News

Reflecting wider trends, the Scottish economy is currently in a fragile state, exacerbated by the US's recent announcement of 10% tariffs on all imports, which has dampened business and consumer confidence, according to the latest EY ITEM Club Scotland forecast. The US tariffs are likely to have an

Savills has reinforced its dedication to Edinburgh's active rental market through further investment in its residential lettings team, reflecting the sector's sustained expansion, despite an evolving regulatory environment. Leading the expansion is Sophie Strand, who has been appointed as head of re

Responding to a growth of private equity investment, The Institute of Chartered Accountants of Scotland (ICAS) is calling for a multi-stakeholder review of the framework governing who can own audit firms. The call follows the publication of a new paper by ICAS’ Private Equity working group, ex

Lindsays has appointed Ken Dinneen as its new head of finance, taking over from Jim Kinloch, who retires after seven years with the firm. Mr Dinneen brings decades of experience in legal services to his new role, which commenced last week. He joins Lindsays from Balfour & Manson, where he served

Legal tech platform Valla has secured £2 million in seed funding to further its mission of democratising access to justice for UK workers. The company's innovative AI-powered solution has caught the attention of investors, including Ada Ventures leading the round alongside Active Partners and

The profits of thousands of Scottish businesses are being squeezed by stealth due to inflation – or the ‘invisible tax’ as it is sometimes known – and should raise their prices, cut costs and invest in efficiency, a business advisor has warned. Inflation, currently around 3.5

Once valued at $1.5 billion (£1.11bn), British AI startup Builder.ai is now initiating bankruptcy protection after revelations that its lauded artificial intelligence platform was significantly reliant on human engineers, primarily in India, rather than genuine AI automation. The company, know

Lucy Dimes has stepped down from her position as chief executive of Scottish cloud computing firm Iomart, less than two years after taking the helm. Her departure follows that of previous chief executive Reece Donovan, who left abruptly in September 2023. Ms Dimes had combined the chief executive ro

Heriot-Watt's internationally recognised centre of excellence in brewing and distilling is set to undergo a 21st century transformation to ensure a sustainable and profitable future for both industries. The university is seeking to raise £35 million in order to realise our vision of building a

A former office worker jailed for defrauding two construction companies has been ordered to pay back more than £80,000 under Proceeds of Crime laws. Stephanni Houston, 41, of Ayr, was sentenced to 38 months in prison in November 2023 for embezzling over £516,000 from two construction com

A clean energy startup developing an ultra-low-cost carbon capture system for heavy industry has won a £50,000 award from a leading technology centre. Remedium was named winner of the Climate Impact Prize at the Net Zero Technology Centre’s annual TechX Demo Day in Aberdeen.

The Treasury has sold its final shares in Royal Bank of Scotland-owner NatWest Group, concluding 17 years of public ownership that began with a £45 billion taxpayer bailout during the 2008 financial crisis. This full privatisation marks a symbolic moment for the bank, formerly Royal Bank of Sc

Henderson Loggie has appointed Grant Snedden to lead its games and digital sector team. Recent data from Scottish Games Network indicates that Scotland is home to 484 game studios, alongside numerous tech and games-adjacent companies. Nationally, the UK gaming market was valued at £7.63 billio

Gilson Gray has announced its latest round of promotions across its legal, financial management and property teams. A total of 19 employees have been elevated to new positions across the firm’s legal, financial management, property and business support teams, recognising the talent and achieve

On the back of growth over recent years, the internal audit team of Wbg is set to recruit seven graduates to its burgeoning team this summer. From an 11-strong team in 2022, Wbg’s internal audit department will number 30 staff members over the coming months.