News

Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.

Scottish drinks firm AG Barr has acquired the Rio soft drinks brand through the purchase of Rio Tropical Limited in a deal worth £12.3 million. Acquired from Hall and Woodhouse Limited, the independent brewer and pub company, for a total cash consideration of £12.3m, tropical fruit brand

A London winery is facing legal action from one of France's best-known champagne houses over its use of the name "Crystal".

SME business finance loans and asset-based solutions firm Reward Finance Group, which has an office in Edinburgh, has secured an additional £50 million to its credit line from the alternative investment manager, Foresight Group. This increase reflects Reward’s swift expansion &ndash

Many employers are finding it challenging to motivate their Gen Z workforce and are adapting their training methods to better meet the needs of their younger cohort, according to new research from Grant Thornton UK LLP. The research, which analyses the responses of 2,000 people aged between 16

Provider of global payroll and HR solutions activpayroll has acquired LIMES International, a firm headquartered in the Netherlands and specialising in global mobility, tax, HR advisory, and payroll management, for an undisclosed amount. This acquisition augments activpayroll’s global mobility,

Despite facing hurdles such as rising costs, staffing issues, and legislative changes, Scotland's hospitality sector has significant opportunities for growth and expansion, according to financial experts from the Cumberland Building Society, Harper Macleod LLP, EQ Accountants LLP, and Graham + Sibba

Northern Irish private investment firm Wirefox has expanded its leisure portfolio with the purchase of the Ducks Inn in East Lothian.

Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy. This reflects a substantial 19.

Scottish financial advisory firm Carbon Financial Partners is poised for acquisition by Leeds-based professional services company Progeny for an undisclosed sum. The acquisition is set to boost Progeny’s assets under management by £600 million. Regulatory approval from the Financial Cond

Accountancy firm Johnston Carmichael has intensified its commitment to fostering talent by welcoming 90 new students to the firm.

Wikipedia has received a controversial offer from billionaire Elon Musk to rename itself in exchange for $1 billion. He asked the platform to rename itself to "Dickipedia". This peculiar offer follows Mr Musk's criticism of the Wikimedia Foundation's fundraising methods, questioning why the non-prof

Edinburgh-headquartered pharmaceutical firm Kelso Pharma has expanded its portfolio with the acquisition of two UK approved dermatological products, marking its debut in the treatment of actinic keratoses and plaque psoriasis. The two dermatology products were purchased from an organisation within t

PwC's global firms have reported a record revenue of $53.1 billion (around £43.5bn) in the financial year ending 30 June 2023, marking a 9.9% growth in local currency. This achievement comes despite the exclusion of the Russian firm from the network and the sale of the global mobility and immi

Scottish oatcake producer Nairn's has appointed a new managing director, Colin Dingwall, and a new marketing director, Kevin Butterworth. Mr Dingwall is currently Nairn’s finance director and is stepping up to the top job in May 2024. Previously, he was director of finance and investor relatio