News

Chancellor Kwasi Kwarteng has called bank chiefs to Downing Street to address issues with mortgages after uncertainty in the mortgage market led rates to soar to a 14-year high of 6%. The increase in rates also triggered a flurry of mortgage agreements being withdrawn by lenders.

Construction sector firm Morris & Spottiswood, which specialises in fit-out, housing and Mechanical & Electrical (M&E), has seen a return to pre-Covid turnover and profitability following a period of growth. Turnover for the last financial year (ending December 2021) increased by 30% to

Scottish salmon now adds a staggering £760 million a year to the country’s economy, a new study from trade body Scottish Salmon has revealed. Salmon Scotland’s report on the farm-raised sector shows that its economic contribution soared by nearly 20% last year when compared to 2019

Scotland’s share of the UK’s film studio space continues to grow, as more re-purposed properties and studio conversions underpin the ambition of making the country a hub for high-end productions, according to new analysis from Knight Frank. The independent commercial property consultancy

Glasgow-based ecommerce and online advertising agency Clickboost has announced plans for further international growth after more than doubling its client base in just two years. The pay-per-click (PPC) specialist now has 40 customers, up from 15 at the start of the pandemic in 2020. Clickboost said

Independent business advisory and accountancy firm Johnston Carmichael has welcomed a record intake of 93 students, including school leavers, summer interns and graduates who will train to become qualified accountants. This year’s intake is the largest since the firm was established almost 90

Scottish dental group Clyde Munro has acquired its 75th practice – with deals agreed in principle for a number more to join its network in the coming months. Clyde Munro has been buying dental practices in Scotland at a rate of three per month, as it continues to deliver on its ambitious growt

The Cabrach Distillery has agreed a seven-figure deal with fellow Moray firm, the Rothes coppersmith Forsyths, to complete construction of Scotland’s newest Single Malt Scotch Whisky distillery which will operate as a one-of-a-kind social enterprise. In an industry first, The Cabrach Trust, th

A new report released today by Barclays Corporate Banking reveals that click-and-collect shopping will be worth £2.55 billion in Scotland this year, representing 38.4% of retail income north of the Border. This growth follows the broader national trend, that has seen the click-and-collect econ

A unique event that brings together trade specialists from across the world to highlight global trade opportunities for Scottish firms will make a welcome return in Edinburgh today. Almost 60 companies from across the country will attend the Scotland Global Insights event at Murrayfield Stadium to l

A Financial Conduct Authority (FCA) review of business interruption claims handling has welcomed insurers quickly paying out interim payments, reallocating resources quickly and proactively communicating with policyholders to help them with claims following the test case judgment handed down by the

Financial mutual Scottish Friendly has appointed Alan Rankine as its new chief financial officer (CFO). Mr Rankine is currently chief actuary at Scottish Friendly and will take up his new role from 1 January 2023. As well as becoming CFO, he will take up the position of an Executive Director of the

Kim Kardashian has agreed to pay a $1.26m (£1.12m) fine for advertising EthereumMax on her Instagram page without disclosing that she had been paid to do so. The US Securities and Exchange Commission said the celebrity had received $250,000 for advertising the cryptocurrency, without disclosin

Scottish national care home provider, Renaissance Care, has appointed Liam Bain as its new finance director. Liam Bain has previously held roles at Pebbles Care – a group that provides care for young people in Scotland – and Fosters Funeral Directors. Mr Bain brings with him a wealth of

The joint administrators of Arjowiggins Group’s ten UK subsidiaries has said they are continuing to explore potential interest in the AW Group's business and assets. However, in the event that it cannot secure an acquisition, Interpath Advisory will continue to wind down operations at each Mil