News

Carmine Di Sibio, the global chairman and chief executive of Big Four accountancy firm EY, has announced plans to step down in June next year. His decision comes in the wake of a scrapped proposal to divide EY into separate audit and consulting businesses, a move informally known as Project Everest.

Glasgow has reached a significant milestone with 51,750 registered businesses, surpassing the 50,000 mark for the first time in its history.

The Scottish housing market continues to demonstrate strong resilience amidst increasing prices, as revealed by the latest data from Walker Fraser Steele. The average house price in Scotland experienced a surge of 0.7% in April, reaching £221,267. This figure represents a £1,600 increase

A team of Inverness-based solicitors are reflecting on their involvement in The Cairn - a distillery on the Spey - which marks its official opening today. Wright, Johnston & Mackenzie's (WJM) team of advisors provided a full range of legal services to long-standing client Gordon & MacPhail d

The chair of the Financial Reporting Council (FRC), Sir Jan du Plessis, has countered claims from senior partners at the Big Four accounting firms stating that they should increase junior auditors' pay to make the sector more appealing to young recruits.

Knight Frank has strengthened its building consultancy division in Scotland with the appointment of seasoned surveyor Alan Sime. Mr Sime has re-joined the firm as an associate in Glasgow, having started his career with Knight Frank in the city as a placement student and, subsequently, graduate in 20

Scottish construction accountancy firm, Empowered By Cloud, has achieved a record £1 million turnover, 45% up from the previous year's £692,000, according to financial reports for the year ended 30 April. This marked growth for the Glenrothes-based firm, established in 2018, comes alongs

Private bank Hampden & Co has appointed Patrick Preece as a banking director at its London office. Prior to joining the Edinburgh-headquartered bank, Mr Preece was at Investec where he worked in their city professionals team. He has also worked at C. Hoare & Co, where he was a rela

Inverness-headquartered investment firm, GEG Capital Ltd, has secured a majority shareholding in multidisciplinary consultancy, IKM Consulting Ltd. The acquisition is expected to enhance GEG Capital’s abilities in engineering and environmental sectors and fortify its role in the UK's energy tr

Two Scottish entrepreneurs have partnered to establish a global recruitment agency, White & Clayton Recruitment, based in Dubai's Motor City district. Calum White and Jamie Clayton, who have been friends since their early years in Edinburgh, aim to source top talent from around the wor

The head of the Association of Chartered Certified Accountants (ACCA) Scotland, Susan Love, has expressed concerns over the deteriorating service standards at HMRC, attributing this to a lack of investment. The decline has strained relationships between HMRC, compliant taxpayers and their agents, ac

A construction worker experienced a twist of fate that resulted in a $50,000 (c.£20,000) windfall. The worker from Silver Spring, Maryland, stopped by a convenience store and, as part of his Friday lunch break routine, purchased a scratch-off ticket, intending to enjoy his weekly lot

International business leaders conference, the PrimeGlobal Business Leader Forum, exploring the impact of artificial intelligence and environmental, social, and governance (ESG) factors on the future of businesses worldwide, recently took place in Edinburgh. The 3-day event, organised by Scotti

The dramatic surge in business insolvencies in Scotland last year was the highest rise across all UK nations, according to a report from the BBC's Shared Data Unit. Nearly 90% of UK local authorities registered an increase compared to the pre-pandemic year, with Scotland noting a stark 150% jump fro

Global real estate advisor, Avison Young, has revealed key promotions in its Glasgow branch. Michael Facenna has been promoted to director in the agency and transactions team and Afton Montgomery has been promoted to associate director in the building consultancy team.