News

Scotland's colleges face mounting financial pressure, with a 17% real-terms funding cut since 2021/22 and a further £32.7 million reduction this fiscal year, Audit Scotland has revealed. The public auditing body's report shows cash balances held by colleges are also forecast to fall. Under the

An unruly passenger whose behaviour forced his plane to divert has been ordered to repay the airline for the additional fuel costs. In an unusual move, a court in Perth, Australia ruled that the 33-year-old man should pay $8,630 AUD (c. £4,400) to the airline to cover fuel costs in addition to

Robertson Construction Northern has begun work on a £3.5 million warehouse for Gordon & MacPhail at its Benromach distillery in Forres. The new warehouse follows the construction of two other warehouses in 2019 for the family-owned firm which has been bottling single malt whiskies since 18

Royal Bank of Scotland (RBS) and Bank of Scotland (BoS), in conjunction with government grants, have provided £50 million in funding to support Kingdom Group's ongoing commitment to building high-quality affordable homes across Scotland. The funding will support the social housing provider's d

The Murray Income Trust plc, the £1bn investment company focused on UK equities, reported its annual results to 30 June 2024. Key highlights include:

Housebuilder Cala Group has announced today that an agreement has been signed by the global investment firm Sixth Street Partners and Patron Capital, the pan-European institutional investor focused on property-backed investments, to acquire the company from Legal & General Group Plc.

Scottish biotech firm MiAlgae has secured £14 million in funding to accelerate its operations and scale production. The company has successfully reached commercial-scale of its sustainable marine Omega-3 product, NaturAlgae, at its demonstrator site in Scotland.

UK chief executives see implementing generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG. In its 10th annual CEO Outlook survey, KPMG spoke to more than 1,300 CEOs around the wo

A stash of medieval coins minted around 1320 AD has been discovered during a construction project.

Kevin McColgan has stood down as CEO of Aberdeenshire-based Bancon Group with effect from today. In a statement, Bancon said Mr McColgan – an experienced construction industry leader who was appointed to the role in September 2023 – was standing down "due to personal reasons".

The Scottish Chief Financial Officer Awards have returned for a second year, celebrating the talent of finance leaders and their teams across Scotland. For the event Grant Thornton UK LLP has again teamed up with fellow founding sponsors Addleshaw Goddard, FWB and Barclays Corporate Banking.

UK inflation has remained flat at 2.2% in August, despite a significant surge in airfares. The Office for National Statistics (ONS) reported that lower fuel prices and slower increases in restaurant costs offset the rise in flight costs. This news comes as the Bank of England is expected to maintain

Construction Industry Scheme (CIS) contractors are becoming a target for the tax authorities with HMRC issuing letters to CIS contractors if records indicate that the correct deductions may not have been applied, a Scottish tax expert has warned. The letter prompts the contractor to verify the CIS t

Over a third (36%) of UK adults would set up a Junior ISA (JISA) on behalf of their grandchild, nephew, or niece if JISA rules were relaxed, Scottish Friendly has revealed. According to findings from Scottish Friendly’s Family Finance Tracker, as rules currently stand, JISA rules prohibit anyo

New rules from the Financial Conduct Authority (FCA) to protect access to cash have come into force and are already having a positive impact in local communities. Since the rules were confirmed in July, LINK, which manages the UK’s cash access and ATM network, has reassessed the needs of local