News

Business sentiment in Scotland has entered negative territory for the first time since the end of 2020 according to the latest Addleshaw Goddard Scottish Business Monitor report, with 70% of businesses expecting growth in the Scottish economy to be weak or very weak over the coming year. The report,

Scotland’s onshore GDP fell by 0.3% in August, after remaining flat (0.0% growth) in July, according to statistics announced yesterday by Scotland's Chief Statistician. In the three months to August, GDP is estimated to have fallen by 0.8% compared to the previous three-month period.

With the Bank of England expected to increase Bank base rate later today, Savills has issued new five-year house price forecasts, predicting that the average UK house price will fall by 10% in 2023 when interest rates peak. However, the firm added that the prime markets will see smaller falls and ou

Audit, tax and consulting firm RSM UK has announced 40 new promotions to director, including the firm’s Scotland and Northern Ireland offices. RSM UK has strengthened its tax faculty with the promotion of corporate tax specialist Will Simpson in Edinburgh. In Northern Ireland, Kieran Jones has

An in-depth ‘barometer survey’ of tourism and hospitality businesses in the South of Scotland has painted a concerning picture of the difficulties many operators face in a worsening national and global economic climate, with one describing the cost of living crisis as "much, much bigger

A new study has found that Edinburgh offers the best opportunities for a career in finance after London. The research, carried out by CMC Markets, analysed the latest data from the Office for National Statistics, published in March 2022, for finance enterprises in 342 UK districts, excluding Lo

Uber has agreed to hand over £615 million to HM Revenue and Customs (HMRC) settling an investigation into overdue VAT, after reporting better than expected results. The US-based ride hire and food delivery company had previously claimed it was exempt from paying VAT due to its drivers bei

Scottish digital legacy business, Biscuit Tin, has announced a new partnership with equity release advisory firm, Age Partnership. Launched by businesswoman Sheila Hogan in 2020, Biscuit Tin aims to help individuals get organised at all stages of life and feel more in control of their affairs a

Swedish furniture giant IKEA is building a case against a video game developer whose new horror game is set in a furniture store. One-man indie game studio Ziggy recently raised almost £57,000 to fund the development of its new survival horror game, The Store Is Closed.

AssetCo, agile asset and wealth management company, has acquired SVM Asset Management Limited, expanding its presence in Scotland. The acquisition was pending approval by the FCA to the change of controller of SVM. This approval has now been granted, all the conditions pertaining to the acquisi

Our sister website, Scottish Legal News last month reached a new milestone with 220 new subscribers to the free daily newsletter taking its circulation to 15,023. LinkedIn followers also increased with 205 new adherents taking the total to 9,636. Unique visitors to the www.scottishlegal.com website

Three out of four Scottish accountants do not expect profits to grow in the next year, an industry survey has suggested.

Dunnet Bay Distillers Ltd is set to expand after having secured funding up to £180,200 from Highlands and Islands Enterprise (HIE) for the project. The Caithness distillery, owned by local husband and wife team, Claire and Martin Murray, started trading in 2014 after building a small gin

Hardies Property & Construction Consultants has acquired Dundee-based quantity surveying firm the John Duguid Partnership. Established in 1929 in Dundee, John M Duguid & Co was initially solely a quantity surveying-based firm. However, the firm was renamed to John Duguid Partnership in 1989,

Glasgow-based Quantuma Advisory has appointed Paul Black as director within its forensic accounting team. Mr Black joins Quantuma as an experienced forensic accountant and expert witness within the Scottish market. Strengthening Quantuma’s expert witness and dispute offering, he will assist in