News

The Scottish economy shrank slightly in October, according to the latest GDP estimates. Scotland’s onshore GDP is estimated to have contracted by 0.2% in October, following unrevised 0.3% growth in September.

Johnston Carmichael has collected over 100 items of new and lightly worn pre-loved clothing for charities that help unemployed men and women back into work. The clothes are being shared with Smart Works Scotland, which provides clothing and coaching to help women into employment, and Grassroots Clot

Glasgow-based VAT & Indirect Tax Advisors (VITA) has expanded its team with two new appointments. Chantal Scheepers joins the indirect tax advisory firm as practice manager and Rachael Moran joins as tax trainee.

Scotland's labour market remained relatively stable from August to October 2024 despite economic challenges, ONS figures have revealed. In this period, the employment rate was down 0.4%, reaching 73.2% – slightly lower than the UK rate of 74.9%. However, Scotland's unemployment rate of 3.6% wa

Glasgow City Council has appointed Robert Emmott as its new executive director of financial services. Mr Emmott, who currently holds a similar role at Dundee City Council, will succeed Martin Booth in the New Year.

In November 2024, there were 114 company insolvencies registered in Scotland, 5% higher than the number in November 2023. The total number of company insolvencies was comprised of 55 CVLs, 54 compulsory liquidations and five administrations. There were no CVAs or receivership appointments.

Audit Scotland has raised concerns over the future of the publicly-owned Ferguson Marine Port Glasgow (FMPG), highlighting uncertainty as no more work is secured beyond the completion of MV Glen Rosa (802).

The Financial Conduct Authority (FCA) has unveiled plans for a new private stock market system, PISCES (The Private Intermittent Securities and Capital Exchange System), aimed at revitalising London's IPO landscape and granting investors easier access to unlisted companies. PISCES will allow investo

Upcoming changes to lease accounting standards are set to impact all businesses when they come into force, introducing new complexities for property owners, leaseholders and lenders alike, Henderson Loggie has warned. In addition, businesses are being advised to prepare for changes which will raise

Gordon’s Trattoria, an Italian restaurant situated on Edinburgh's Royal Mile, has been acquired by Merchant Leisure. Gordon Scott, who opened the restaurant in 1982, recently announced his retirement and has sold the venue for an undisclosed fee to his close friend Jim Tullis, owner of Merchan

Glasgow-headquartered commercial landscape and groundworks specialist M Squared has achieved an annual revenue milestone of around £10 million as it celebrates its 10-year anniversary as a business.   Since its inception 10 years ago as an ambitious business focused on providing commercia

Shepherd Chartered Surveyors has announced a raft of new partners as its ambitious five-year strategy for growth and succession continues apace. The practice welcomes a total of 14 new partners, comprising eight from within the ranks of Shepherd Chartered Surveyors, four from the recent merger with

The Scottish government has awarded £400,000 to Citizens Advice Scotland to improve access to help for people struggling with council tax debt. Building on successful pilot schemes funded in 2023-4, the additional funding will enable targeted advice on council tax debt to be provided in six ne

Dundee-based accountancy firm Ashton McGill has announced the launch of its ACCA training programme. The substantial investment will support two business management or accounting graduates to achieve their chartered status through a unique and bespoke programme.

Antifriction Components, a UK distributor of bearings and power transmission products, has acquired Scots Bearings Ltd in a seven-figure deal. The combined business will be the largest specialist distributor of critical moving parts in Scotland, with seven sites across the country. Scots Bearings&rs