News

Glasgow-based protective packaging supplier Macfarlane Group has seen its pre-tax profits more than double to £7.8 million. In the six months ended Juen 30, the firm's sales rose by 26.5% to £133.5m, compared to the same period in 2020. At the same time, operating profit before amortisat

David Alexander, managing director of property firm DJ Alexander, discusses the potential setbacks of introducing rent-controlled areas in Scotland. When an economy is laid low by war, famine, pestilence or – most recently – by a global pandemic, one factor is crucial to eventual recover

Carolyn Currie, the chief executive of Women’s Enterprise Scotland, has become the first Entrepreneur in Residence (EiR) at Queen Margaret University (QMU), Edinburgh. In a bid to accelerate women’s entrepreneurship, Ms Currie's appointment will help strengthen the University’s cul

Loganair, the UK’s largest regional airline, has launched its summer 2022 programme as it re-builds its schedule. The schedule – which the airline described as “cautiously optimistic” - will see Loganair return to international flying next year for the first time since the st

The Financial Reporting Council (FRC) has today announced a consultation on proposals to update and strengthen significantly the Audit Firm Governance Code in support of the FRC’s objectives to promote high-quality audit and audit market resilience. The code applies to the Big Four and to othe

Scotland’s onshore GDP grew by 0.9% in June, according to statistics announced by Scotland's chief statistician.

The mayor of Cool Valley, Missouri wants to give every resident £1,000 in bitcoin. Mayor Jayson Stewart is raising money to give each of the town's 1,500 residents a bitcoin donation, however, the locals are required to keep the coins they receive.

The Financial Reporting Council (FRC) has announced sanctions against Big Four accountancy firm EY and audit engagement partner Mark Harvey in relation to the statutory audit of the consolidated financial statements of bus company Stagecoach Group plc. The sanctions concern the audit conducted by th

Money lender Amigo Loans has warned that it may not survive after setting aside £345 million for mis-selling claims. The company, which offers money to those with poor credit ratings, also revealed that its annual losses rose to £284m, compared with £38m in 2020.

The Orkney Cheese Company Limited in Orkney has secured up to £370,000 investment from Highlands and Islands Enterprise (HIE) to upgrade its cheese production facility. The firm is investing in a £925,000 refurbishment project, which is set to increase production, create jobs and help th

Edinburgh-based dental technology company, Calcivis, is preparing for a US launch with a restructuring of its board and the successful completion of its latest £1.52 million funding round. Calcivis has developed the world’s first biotechnology-based dental imaging system and has been par

Justin Trudeau, the prime minister of Canada, has promised to block overseas property investors if he is re-elected as the country's leader. He has vowed to impose a two-year ban on foreign home buyers if he is re-elected, in a bid to address the affordability of homes in Canada.

A testbed mobile network, developed at the University of Glasgow with £1.6 million of funding from the Scotland 5G Centre, is creating a new ‘super immersive’ learning experience which is attracting worldwide attention as a game changer for the industry.

NatWest Group has launched a new 'housemate' app to help renters manage shared bills. The new digital tool will allow house sharers to split bills and could help them build their history with NatWest’s data partner, Experian.

Cupar and Wishaw will become the latest homes of the Whopper, with a brand-new Burger King restaurants opening their doors in the  creating around 60 new job opportunities in both areas.