News

Laurie Scott has been promoted to finance director of Edinburgh-based professional cleaning contractor Spotless Commercial Cleaning. Having joined the cleaning contractor as financial controller in 2021, Mr Scott has demonstrated a remarkable ability to manage financial affairs which has made a sign

Wylie & Bisset has unveiled an array of promotions across various sectors of its organisation including audit, business advisory services, insolvency, payroll, and tax departments.  Sandy Hogg and Rory McCall have received promotions to associate director within the external audit team, ack

Law firm Morton Fraser has reported its highest-ever annual revenue, of £25.7 million, an increase of 8% year on year, and an increase of 25% over the last two years. A bonus of six% of annual salary has been announced and, as in previous years, this will be paid to all staff, not just fee ear

Law firm Freeths has expanded into Scotland, marking this with the opening of a new office in Glasgow and the appointment of two partners, its first base outside of England. The newly appointed partners, Paul Ockrim and Nick Taylor, formerly of Addleshaw Goddard, will lead the Scottish venture, head

A man has been handed a prison sentence exceeding six years for perpetrating a green energy Ponzi scheme, which claimed to transform cow manure into energy, defrauding investors of over $8.7 million (£6.9m). The six years and nine months sentence for Ray Brewer, 66, of Porterville, and Sh

In the first quarter of 2023, the UK economy experienced a minor growth in output, maintaining the same rate as previously estimated. The Office for National Statistics (ONS) confirmed a 0.1% increase in the gross domestic product (GDP) from the final quarter of the previous year, mirroring the grow

Edrington, the Glasgow-based whisky distiller, comprising prestigious brands including The Macallan and Famous Grouse, has reported a 43% rise in pre-tax profits and exceeding £1 billion in core revenue for the first time, marking a milestone in the company's financial performance. This growth

Real estate advisor CBRE has finalised the off-market sale of Glasgow's historic Forsyth Building on behalf of Ambassador Group. A London-based private investor, represented by Landswood De Coy, secured the deal for £9.7 million.

Scottish business confidence has surged by 28 points to reach a 50% mark in June, revealed by the recent Business Barometer survey from the Bank of Scotland Commercial Banking. This confidence is reflective of firms' optimism in both their individual prospects, which jumped 22 points to 52%, and the

Scottish hotels experienced a larger-than-normal surge in room rates in May, bolstered by three bank holidays that increased demand, as per the RSM Hotels Tracker.

New data from the Bank of England shows significant shifts in the borrowing and deposit behaviours of UK households and businesses in May.

In a move to strengthen Scotland's position as a European hub for startups, the Scottish Government has announced it will deliver a funding package worth £17.5 million this year.

Scotland is set to create its first two Investment Zones in the Glasgow City Region and the North East, with up to £160 million of targeted investment, tax reliefs, and other incentives being earmarked over the next five years. This joint initiative by the Scottish and UK governments aims to b

The Scottish economy has shown surprising resilience in 2023, outperforming expectations by avoiding a predicted shallow recession, according to a quarterly economic commentary published by the University of Strathclyde's Fraser of Allander Institute. Supported by Deloitte, the report provides an in

The survival of Scottish retail chain Wilkies has been secured through a sale of the business and certain assets out of administration. The sale was managed by Blair Nimmo and Alistair McAlinden from Interpath Advisory, who were appointed joint administrators Wilkies Limited on 29 June 2023.