News

The number of companies in Scotland filing for administration has hit its highest Q1 rate since before COVID-19, according to figures from Interpath Advisory.

R&B Distillers has secured planning permission from Argyll and Bute Council to establish the Machrihanish Distillery in Campbeltown. Furthermore, R&B Distillers has acquired a controlling stake in Caskshare.com, an eCommerce platform and bottler specialising in single cask spirits.

A planning application has been submitted for a £10 million employment hub with industrial space for up to 10 businesses at Ravenscraig, one of Europe’s largest brownfield regeneration sites. The firm behind the development, Fusion Assets, was established by North Lanarkshire Counci

North-East accountancy and business advisory Hall Morrice has announced three senior promotions. Phil Bellringer and Mark Hay have been appointed as senior managers, while Ross Milne has been elevated to the position of manager.

Coventry Building Society has reached an agreement for a potential acquisition of The Co-operative Bank. The deal, valued at up to £780 million, follows exclusive talks between the two entities since mid-December. Pending definitive agreements, the acquisition is poised to reshape both institu

DM Hall’s expansion last year into the North of England with its acquisition of Cumbrian chartered surveying practice, Hyde Harrington, was officially marked this week with two launch events in Kendal and Carlisle. The Wine Bar in Lowther Street, Kendal and The Halston hotel in Warwick Road, C

A man who perpetrated a massive psychic mass-mailing fraud scheme which stole more than $175 million (around £140m) from over 1.3 million victims has been jailed for 10 years. Over two decades, Patrice Runner, 57, sent millions of letters purporting to be individualised, personal communication

Three-quarters of businesses in Scotland are concerned about inflationary pressures on costs and the impact this will have on them over the next 12 months. This was one of the key findings in the latest Family, Privately Owned and Owner-managed Business Survey by Armstrong Watson, which included a t

Ahead of the UK's biggest lenders reporting first quarter results, research from KPMG UK has shown that while banking executives in Scotland are optimistic about overall business growth and profitability in the quarter, inflation, interest rates and cost pressures are the biggest challenges that co

Financial mutual Scottish Friendly has added a guarantee at the maturity date of its Junior ISA (JISA) policy for with-profits investors, to help more UK families invest for their children’s future with some peace of mind. The JISA guarantee offers a minimum amount to be paid on maturity of th

Scottish sustainable seafood specialists MacNeil Shellfish has opened a cutting-edge distribution hub in Spain's northern city of Bilbao.

BRULO, an independent Scottish brewery crafting alcohol-free beers, has launched a 'Bitcoin Beer' to mark its adoption of a bitcoin strategy, as it adds Bitcoin to its balance sheet ahead of this week’s Bitcoin halving event. Inspired by the rise of Bitcoin as a digital asset, BRULO has seized

Dundee-based Alliance Trust has shifted part of its outsourced stock picking, from Jupiter Fund Management to ARGA Investment Management. This follows the January 2024 exit of Jupiter stock picker Ben Whitmore, who left Jupiter to start his own firm – Brickwood Asset Management.

Edinburgh has experienced its most successful year of living wage accreditations to date.

VisitAberdeenshire, the destination marketing organisation for Aberdeen and Aberdeenshire, has generated £500,000 of visitor spend as a result of a marketing campaign supported by Caledonian Sleeper. The digital campaign ran in October and targeted potential visitors living in the Greater Lond