News

Ayrshire-headquartered Edison Capital, a rapidly expanding conglomerate with interests in property, construction, hospitality and leisure, has acquired quick service restaurant (QSR) concept business, Burrito Picante, in an all-cash deal.

Johnston Carmichael’s most senior audit professional is swapping running numbers for running shoes in aid of a charity campaign to encourage social mobility in the accountancy profession. Graham Marjoribanks, partner and head of audit at Johnston Carmichael, is running a half marathon to raise

Average Scottish house prices have risen £12,379 in the last 12 months, according to analysis of the latest official statistics by DJ Alexander Ltd. The Scottish lettings and estate agency said that the latest data from the monthly house price index shows that between February 2023 and January

Arbroath-based Angus Soft Fruits has reported a strong turnaround, posting pre-tax profits of over £290,000 for the year ended 30 March 2023, according to accounts filed with Companies House. This contrasts with a loss of nearly £115,000 in the previous year, despite a slight dip in

Doug Barrowman, the husband of Baroness Mone, has been acquitted of embezzlement and tax fraud after a trial in Spain. Mr Barrowman and his business partners had been accused over a £16 million deal to purchase a cable factory that went on to file for bankruptcy.

The Bank of England (BoE) has decided to keep interest rates unchanged at 5.25%, despite a drop in inflation to 3.4% in February – the lowest level since September 2021. The positive inflation figures, released on Wednesday, came ahead of the BoE's latest interest rate decision today.

A new independent bar called Ruma – Scots Gaelic for rum – has announced it is opening its doors next week on Broughton Street in Edinburgh's New Town. Run by seasoned co-owners and Scottish bar operators Jamie Shields and Steven Aitken, Ruma will offer the largest selection of rum in Sc

HM Revenue and Customs (HMRC) has backtracked on plans to shut its self-assessment telephone helpline for half the year after facing intense backlash. The tax authority had announced the line would close between April and September, directing taxpayers online instead. However, less than 24 hours lat

SME funder 365 finance, a fintech supporting business growth within the UK, has reported a 78% increase in demand for their Rev&U revenue-based finance in Scotland, according to the latest year-on-year data.

WeDO Scotland has launched its’ annual search for the most trailblazing, innovative and transformative entrepreneurs, business leaders and SMEs.

Scotland's technology businesses remain optimistic about their prospects this year, despite operating in a complex and challenging economic environment, the latest annual report by industry body ScotlandIS has shown. The report reflects a sector generally in robust health, with increased trading and

Nationwide Building Society and Clydesdale Bank-owner Virgin Money have formally agreed on the £2.9 billion acquisition deal proposed earlier this month.

The average property selling price in Edinburgh, the Lothians, Fife, and the Borders declined 4.6% year-on-year to £272,096 between September 2023 and February 2024, according to ESPC.

The price of some popular Easter eggs have risen by 50% or more as climate change hits cocoa crops in West Africa.

A Robin Hood statue has been erected opposite the Bank of England in London coinciding with the UK launch of the stock trading app named after the Sherwood character.