News

The Financial Reporting Council (FRC) has fined PwC and two of the firm's former partners nearly £8 million due to failures in the audits of Babcock International's accounts. The fines are in relation to the audits of Babcock's accounts ending in the financial years 31 March 2017 and 31 March

Gilson Gray Financial Management (GGFM), the financial planning arm of law firm Gilson Gray, has acquired Edinburgh-based bespoke practice, Sarah Hughes Wealth Management. The latest acquisition by GGFM takes its total assets under management to nearly £500 million – a 40% increase in 12

Glasgow-based N4 Partners has sold its stake in global gear systems specialist, David Brown Santasalo (DBS), to Stellex Capital Management LLC (Stellex), a US private equity firm focused on investments in North America and Europe, for an undisclosed sum. David Brown Santasalo is a global business de

Edinburgh-based waste data analytics platform Topolytics has appointed Fleur Ruckley as its head of implementation. Ms Ruckley has wide experience helping large organisations to understand waste and materials flows and adopt circular economy models. She joins from engineering professional servi

Thorntons has grown its wills, trusts and succession, commercial real estate and residential property teams with a number of new appointments in Dundee, Forfar, St Andrews and Perth. Six new solicitors were brought on board in January and February, in response to a strong growth in demand for servic

Colombia has held a court hearing entirely in the Metaverse, complete with an audience of virtual spectators. The administrative court of Magdalena used the virtual reality (VR) platform created by Facebook owner Meta to conduct a hearing in a civil case brought against the Colombian Ministry of Def

Aberdeen grants for installing flooding property protection has been extended to include businesses, a committee decided today. The Net Zero, Environment and Transport Committee unanimously agreed to the move for commercial property owners which starts from 7 March 2023. The Property Level Flood Pro

The former owner of Aberdeen Business Network (ABN), Andrew Smith, has published a new book to help individuals and companies win more business. Mr Smith owned ABN for 14 years before agreeing the sale of his company at the end of 2022. During this time, ABN helped firms win more than £27

Scottish Borders-based tech firm Emtelle has signed an agreement to build and establish a factory for the manufacture of fibre optic ducting and pre-connectorised solutions in Abu Dhabi. Emtelle will invest around $50 million (£42m) in the United Arab Emirates facility under a build-to-suit (B

A new report has highlighted that The Young Person’s Guarantee (YPG) has created more than 22,000 or training opportunities for 16-24-year-olds since 2020. The Young Person’s Guarantee was designed to help avoid a surge in youth unemployment following the COVID-19 pandemic. It aims to pr

The Industrial Biotechnology Innovation Centre (IBioIC) has appointed a new senior business engagement manager to support the growth of the Highlands and Islands’ bioeconomy. Annelie du Plessis joins IBioIC from Ethicon, a Johnson & Johnson subsidiary specialising in surgical technologies,

Investment into Scottish commercial property has reached £2.088 billion in 2022, according to the latest Scotland Snapshot from Colliers.

FRP Corporate Finance has advised the shareholders of Suttons Performance Packaging (Suttons), a protective packaging manufacturing business based in Cambridgeshire, on its £13.7m sale to Macfarlane Group PLC (Macfarlane). Founded in 1962, Suttons supplies specialist protective packaging to th

Scottish law firm Wright, Johnston & Mackenzie LLP (WJM) has formed a new drinks industry specialist team to provide legal support to the alcoholic beverage sector. Colin Millar, a partner at WJM who will be leading the new team, has worked for many years with clients in the spirits industry inc

Gilson Gray has acquired The Law Practice in a move which will see the business expand its offering in Aberdeen. Owner of The Law Practice, Lesley McKnight, and her team, will join Gilson Gray at its Blenheim Place offices.