News

Wood Group's chief executive, Ken Gilmartin, is set to step down following a shareholder vote on Sidara's £206 million acquisition of the Aberdeen-based engineering firm. He will be succeeded by the current interim chief financial officer, Iain Torrens.

The Financial Conduct Authority (FCA) has announced new plans to support the tokenisation of assets, aiming to drive innovation and growth within the UK's £14 trillion asset management sector.

Wright Johnston & Mackenzie LLP (WJM) has secured the renewal of its contract with Gaelic media public body MG ALBA until 2028. MG ALBA, the organisation which delivers Gaelic media to audiences across Scotland, the UK and beyond, including via Gaelic-language TV channel and national broadcaster

Chancellor Rachel Reeves has publicly revealed for the first time that the UK government is considering tax hikes and spending cuts in the upcoming Budget to address a significant fiscal hole. In a Sky News interview, the Chancellor confirmed she would not "duck" difficult decisions to ensure the pu

Historic Environment Scotland (HES) has awarded Birse Community Trust grant funding to conserve and reopen The Souter’s Shop in Birse, a purpose-built shoemaker’s shop left largely untouched for over half a century and the only surviving example of its kind.

Clydebuilt II Limited Partnership (CLP II), a joint venture between Scottish property company Ediston and Strathclyde Pension Fund (SPF), has acquired multi-let office Central Exchange at 20 Waterloo Street in Glasgow for a price in the region of £22m. Located in the heart of Glasgow’s C

Rachel Munro, founder of The Rebel Baker, an allergen-free bakery shaking up the snack game, is among 14 businesses announced as a Start Up Loans ambassador. Based in Ayr, the bakery can produce over 10,000 cookies per day and supplies products to food service clients across the UK. Every item is fr

A business that helps families of disabled children travel more easily has doubled its turnover and moved into new premises after receiving specialist scale-up support from Business Gateway East Renfrewshire. Safe Place Beds Ltd was founded by Lucy Todd after she struggled to find suitable travel be

Fintech giant Revolut is reportedly facing further delays in securing its full UK banking licence due to regulatory concerns over its cross-border payment controls. After a three-year process, the company received initial approval last year and entered a 'mobilisation' phase. During this restricted

Ofcom has fined Royal Mail £21 million for significant delivery failures.

Mac Mic Strategic Land has entered into a transformative joint venture with an affiliate of alternative investing specialist Cerberus Capital Management. Following a process led by Alvarez and Marsal Corporate Finance and Savills Capital Advisors, Cerberus has acquired a majority stake in Mac Mic St

Housing specialist Cullross Ltd has launched a further expansion to its Newcraighall site as part of a dedicated new business arm.  

Scottish company directors and key individuals are being urged to act now to avoid falling foul of sweeping new Companies House rules that come into force on 18 November 2025. From that date, all new incorporations and appointments will require mandatory ID checks.

RSM UK has promoted Liam Renton to employer solutions director in the firm’s tax faculty in Edinburgh. Mr Renton joined RSM’s Edinburgh office in 2015 as tax associate. He specialises in tax valuations and implementing employee share incentive plans.

Chinese officials have seized tens of thousands of maps for supposedly mislabelling Taiwan. Around 60,000 maps were seized by customs officers in China's eastern province of Shandong, according to the BBC.