News

Scotland's personal injury discount rate (PIDR) is expected to change from October 2024 following a recent consultation, according to Clyde & Co. The firm recently hosted a roundtable event where senior representatives from more than a dozen insurance companies debated the potential impact of pr

CDLH Chartered Surveyors have completed the sale of the Abbotsford Lodge Hotel, a 14-bedroom property located in the village of Callander, for an amount above the £595,000 asking price. The property, including a large owner's house, staff accommodation, and a self-catering unit, was sold&

Drinks conglomerate Diageo has celebrated a 12% increase in global Scotch whisky sales for the year ended 30 June 2023. The London-listed company, which owns almost 30 malt distilleries in Scotland, across which it employs 3,500 people, reported a 5.1% rise in operating profit to £4.6 billion,

Martin Precision Ltd, a precision engineering firm located in Lanark, has transitioned to an employee ownership trust (EOT) structure, coinciding with its 30th year in business. Founded in 1993 by William Martin, the company has cultivated a global reputation, specialising in the manufacture and sup

Taylor Wimpey has reported a 21% fall in revenue and a 29% drop in pre-tax profit as rising interest rates knocked the housing market. In a trading update issued today, the housebuilder revealed revenue in the six months to 2 July 2023 fell to £1.64 billion from £2.08bn the yea

Aberdeen house prices have grown by 1.5% in Q2, according to newly published data on the Aberdeen housing market.

A community initiative to support local business in the Isle of Mull has obtained a grant of up to £250,000 from Highlands and Islands Enterprise (HIE). The project, with a total value just shy of £1 million, is being led by the Mull and Iona Community Trust (MICT), with additional backi

Building, infrastructure, engineering and fit-out business Tilbury Douglas has appointed Matt Gill as chief financial officer (CFO). Having started as an auditor with Ernst & Young in London, Matt progressed into senior financial roles in infrastructure and construction businesses.

A.G. Barr's chief executive, Roger White, has announced his intention to step down from his position within the next year, marking an end to his over 21-year tenure with the Scottish beverage company. The board of directors will commence a formal succession process, inclusive of an external search,

Barclays has backed Apex Hotels' expansion strategy with a £60 million refinancing package, earmarked to help the hotel group broaden its portfolio through the acquisition of more properties, particularly in rural locations. As a part of this growth scheme, Apex Hotels recently made its first

William Duncan Accountants, a subsidiary of the Dains Group, has announced the promotions of Gary Ferguson and David Young to the rank of partner. This elevation acknowledges Mr Ferguson and Mr Young's valuable input and dedication to producing exceptional results for clients, underpinning

Real estate services firm Avison Young has appointed Paul Broad and Stewart Taylor as regional managing directors in Glasgow and Edinburgh respectively, following the retirement of the former RMDs, alongside three new RMDs for Leeds, Bristol, and Manchester. With 20 years’ experience in the Gl

The world's smallest penknife is set to be sold at auction as part of a collection.

Dundee And Angus Chamber of Commerce has announced the highly anticipated shortlist for their 2023 Chamber Business Champion Awards, with the winner set to secure the coveted £10,000 STV advertising package. After a rigorous evaluation process, 13 local companies have made the cut to move forw

Business confidence in Scotland fell 18 points during July to 32%, according to the latest Business Barometer from Lloyds Bank Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 11 points at 41%. When taken alongside their optimis