News

Scottish luxury garment manufacturer firm, Alexander Manufacturing, the production arm of Hancock 1843, has appointed Kyrk Macmillan, former CEO of Copenhagen's fashion brand Wood Wood, as its new commercial director. Mr Macmillan, formerly the CEO of the renowned Copenhagen-based brand Wood Wood, b

An office building in East Kilbride, close to Glasgow, has been snapped up for £4.3 million, following intense bidding. The property, Orbital House, is situated in Peel Park business park, the largest town in Scotland, and was purchased by an investment entity backed by HKIP. The acquisition w

Chartered accountants firm Robb Ferguson has welcomed a record number of university graduates amid a period of significant growth. The Glasgow-based firm, which has a history dating back to the 1880s, has recruited a total of five new ICAS trainees as it identifies new opportunities and builds on a

Edinburgh-based venture capital firm Par Equity has launched its new venture fund, Par Equity Ventures I LP, with an initial closure of £67 million, aiming for a full fund size of £100m This new venture fund is poised to stimulate the tech sector in Scotland and the North of the UK, part

GAP Group is to invest £15 million in building a fridge recycling plant at the Binn Eco Park in Glenfarg, near Perth. The company, which already operates a similar plant in Gateshead, said the facility will be one of the most technologically advanced fridge recycling and processing facilities

The Financial Conduct Authority (FCA) has fined Equifax Ltd more than £11 million for failing to manage and monitor the security of UK consumer data it had outsourced to its parent company based in the US.

“Rigorous” rules are required to prevent the exploitation of Employee-Ownership Trust (EOT) tax benefits, says the Chartered Institute of Taxation (CIOT). EOTs, along with EBTs (Employee Benefit Trusts), are government initiatives which allow business owners the opportunity to sell their

The Hunter Foundation (THF) and the Scottish National Investment Bank (SNIB) have started accepting applications for their ScaleupScotland2.0 programme.

Independent chartered financial planning firm AAB Wealth has been awarded the 'Chartered Financial Planning Firm of the Year' award at the Personal Finance Society Awards 2023/24. Head of AAB Wealth, Andrew Dines, chartered financial planner, Ian Campbell, and head of operations and compliance, Vikk

Scotland has witnessed a 16% decrease in registered company insolvencies in September compared to the same period in the previous year, according to the latest statistics from Companies House. The total insolvencies included 30 compulsory liquidations, 52 Creditors' Voluntary Liquidations (CVLs), an

Scottish hire company Eagle Hire has invested £4 million in a deal with Glasgow-based Scot JCB, acquiring a new fleet of JCB machinery ranging from JCB dumpsters to JCB 86C-2 midi excavators. Eagle Hire’s order of 127 state-of-the-art JCB machines, all equipped with the latest stage V en

Suspected fraudsters who are alleged to have bought 20 bottles of fine French wine with €95,000 (around £82,000) in fake banknotes have been arrested – but the bottles are believed to be lost. The two men and a woman are accused of swindling a Parisian wine merchant out of 18 bottle

It’s a rivalry that has kept football fans on the edge of their stadium seats for almost 150 years – that between Edinburgh’s Hibernian FC and Heart of Midlothian FC. And now that competition is set to hit the golf course as footballing legends from Hibs and Hearts prepare to tee o

Accountancy firm Johnston Carmichael has welcomed Bryan Shepka, financial services audit and assurance partner, and Gillian Boston, director into its rapidly growing, specialist financial services team. Mr Shepka joins the firm as an audit and assurance partner, bringing extensive experience in the

Former F1 boss Bernie Eccleston has been ordered to pay £650 million after he pled guilty to trust fund tax fraud.