News

Shoosmiths has reported a record financial year in FY22-23, with a revenue increase of 7% to £194.1 million. Net profit increased by more than 3% year-on-year to £62.7m, and the firm sustained a strong PEP of £676,000 (marginally up on last year’s £675,000).

The Cumberland Building Society has invested more than £45 million into Scotland’s tourism sector in the last two years. Scotland’s tourism sector has faced increasing adversity in the last few years. The pandemic saw tourism nationwide face significant pressures and the recovery f

St Andrews Timber and Building Supplies has launched a new landscaping division of the business as part of a £1 million expansion. The Edinburgh-based firm serves both trade and retail customers across the Scottish central belt from four locations in Edinburgh, Livingston and Paisley with over

In the risk-crazed world of crypto a new 'meme coin', named Evil Pepe Coin, has launched its presale event attempting to woo investors following the meteoric growth of similarly-named Pepe Coin earlier this year. With increasing popularity, investors have been betting on new cryptocurrencies, taking

The UK's inflation rate witnessed a greater-than-expected drop to 7.9% in June, a 13-month low, due to a decrease in petrol prices, as reported by the Office for National Statistics (ONS). This figure represents a noteworthy decline from May's 8.7% inflation rate, the weakest since the onset of the

In a bid to expedite the whisky industry's progress towards net-zero emissions, Chivas Brothers has made its pioneering heat recovery technologies open source. The Scotch whisky business, a division of Pernod Ricard, owner of brands including Chivas Regal and The Glenlivet, makes the move on th

Glasgow-based industrial strapping, banding and load securing firm, Reid Brothers UK is poised for expansion with support of a six-figure funding injection from UKSE. With roots tracing back to 1868, this is the firm's third funding round from UKSE with previous support enabling a management buy-out

Approaching its 150th anniversary, Scottish food and drinks wholesalers Dunns Food and Drinks has announced an ambitious growth target. The family-owned company, founded by Joseph Dunn in 1875, aims to achieve a turnover of £50 million by 2025, a significant rise from the £37.5m rec

Business and financial adviser Grant Thornton UK LLP has migrated its Edinburgh office to a new state-of-the-art workspace located on the fifth floor of 7 Castle Street. With 4,200 sq ft at the refurbished 11,983 sq ft Grade A office building, the new space provides the Scottish team with a sustaina

Springfield Properties has highlighted the "decisive action" taken to address build cost inflation and the "strong" fundamentals of the housing sector in Scotland as the housebuilder revealed it expects to record its highest ever annual revenue. In a trading update issued today, the g

Scottish Gas Networks (SGN) has confirmed the appointment of Simon Kilonback as its new chief financial officer. Mr Kilonback has over 25 years' experience in senior finance roles, notably in infrastructure and utility businesses. He spent five years as Transport for London's CFO, during which he wa

Confidence among the finance leaders of the UK’s largest firms has dipped in the second quarter, partially unwinding the sharp rise in sentiment seen in Q1 2023, according to Deloitte’s UK CFO Survey Q2 2023. A net -10% of CFOs are more optimistic about their firm’s financial prosp

The Artisanal Spirits Company, the owner of the Scotch Malt Whisky Society (SMWS), has hailed strong performance in the first six months of this year.

Edinburgh-based investment manager Foresight Group has invested in UK-based agriculture company Harvest London, aiming to drive the growth of the vertical farming industry. The deal was advised by the corporate team at law firm Burges Salmon, led by partner Danny Lee and solicitor Nikoletta Zinonos.

BrewDog has revealed a major expansion strategy that will triple its bars and hotels operation to approximately 300 venues by 2030.