News

The organisation managing the St Andrews Old Course has experienced a financial turnaround with a return to pre-pandemic revenue levels, posting a profit of £3.7 million in 2022.

Glasgow-based Macfarlane Group has acquired B&D 2010 Group Limited, a Southern England based specialist in protective packaging, in a deal worth £3.85 million. This earnings enhancing acquisition is in line with Macfarlane’s stated strategy of building its protective packaging busine

A new regulation has come into effect requiring Scotland’s 29,000 taxi and private hire drivers to undergo HM Revenue and Customs (HMRC) tax checks as a prerequisite for the renewal of their operating licences. The new measure aims to foster tax compliance within the taxi and private hire indu

Scotland has emerged as the fastest growing UK region for the gaming sector, marking the largest surge in employment in this sector across the nation, according to new research by commercial property consultancy Knight Frank.

The Institute of Chartered Accountants of Scotland (ICAS) has expressed concerns to HM Treasury in its review of the supervisory model for anti-money laundering (AML) and counter-terrorism financing (CTF) compliance, with three of the models listed in the consultation putting recent progress in

Walker’s Shortbread has reported a 16% annual turnover increase in its latest financial release, reaching £164.6 million, up from £142.4m in the preceding year.

Agile asset and wealth management AssetCo has acquired Indian fund manager Ocean Dial Asset Management, purchasing the entire issued share capital from Avendus Capital Asset Management. The completion follows the necessary approvals from the FCA and Indian regulators.

Aberdeenshire-based ingredient company Macphie Ltd has appointed food industry expert Susie Turan as head of product and innovation to help facilitate the company’s next phase of growth. Known for creating freezer favourites like Magnum Double, Solero Berry and Vegan Carte D’Or, Ms

While UK prime house prices experienced a fourth consecutive quarterly dip in the three months to the end of September, with annual falls averaging -5.2%, Scottish prime values remained steadfast, with a minor annual dip of -1.1%.

Despite seeing a slowdown in takeovers, Deloitte UK, has reported a robust 14% growth in annual revenues, disclosing a turnover of £5.6 billion for the year to 31 May, up from £4.9bn in 2022. This surge in revenues, primarily driven by strong markets in the initial half of the year, led

A medicinal cannabis farm has seen its entire crop wiped out by an invading herd of sheep who ate around 300kg of cannabis, according to reports. Yannis Bourounis, owner of the farm in Almyros, Greece, told In.gr that the sheep ate everything that was left after Storm Daniel destroyed most of the pl

August saw an increase in net borrowing of mortgage debt by individuals, marking the fourth consecutive month of growth, with a significant rise to £1.2 billion, up from July's £0.2bn. In contrast, the UK observed a decline in net mortgage approvals for house purchases, dropping to a six

The Bank of England's Prudential Regulation Authority (PRA) has unveiled proposed amendments to the matching adjustment (MA) regime, a set of rules that could potentially release up to £100 billion for investment by the UK's largest life insurers. These proposals are part of a broader overhaul

A grandmother who embezzled £1.5 million from a family scrap metal business in Aberdeen has been jailed for three years and four months.

Business confidence in Scotland experienced a minor dip in September, dropping three points to 33%, according to the latest Business Barometer by Bank of Scotland Commercial Banking.