News

A man has been left in disbelief after receiving a tax bill totalling more than $34 billion in overdue taxes, penalties, and interest. The colossal figure Barry Tangert was quoted by the Pennsylvania Department of Revenue is too large to fit on a single line. Coincidentally, Mr Tangert's t

Glasgow-based whisky bottler and blender Hunter Laing has unveiled impressive financial results, reporting record revenue and profits as it prepares to introduce its inaugural whisky from its newly constructed Islay distillery. The business posted an operating profit of £11 million for the fis

Accountancy body ACCA has urged CEOs and CFOs to build trust in artificial intelligence (AI) by taking steps in their organisations to manage the associated risks. As AI plays a greater role in the accounting and financial reporting of businesses, CFOs and financial controllers will have to be confi

Springfield Properties has signed a new contract, worth £10.1 million, with Moray Council for the delivery of affordable housing. The group will receive funds from the sale of the land to Moray Council in the current financial year and the design and build phase, which accounts for the vast ma

The average price of detached homes in Edinburgh has risen by over £1,000 a week over the last year, according to property firm DJ Alexander Ltd.

Three of Aberdeen’s legal firms, Burnett & Reid LLP, Gavin Bain & Company, and Taggart Meil Mathers, have merged into a single firm. Effective as of 1 May 2024, the merger marks a significant milestone for all three firms as they combined into a workforce of some 70 personnel under the

Glasgow-based corporate digital identity (CDI) firm Encompass Corporation has appointed seasoned finance executive Stuart Barnard as its first chief financial officer. Mr Barnard, who has more than 15 years of experience in the finance industry, particularly within start-up and scale-up organisation

Carol Nisbet has been appointed managing partner of CMS' Aberdeen office. She succeeds Norman Wisely, who served in the role for the past 10 years.

RSM UK has appointed Alex Tait as its new national head of risk and governance, with a mandate to accelerate growth and to support a strategic drive to strengthen the firm’s wider consulting advisory solutions. Mr Tait aims to double the size and scope of the firm's risk and governance busines

Tech-enabled business critical services group AAB has appointed Phil Dunn to its restructuring and recovery team. Mr Dunn, who is based in Glasgow-based, joins as restructuring and recovery director, bringing over 20 years restructuring experience within three of the Big Four accounting firms.

In a deal worth up to £100 million, abrdn has completed the sale of its £7.4 billionn AUM European-headquartered Private Equity business to Nasdaq-listed Patria Investments. The sale follows a strategic review of abrdn's alternatives business, within which it concluded that the capital g

Drax Group has announced it is investing £80 million in a major refurbishment of its Cruachan pumped storage hydro power station in Scotland – increasing its capacity and supporting UK energy security.

Law firm Burges Salmon has advised Edinburgh-based Calcivis, a biotech firm that aims to revolutionise early-intervention diagnostics in dentistry, on its £5 million investment. The Burges Salmon team advising Calcivis was led by senior associate Katie Carter, partner Danny Lee, solicitor Will

In a bid to spearhead innovation in the financial technology sector, FinTech Scotland and Smart Data Foundry have joined forces to introduce an industry-wide UK fintech innovation challenge.

Buoyed by the inauguration of its state-of-the-art £20 million visitor centre, Scotland’s Greenock Ocean Terminal is set to embark on another prosperous cruise season.