News

PwC UK has warned its 25,000 employees to brace themselves for smaller pay increases and potentially frozen salaries this year due to difficult market conditions, contradicting industry calls to address rising inflation which stood at 8.7% in May.

In a recent panel event organised by the Scottish Financial Enterprise (SFE), senior executives from Encompass Corporation, Capgemini, and abrdn advocated for stronger diversity and inclusion strategies within the workplace, especially in the FinTech sector. These leaders, consisting of Ashton Montg

Scotland’s onshore GDP contracted by 0.5% in April, according to statistics announced by the Chief Statistician.

Scotland has witnessed a surge in new businesses, with over 3,200 start-ups registered in May 2023, according to research conducted by R3, the UK's insolvency and restructuring trade body. This figure, obtained from Creditsafe data analysis, was 229 firms higher than the previous month's total of 3,

Edinburgh-based corporate finance adviser, HNH, has steered Irish distillery, Powerscourt, towards a €25 million (£21.6m) asset-based lending package from PNC Business Credit, marking a significant step in the distillery's strategic growth plan. The asset-based revolving debt facility, se

West Dunbartonshire Council has approved the full business case for proposals to create a major industrial and commercial development in Bowling.

Eden Mill, a whisky and gin distillery based in St Andrews, has marked a significant milestone in its development of a new distillery and visitor centre at the University of St Andrews’ Eden Campus. The company has completed the first phase of construction of the £8 million project, and

Shepherd and Wedderburn’s banking and finance team has reported a busy 12 months. In the year to 30 April 2023, the team advised clients including banks, funds, financial institutions, alternative lenders, public bodies, corporate borrowers and sponsors, on over 140 deals with a total value of

Fintech start-up ZIPZERO has relocated its headquarters from London to Aberdeen, as it looks to leverage the region's thriving tech scene to drive its expansion. The company has made significant strides with its AI-based consumer-and-advertiser platform – bringing together both groups for a fi

Scottish Dental Care, a family-owned dentistry group based in Glasgow, has acquired Barrhead and Gorbals Dental Practices. The acquisition takes the group, which is owned by brothers Christopher and Philip Friel to 19 practices.

Haventus, the owner of Ardersier Port, has joined the Inverness and Cromarty Firth Green Freeport (ICFGF) consortium, which comprises members such as the Port of Cromarty Firth, Port of Inverness, Global Energy Group, The Highland Council, the University of the Highlands and Islands, Highlands and

Upcoming revisions to the research and development (R&D) tax relief process, set to take effect on 1 August, could discourage Scottish SMEs from applying for vital financial support, according to an R&D expert. Gemma Monaghan, head of R&D tax in Scotland at Azets, warns that the new proc

Two oil and gas sector specialists from law firm CMS have launched a new book outlining the ‘radical’ approach of the UK’s MER (maximising economic recovery) regime governing North Sea drilling operations. Maximising Economic Recovery: A New Approach to Regulating the UK's Offshore

James Fennessey, Colin Haig and Matthew Richards, partners with accountancy firm Azets, have secured a going-concern sale of the Antonine Shopping Centre in Cumbernauld to a new joint venture company, Beltrace (Antonine) Ltd., for an undisclosed sum.

Edinburgh-based water retailer Business Stream has achieved a record savings of £2.85 million for the country’s public sector this year, elevating the total savings to £6.4m over a three-year period. This was accomplished through the provision of leak detection, water efficiency, a