News

Scotland’s GDP is estimated to have fallen by 0.1% in Q3 compared to the previous quarter, and increased 0.4% month-on-month in October, according to statistics announced by the chief statistician.

Three former solicitors are among five men convicted of money laundering, The Times reports. Former lawyers Iain Robertson, 69, David Lyons, 71 and Alistair Blackwood, 68, were convicted alongside Mohammed Aziz, 61, and Robert Ferguson, 67, following a trial at the High Court in Glasgow.

The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former CTO of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform co-founded by Samuel

Deloitte and audit engagement partner Simon Manning have been fined nearly £1 million for failings regarding the statutory audits of SIG plc's 2015 and 2016 financial statements. The Financial Reporting Council (FRC) has issued a final settlement decision notice under the audit enforcemen

Glasgow-headquartered Wholesale Domestic has consolidated its business resources after securing a £4.2 million loan from Barclays and is set for investment and growth in 2023 alongside the firm's 60th anniversary. The third-generation family business is a bathroom retailer and in addition

A South Uist smokehouse has received £170,000 in support from the Bank of Scotland to expanding its footprint and introducing new products. Salar Smokehouse, a producer of smoked salmon and trout, opened on the Isle of Benbecula in South Uist in 1997.

Shehzad Ashaq, corporate tax director at Wylie & Bisset, has won the Rising Star in Business category at the 15th Scottish Asian & Business Awards 2022. The awards recognise a wide range of achievements from Asian individuals across Scotland who positively impact business, charity, sport, ar

The October 2022 Football Distress Survey, which has been conducted for over a decade by business recovery specialist Begbies Traynor, indicates that there has been a 50% rise in Scottish clubs showing signs of distress compared with March 2022. A total of nine clubs in Scotland (12.5%) are showing

Rapper 50 Cent has taken legal action against a plastic surgeon allegedly using his image to promote penis enhancement surgery. The lawsuit centres on a photo of the rapper with Angela Kogan, who runs Perfection Plastic Surgery & Med Spa in Florida, the Miami Herald reports.

Ultrasound sensor specialist Novosound has signed a commercial partnership agreement with PAVmed Inc, the Nasdaq-listed diversified medical technology company, to develop technology aimed at advancing intravascular imaging. The PAVmed agreement furthers Novosound’s move into healthcare, and it

Renowned Scottish painter Dame Elizabeth Blackadder has left a £7 million gift to the Royal Scottish Academy to support newer generations of artists and architects. Known as one of Scotland’s greatest painters, Dame Blackadder passed away in August last year at the age of 89. She studied

Fleet vehicle graphics firm, OPG, has successfully completed a multi-million management buy-out (MBO) deal thanks to a six-figure funding package from UKSE, alongside input from private investors. Allan Hamilton has been appointed as managing director, taking the reins from Owen Pilling who formed t

Two Glasgow company directors have received disqualifications after each falsely claimed loans for their companies, taking over £125,000 in taxpayer support that they were not entitled to.

Ann Street, located in central Edinburgh, has been named Scotland's most expensive street with property prices reaching an average of £1.7 million.

Business confidence in Scotland fell nine points during December to 15% but overall economic positivity has increased, according to the latest Business Barometer from Bank of Scotland Commercial Banking.