News

Shares in the Aberdeen-based Wood Group rose by more than 3% yesterday after the firm moved closer to a potential £1.6 billion take over. Following the Sidara's fourth and final offer of 230 pence per share, Wood's board said it has "decided to engage with Sidara to determine if a firm offer c

Scotland’s hotel sector showed more signs of recovery in April despite cost pressures, including the recent national minimum wage (NMW) increase, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows occupancy increased to 73.4%

The cost of car insurance for a 17-year-old motorist who has just passed their driving test has reached £3,075 on average, according to new research from Compare the Market.

Cher has won a legal battle with the widow of her former husband, Sonny Bono, over the royalties of a series of hits by the musical duo.

ACCA, the global accountancy body, has published its latest five-point policy plan. In ‘Accounting for a better world: An ACCA policy prospectus for the UK’, ACCA sets out clear goals and aims which will help the UK strengthen its position on sustainable business, global trade, AI, and t

Banknotes carrying a portrait of King Charles III have been issued for the first time on 5 June 2024.

Eligible SMEs with a business banking complaint have been urged to register their complaint ahead of the Business Banking Resolution Service (BBRS) closing to new registrations at midnight on 13 December 2024. SMEs who think they may have an unresolved eligible complaint against their bank should co

A government scheme designed to boost SME exports is being underutilised due to low awareness and poor marketing, according to a business finance specialist at Azets. The General Export Facility (GEF), a relatively unknown but valuable government scheme that is designed to boost Britain’s SME

St Andrews Links Trust has reported a record £44 million in operating revenue and an £11.5m profit for 2023, driven by unprecedented demand across its golf courses and facilities. The historic home of golf saw 283,082 rounds played, an 11% increase on the previous record set in 2019. Cou

Scottish care home group, Renaissance Care, is embarking on an ambitious expansion plan, aiming to double its size by 2029. Executive chairman, Dr Robert Kilgour, announced the five-year strategy as the company celebrates its 20th anniversary. The plan involves increasing turnover from £46m to

Ryan Crighton, Aberdeen & Grampian Chamber of Commerce's director of policy & marketing, has been appointed to lead True North's new marketing division. The communications and public affairs firm has appointed three new expert advisors alongside Mr Crighton. He will join the firm as a s

Sofant Technologies has secured an additional £3.4 million in funding from EMV Capital, Scottish Enterprise, and Kelvin Capital. The Edinburgh-based tech firm will use the capital to finalise its core technology and support the production and shipment of beta versions of its satellite antenna

Insurance broking and risk management firm TL Dallas has reached an agreement to acquire Marsh Commercial’s business in the Highlands and Islands, for an undisclosed sum. TL Dallas is a fourth-generation family firm, owned by its management and staff and it has been in business for more than 1

Modular water technology specialist RSE has opened a new facility in Deephaven, Evanton, located within the Inverness & Cromarty Firth Green Freeport zone. As part of the expansion, RSE has invested £1.2 million in advanced equipment to enhance its production capabilities and support the g

Recent activity in Edinburgh's property market has underlined the strong investor appetite to acquire quality properties in the Scottish market, according to legal firm Lindsays. Ownership of the 100-bedroom Kings Manor Hotel, a short walk from Portobello beach, recently changed in an off-market dea