News

The Financial Reporting Council (FRC) has fined KPMG and its audit engagement partner Anthony Sykes £1.75 million and £75,000 respectively for failures in relation to its audit of the financial statements of TheWorks.co.uk plc. The Executive Counsel of the FRC has issued a Final Settleme

Motherwell-based biotech ICL Therapeutics has set its sights on a Series A round and an IPO following its most recent investment round, and is on track to commercialise a suite of anti-viral medicines for the treatment of respiratory infections including SARS-CoV-2. ILC’s lead hybrid interfero

Stirling-based Integrated Graphene, which is pioneering the use of 3D graphene known as GiiTM to transform the human diagnostics and sustainable IoT sectors, is doubling its footprint to meet increased global demand for its Gii-based products and to scale up both R&D and production. The company&

Uddingston-based G M Civil Group has acquired Irvine-based civil and structural engineers, Prime Structural Solutions for an undisclosed sum. The group, which works for Lidl as well as many of Scotland’s leading housebuilders, purchased the business from Jim Adams, who remains a consultant, an

Accountancy and business advisory firm Henderson Loggie, which has offices in Edinburgh, Glasgow Aberdeen and Dundee, has appointed Diana Penny as head of audit. Ms Penny takes over the role from Gavin Black who has led significant growth in audit revenues in recent years. He joined Henderson Loggie

HMRC raised a record £7.1 billion from inheritance tax from April 2022 to February 2023, according to new figures. The sum stands at £1 billion more than in the same period a year earlier, continuing a recent upward trend.

A senior banking lawyer has launched a new collection of plays and poetry with a financial twist. Erik Vrij, head of legal in the corporate and transactional banking team at First Abu Dhabi Bank (FAB), recently launched Macbet & King Liar: Financial Tragedy & Poetry.

Chris Wayne-Wills, CEO of Scottish hospitality chain Crerar Hotels, has been named as the UK's Most Influential Hotels Group CEO of the Year 2023. With more than 25 years' senior experience within the hospitality sector, Mr Wayne-Wills has worked with some of the UK’s leading hoteliers includi

Regional airport operator Highlands and Islands Airports Limited (HIAL) has reported significant year-on-year passenger numbers increases across its 11 regional airports. The company said passenger numbers for 2022/23 have increased by 38.7 per cent year-on-year, with the figures now approaching pre

Investing Women Angels (IWA), Scotland’s first all-female angel investment syndicate, has led a circa £200,000 equity investment round into merchandise technology platform developers terrible*. terrible* is a UK-based, full-service supply chain company which supports musical artists as w

Savills' latest analysis of Scotland’s prime residential market has highlighted strong demand during the first three months of the year with 52% more buyers registering to buy so far this year compared to the same period in 2019 before the pandemic. This market represents the most as

JLL has appointed Fraser Blackwood as a director in its planning energy & infrastructure team. Since joining the commercial real estate advisor in 2021, Fraser has played a fundamental part in maintaining and growing JLL’s planning position in Glasgow, securing a number of new instructions

Persimmon has made an equity investment in volumetric modular house builder TopHat, establishing a strategic partnership between the two businesses.

Glasgow-based McCrea Financial Services has chosen two local charities to support in the year ahead as it looks to add to a huge £650,000 the company has raised for good causes.

Royal Bank of Scotland has announced a new two-year partnership extension with the Kiltwalk, Scotland’s largest mass participation walking event. The agreement continues a longstanding relationship which has seen the bank help the public, colleagues and customers raise funding for charitable c