News

HM Revenue and Customs’ (HMRC) Glasgow regional centre and UK government hub has been formally opened by Jim Harra, HMRC’s first permanent secretary and chief executive. The state-of-the-art building at 1 Atlantic Square, which also accommodates the Cabinet Office’s second headquar

Female-powered businesses are attracting an increasingly large amount of equity investment – a record £5.05 billion in 2021 – but female founders are more vulnerable to the dilutive effect of equity funding than their male counterparts, according to J.P. Morgan Private Bank. The ba

Global professional services firm EY has backed a new partnership with ENABLE Scotland and Edinburgh Napier University to create equality across those accessing higher education opportunities. Whilst 45% of all Scotland’s school leavers go to university, only 8.6% of school leavers who have a

AMLify has announced a new partnership with Amiqus to deliver specialist educational support and training, auditing and consultancy services in relation to anti-money laundering legislation in the UK. Tech company Amiqus is the Law Society of Scotland’s strategic partner for compliance softwar

Tech giant Apple has made an unexpected move into the "buy now, pay later" (BNPL) market with the coming launch of Apple Pay Later. Initially available only in the US, Apple Pay Later will allow iPhone and Mac users to split purchases using Apple Pay over four equal payments in a six-month period, w

Ancient artefacts worth around £4 million were destroyed by a man who was mad at his girlfriend, authorities have said. Brian Henandez, 21, was arrested shortly after a late-night rampage through the Dallas Museum of Art (DMA), which has no connection with him or his partner.

Edinburgh-based Codeplay Software will be acquired by Intel for £48 million following a sale agreement with Foresight Group, a listed infrastructure and regional private equity investment manager, subject to regulatory approval. Codeplay is one of the UK’s leading providers of solutions

The Competition and Markets Authority (CMA) has provisionally found that Elite Sports, JD Sports and Rangers Football Club broke competition law by fixing the retail prices of certain Rangers-branded clothing products.

Big Four accountancy firm PricewaterhouseCoopers (PwC) has been fined £5 million in relation to its audits of Galliford Try and Kier Group. The company was fined a total of £8,850,000, adjusted to £4,998,500, by the Financial Reporting Council (FRC) - £3,038,750 and 

Broadband challenger brand Brillband has made two key appointments as it prepares to launch a trial of its technology in Scotland. Helena Murphy, an entrepreneur and fundraising expert behind investing company Raising Partners, has joined the firm’s board, while Euan Plater, the brains be

GS Group, Scotland’s largest independent insurance broker, has been acquired by the JMG Group, subject to FCA approval. The GS Group was formed in Perth 31 years ago from a standing start by managing director George Stubbs, with second hand furniture and a coffee percolator. It has since grown

Johnston Carmichael has confirmed two senior promotions, boosting the leadership of its business advisory team. Jenn Stewart, who is head of the firm’s Dundee office, joins Johnston Carmichael’s partner group and Elspeth Jamieson, based in Edinburgh, becomes director.

Gearing up for a maiden launch from British soil, Edinburgh-headquartered rocket company, Skyrora, has appointed industry veteran Lee Rosen as chief operations officer. Mr Rosen is a retired US Airforce Colonel and former vice president of mission and launch operations and customer operations and in

A private company that controls the Elvis Presley name has apologised after threatening to end unlicensed Elvis-themed weddings in Las Vegas.

The Virgin Money Foundation has partnered with the HFD Charitable Foundation to support a Glasgow charity's employability programme with a £20,000 funding grant. FARE Scotland received the support through the two charities' Glasgow Community Anchors' Fund for its latest career development prog