News

In the first quarter of 2023, the UK economy experienced a minor growth in output, maintaining the same rate as previously estimated. The Office for National Statistics (ONS) confirmed a 0.1% increase in the gross domestic product (GDP) from the final quarter of the previous year, mirroring the grow

Edrington, the Glasgow-based whisky distiller, comprising prestigious brands including The Macallan and Famous Grouse, has reported a 43% rise in pre-tax profits and exceeding £1 billion in core revenue for the first time, marking a milestone in the company's financial performance. This growth

Real estate advisor CBRE has finalised the off-market sale of Glasgow's historic Forsyth Building on behalf of Ambassador Group. A London-based private investor, represented by Landswood De Coy, secured the deal for £9.7 million.

Scottish business confidence has surged by 28 points to reach a 50% mark in June, revealed by the recent Business Barometer survey from the Bank of Scotland Commercial Banking. This confidence is reflective of firms' optimism in both their individual prospects, which jumped 22 points to 52%, and the

Scottish hotels experienced a larger-than-normal surge in room rates in May, bolstered by three bank holidays that increased demand, as per the RSM Hotels Tracker.

New data from the Bank of England shows significant shifts in the borrowing and deposit behaviours of UK households and businesses in May.

In a move to strengthen Scotland's position as a European hub for startups, the Scottish Government has announced it will deliver a funding package worth £17.5 million this year.

Scotland is set to create its first two Investment Zones in the Glasgow City Region and the North East, with up to £160 million of targeted investment, tax reliefs, and other incentives being earmarked over the next five years. This joint initiative by the Scottish and UK governments aims to b

The Scottish economy has shown surprising resilience in 2023, outperforming expectations by avoiding a predicted shallow recession, according to a quarterly economic commentary published by the University of Strathclyde's Fraser of Allander Institute. Supported by Deloitte, the report provides an in

The survival of Scottish retail chain Wilkies has been secured through a sale of the business and certain assets out of administration. The sale was managed by Blair Nimmo and Alistair McAlinden from Interpath Advisory, who were appointed joint administrators Wilkies Limited on 29 June 2023.

The Financial Reporting Council (FRC) has imposed fines totalling £5.01 million on PwC and KPMG for audit failings in relation to Eddie Stobart Logistics (ESL), a logistics company listed on the Alternative Investment Market.

The Scottish Borders Council has confirmed the appointment of two new directors, Suzy Douglas, director of finance & procurement, and Nuala McKinlay, director of corporate governance, effective immediately. Mrs Douglas, who has been with the council since 1999, started her career as a graduate t

A construction worker has gained some online attention after sharing a story about how he got revenge against a former co-worker using $40 (£31) and some fake coins to make him believe he had struck gold. Redditor u/lrze403 works for a construction company that remodels homes that ha

The Scottish Government has established a Tax Advisory Group to deliver strategic advice on the tax system as part of its Medium-Term Financial Strategy. This move is aligned with a recommendation from the New Deal for Business. The newly-formed group consists of leading economists, academics, and r