News

Edinburgh-based AI fintech firm Aveni.ai has secured £11 million in Series A funding. The funding round was led by Puma Private Equity with participation from Lloyds Banking Group, Nationwide and existing investors Par Equity and Scottish Enterprise.

A six-acre island off the Devon coast complete with private beach, fortifications, planning permission for a luxury hotel, and reportedly 15 ghosts, has been put up for sale. Drake's Island, just 600 yards from Plymouth, was used as a military defence for hundreds of years – with 18th-century

Scottish accounting advisory, audit and tax firm Wbg has opened an office in Aberdeen and appointed a new corporate finance team. Tom Faichnie joins as partner, head of diligence & transactions, and Melanie Clark joins as corporate finance partner – with both based at the firm’s new

Aberdeen-based accountancy firm Hall Morrice has hired 14 new staff members. The new positions, which include nine chartered accountant trainees – the firm’s largest intake ever – three accountancy placement students from Robert Gordon University (RGU), an audit/business advis

Johnston Carmichael has appointed a new business advisory director in its Edinburgh office as it seeks to grow its rural sector practice. Annie Fleming, who completed her training at Johnston Carmichael and is Association of Chartered Certified Accountants (ACCA), Association of Tax Technicians (ATT

Are you looking for an exceptional way to reward your high-achieving team and valued clients? Look no further! Golf Trailblazers is proud to present an exclusive Corporate Golf Event and Performance Coaching Day at the legendary St. Andrews Fairmont. This special event offers a unique blend of luxu

Four major UK banks, HSBC, Lloyds, TSB, and AIB, are under scrutiny by the Competition and Markets Authority (CMA) for breaching a 2017 order designed to ensure fair competition in the retail banking sector. The order mandates accurate information on products and services, including interest rates a

The Financial Reporting Council (FRC) has issued a record £48.2 million in fines last year, surpassing the previous year's total. This increase is due to the conclusion of several high-profile cases, including investigations into the audits of collapsed contractor Carillion and the scandal-hit

CB Payments Limited (CBPL) has been fined £3,503,546 by the Financial Conduct Authority (FCA) for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates a prominent cryptoasset trading platfor

Drax shares have soared over 12% to a 52-week high of 636p following strong first-half results, a promising full-year outlook, and the announcement of a £300 million share buyback. Pre-tax profits surged 37% to £463m for the six months ending 30 June. The FTSE 250-listed energy firm now

American petroleum drilling firm Helmerich & Payne, Inc (H&P) has come to a definitive agreement to acquire of Portlethen-based KCA Deutag for a cash sum of $1.9725 billion (c. £1.53bn).

Alliance Trust has reported a positive performance for the first half of 2024, with increases in both share price, up 9% to 1,212p, and NAV per share, up 8.4% to 1,273.9p. The company's total returns slightly underperformed against the benchmark MSCI ACWI index, primarily due to lower holdings in te

Highlands and Islands Enterprise (HIE) has reported that its support for Moray businesses and communities in the last financial year will lead to the creation or retention of over 100 jobs. The agency's outturns for 2023/24 were achieved through a combination of financial and non-financial intervent

As a direct legacy of the 2014 Glasgow Commonwealth Games, urban regeneration company Clyde Gateway has created thousands of jobs, supported thousands of businesses, and brought over 150,000 square metres of office and industrial workspace into use in the East End of Glasgow and Rutherglen. As a con

TLT has announced another year of strong financial results with 12% year-on-year increase in turnover for 2023/2024. Annual revenue at the firm is up to £174 million from £157m in 2022/2023. Results for 2023/2024 were recorded over an 11-month period and subsequently annualised after TL