News

Japan's Mitsui & Co. has penned a deal to acquire Aberdeenshire-based pipeline integrity solutions provider STATS for an undisclosed sum. The acquisition combines Aberdeenshire-headquartered STATS with Mitsui’s Iron & Steel Business Unit, with the closing of the transaction expected in

Scotland's investment market in Q2 2023, characterised by a downturn of 35% on 2023 figures but still 6% above the five-year average, has witnessed a significant number of retail deals despite macroeconomic uncertainties, according to a review by Lismore Real Estate Advisors. The firm's review of th

PwC has announced 226 promotions across Scotland, including one equity partner and 12 director appointments. Reaffirming the big four firm's commitment to Scotland, the promotional spree includes all service lines across its three Scottish offices.

Gillespie Macandrew has announced the appointment of corporate partner and accredited charity law specialist Alan Gilfillan. Having previously completed his legal traineeship with Gillespie Macandrew, he now re-joins the firm from Balfour and Manson with 13 years’ experience advising busi

Characterised as “more complicated and expensive”, Scotland's housing market is predicted to see sales decrease by around 15% over the year and average house prices expected to drop by 5%, according to Rettie & Co.'s Summer Briefing Report.

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.