News

A national centre for advanced semiconductor packaging is set to be established in Scotland, aiming to create 300 jobs and generate an estimated £800 million in additional revenue for businesses. The new hub is backed by a £160m UK government investment in Glasgow City Region Innovation

East Lothian Council must enact significant reforms to its public services as it contends with the dual pressures of rapidly growing younger and older populations and a looming £46 million budget shortfall, the Accounts Commission has warned.

The University of Dundee is facing a renewed crisis after its interim chief finance officer, Chris Reilly, resigned just eight days into his tenure.

A North London man who rents a room in a house shared with seven other people has won a life-changing prize worth £736,000 – including a luxury four-bedroom home and a brand-new BMW M4.

Chancellor Rachel Reeves is anticipated to announce a significant overhaul of the UK's savings landscape in her Mansion House speech on 15 July, with plans to reduce the annual tax-free allowance for cash Individual Savings Accounts (ISAs). The move is part of a UK government strategy to encourage s

Glasgow-based cloud computing firm iomart Group has successfully refinanced its banking facilities, securing a new £115 million revolving credit facility. The company also announced a delay to the publication of its full-year results and a significant non-cash impairment charge.

Glasgow-based whisky giant Edrington, owner of The Macallan, has reported a significant downturn in its financial performance, with pre-tax profits slumping by 26% and core revenue falling by 10% in the year to the end of March. The company saw pre-tax profits fall to £274.4 million and revenu

Hopes for the future of 400 jobs at Alexander Dennis (ADL) in Falkirk and Larbert have been extended, after the bus builder agreed to a fortnight’s extension of the consultation period on the proposed closure of its Scottish manufacturing sites. The new deadline for the consultation, which was

Scottish mid-sized businesses are optimistic about plans to export overseas in the next year, despite recent turmoil in global trade and tough economic challenges, according to BDO. The firm's survey of over 500 mid-sized businesses reveals that more than half (54%) of companies are confident about

Serious bullying and harassment in financial firms qualify as misconduct, under rules confirmed by the Financial Conduct Authority (FCA). Previously, it was often unclear when these types of behaviours would amount to a conduct rules breach in a firm other than a bank.

Amanda Wrathall has been appointed as the new chief executive of the Edinburgh International Conference Centre (EICC), commencing her role on 1 August. With over 30 years in the hospitality and tourism sector, including a decade as sales and marketing director at the EICC, Ms Wrathall has been instr

Santander has agreed to acquire TSB in a deal worth £2.65 billion.

B Corp certified accountancy firm Cooper Parry (CP) has named Oliver Vaughan as its new chief financial officer. Mr Vaughan brings with him a wealth of experience in financial leadership, strategic growth and operational excellence. With a career spanning over two decades, Mr Vaughan has held s

US energy giant Chevron has confirmed it will close its Aberdeen office, bringing its 55-year history in the city to an end.

A man who convinced thousands of followers that he was the reincarnation Christ has been imprisoned in Russia. Sergei Torop, a former traffic cop, founded the "Church of the Last Testament" in 1991 and recruited thousands of members in Siberia.