News

AAB has been named as the most prolific financial adviser in the Scottish M&A market in the first half of 2024. There were a total of 196 transactions with a total value of over £3bn in the first six months of the year, according to the latest Experian United Kingdom and Republic of I

Addleshaw Goddard remained the top legal adviser for mergers and acquisitions (M&A) in Scotland in the first half of this year, according to the latest Experian United Kingdom and Republic of Ireland M&A Review. The firm advised on 11 deals, ahead of CMS, which took second place with ei

The largest Scottish river pearl found in living history is expected to net up to £60,000 at auction this month. The Abernethy Pearl, found in 1967 by Scotland’s last pearl fisherman, William (Bill) Abernethy, will be auctioned by Lyon & Turnbull on Wednesday 21 August.

Financial services leaders in Scotland are more positive about the sector’s future growth under the new government, according to KPMG’s latest UK Financial Services Sentiment Survey. The quarterly poll, which was conducted after the general election, tracks sentiment among over 150 leade

Glasgow City Council's executive director of finance, Martin Booth, is to step down at the end of the year. Mr Booth, who has held the post since May 2018, said it had been "a privilege to work for the city" but wanted to "think about focusing on something new", according to The Herald.

Barclays has become the new title sponsor for Scottish Women’s Football national leagues.

Julie Tait of Grant Thornton UK LLP has been appointed as provisional liquidator of Atherton Corporate Rescue Limited. Provisional liquidators have been appointed to connected companies Atherton Corporate (UK) Ltd and Atherton Corporate Rescue Limited, which offered a service to facilitate the sale

Networking and connectivity solutions provider Commsworld has secured a new contract worth £35 million over five years to provide network services to Glasgow City Council. Under the contract, one of the largest in the Scottish-headquartered company's history, Commsworld has responsibility for

Independent financial advisory firm Interpath has announced that James Dewar and Joyce Thomson have successfully obtained their insolvency permits. The pair now join Interpath's head of Scotland Alistair McAlinden and managing director Geoff Jacobs as the firm's Scottish corporate insolvency practit

The new UK government has cancelled a planned retail share sale of its remaining stake in Royal Bank of Scotland-owner NatWest.

One year after the 10.1% hike in alcohol duty, gin and whisky makers say the boom industry has been stifled. The August 2023 hike, the largest in almost 50 years, saw prices rise significantly. ONS data reveals the average price of red wine increased by 8%, gin by 6%, and fortified wine by 17%, acco

Global accountancy body ACCA has called for the Scottish Government to increase the threshold at which charities have to complete an audit, to relieve time and cost pressure on hard-pressed charities. ACCA highlighted some of the problems facing charities requiring an audit, with smaller charities p

The Bank of England's Monetary Policy Committee (MPC) has voted to reduce the base interest rate by 0.25 percentage points to 5%. The decision passed with a 5–4 majority vote, with four members favouring a further rate hold. Jill Mackay, savings specialist at Scottish friendly, highl

Turnover at Gillespie Macandrew has increased 5.5% to £17.7 million as profits reached £5.25m, its latest financial results show. Progress was driven by strong results in each of the firm’s four core sectors, land & rural business, energy, private client and commercial rea

BTO has promoted Michael Cox to partner in the firm’s corporate team in Edinburgh. In his new position, Mr Cox will continue to focus on all aspects of corporate law with a specialism in M&A.