News

Rapid reform is required as more than three quarters of firms are struggling to recruit new staff, says the British Chambers of Commerce (BCC). New data released by the BCC show that the construction, manufacturing and hospitality sectors are facing the most severe shortages and firms’ re

Lloyds Banking Group has announced its new Sustainability Finance Framework, outlining support to help housebuilders access finance to build more homes with higher sustainability standards. The framework sets out how the group will help housebuilders access finance to build more sustainable homes th

A new strategic advisory firm headquartered in Aberdeen has been formally launched today. True North, created in a partnership between Geoff Aberdein and Fergus Mutch, specialises in public policy insight, advocacy expertise and impactful communications strategies for a range of businesses and

An HR business founded in Edinburgh has doubled in size since joining the AAB Group 12 months ago. Purpose HR was founded by Lisa Thomson in 2014 and in July 2021 the business joined AAB Group.

A distillery in New Hampshire is fighting back against invasive crabs by turning them into whiskey.

New data shows that small businesses founded at Scottish universities accounted for the highest number of equity investment deals to UK spinouts last year, according the British Business Bank. Of the 211 equity deals involving spinouts across the UK during 2021, 44 (21% of the total) came from Scott

Johnstons of Elgin has reported a pre-tax profit of £3.9 million after a 28% rise in sales for the last year. The family-owned textile firm has a positive outlook as the business is expected to recover to pre-pandemic levels this year. However, the positive outlook comes with expectations of p

In an unusual appeal, the liquidators of Glencraft are urging creditors to get in touch to register their claims. A substantial legacy left to the Royal Aberdeen Workshops for the Blind and Disabled, which traded as Glencraft since 1873 on Wellington Road in Aberdeen prior to entering liquidation in

A Dundee gym has closed down this week due to financial difficulties.

Scottish-based rocket company Skyrora has opened a new rocket engine manufacturing and production facility, the largest of its kind in the UK. After recently opening its engine test facility in Midlothian, this new facility in Cumbernauld allows the company to concentrate its launch development prac

The auditor of now-collapsed Laura Ashley, UHY Hacker Young (UHY), has been fined £300,000 by the Financial Reporting Council (FRC) for failing to highlight serious financial issues at the design company and its imminent danger of collapse. The FRC issued a Final Settlement Decision Notice and

Weak growth in the global economy looks the most likely outcome for the rest of 2022, according to the latest edition of the Global Economic Conditions Survey (GECS) from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA). The Q2 GECS, conduct

Edinburgh-based company Codebase has been awarded a contract worth up to £42 million to establish seven new tech scaler hubs across Scotland. First Minister Nicola Sturgeon announced the Tech Scaler contract, which is one of the largest investments by the Scottish Government into Scotland

Audit, tax and consulting firm RSM UK has sponsored a prize which recognises the top student in Financial Accounting Stage 2 on the BA (Hons) Accounting and Finance degree programme at Robert Gordon University. Second-year student Arran Robertson was awarded the prize, after achieving the highest ov

The office market in Aberdeen has seen a stable recovery, from the effects of the pandemic, in a relatively positive first half. Last quarter with another 60,000 sq. ft. of space has been transacted, according to Knight Frank.