News

The UK's insolvency sector is set to be governed by an independent regulator with new powers to seek compensation for victims of malpractice under government proposals to be announced today. UK Ministers are planning to impose tougher regulations for insolvency firms and practitioners after allegati

Addleshaw Goddard’s corporate team is seeing a busy year end for deals which has created confidence that even with the challenges brought about by recent COVID developments, activity levels in the market will sustain as we enter the new year. Deals across the technology, digital innovation, tr

Investment of more than £100 million in Moray over the next decade was endorsed yesterday with the official signing of the Moray Growth Deal. It signals confidence from both the UK and Scottish governments in plans to drive innovation and growth in the region, with projects within the Deal des

A rare 16th Century gold coin depicting Mary Queen of Scots has sold for £17,500 at auction. The sale was conducted by auctioneers Woolley & Wallis, of Salisbury, Wilts and was expected to fetch £3,000.

A £500,000 project to develop two new business units in Scalsaig, Isle of Colonsay in Argyll, has secured up to £145,000 from Highlands and Islands Enterprise (HIE). The project is being taken forward by the Colonsay Community Development Company (CCDC) following a feasibility study to a

Details have been published of how the £12.5 billion in Scottish Government funding for 2022/23 will be distributed to local authorities. The settlement represents a total cash increase of £917.9 million or 7.9%, which is the equivalent of a real terms rise of 5.1% to support vital local

A significant new funding package from Royal Bank of Scotland has helped to enable Scottish building firm the Donaldson Group to acquire timber frame manufacturer, Stewart Milne Timber Systems (SMTS). The Donaldson Group is a family of eleven businesses specialising in the processing, manufacturing,

The joint administrators of Bellhill Limited, Blair Nimmo and Alistair McAlinden of Interpath Advisory, have completed a sale of the Lorne Hotel to PL Glasgow Limited. The 102-bed three-star hotel is located in a prime location on Sauchiehall Street, between Glasgow’s city centre and the popul

Lettings and estate agency Lomond Group has become the largest lettings and estate agent in Scotland after acquiring DJ Alexander. The move, which was supported by Lomond Group’s private equity partner LDC, brings Lomond Group’s portfolio of managed properties to 9,500 in Scotland, and s

Dundee-based commercial insurance technology start-up Broker Insights has raised more than £6 million in a Series A funding round led by Mercia Asset Management. Chroma Ventures, which first backed Broker Insights with seed funding in 2018, made a follow-on investment in this round, along

A £2 million project to transform a major tourist attraction in Lochaber has secured up to £500,000 of funding from Highlands and Islands Enterprise (HIE). Funds will go towards the construction of a new base station at Glencoe ski centre which will see the demolition of the current fire

The average house price in Scotland has increased by 11.4% over last 12 months, according to the Octoebr House Price Index for Walker Fraser Steele.

The confidence and resilience of Scottish businesses that held up well during the roller-coaster journey through 2021 is facing another dip over the impact of Covid this winter, according to Grant Thornton's Business Outlook Tracker.

Glasgow-based chartered accountant Wylie & Bisset’s internal audit department has secured an outcome of ‘full compliance’ following a recent External Quality Assessment from The Chartered Institute of Internal Auditors. With the Institute indicating that approximately a quarter

Big Four accountancy firm KPMG has pulled out of bidding for public contracts after the Cabinet Office threatened to ban the firm following a slew of scandals. Earlier this month, Scottish Financial News reported that the department wrote to KPMG warning that the action would be taken if the firm co