News

Tax-raising and immigration powers should be devolved to Scotland's three largest cities, alongside an overhaul of business rates and major investment in connectivity, according to a new report. A major academic study commissioned by Brodies LLP, Anderson Anderson & Brown and Aberdeen, Glasgow a

The cost of living has become the leading concern among Gen Zs and millennials in the UK, according to Deloitte’s latest Gen Z and Millennial Survey. A total of 31% of Gen Zs and 38% of millennials cited this as their greatest concern, overtaking climate change from the top spot in last year&r

Aberdein Considine has announced that it is to merge with Edinburgh law firm and solicitor estate agent Russel+Aitken Edinburgh LLP. The combined businesses – which will trade under the Aberdein Considine brand – will together employ over 480 staff and have a turnover

The Financial Conduct Authority (FCA) is to use new powers to more swiftly cancel or change what regulated activities firms are permitted to do. This new power is available following a change in the law allowing the FCA to streamline and shorten the removals process.

The ClearScore Group has announced plans to create 100 new jobs in Edinburgh through the launch of an Open Banking centre of excellence in the city. Over the next few years, the group plans to employ over 100 new members of staff, including developers, data engineers, data scientists and product and

Anderson Anderson & Brown (AAB), the tech-enabled business-critical services group, has announced the appointment of Doug Michael as partner and United States (US) tax practice Lead, based in the business’ London office. Mr Michael joins AAB to launch a brand-new US tax service as part of

Edinburgh-based financial services training provider Redmill Advance has entered into a partnership with True Bearing Chartered Financial Planners (part of the Amber River Group), providing digital learning solutions across the entire business. Under the new partnership, True Bearing benefits f

Amity Fish Company, a Peterhead fish firm that switched from wholesale to e-commerce landed the FSB Small Business of the Year 2022 award at a special ceremony that took place in Glasgow yesterday. The firm, led by Jimmy Buchan star of the BBC’s Trawlermen TV series, netted the overall prize a

Scottish Enterprise (SE) has unlocked more than £2 billion of private sector investment in early-stage companies operating in Scotland. Through its commercial investment activity, the economic development agency has invested more than £770 million to help unlock funding from private inve

The Nc'nean Distillery has secured up to £250,000 investment from Highlands and Islands Enterprise (HIE) to help reduce its carbon footprint while increasing productivity and creating jobs. Nc'nean Distillery is a young, independent, organic whisky producer based in the small hamlet of Drimnin

Vogue magazine has apologised to a Cornish pub after requesting the centuries-old establishment to change its name. The Star Inn at Vogue refused to change its name after receiving the original request from the magazine in March, highlighting that the pub was named after the hamlet in which it is lo

Haddington-based investment management firm McInroy & Wood has appointed David Cruickshank, the former global chairman of Deloitte, as its new non-executive chairman. Mr Cruickshank replaces Simon Fraser, who died suddenly in August 2021. Tim Wood, the firm’s chief executive, served as int

The historic Scottish Mortgage Investment Trust, managed by Baillie Gifford, has seen its net asset value drop by 13.1% in the 12 months to the end of March. The £14 billion fund also suffered a 9.5% drop in its share price, compared with a 12.8% increase for its benchmark FTSE All-world Index

Anders Holch Povlsen, 49, once again heads the 2022 Sunday Times Scottish Rich List with a personal fortune of £6.5bn, up £500 million on last year. He is also now Scotland’s largest landowner with more than 220,000 acres. Povlsen is owner of the Danish fashion retailer Bestseller

Almost a quarter (24%) of Scottish small or medium-sized enterprises (SMEs) have seen the number of late payments they receive increase since the cost of living has gone up, according to new research from Barclays.