News

A fraudster has succeeded in swindling over £20 million from a company by using deepfake technology to pose as its chief financial officer. In a cautionary tale for the AI age, the scam saw a finance worker in the Hong Kong office of a multinational firm invited via email to join a video call

Changes to what constitutes a high-net-worth individual (HNWI) are likely to have the unintended consequence of negatively impacting on women investors and women-founded businesses in Scotland, investment specialists have said. From 31 January 2024, new regulations under the Financial Promotions Ord

Gilson Gray has expanded its footprint in Dundee and Angus, following the takeover of Bowmans Solicitors. The firm will also now double its space at 2 West Marketgait in the city centre, taking on another floor of the flagship building, as well as gaining an additional office in Forfar. A team of 11

CMS has bolstered its Scottish disputes resolution practice with the appointment of two senior level disputes specialists, Amy Cornelius and Lizzie Gray, as of counsels. Ms Cornelius has extensive experience as a commercial litigator working across all levels of the Scottish Court System for local a

Grant Thornton UK LLP has appointed Stuart Preston as the new practice leader for Scotland. Mr Preston is responsible for leading and growing Grant Thornton’s team of 222 people based across the firm’s Glasgow, Aberdeen and Edinburgh offices. As a partner and restructuring specialist, as

A toddler who crawled into a claw machine and cheerfully lounged on the prize toys had to be removed by police. The three-year-old became stuck in the Hello Kitty-themed machine in a shopping centre in Queensland, Australia on Sunday, The Guardian reports.

In a bid to foster the growth of innovative leaders in the Scottish Highlands and Islands, the Highlands and Islands Enterprise (HIE) has launched this year's IMPACT30 programme, providing comprehensive business support to 22 individuals under 35 in key decision-making roles.

Edinburgh-based payment orchestration provider BR-DGE has announced its latest collaboration with payments network Discover Global Network to support its global growth. This alliance will enable BR-DGE’s merchants to access the fastest growing global payments network, with Discover Global Netw

A new financial planning venture, Juniper Financial Planning, has taken root in the heart of Ayrshire, founded by experienced financial planners Ross Hunter, Scott Moore, and Euan Brown. Boasting a collective 50 years of experience from prominent financial planning institutions like Standard Life, a

There has been a 2.7% decrease in Scottish retail footfall, slightly better than the UK average of 2.8% year-on-year during the period of 31 December 2023 to 27 January 2024, the latest SRC-Sensormatic IQ data reveals.

More than 1.1 million UK taxpayers have failed to meet the January 31 self-assessment filing deadline, resulting in a 10% increase from the previous year, as reported by HM Revenue & Customs (HMRC).

Some 18.2% of UK-listed companies issued profit warnings in 2023, surpassing the levels witnessed during the 2008 financial crisis, as indicated by EY-Parthenon's latest Profit Warnings report. In total, 294 profit warnings were issued in 2023, a small decrease of 11 from 2022 when 305 warnings were

Take-up of office space in Edinburgh has hit 649,000 sq ft in 2023, just 0.9% below 2022’s figure, according to Savills. Despite this minor fall, it remains 0.5% higher than the five-year average for the city, as more occupiers get to grips with what they both need and want from their office s

Commercial property and investment collective M Core has acquired the Princes Square retail development in the heart of Glasgow city centre, for an undisclosed sum. The 118,625 sq ft property features four self-contained retail units along Buchanan Street and an inner mall spread across five levels,

Thorntons has posted profits of £9.2 million and turnover of £37.8m, for the financial year ending 31 May 2023. Profits are 9.1% (£0.9m) down from last year, after a seven-figure IT investment and staff benchmarking exercise. Turnover is up 8.2% (£2.86m) from £35m,