News

Glasgow-based cloud computing firm iomart Group has successfully refinanced its banking facilities, securing a new £115 million revolving credit facility. The company also announced a delay to the publication of its full-year results and a significant non-cash impairment charge.

Glasgow-based whisky giant Edrington, owner of The Macallan, has reported a significant downturn in its financial performance, with pre-tax profits slumping by 26% and core revenue falling by 10% in the year to the end of March. The company saw pre-tax profits fall to £274.4 million and revenu

Hopes for the future of 400 jobs at Alexander Dennis (ADL) in Falkirk and Larbert have been extended, after the bus builder agreed to a fortnight’s extension of the consultation period on the proposed closure of its Scottish manufacturing sites. The new deadline for the consultation, which was

Scottish mid-sized businesses are optimistic about plans to export overseas in the next year, despite recent turmoil in global trade and tough economic challenges, according to BDO. The firm's survey of over 500 mid-sized businesses reveals that more than half (54%) of companies are confident about

Serious bullying and harassment in financial firms qualify as misconduct, under rules confirmed by the Financial Conduct Authority (FCA). Previously, it was often unclear when these types of behaviours would amount to a conduct rules breach in a firm other than a bank.

Amanda Wrathall has been appointed as the new chief executive of the Edinburgh International Conference Centre (EICC), commencing her role on 1 August. With over 30 years in the hospitality and tourism sector, including a decade as sales and marketing director at the EICC, Ms Wrathall has been instr

Santander has agreed to acquire TSB in a deal worth £2.65 billion.

B Corp certified accountancy firm Cooper Parry (CP) has named Oliver Vaughan as its new chief financial officer. Mr Vaughan brings with him a wealth of experience in financial leadership, strategic growth and operational excellence. With a career spanning over two decades, Mr Vaughan has held s

US energy giant Chevron has confirmed it will close its Aberdeen office, bringing its 55-year history in the city to an end.

A man who convinced thousands of followers that he was the reincarnation Christ has been imprisoned in Russia. Sergei Torop, a former traffic cop, founded the "Church of the Last Testament" in 1991 and recruited thousands of members in Siberia.

Scottish dental group Clyde Munro has announced a three-year multi-million-pound investment plan that will secure the growth and development of its portfolio of dental practices. The group currently cares for around 500,000 patients across Scotland. As part of its plans, the business has announ

AAB has announced that Goldman Sachs Alternatives has agreed to acquire the firm from private equity investor August Equity, pending regulatory approval. The transition marks a significant milestone for AAB, reinforcing the firm’s trajectory of sustained growth while ensuring continuity for cl

The Federation of Small Businesses has warned Aberdeen’s Visitor Levy proposals represent a gamble with the city’s ambitions to establish itself as a leading tourist destination. Responding to Aberdeen City Council’s consultation on its Visitor Levy plans, FSB said the proposed 7%

Edinburgh-headquartered fintech Aveni AI welcomed a group of industry leaders yesterday from the UK’s wealth management and financial planning sector to an exclusive forum, to discuss how artificial intelligence (AI) will transform the future of financial services. Bringing together C-level le

Increased HMRC activity could be causing the recent rise in Scottish company liquidations, according to an Aberdeen insolvency specialist. New figures from Creditsafe showed 141 new Scottish administrations and liquidations in May – the highest number since December 2022 when 142 cases were re