News

The Green Hydrogen for Scotland partnership has secured £9.4m of funding through the Storage at Scale competition run by the Department of Business, Energy and Industrial Strategy (BEIS).

Black Friday is one of the busiest shopping seasons of all, but although it is often the cheapest time of year to bag a bargain, a recent survey from YouGov shows that 33% of Scots never trust the deals they see on the day. Every year during Black Friday there are both genuine and fake deals adverti

A senior politician charged with cleaning up Norway's expenses system has resigned a month into the role after being embroiled in an expenses scandal. Eva Kristin Hansen, 48, was elected as president of the Storting, Norway's parliament, just six weeks ago, but is now facing a police investigation f

The liquidators of Carillion have launched a potential £250 million legal claim against KPMG - the former auditor of the collapsed contractor. The Official Receiver, the government agency in charge of liquidating Carillion, submitted a High Court legal claim against the firm on Friday. Full de

Chartered accountants Wylie & Bisset has stressed that cash is king for SMEs tackling the scarcity of supply, inflationary pressures and staff shortages this winter. Labour shortages and price rises continue to threaten economic recovery, according to data compiled by SCDI, with a surge in vacan

Tim Cooper, chair of insolvency and restructuring trade body R3 in Scotland and a partner at Addleshaw Goddard in Edinburgh, has won the Association’s R3 2021 Excellence Award. Mr Cooper won the award, which was presented in memory of former R3 North West Chair and Council member Matt Dunham,

As pressure mounts on businesses facing the prospect of meeting loan repayments in challenging market conditions, accountancy firm Henderson Loggie is urging directors who have taken advantage of Covid financial relief schemes to seek professional advice to avoid stress. Bounce-back loans were made

Nationwide Building Society has seen its first-half profits more than double to £853 million, compared to £361m in the first half of 2020. For the six months to September 30, the lender saw its net interest income grow to £1,706m, compared to £1,448m in 2020, with higher marg

London-based Waverton Investment Management has appointed Derek McLay as business development manager for Scotland and Northern Ireland. Mr McLay will report to head of intermediary sales, Mark Barrington and he will focus on promoting Waverton’s dedicated adviser offering – including it

Guardbridge-based gin distiller Eden Mill has submitted plans to build a £4 million premium visitor experience at its headquarters in the Fife village. Eden Mill hoped to develop its distillery and brewery into the former paper mill buildings at St Andrews University’s Eden Campus in Gua

Rearo, an independent family business headquartered in Govan, has celebrated its 30th anniversary with a £500,000 investment. The £500,000 investment will help the company transform production processes and working practices, develop new products, and embed a commitment to customer servi

Growing sugar beet in Scotland and processing the crop at a purpose-built biorefinery facility initially producing bioethanol could support thousands of jobs and make a significant contribution to the country’s net-zero ambitions, according to a study funded by Scottish Enterprise and produced

Business-owning retirees in Scotland are more likely to keep a foot in the door than head off into the sunset, according to new research from Rathbone Investment Management. Most Scottish company heads (54%) plan to remain at the helm and hand over only the daily management of their business, either

Asset engineering firm Edwin James Group is to create more than 100 jobs over the next two years after a series of contract wins helped create a record order book in excess of £500 million. Sales fell by 11% over the last financial year due to the pandemic while profits held up well.

An extremely rare first-edition printed copy of the US constitution has sold for $43.2 million at a Sotheby's auction. The sale makes it the most expensive historical document to be bought at auction. It also broke the auction record for a book, manuscript or printed text.