News

Nearly a third (29%) of senior leaders in the financial services sector in Scotland use generative AI at least once a day at work, according to new research from KPMG UK.

Glasgow-based funeral plan provider Golden Charter has appointed highly experienced technology transformation leader, Stuart McWhinnie as its chief technology officer, effective from today (15 April). McWhinnie brings extensive experience implementing robust technological change programmes with

A recent report has revealed the substantial impact of Scotland's public sector procurement expenditure, contributing over £13 billion to the nation's economic activity and bolstering its GDP by £7.5bn during the fiscal year 2021-22. The fifth annual report on procurement activity in Sco

The Institute of Chartered Accountants of Scotland (ICAS) has marked a record year with the highest number of annual admissions in its 170-year history. Nearly 850 Chartered Accountants (CAs) joined the profession at its annual admission ceremony on 13 April.

David Meldrum, director within Azets' Scottish restructuring and insolvency team, has recently obtained his insolvency licence from ICAS, becoming the firm's third practitioner to be licensed in Scotland. Mr Meldrum, who has been working in the Scottish insolvency market for 17 years, joined Azets i

Richard Bathgate and Graeme Bain of Johnston Carmichael, joint administrators of Balgownie Limited and Balgownie Rentals Limited, have sold the 117-year-old business and assets of both companies to MacGregor Industrial Supplies Limited, preserving 15 jobs. The sale includes both the Inverurie and Tu

CMS has promoted two partners within its Glasgow and Aberdeen offices. The newly promoted partners include Craig Wilson, from CMS Aberdeen’s corporate department, and Glasgow-based Fiona Letham.

In a significant expansion, two Borders accountancy firms, Hogg & Thorburn and JRW, have formally merged. Having taken effect on 6 April 2024, the amalgamation forms JRW Hogg & Thorburn, marking a milestone in the histories of these long-established firms.

In a landmark trial, a 67-year-old Vietnamese property developer has been sentenced to death for her role in orchestrating one of the most staggering bank frauds in history. Businesswoman Truong My Lan, founder of real estate developer Vạn Thịnh Phát Group, received the judgement for her

Accountancy firm William Duncan along with WD Wealth Management Ltd, is rallying together a team of 12 members to participate in The Kiltwalk "Big Stroll" challenge, all in support of Whiteleys Retreat.

The open call for project funding bids for Glasgow City Region’s £160 million investment zone has generated substantial interest from across the region with almost £2 billion worth of bid applications received.

The Bank of England has agreed to a “once in a generation” overhaul of its forecasting and communications strategies following a comprehensive review led by former Federal Reserve chair Ben Bernanke. The review provides a thorough assessment of the bank’s current forecasting approa

More than 800 company directors have been disqualified in the past fiscal year for abusing Covid support schemes following investigations by the Insolvency Service. One such case involved 24-year-old Muhammad Anas, who accepted a six-year disqualification undertaking starting on 2 April 2024.

Nearly half of consumers (49%) in Scotland say they have cut non-essential spend in the first quarter of the year, according to new research from KPMG.

Concerns are mounting that Edinburgh will not be able to accommodate performers and visitors to its world-leading festivals this summer due to the impact of short-term let regulations.