News

The Consumer Prices Index has risen to 10.1% in the 12 months to July, the highest it has been since 1982. A 0.6% increase from 9.4% in June, now the highest level of inflation in 40 years, has surpassed economists' forecasts of 9.8%, worsening the cost of living crisis. Some experts speculate the B

A public consultation is seeking views on formal debt recovery mechanisms (diligence) and statutory debt solutions such as moratorium protection, bankruptcy, protected trust deeds and the debt arrangement scheme. The consultation, running until 7 October 2022, forms part of a wide-ranging review ann

Sage Group has agreed to acquire Lockstep, a provider of cloud native technology that automates accounting workflows between companies.

Iceland Foods has announced it will offer customers a flexible credit solution to reduce food poverty and help with the cost of living crisis.

Forres-based Speyside Brewery, which produced beers and lagers influenced by the area’s rivers and landscape, has announced it will be re-commencing production a few yards from its original site. The brewery paused operations when the pandemic hit but has since attracted new investment and is

Wylie & Bisset, accountants and business advisors, has been appointed as liquidator of Worksmart Contracts. Based in Kilmarnock with a 24-strong workforce, Worksmart is a commercial interior fit-out and refurbishment contractor for clients operating across a wide range of industrial sectors, inc

A £2.3 million project that will support 24 manufacturing jobs on the Isle of Skye and retain a key community facility has secured £441,000 funding from Highlands and Islands Enterprise (HIE). The Isle of Skye Candle Company has acquired the Aros Centre in Portree, which has served the l

Fewer than 20% of Scots homeowners paid over 83% of all house purchase tax according to analysis of the latest statistics by property firm DJ Alexander Ltd. The firm said that the latest Land and Buildings Transaction Tax (LBTT) data revealed that just 1790 (19.1% of the total) homebuyers paid &poun

Half of UK investors have either made alternative investments this year or are considering doing so by the end of 2023 as they seek inflation-beating options, new research from Shojin has revealed.

A Royal Bank of Scotland note dating from 1777, which is thought to be first tri-coloured note to be issued in Scotland, and possibly in Europe, will be sold by Mayfair-based auctioneers Noonans later this month in a sale of banknotes. The bank note, known as the 'Red Guinea', has been estimated at

Payit, NatWest’s open banking payments solution, has reached a milestone £1 billion in processed payments.

Young Enterprise (YE) Scotland has collaborated with the EY Foundation on its Your Future programme, providing work experience and inspiration to three young school leavers. The Your Future initiative, which is supporting 15 young people from low-income backgrounds in Glasgow to develop their employ

The Scottish Building Society has appointed Ian Wilson as its new chair following the retirement of Raymond Abbott, who has spent five years at the helm. During Mr Abbott's time at the Society, he has helped the organisation to navigate through unprecedented economic challenges to achieve record gro

Tech-enabled business critical service group, AAB, has announced that Mark Perry has joined the executive team as chief people and integration officer. Mr Perry's appointment at AAB follows his executive director position at Accelerate, which he held for the past decade.

Deloitte has put forward a plan to increase the income of Scottish Professional Football League's (SPFL) clubs from £28.4 million to £50 million by 2029. The plan to almost double the SPFL's distributable income comes after Deloitte's Sports Business Group was commissioned by the member