News

Oil exploration company Hurricane Energy has repurchased $28.5 million in convertible bonds which were due in 2022, saving $2.8 million in debt repayment and interest charges. The Surrey-based company, which focuses on the west of Shetland, acquired the bonds from Stifel Nicolaus Europe Limited and

A rare cask-aged collection of rums from Banchory-based Dark Matter Distillers has sold at auction for £41,800. The nine bottles date back to the opening of the distillery in 2015. All of them were aged in a virgin American oak barrel at 63.5 per cent ABV.

Hiring activity across Scotland rose at a slower pace in November, according to the latest Royal Bank of Scotland report on jobs. Permanent staff appointments rose at the softest rate since February, while the rate of increase in temp billings moderated to a seven-month low, although the upturns rem

Operators of furnished holiday lettings businesses will have been affected by restrictions during the Covid-19 pandemic, but all is not necessarily lost, according to Jenny Healy. The pandemic has clearly impacted the UK’s tourism sector heavily, including many Furnished Holiday Let (FHL) busi

DSW Capital, owner of the Dow Schofield Watts brand, has raised £5 million in an initial public offering (IPO). The flotation gives the company a market capitalisation of £21.4m, based on a share price of 100p.

Accountancy firm Azets has announced the promotion of Edinburgh-based partner Gary Devlin to UK head of internal audit and the appointment of Glasgow-based Elizabeth Young as an internal audit partner for Scotland and the North. Mr Devlin will lead a team of over 50 staff delivering an extensive ran

Kenny Barclay has been appointed as finance director at Rangers FC. He will join the club's board of directors ahead of its 150th anniversary year, the club announced in a short statement on Saturday.

Business advisory and accountancy firm Johnston Carmichael has announced the promotions of 64 people, including the appointment of two partners and a director. Amongst the partner promotions are James Hamilton and Grant Roger of Johnston Carmichael’s audit team which is experiencing a signific

Accountancy and business advisory firm BDO LLP has announced the appointment of Chris Meyrick as a partner in Scotland. Mr Meyrick, who joins BDO from PwC, will focus on the financial services sector and audit, bringing over 20 years' experience supporting a wide range of businesses ranging from lar

James McMillan, director at law firm Anderson Strathern, warns that Scotland has become an international hotspot for financial crime. In the UK context when you think about white-collar crime over the last couple of decades, names like Barings Bank, the Bank of Credit and Commerce International (BCC

Borders-based accountancy firm Rennie Welch LLP has announced the appointment of seven new members of staff across its offices in Scotland and north-east England. The new hires include two team leaders: Anne Cerexhe, who works between the firm’s Kelso and Berwick offices, and tax specialist Ma

As business confidence returns, Anderson Anderson & Brown (AAB), the tech-enabled business critical services group, has reported a substantial uplift in demand for its fundraising services in the energy technology sector. In the most recent quarter alone, AAB has advised on three transactions fo

Accountancy firms Johnston Carmichael, PwC, EY and KPMG, have responded to the 2022-2013 Scottish Budget announced by finance secretary Kate Forbes yesterday.  The finance secretary stated that ending Scotland’s contribution to climate change, tackling inequalities and investing in the ec

With HMRC’s ‘light touch’ approach to IR35 compliance enforcement set to end in April 2022, Grant Thornton UK's latest Business Outlook Tracker has found that mid-market businesses in Scotland lack confidence that they will comply with IR35. The survey found that nearly h

SMASH, a platform that connects film and TV content creators with decision-makers, is on its way to securing half a million pounds of investment to scale up its business as it targets the fast-growing global content streaming market. The Scotland-based company has already secured an initial ‘s