News

Aberdeen-headquartered IT managed service provider ITWORX UK has celebrated a record turnover year and a decade of dedication from one of its team members. The organisation has reported a £4.6 million turnover for 2022/23 which is 40% growth against the previous 12 months.

Lomond Group, a player in the UK's property market with a significant presence in Scotland, has recently acquired a further two agencies. The group, which has made nearly 50 acquisitions since 2021, has shown its commitment to expansion in the Scottish market with the acquisition of the lettings por

Scottish craft spirit producer North Point Distillery has launched its Dalclagie Highland Single Malt Whisky. Located at the Forss Business and Energy Park in Caithness, formerly a U.S. Navy base, North Point Distillery has received international acclaim for their range of small-batch expressions of

The Association of Chartered Certified Accountants (ACCA) has communicated pressing concerns to the Chancellor ahead of the Autumn Budget Statement, stressing the urgency for financial reforms to stimulate the UK economy. In a critical open letter, the ACCA pinpointed three core areas requiring imme

Big Four accounting firm EY is considering leaving its London headquarters as the shift towards remote working continues to impact office demand.

Renowned Colombian pop artist Shakira has consented to a €7.3m (around £6.4m) fine with Spanish prosecutors to settle tax evasion charges, circumventing a court trial in Barcelona. The fine is half of the €14.5m (around £12.7m) purportedly owed in taxes during 2012-2014, a

A lawyer who began his career in Argentina has joined Lindsays. Juan Casal has been appointed as an associate in the corporate and commercial department in Edinburgh.

Aberdeen-based OEG Energy Group Limited has enhanced its capabilities in the subsea and inspection realms with the acquisition of Bluestream Offshore B.V, a Dutch company specialising in subsea and topside services, for an undisclosed sum. This move marks OEG’s fifth acquisition of the year an

Aberdeenshire-headquartered integrated services provider AquaTerra Group has undergone a management buyout spearheaded by managing director Stephen Taylor for a seven-figure sum. Mr Taylor has acquired the majority share of the company, while Nigel Whitton, commercial director and Frank Hall, marine

Unity Trust Bank has appointed Dawn Morris to the new role of deposits relationship manager for the North & Scotland to help develop the bank’s growing customer portfolio. Bringing over three decades of banking experience to the role, Ms Morris will work with new and existing day-to-day ba

Venture capital investment in Scottish start-ups has surged in Q3 of 2023, with a total of 28 deals amounting to £202 million, according to KPMG’s latest Venture Pulse report. This marks the highest quarterly value since Q2 2022 when £325m was recorded over 45 deals. The rebound co

The Property Finance team at responsible investment manager Downing LLP has started to offer sustainability-linked facilities to property developers. Sustainability-linked loans (SLLs) are loans where the interest rate is linked to the borrower's ability to meet pre-defined sustainability targets. U

Affluent individuals and families have been presented with a once-in-a-generation window of opportunity to invest some of in Edinburgh's most sought-after commercial properties.

Scotland’s organisation for tackling cyber and fraud crime, Cyber and Fraud Centre – Scotland, has issued a plea for additional funding to be allocated to fighting organised crime and building cyber resilience through a new multi-agency hub. Results have revealed that over £3 milli

Aberdeen-based Parkmead Group has announced a substantial pre-tax loss of £35 million after impairments related to the relinquishment of North Sea licences.