News

Real estate advisor CBRE has announced it has completed the sale of The Arc in Hillington Park to Danobe securities for £2.4 million.

A new bill that will consolidate, reform and modernise long-standing laws governing the operation of trusts in Scotland has been published by Holyrood. Scots trust law is widely considered to be out of date, and the main legislation is now just over a century old.

A planning application to build the smallest Islay distillery has been given the go-ahead after receiving unanimous approval from councillors. The project is being developed by Alan Higgs Architects on behalf of client Geararch Farm. The enterprise is named 'ili', the oldest name for Islay, and "is

Mercedes-Benz has begun offering an "acceleration increase" option for $1,200 (£990) per year for some of its electric vehicles. Limited to Mercedes-EQ EQE and EQS all-electric models, owners would have their vehicles' speed unlocked via an over-the-air update allowing them to accelerate

Douglas Home & Co has expanded its presence in Edinburgh with the appointment of Greig Honeyman to advise its board. Greig Honeyman will advise leading figures at Douglas Home & Co, while tapping into his extensive network of family businesses, trusts, lawyers and corporate decision-makers.

Thomson Cooper Accountants has boosted their tax team with the appointment of experienced tax professional Keith Hunter. Mr Hunter's appointment reflects the increasing demand the firm has experienced for tax-related advice from individuals and business owners across Fife and the Lothians.

The UK is falling behind the rest of the world in reskilling its national workforce and the Government must urgently rethink its approach if we are going to see growth in this decade, according to a new report from Enterprise Nation and The Entrepreneurs Network.

A quarter of small firms (24%) plan to close, downsize, or radically change their business model if the government reduces energy support post-March next year, according to a new Federation of Small Businesses (FSB) energy survey published this week. The survey, which measured the impact of the ener

Hamilton-based specialist operator Asanti Datacentres Limited has acquired five UK data centres from Daisy Group, one of the country’s largest communications and IT services providers. Asanti was recently acquired by Invesis, global investor and developer of infrastructure projects. Invesis ha

Profits are down at Speymalt Whisky Distributors, trading as Gordon & MacPhail, which reported a £7.5 million after tax profit in its latest filing for the year ended 28 February 2022. Profits were down 31.9% from £11m the year prior, however, exports increased and the firm has pushe

Stagecoach co-founder Sir Brain Souter's family investment firm, Souter Investments, has outperformed the market showing a £70 million increase in the firm's assets in its most recent filing. The Perth businessman commented on the annual results ended 31 March 2022 stating his firm's portfolio

Boyd Legal has acquired Fife practice Baird & Company in Glenrothes.

Telecoms provider Commsworld has reported a 60% surge in gross profit as its public and private sector client base expands. The Edinburgh-headquartered company saw gross profit rise to £7.5 million for the year ending 2021, up from £4.7m in the previous 12 months.

Calnex Solutions has achieved pretax profits of £3.1 million up from £2.3m, a 34% increase year-on-year. The Linlithgow-based company's growth in profits comes on a 37.6% increase in revenues. The firm reported £12.7m in revenues for the six month's ended 30 September 2022, up from

Rising energy costs are the biggest concern for a quarter of Scottish businesses this autumn and winter, according to new research by accountancy and business advisory firm BDO. The bi-monthly survey of 500 leaders of medium-sized businesses reveals that a further 22% are worried about business rate