News

Scotland's onshore GDP fell by 0.4 per cent in December amid the rise of the Omicron variant, new figures show. Output remained above the pre-pandemic level of February 2020, by 0.1 per cent, according to the latest data from the Chief Statistician.

The UK government has frozen the assets of five Russian banks in response to the escalating conflict between Russia and Ukraine. Part of what has been billed the "first wave" of UK sanctions targeting Russia, foreign secretary Liz Truss said the move would "hit oligarchs and banks close to the Kreml

PwC has announced the appointment of Jon Shelley as head of deals for Scotland amid a high level of activity in Scotland, across the UK and internationally. Mr Shelley replaces Jason Morris, who was recently appointed as regional market leader for PwC Scotland. Mr Shelley was previously head of corp

RSM has been ranked among the top 10 best employers in Scotland by Best Companies. At its first time of entering, RSM has achieved 10th place regionally in the prestigious chart, which represents the industry standard in identifying the UK’s leading employers.

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a seminar on Capital Allowances at the Mackenzie Building, Old Assembly Close, Edinburgh on Thursday 3 March 2022.   At this event, Stephen Foster of Grant Thornton, will consider:

Three managing directors at business advisory firm Quantuma have been appointed as joint administrators of financial cooperative Strathkelvin Credit Union (SCU). The Dunbartonshire-based credit union, founded in January 1996, entered administration yesterday as a result of regulatory breaches which

More than 250 non-fungible tokens (NFTs) worth nearly £1.3 million have reportedly been stolen from trading platform OpenSea.

Scottish flight training and aircraft maintenance business ACS Aviation has increased its staff numbers to meet increasing demand for its services post-pandemic. The company, based at Perth Airport, has increased staff members by 18 per cent over the past two years, with new flight instructors, airc

The UK's Internal Market Act (UKIMA) places more emphasis on open trade than regulatory autonomy when compared to the EU single market, creating tensions within the devolved settlement, a Holyrood committee has concluded. Today's report from the Scottish Parliament's constitution committee warns tha

A fish processing business in the north of Scotland has received an eight-figure funding package from HSBC UK, backed by UK Export Finance (UKEF), as it sets its sights on new international markets. Peterhead-based Denholm Seafoods, which champions Scotland’s high-quality, sustainable seafood,

Scottish consumer confidence remained steady and in line with the rest of the UK at the end of 2021, new analysis from Deloitte shows. Consumer confidence was at -11 per cent in Q4 2021, according to the latest Deloitte Consumer Tracker. Overall personal expenditure increased for 45 per cent of cons

A North Lanarkshire coach hire company has upgraded its fleet to meet rising consumer demand, with support from Bank of Scotland.

Springfield Properties said it remains on track for significant full year growth after posting interim results that revealed excellent build and sales activity across the business.

Barrhead Housing Association has announced the appointment of Lauren Rice as its new director of finance and corporate services following a competitive recruitment process. PwC-trained Lauren brings a wealth of financial and management experience across social housing, private and public sectors.

A nearly 140-year-old copy of writings by Friedrich Engels, the lifetime brother-in-arms of Karl Marx, has been returned to a library decades after it went missing.