News

A man is suing a real estate company after finding out out that Jeff Bezos purchased his home for a discounted price. The Brazilian businessman claims he was deceived into selling his Miami Beach mansion for $6 million (c. £4.5m) less than its worth.

Deloitte has posted global revenues of $67.2 billion – a 3.1% increase, marking the Big Four firm's weakest performance in 14 years. This slowdown is largely attributed to a sharp decline in consulting services demand, particularly in the Americas and Asia. The consulting division, which contr

PwC China has been fined a record £47 million and banned for six months for its role in the Evergrande scandal. Chinese authorities found that PwC failed to identify significant misstatements in Evergrande's financial statements between 2018 and 2020. This oversight contributed to Evergrande's

Harland and Wolff, which has two Scottish shipyards in Methil and Arnish, has confirmed it is faced with administration for the second time in five years and will appoint insolvency practitioners from Teneo. While 50 to 60 'non-core' staff are being made redundant, the board maintains a "credible pa

As temperatures drop and energy bills rise, Scottish accountancy firm Wbg is advising households to address their debts now to ensure they can keep their homes warm this winter. Utility debt in the UK has become a significant financial burden for many households. This debt reflects the challenges fa

Ventex, a new Scottish venture studio accelerating the net zero transition, has appointed Robert Aitken as its new chief financial officer (CFO). Mr Aitken brings nearly 25 years of experience from Big Four firms to his role. He will be responsible for evaluating potential portfolio companies, ident

Concerns have been raised regarding the inquiry into a £1 billion banking fraud case at HBOS, after it was revealed that evidence is still being received in its eighth year. Former high court judge Dame Linda Dobbs, who was appointed in 2017 to investigate Lloyds Banking Group's alleged cover-

Scotland's coastal towns are dominating the property market, with 13 of the top 20 residential areas by average house price located on the coast, according to research by Rettie. Fife and East Lothian are home to nine of the top 10 coastal towns by house price, with Kilcreggan in Argyll and Bute the

A detectorist who stole an estimated £3 million worth of Viking treasure has been sentenced to a further five years and three months in prison after failing to pay back over £600,000.

A man has been accused of using generative AI to fraudulently obtain more than $10 million (c. £7.6m) in royalties from music streaming services using fake music and fake listeners. New York man Michael Smith, 52, was arrested by the FBI last week in connection with the alleged fraud, which in

Food and drink wholesaler JW Filshill, one of Scotland’s oldest independent food and drink wholesalers, saw turnover increase to £215 million, up 6% from £203m, in the year ending 31 January 2024.

Business Gateway has revealed a new creative campaign, in a bid to encourage more entrepreneurs, start-ups or scale-ups in Scotland to use its breadth of free services.

Clean heat technology company Exergy3 has announced the successful closure of a £1 million pre-seed funding round for its novel ultra-high temperature thermal energy storage system. The round was led by Zero Carbon Capital with participation from existing investors Old College Capital and Scot

The UK's national debt is projected to treble over the next 50 years, driven by an ageing population, climate change, and geopolitical tensions, according to the Office for Budget Responsibility (OBR). In its latest Fiscal Risks and Sustainability Report, the OBR revealed that without increased

The Forth Green Freeport (FGF) has submitted its full business case to the UK and Scottish governments.