News

Specialist engineering services company PD&MS has been acquired by RSK Group. The Aberdeen-based company has been operating within the energy transition, conventional energy, low carbon and renewables sectors since 2002.

Highlands and Islands Airports Limited (HIAL) has witnessed a positive recovery in passenger numbers, approaching pre-pandemic levels. For the first quarter of the 2023/24 financial year, the group reported a robust 10.4% increase year-on-year. Between April and June 2023, 425,222 passengers travell

Scottish businesses have witnessed a surge in confidence, registering in positive territory for the first time in a year, despite the ongoing challenges, according to a survey by ICAEW. The Business Confidence Monitor (BCM) index, published today, rose to +6.4 in the second quarter of 2023, up from

Scottish business insolvencies have increased by 19.7% to 292, compared with the first quarter of 2022-23, according to the latest figures released by Accountant in Bankruptcy (AiB).

Scottish energy solutions firm ICR Group has reported a record turnover of £41.7 million for the financial year 2022-23, representing a 20% increase from the previous year. Since launching in 2011, the company has seen robust growth driven by its primary energy sector operations, an internatio

Glasgow-headquartered Smart Metering Systems (SMS) has reported robust growth in the first half of 2023, with its index-linked recurring revenues (ILARR) growing 13.3% to £110 million from £97.1m. The firm's smart meter portfolio, which includes meter assets, energy data, grid-scale batt

The Scottish boutique hotel sector has witnessed a substantial surge in transaction volumes in H1 2023, reaching £71 million, making up 43% of all deals year-to-date, according to Savills.

Scottish battery manufacturer AMTE Power has secured a £1 million bridging loan from Arena Investors LP, providing a lifeline to the company as it was on the brink of administration due to financial distress. The funds will be allocated in two tranches of £0.5m each, with the first tranc

Alison Rose, CEO of NatWest, has resigned following a row involving Nigel Farage, the former UK Independence Party leader and current GB News host. The row centred around the decision of Coutts, NatWest's private banking business, to close Mr Farage's account, allegedly due to his political vie

Integrity365 Ltd, a UK-wide financial advisory service, has acquired MacDonald Partnership and Hart Wealth, the financial advisory arm of Hartinsure Limited. The expansion strengthens the Bristol-based firm's Scottish footprint, tapping into MacDonald Partnership's long-standing reputation in Arbroa

Advice Direct Scotland has revealed a significant rise in online investment scams this year, resulting in Scottish residents losing at least £120,000 to cyber criminals. The spike in fraudulent activity has largely been attributed to the misuse of social media platforms, such as Facebook, Twit

Energy firm Drax Group has received approval from the Scottish Government to construct a new £500 million underground pumped storage hydro plant at its existing Cruachan facility in Argyll. The decision, made through the Section 36 process, represents a significant step in Scotland's journey t

Virgin Hotels has appointed Mafalda Moura Albuquerque as the new general manager for its Edinburgh property. With over a decade in the sector, Ms Albuquerque brings a wealth of experience from her previous roles at hotels such as the five-star Kimpton Blythswood Square, Voco Grand Central, and Crown

Pinsent Masons is preparing for further growth with a move to a landmark Glasgow city centre office after signing up to become the first tenants of the £35 million Lucent Building, which is being developed by Orion Capital Managers.

The initial tweet of Twitter co-founder Jack Dorsey, which sold for an impressive $2.9 million (around £2.26m) as a non-fungible token (NFT) in 2021, is now worth less than $2,000 (around £1,560). Iranian crypto entrepreneur Sina Estavi, who purchased the Dorsey NFT, which reads "Just se