News

The Bank of England and HM Treasury released updates as the Pound fell greatly in value following the government's fiscal announcements. The Chancellor of the Exchequer, Kwasi Kwarteng, announced that he will outline further regulatory reforms to the UK’s financial services in the next mo

The Chartered Institute of Taxation (CIOT) has responded to the Chancellor’s announcement last week, that the UK basic rate of income tax will be reduced to 19p and the UK additional rate of income tax abolished from April 2023. These changes will not apply to Scotland, where the power to set

Scottish independent pharmacy operator Eastwood Pharmacy Group has acquired a new store in Airdrie thanks to a £5.7 million funding package from HSBC UK. The Glasgow-based firm is expanding after it used the funding to acquire McNish Pharmacy in Caldercruix, Airdrie, which has been part of the

A.G. Barr, the maker of Irn-Bru, has reported a 22.8% rise in pre-tax profits to £25.3 million from £20.6m in its interim results ending 31 July 2022. The profits were on revenues of £157.9m, a 20% rise from the same period last year on a like-for-like basis. The company announced

A village has come under the global spotlight after adopting a new "digital detox" from 7pm to 8.30pm every evening. A siren marks the beginning of the detox period in Mohityanche Vadgaon, a small village in India's western Maharashtra state, during which all people are asked to set aside their mobi

The Competition and Markets Authority (CMA) has fined Elite Sports, JD Sports and Rangers FC for a total of more than £2 million for colluding on price fixing of Rangers FC merchandise. The CMA found that Elite Sports and JD Sports broke competition law by fixing the retail prices of a nu

Blair Nimmo and Geoff Jacobs of Interpath Advisory have been appointed joint administrators of G.C.G. Shotblasting Services Limited. Operating from its Peterhead facilities for over 30 years, together with on-site activities at client sites, the Company provided critical services through protective

Highlands and Islands Enterprise (HIE) and Orkney Islands Council have approved a funding package totalling £2.8 million towards the second phase of development at Orkney Research and Innovation Campus (ORIC). The announcement was made last week as part of the official opening of the first pha

A new £1 million fund, administered by responsible finance provider Social Investment Scotland (SIS), has launched today aimed at helping charities, social enterprises and communities in the North East of Scotland who are supporting the region’s transition to net zero. Aligned to the Sco

TSB has warned of a rise in cost-of-living scams, as accompanying research revealed that a £500 fraud loss would leave three fifths of households struggling to afford food for over a week.

The 6th annual Scottish Start-up Survey has revealed that the nation’s tech companies are in a resilient mood in the face of concerns around economic headwinds.

Gen Z and Millenials are cutting their spending on hospitality and leisure activities as concerns over the cost of living rise, according to a new consumer survey from PwC.

New research published by KPMG has revealed how the rising cost of living has impacted household budgets so far this year, and the steps consumers are taking to manage rising prices. In early September, KPMG surveyed 3000 UK consumers of varying household incomes, finding that essential household co

Thenue Housing has announced the appointment of Barry Allan as its new director of finance, IT & resources. Barry Allan has joined Thenue to complete the senior management team.

A series of James Bond memorabilia is set to go under the hammer including the iconic DB5 Aston Martin from last year's No Time To Die. Part of a two-part charity sale which marks 60 years of James Bond,The car is expected to fetch somewhere in the region of £2 million. The proceeds will