News

A microscopic handbag, painstakingly modelled on the Louis Vuitton's famous OnTheGo tote, recently fetched a staggering $63,750 (around £50k) at an auction hosted by Joopiter, an online auction house established by Pharrell Williams. Uniquely crafted by the New York-based art collective MSCHF,

Just Enterprise, a collective of 11 Scottish social enterprise support organisations, has received a £4.75 million grant from the Scottish Government to help bolster financial resilience and growth within the social enterprise sector The four-year initiative will provide early stage social ent

Leap Automation has been announced as the Scottish champion of KPMG's annual UK Tech Innovator competition, which shines a spotlight on the game changers, difference makers and tech titans of tomorrow. The Aberdeen-based business won for its ground-breaking use of artificial intelligence (AI) and ma

EY has recently promoted 267 senior staff members to partner status, marking a 10% increase in its partnership cohort, which now numbers 1,683 in the UK. This move underlines EY's ambitions to prioritise growth and respond to escalating client demand. However, less than half (42%) of the newly promo

Scottish engineering and consulting firm Wood Group has secured a two-year contract extension, worth approximately £197 million ($250 million), with Brunei Shell Petroleum (BSP), the largest energy producer in Brunei.

Property investment manager Henderson Park and hotel operator Klarent Hospitality have acquired the 120-year-old Caledonian Waldorf Astoria hotel in Edinburgh for a reported sum of £85 million. Previously owned by Twenty14 Holdings, an arm of Abu Dhabi-based LuLu Group International, the deal

Moray West, a significant offshore wind farm development, has secured a £95.5 million loan from Barclays to support the next phase of the project’s construction as part of a wider syndicated £2 billion loan injection which closed in April 2023. Moray West is situated 22km off

The former finance director of construction outsourcing firm Carillion, Zafar Khan, has been disqualified from acting as a company director for the next 11 years due to his role in misrepresenting the firm's financial health and sanctioning unwarranted dividends. The ban was confirmed by the Insolve

Gilson Gray has promoted two experienced lawyers to partner. Michael Anderson and Cheryl Edgar previously held legal director positions in the residential property team and are based in the firm’s offices in Edinburgh and East Lothian, respectively.

Brodies LLP has announced its 13th consecutive year of growth – posting record revenue of £106.25 million. With revenue growth for the financial year to 30 April 2023 up 8% from £98.5m the previous year, operating profit also increased by 6% from £46.1m to £48.6m.

International advisory firm Quantuma has appointed Craig Morrison as a managing director for its growing Scottish practice. Mr Morrison, an experienced restructuring expert, will operate out of Quantuma’s new Edinburgh office, marking the company's second Scottish base and its 18th across the

Edinburgh-based bid management firm AM Bid has been acquired by Bidding Limited, a provider of bid consultancy and software solutions for an undisclosed sum. The acquisition is aligned with Bidding Limited's goal to expanding its market reach across all sectors, boosting its service offerings and en

Scotland is witnessing a steady decline in entrepreneurial confidence, with a notable fall in youth entrepreneurship and a diminished interest in entrepreneurship as a career path, a new report has revealed.  The survey for the Global Entrepreneurship Monitor 2022/23 report, carried out by rese

In a charity fundraising effort, a team from Scottish Friendly has triumphed in the National Three Peaks Challenge, which involved conquering the highest mountains in Scotland, England, and Wales in under twenty-four hours. The team, including Alan Rankine, Brian Tonner, Colin Sergeant, Jason Arnste

Economic development and community wealth building expert Neil McInroy has been appointed as the new chair of the Economic Development Association Scotland (EDAS). Succeeding Liz McEntee – who stepped down earlier this year following the end of her three-year term – Mr McInroy