News

In a move to strengthen Scotland's position as a European hub for startups, the Scottish Government has announced it will deliver a funding package worth £17.5 million this year.

Scotland is set to create its first two Investment Zones in the Glasgow City Region and the North East, with up to £160 million of targeted investment, tax reliefs, and other incentives being earmarked over the next five years. This joint initiative by the Scottish and UK governments aims to b

The Scottish economy has shown surprising resilience in 2023, outperforming expectations by avoiding a predicted shallow recession, according to a quarterly economic commentary published by the University of Strathclyde's Fraser of Allander Institute. Supported by Deloitte, the report provides an in

The survival of Scottish retail chain Wilkies has been secured through a sale of the business and certain assets out of administration. The sale was managed by Blair Nimmo and Alistair McAlinden from Interpath Advisory, who were appointed joint administrators Wilkies Limited on 29 June 2023.

The Financial Reporting Council (FRC) has imposed fines totalling £5.01 million on PwC and KPMG for audit failings in relation to Eddie Stobart Logistics (ESL), a logistics company listed on the Alternative Investment Market.

The Scottish Borders Council has confirmed the appointment of two new directors, Suzy Douglas, director of finance & procurement, and Nuala McKinlay, director of corporate governance, effective immediately. Mrs Douglas, who has been with the council since 1999, started her career as a graduate t

A construction worker has gained some online attention after sharing a story about how he got revenge against a former co-worker using $40 (£31) and some fake coins to make him believe he had struck gold. Redditor u/lrze403 works for a construction company that remodels homes that ha

The Scottish Government has established a Tax Advisory Group to deliver strategic advice on the tax system as part of its Medium-Term Financial Strategy. This move is aligned with a recommendation from the New Deal for Business. The newly-formed group consists of leading economists, academics, and r

James Watt, CEO of Brewdog, the brewery and pub chain headquartered in Ellon, Aberdeenshire, has expressed strong criticisms about the aftermath of Brexit, describing it as “tragic for UK business” and emphasising its detrimental effects on his own enterprise. Mr Watt shared his sentimen

The chairman of Springfield Properties has challenged Stirling Council on the "considerable delays" by planning officials to progress housing at Durieshill. Attending today’s Stirling Council meeting, Sandy Adam made a bold visual statement with an eight-foot figure of a sn

The new £7.5 million Uile-bheist Distillery and Brewery this week completed production of its full core range of craft beer. The facility, which doubles as a whisky distillery and offers a visitor experience, opened its doors in February and is powered by a sustainability centre that harnesses

Following a five-year tenure marked by record-breaking achievements, Thomas Moradpour is stepping down as president and CEO of The Glenmorangie Company to join luxury champagne brand Dom Pérignon, a fellow subsidiary of LVMH. He will be succeeded in post by Caspar MacRae, currently global mar

Four new businesses have been confirmed as tenants at Framework, a contemporary city centre workspace on 124 St Vincent Street in Glasgow. Real estate advisor CBRE, alongside joint letting agent Ryden, secured the new occupiers on behalf of Shelborn Asset Management, owner of the 36,460 sq ft of off

Scottish football club, Arbroath FC, has made headlines following a significant surge in their financial fortunes, tripling their annual turnover to £1.88 million in 2022. Despite the hurdles imposed by the Covid-19 pandemic, the club's rise to second place in the championship helped boost the