News

Businesses are being urged to stay vigilant when paying their bills or changing supplier, as new data from Barclays reveals that in the last three months, fraudsters stole the most money from SMEs through invoice scams.

Standard Life Private Equity Trust plc has confirmed that, following its AGM on 22 March 2022, the company’s name has changed to abrdn Private Equity Opportunities Trust plc “APEO”. The board felt that this would fully align the company with the investment manager’s rebranded

Savills has announced that Graeme Fraser will take on the role of head of valuation in Scotland, working closely with Craig Timney in his new role as head of UK valuation operations. Mr Fraser has over 25 years’ experience providing valuation and consultancy advice specialising primarily in lo

Public bodies are being given advice on how to handle contract bids from companies linked to Russia. To help strengthen economic sanctions imposed on Russia following the illegal invasion of Ukraine, guidance has been published on how to reject bids to procure a contract for goods or services from f

Dundee-based cloud computing company iomart Group has posted its pre-close trading statement for the year ended 31 March 2022, revealing that the group expects to report revenue of approximately £103 million, compared to £111.9m in 2021. The firm has also revealed an adjusted p

Chancellor Rishi Sunak has asked the Royal Mint to create a non-fungible token (NFT) as part of larger plans to convert the UK into a “global crypto assets hub”. NFTs are digital files that serve as a certificate of ownership of a digital asset such as images, video and audio.

Glasgow-based venture capitalist firm Maven Capital Partners has announced the sale of energy services specialist RMEC Group Limited to Aberdeen-based Centurion Group, generating a 2.26x blended return for investors. RMEC is a provider of managed solutions for the oil & gas intervention and

New car registrations dropped by 14% year-on-year n March to less than 250,000. March is the most important month in the automotive industry, typically accounting for 20% of all annual sales. In the decade before the pandemic, new car sales in March averaged at 450,000.

abrdn and the University of Edinburgh have formed an industry-academic partnership to deliver innovation in the investment sector.

Big Four accountancy firm EY has revealed plans to double the size of its UK consulting team by 2026, with more than half of the new roles to be based in cities including Glasgow and Edinburgh. The firm currently has 5,100 consultants within the firm, however, it hopes to increase this to over

One of Sweden's top judges has been fined after stealing meatballs – as well as sausages, cheese and an entire Christmas ham – from a supermarket. Mrs Justice Ann-Christine Lindeblad, a judge of the Supreme Court of Sweden for nearly 20 years, resigned in February after police began inve

The Institute of Chartered Accountants of Scotland (ICAS) has launched a new public finances accountability guide to provide the first comprehensive source of the public finance accountability arrangements between the UK and Scottish governments. The Accountability Matrix, which explains the complet

Muckle Media, the creative communications agency, has acquired Taste Communications Scotland in a six-figure deal. The strategic growth move by Muckle Media will see the Taste Communications brand retained and the existing team move over to form part of Muckle Media’s wider group of companies.

Specialist business advisory firm FRP has announced the launch of its new Glasgow office at The Beacon, 176 St Vincent Street, in the heart of the city centre. The move follows FRP’s appointment of partners Michelle Elliot and Stuart Robb in 2021, and will see a 13-strong team now based in Gla

In the UK, growth momentum is expected to slow during the course of 2022 as the impact of the cost of living crisis is felt while overall growth in the UK for 2022 could reach 3.9%, before slowing to 1.1% in 2023, according to the latest KPMG Global Economic Outlook. Consumer spending is expected to