News

Digital bank Monzo has announced its first-ever annual profit, driven by higher interest rates and increased income from transaction fees and subscriptions.

Gillies of Broughty Ferry, a long-standing home furnishings retailer, has posted a decline in profits for the year ending 31 August 2023. Despite a slight increase in sales to £24.6 million, the company's profits fell from £2.9m to £2.1m due to rising costs.

Award-winning Scottish spirits brand Hipflask Spirits has partnered with Morrisons supermarkets. Four of the brand's best-selling flavours will be available in six Scottish stores – Fort William, Auchinlea, Dundee, Perth, Gyle, and Arbroath.

The £300 million transformation of Candleriggs Square in Glasgow’s Merchant City is continuing apace following the completion of the second major building on the site – a 346-home build-to-rent scheme, forward funded by Legal & General (L&G). Main contractor Graham Construc

Forvis Mazars, a newest global professional services network, has launched as of 1 June. Formed of Mazars, the international audit, tax, and advisory firm, and FORVIS, an accounting firm in the United States, it will operate from Edinburgh and Glasgow with Mazars existing team and services, providin

The Oban Phoenix Cinema, a community-owned cinema with a history dating back to the 1950s, has entered provisional liquidation and is urgently seeking a new buyer

Blackadders LLP has moved to a new Dundee office in the heart of the city centre. The law firm and wealth management firm will move to DC Thomson’s Meadowside building, leasing the first floor and a section of the ground floor from the content, technology and investments business. Blackadders

CMS is to host an event later this month to support Scotland’s food and drink sector to develop and safeguard their brand’s intellectual property (IP). Led by CMS partner and IP specialist Neeraj Thomas and fellow IP specialist Cara McGlynn, the free-to-attend seminar will be of interest

Richard Bathgate and Donald McNaught, restructuring partners at Johnston Carmichael, have been appointed joint administrators of oilfield services business OEM Group (Scotland) Ltd. Based in Portlethen, just outside Aberdeen, OEM Group (Scotland) Ltd was founded in 2012 and provided rental services

Chartered accountancy and business advisory firm William Duncan + Co Ltd, along with its associated insolvency practice William Duncan (Business Recovery) Ltd, have rebranded as Dains.

Scottish accountancy firm Wylie & Bisset, backed by N4 Partners, has rebranded as Wbg and expanded its reach across the UK. Following a series of acquisitions and N4 Partners’ recent seven-figure investment to become the majority shareholder of Opulus Financial, the business has opened a n

Accountancy and business advisory firm Johnston Carmichael has strengthened its leadership team with five senior promotions across the business. Three people have joined the firm’s partnership group and two have been promoted to director level. A further 92 people were promoted across the busi

AAB Wealth has acquired Bishopbriggs-based Synergy Financial Planning, bringing its total assets under advice (AUA) to over £800 million. The deal combines the expertise of 37 professionals across the Scotland, England, and Northern Ireland, all of whom are dedicated to helping families and in

The City of Richmond took a local businessman to court over unpaid taxes, only to discover they actually owed him a refund. Jeffrey Marks was served a warrant for $658 (around £516) in unpaid business taxes in December 2023. However, Marks had sold his advertising business, Promotion

The Edinburgh International Book Festival and Baillie Gifford have ended their 20-year partnership, following the withdrawal of several authors and threats of disruption from activists. The festival board said the pressure had become "intolerable", and, as a result, believe their ability to del