for its original

In March 2025, there were 118 company insolvencies registered in Scotland, 3% higher than the number in March 2024. The total number of company insolvencies was comprised of 55 CVLs, 57 compulsory liquidations and six administrations. There were no CVAs or receivership appointments.

Annual statistics for the financial year 2024-2025 show a slight increase in corporate insolvencies in Scotland, contrasted by a notable decrease in personal insolvencies. There were 1,175 corporate insolvencies recorded, representing a marginal 0.6% rise from the previous year (1,168) and a 3.8% in

The former premises of a seafood firm in Buckie, which closed in 2022, has been brought back to life as a state-of-the-art shellfish processing facility. Over the next three years, the project is expected to generate nearly £1 million in turnover and create 12 new jobs.

Aberdeen, the global asset manager, reveals President Trump’s current term is the only first 100 days where the S&P 500, Dow Jones and FTSE World have all fallen. Aberdeen looked back to 1993, when Bill Clinton won the election with his now famous “It’s the economy, stupid!&rdq

Strathclyde Partnership for Transport (SPT) has enlisted the services of Mott MacDonald to help make the case for investment for Clyde Metro.

Property consultancy Galbraith has made 22 staff promotions across its 13 offices in Scotland and the north of England. The promotions include a new role as head of people and culture as well as two people moving up to become directors, three to senior associate, and two to associate.