News

Finance minister Kate Forbes has joined her counterparts in Wales and Northern Ireland to call for further action to help households and businesses ahead of another increase in energy prices. In a joint letter to the new Chancellor of the Exchequer Nadhim Zahawi, ministers say the focus should be on

The Executive Counsel of the Financial Reporting Council (FRC) has fined Grant Thornton UK a total of £520,000 in relation to its statutory audits of the financial statements of Sports Direct International (SDI) for the financial years ended 24 April 2016 and 29 April 2018. Sanctions have also

Begbies Traynor have been appointed liquidators of a Broughty Ferry cafe after it was forced to cease trading last month. The cafe, Jessie's Kitchen, surprised customers after it announced on it's Facebook page that it had suddenly decided to close down. The business had accumulated "significant" de

ReviveEco, a food waste management company founded by University of Strathclyde alumni, has smashed its crowdfunding target, raising £240,000. The company embarked on the exercise through crowdcube, with the aim of raising £150,000 in three weeks. THe firm it reached this target within f

Real estate advisor CBRE has released its latest figures on the Aberdeen office market during the second quarter of 2022 revealing the city has the strongest Q2 performance for office take-up since the start of the Covid-19 pandemic.

Glasgow-based brewer Brewgooder has been recognised as among the “Best for the Word” for its global commitment to community-based sustainability projects. The brewer has been named among the top 5% of companies globally for its exceptional social and environmental impact by the world&rsq

abrdn has today announced the launch of a China Next Generation Fund, a small and mid cap (SMID) fund primarily investing in the bottom 30% of the Chinese equity market, both onshore and offshore. China is the world’s second largest equity market and with 88% of China’s companies fa

Over the past few months, a number of firms around the world have been sanctioned by regulators regarding cheating in exams. The most recent example involved cheating in external professional exams in addition to cheating on internal assessments. EY was fined a record $100 million by the Security an

Rapid reform is required as more than three quarters of firms are struggling to recruit new staff, says the British Chambers of Commerce (BCC). New data released by the BCC show that the construction, manufacturing and hospitality sectors are facing the most severe shortages and firms’ re

Lloyds Banking Group has announced its new Sustainability Finance Framework, outlining support to help housebuilders access finance to build more homes with higher sustainability standards. The framework sets out how the group will help housebuilders access finance to build more sustainable homes th

A new strategic advisory firm headquartered in Aberdeen has been formally launched today. True North, created in a partnership between Geoff Aberdein and Fergus Mutch, specialises in public policy insight, advocacy expertise and impactful communications strategies for a range of businesses and

An HR business founded in Edinburgh has doubled in size since joining the AAB Group 12 months ago. Purpose HR was founded by Lisa Thomson in 2014 and in July 2021 the business joined AAB Group.

A distillery in New Hampshire is fighting back against invasive crabs by turning them into whiskey.

New data shows that small businesses founded at Scottish universities accounted for the highest number of equity investment deals to UK spinouts last year, according the British Business Bank. Of the 211 equity deals involving spinouts across the UK during 2021, 44 (21% of the total) came from Scott

Johnstons of Elgin has reported a pre-tax profit of £3.9 million after a 28% rise in sales for the last year. The family-owned textile firm has a positive outlook as the business is expected to recover to pre-pandemic levels this year. However, the positive outlook comes with expectations of p