News

Freeths has appointed Gary Georgeson as a legal director in its real estate team following its launch in Scotland. Joining from CMS, Mr Georgeson has over 17 years’ experience in the commercial property sector advising on all aspects of real estate matters, but with a particular emphasis

Scottish retail sales witnessed a sharp decline in July, with factors including inclement weather and unfavourable economic conditions weighing heavily on the industry, as per data from the Scottish Retail Consortium (SRC). July's sales showed a modest growth of 4.6% compared to July 2022, but this

A significant drop in inflation was recorded for July, with the Consumer Price Index (CPI) having decreased from 7.9% to 6.8%. The drop is in line with the Bank of England's projections and was expected, particularly in light of the preceding month’s energy bill cut. Nevertheless, core inflati

Recent data has revealed that the proportion of HM Revenue & Customs (HMRC) staff working remotely has surpassed the numbers seen at the peak of the first national lockdown.

In the second quarter of 2023, Scottish commercial property experienced a surge in investment, reaching £320 million, according to Colliers' Scotland Snapshot. This is a significant rise from the £250m of Q1, yet it remains 35% lower than the five-year quarterly average of £490m. T

The University of Edinburgh's The Data Lab has unveiled a new AI-powered tool, 'Funding Finder', aimed at streamlining the process for businesses seeking financial backing across the UK. The tool aims to efficiently match businesses with the most suitable funding bodies, addressing the challenges of

An Edinburgh sandwich shop chain, Bross Bagels, has filed for liquidation after accruing debts of over £1.2 million. The largest chunk of this debt, approximately £625,000, is owed to the Inland Revenue. In a joint investigation, The Edinburgh Reporter and The Edinburgh Guardian discover

Bank of Ireland customers experienced a brief windfall as a result of a glitch in the bank's system allowing withdrawals of up to €1,000 (around £856) from ATMs, even if their accounts held no funds. This technical hiccup also affected the bank's app, granting users similar privilege

Bathgate-based Clarus Networks, a provider of business-critical connectivity solutions, has received a combined £50,000 in grants from West Lothian Council to accelerate its expansion plans. The award, comprising a £40,000 Growth Assistance Project Grant and a £10,000 Digital Devel

VINCI Energies has solidified its position in Scotland by acquiring NorPower, a Muir of Ord-based company specialising in extra high voltage overhead lines in the UK. Founded in 2003, NorPower has expertise in the construction, installation, reconfiguration, and refurbishment of woodpole and steel o

The average property price in Scotland in June 2023 remained steady at £189,000 compared to June 2022, according to recent data from the UK House Price Index (HPI).

Glasgow-based integrated drug formulation and clinical trials specialist BDD has secured a fresh £2 million investment to fuel its expansion, responding to a surge in demand for its proprietary drug delivery technology and its niche clinical trial services. This funding initiative was led by p

Recent data emerging from Scotland's labour market has placed the Monetary Policy Committee's (MPC) next interest rate decision in a challenging position.

Manju Malhotra, chief executive officer of luxury retailer Harvey Nichols, has stepped down from her position. The decision comes after Ms Malhotra clashed with the brand's Chinese owner, Sir Dickson Poon, over growth strategies, the Retail Gazette reports.

Recent government research has highlighted a waning faith amongst UK companies in the benefits of new free trade deals post-Brexit.