News

The governor of the Bank of England (BoE), Andrew Bailey, has suggested that the base rate will peak at 4.5%, down from a previously expected 6% or higher. The UK economy is will still enter a recession but the BoE's newest projections show that inflation is set to fall rapidly from spring.

An agreement to invest £100 million in the future economic prosperity of Orkney, Shetland and the Outer Hebrides was signed today in Orkney.

Wolseley Group has signed an agreement to acquire Kooltech, one of the UK’s large air conditioning specialists, as it continues to increase its portfolio of suppliers and distributors across the UK. The deal is expected to complete in mid-2023.

In December 2022, the number of Scottish businesses experiencing insolvency-related activity jumped over 32%, compared to the same period in 2021, according to new research from R3, the insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 142 c

23 businesses have started the latest edition of Highlands and Islands Enterprise's (HIE) Pathfinder Accelerator programme. The programme provides fast-track training and mentoring for entrepreneurs looking to build a company or launch a new product.

Seven young people have been appointed in a range of posts in the Outer Hebrides by Highlands and Islands Enterprise (HIE). The posts, which have all been filled in recent months, are based in Benbecula and Stornoway and have an important part in helping businesses and communities to develop and gro

Twitter's San Francisco headquarters has auctioned "surplus corporate office assets" during a 27 hour online sale. Auction house Global Heritage Partners managed the sale, which closed at 10am Pacific Time on Wednesday and charged a buyer's premium of 18%.

Spotless Commercial Cleaning Ltd has acquired of two rivals south of the border, which has bolstered its annual revenues and widened its UK customer base. The Edinburgh-headquartered company has taken over the Manchester-based Purity Group, purchasing its assets out of administration. The move furth

Three former lawyers and two other men who masterminded a £1.48 million bank and property money-laundering operation have been jailed for a total of 30 years and four months.

TLT has advised global private asset management firm Capital Dynamics on the sale of a 27.5MW operational onshore wind portfolio consisting of three assets located in Fife, County Durham and Bedfordshire. The sale formed part of Capital Dynamics’ realisation of Capital Dynamics Clean Energy an

Glasgow accountancy firm Wallace White has leased new offices in the heart of the city at 22-24 Blythswood Square from property firm Standard Real Estate (SRE).

Payment orchestration provider BR-DGE has revealed its plans for the coming year, from changes to its senior management team and a new appointment, to a deepening of its footprint in the retail sector, product strategy, and plans for further expansion. The Edinburgh-based firm is forecasting healthy

The Scotland and NI team of BGF has reported a strong year in 2022, delivering a series of exits and investing £42 million in the local growth economy. Notable deals in the last 12 months include leading an £8m investment alongside Scottish National Investment Bank into biopharmaceutical

Interpath Advisory has welcomed the arrival of director Tom Rawlinson, who has been appointed to lead the firm’s transaction services offering in Scotland. Mr Rawlinson, who joins the firm from FTI Consulting and who will be based out of the firm’s Edinburgh office, has over 12 years&rsq

The latest findings from a Scottish business survey by the Scottish Chambers of Commerce (SCC) has revealed that Scottish businesses and the economy are faltering under increasing cost pressures and declining business confidence. As a result, cashflow and profits are falling, investment decisions ha