News

Mitchells & Butlers, advised by Savills, has completed an off-market acquisition of the Charwood Bar and Grill on Buckstone Terrace in Edinburgh from a private seller. The UK operator of restaurants, pubs and bars will reopen the 6,000 sq ft site later in 2026 as a Miller & Carter Steakhouse

Fund and asset manager Thriving Investments has announced the appointment of Ed Crockett as fund manager for its £260m New Avenue Living fund, strengthening the platform’s continued growth across Scotland and Manchester. New Avenue Living is Thriving Investments’ essential worker h

The provisions of a new Housing Bill in Scotland can help the country to deliver as many as 15,000 additional Build to Rent (BTR) homes over the next few years, building on the 5,000-plus that are already in place, according to property firm Rettie. In what is seen as a major boost for BTR in Scotla

Trident Maintenance Services Ltd, a well-established provider of building maintenance, refurbishment, and improvement services across England and Scotland, has been acquired by Cardo Group. Founded with a clear vision to deliver a more people-focused, collaborative approach to service delivery, Trid

Independent insurance broker, TL Dallas, which has seven offices across Scotland, has appointed Tim Mortimer as its new chief executive, as the fourth-generation family firm positions itself for the next phase of managed growth. Group managing director and fourth generation family member, Polly Stav

Insurance apprentice Ethan Cheung is in the running for a national award after taking a proactive approach to protect his business by supporting staff and helping customers. The 24-year-old, an integral part of global insurance firm AXA Insurance's Commercial Direct team, has been shortlisted in the

UK inflation has eased to 3% in January, reaching its lowest level since March 2025 and sparking renewed debate over the timing of a Bank of England interest rate cut. According to the Office for National Statistics (ONS), the slowdown from December's 3.4% was primarily driven by falling petrol pric

The House of Commons Committee of Public Accounts has published a scathing assessment of National Savings & Investments’ (NS&I) Business Transformation Programme, labelling the multi-billion-pound initiative a "full-spectrum disaster". Originally launched in 2020 as Project Rainbow to

BAE Systems has reported a robust financial and operational performance in its 2025 full-year results, underpinned by a record order backlog of £83.6 billion. Amidst escalating global security challenges, the company achieved a 10% increase in sales to £30.7bn and a 12% rise in underlyin

BDO UK and BDO Ireland have exchanged contracts following a successful partner vote for the proposed merger of the two organisations. Completion is expected in Spring 2026, subject to regulatory approval.

AAB has appointed Lorraine Quinn as partner and head of audit for its Glasgow office. Ms Quinn joins AAB from PwC, during her tenure, she led complex audit engagements for a diverse portfolio of clients, supporting businesses across a range of sectors with high-quality assurance, regulatory complian

A former HSBC executive has been narrowly spared jail after orchestrating a systematic rail fare fraud that saved him nearly £6,000.

Early seasonally adjusted estimates for January 2026 have revealed that there were 2.45 million payrolled employees in Scotland, representing a 0.2% decrease of 6,000 people compared to the previous year. While this decline is notable, it remains more resilient than the wider UK figure, which saw a

The Private Business Awards 2026, sponsored by BDO, have officially launched, with nominations now open to private or PE-backed businesses in Scotland with a turnover of over £10 million. The second year of the awards programme, which serves to celebrate the businesses that drive UK economic g

The Scottish business landscape showed signs of marginal stabilisation in January 2026, with registered company insolvencies falling by 1% compared to the previous year. A total of 74 insolvencies were recorded during the month, consisting of 42 creditors’ voluntary liquidations and 32 compuls