News

Typical household disposable incomes for working-age families are on track to fall by 3% this financial year, and by 4% next year, with the two-year cost-of-living squeeze set to leave families £2,100 worse off and only the very richest households seeing their incomes rise, according to new re

STC INSISO has transitioned Steve Holmes to the role of chief operating officer following his two-year tenure as chief performance officer. The Aberdeen-headquartered problem-solving company, announced the change to its executive leadership team as it prepares for accelerated business growth in 2023

Construction has begun on a 49MW/98MWh standalone energy storage system near Abernethy, Scotland, after Santander UK provided £12.5 million in funding for the project. The Jamesfield development is a joint venture between global clean energy enterprise, TagEnergy, and Harmony Energy, following

In one of its first transactions of the year, law firm Harper Macleod has advised Connelly Group Holdings on its acquisition of Renfrewshire safety and security business Brookfield Alarms. Connelly Group Holdings – known by its Connelly Security Systems brand – was established in Bishopb

Law firm Pinsent Masons' Scottish corporate team looks back on 2022, having advised on deals worth billions of pounds in various sectors, and discuss the outlook for the year ahead. The stand-out deal in the last 12 months was Ithaca Energy’s £2.5 billion listing on the main London Stock

DM Hall, a Scottish independent firm of chartered surveyors, has appointed Martin Elsby and Ian Davidson as partners. The appointments of Mr Elsby, who was formerly director of the firm’s national building consultancy, and Mr Davidson, formerly director of DM Hall’s E

Energy storage company Gravitricity is seeking up to £40 million in funding after it signed a memorandum of understanding with construction firm VSL Systems UK to design underground hydrogen stores, known as FlexiStores, which could be used to fuel the UK's green economy. The UK could see the

University projects from Edinburgh and Aberdeen have each secured £75,000 in funding from Scottish Enterprise’s high growth spin-out programme (HGSP) to support renewable energy. An innovative project from the University of Edinburgh that is developing heat exchange technology for marine

A man has been arrested and charged with stealing over $300,000 (£253k) in a scheme that was inspired by the movie Office Space. According to the affidavit, Ernie Castro, from Seattle, began running a series of schemes starting in February, after working at the company Zulily for three ye

Economic confidence has risen slightly in December to -58, up from -64 in November, according to the IoD Directors’ Economic Confidence Index, which measures business leader optimism in economic prospects. There were also slight improvements in expectations for revenue, employment, investment

Making use of a little known piece of government legislation, Ashton McGill has come up with an innovative way of helping staff with the cost of living crisis whilst supporting the local economy. The Dundee-based firm will give their team Scotland Loves Local Gift Cards, which can be spent with loca

Nucleus Financial has offered to acquire Curtis Banks Group for a sum of £242 million. The transaction will bring together the Nucleus Group, a firm with offices in Edinburgh, Glasgow and Salisbury, and the Curtis Banks Group to create a leading retirement-focused adviser platform with approxi

Edinburgh and Glasgow are set to see their local economies be amongst the fastest growing as the UK emerges from recession in the second half of 2023, according to a new study by law firm Irwin Mitchell.

Investors poured over £450 million into retail properties in Glasgow last year, despite the cost-of-living crisis, record low consumer confidence and hybrid working affecting city centre footfall, according to CoStar Group.

Shell has announced that it will face a $2 billion (£1.7bn) liability in the fourth quarter of this year due to windfall tax measures in the UK and EU.