News

AAB has announced that Goldman Sachs Alternatives has agreed to acquire the firm from private equity investor August Equity, pending regulatory approval. The transition marks a significant milestone for AAB, reinforcing the firm’s trajectory of sustained growth while ensuring continuity for cl

The Federation of Small Businesses has warned Aberdeen’s Visitor Levy proposals represent a gamble with the city’s ambitions to establish itself as a leading tourist destination. Responding to Aberdeen City Council’s consultation on its Visitor Levy plans, FSB said the proposed 7%

Edinburgh-headquartered fintech Aveni AI welcomed a group of industry leaders yesterday from the UK’s wealth management and financial planning sector to an exclusive forum, to discuss how artificial intelligence (AI) will transform the future of financial services. Bringing together C-level le

Increased HMRC activity could be causing the recent rise in Scottish company liquidations, according to an Aberdeen insolvency specialist. New figures from Creditsafe showed 141 new Scottish administrations and liquidations in May – the highest number since December 2022 when 142 cases were re

The co-founders of Highlands and Islands based electrical and renewables experts IDM Energy have been jointly named finalists in the national 2025 Allica Bank Great British Entrepreneur Awards. Iain Macphail and Kyle Smith have been shortlisted in two high-profile categories including the prestigiou

Azets has appointed John Kean as a new private client tax partner based in the firm’s fast-growing Edinburgh office. Mr Kean has 15 years’ experience advising private clients, partnerships, trusts, estates and entrepreneurs on their personal and wealth management tax strategies. His exte

Tom MacLennan and Chad Griffin, of FRP Advisory and joint administrators of Countesswells Development Limited (CDL), have secured the sale of the land and certain assets of CDL to Ogilvie Homes Limited. The Countesswells Development is located to the West of Aberdeen and was placed in administration

Thousands of Norwegians were mistakenly led to believe they had become millionaires last Friday after the state-owned gambling company, Norsk Tipping, issued notifications for wildly inflated Eurojackpot winnings. The colossal error stemmed from a currency conversion fault, where prize amounts were

A new fund has been established to support businesses on several Scottish islands adversely affected by recent ferry disruptions. Businesses from eligible sectors on South Uist, Colonsay, North Uist, Eriskay, Benbecula, Berneray, Grimsay and Arran can apply.

The Scottish Government has allocated £800,000 from its Ecosystem Fund to support 28 projects aimed at fostering business creation and growth across Scotland in the 2025/26 financial year. The initiatives are designed to cultivate entrepreneurial ambition, capability, and networks for both cur

Fraser Sinclair has taken over Williams Windows & Doors as CEO and business owner following the successful acquisition of the company from its founder, William Traynor. Founded nearly three decades ago, the Clydebank-based business has long-standing relationships with both trade professionals an

Scotland’s commercial property market attracted £750 million of investment in the first half of 2025, as investment markets paused for thought amid geopolitical tensions and a changing policy backdrop, according to new analysis from Knight Frank. The independent commercial property consu

The Scottish commercial property investment market presented a complex picture in the second quarter of 2025, with headline figures masking a more subdued reality, according to Lismore Real Estate Advisors. Transaction volumes in Q2 appear relatively healthy at £296 million, representing an in

UK financial services leaders are calling on global investors to take a fresh look at Scotland’s key sectors in advance of Scotland’s global investment summit. The summit will take place in Edinburgh this October, hosted by Scottish Financial Enterprise and the Lord Mayor of London.

PwC is to make approximately 175 junior auditors in the UK redundant in a notable shift to compulsory job cuts within its audit division. The move, scheduled for August 2025, comes in response to challenging market conditions and a significant fall in voluntary staff departures.