News

As the UK confronts a highly volatile and uncertain inflationary outlook, PwC has predicted growth in Scotland will sit approximately 0.5 percentage points behind the UK average this year and, like the rest of the country, will be highly dependent on gas prices. The two possible scenarios outlined i

Kilwinning-based Shuttle Buses has become employee-owned, giving all 70 employees a stake in the business as the current managing director plans for his eventual retirement.

Johnston Carmichael has bolstered its specialist support for entrepreneurial businesses and investors with a new head of entrepreneurial tax based in the Central Belt. Joining from French Duncan, Stephen Oates has more than 17 years’ experience in tax, with significant expertise in workin

Cryptocurrency markets have lost significant value in recent weeks as the total market dropped below $1 trillion (£867 billion). The losses come as the two main digital currencies, Bitcoin and Ethereum, have taken heavy losses, dropping 5.9% to $18,720 and 9.2% to $1,514 respectively. This is

New data from the Office for National Statistics (ONS) has shown a recent slowdown in monthly mergers and acquisitions (M&A) activity, as domestic M&A deals were valued at £2.9 billion for Q2 2022 - £0.9bn less than Q1 (£3.9bn). Data suggests M&A activity has been

Figures compiled by Highlands and Islands Enterprise (HIE) have shown that businesses and communities supported by the agency achieved a strong performance in 2021/22 despite considerable economic disruption and uncertainty. Investments during the year supported businesses and social enterprises to

A new survey of accounting professionals has shown that the accountancy industry will undergo a major digital transformation. The survey by Moss, a fintech specialising in finance management of SMEs, showed that more than half of respondents (57%) predict that accountancy will become completely clou

AMTE Power, a manufacturer of battery cells in Thurso, has appointed Alan Hollis to the board. Mr Hollis will initially work alongside the AMTE Power executive management team and it is the intention of the AMTE Power Board that he will take on the role of CEO on or around Monday 31 October 2022, to

A community fund established by Banks Renewables has awarded more than a quarter of a million pounds to local organisations near its South Lanarkshire wind farm. A new annual report has shown that forty-nine grants totalling £267,047 have been awarded by the Kype Muir Community Panel (KMCP) fr

Around £500 million in savings have been found as resources are focused on tackling the “harsh reality” of the cost of living crisis, deputy first minister John Swinney has said. He updated the Scottish parliament on steps being taken to meet the increased costs of public sector pa

First Bus has agreed to sell its Scotland East business and all its routes in the area to McGill’s Group. The sale, which will be finalised on 19 September, includes all First Bus depots in Livingston, Larbert, Bannockburn and Balfron, as well as the Edinburgh open-top bus operation Bright Bus

Donald Trump once offered a baffled lawyer a deed to a horse in an ultimately unsuccessful bid to settle a $2 million legal bill, according to a new book. Servants of the Damned: Giant Law Firms, Donald Trump and the Corruption of Justice, by David Enrich, recounts how the lawyer confronted the futu

Global professional services firm Alvarez & Marsal has expanded its presence in Scotland with the opening of a new office in Edinburgh and the expansion of an existing one in Glasgow. The team will primarily support stakeholders in Scottish corporates and will be run by Ben Cairns, a managing di

Homebuyer enquires in Scotland fell again during August as wider economic challenges impacted further on market conditions, the RICS Residential Market Survey revealed today. The latest results show that house prices in Scotland continued to rise, albeit at a less firm rate, but enquires, sales and

The Scottish Tourism Alliance, the representative body for Scotland’s tourism industry, has appointed a vice chair and added four new directors to its board, further strengthening its position in representing the sector. The new board members are: