News

Zelf Hussain, Rachael Wilkinson and Peter Dickens of PwC have been appointed as joint administrators of Carpetright Ltd. On appointment, the joint administrators completed a sale of 54 stores and two logistics hubs to CWHP Ltd, part of the Tapi Group. The transaction includes the transfer of 308 emp

FinTech Scotland has announced the launch of the 7th Annual FinTech Scotland Festival, running from 25 September 25 to 4 October 2024. This year's festival promises to bring together the dynamic and collaborative Scottish fintech community, showcasing its growth, innovation, and energy. Attendees wi

Together Housing Group (THG), a social housing provider in the North of England, has secured a £50 million loan from the Royal Bank of Scotland to upgrade its 38,000 properties

EV infrastructure supplier FOR EV has further expanded its team with the appointment of Graham Neill as chief financial officer. Supporting businesses in their transition to electric fleets through its bespoke ‘FOR Fleets’ proposition, FOR EV is paving the way for sustainable change acro

Tata Steel’s business support subsidiary, UKSE, has appointed Marc Davey as regional executive, strengthening its investment team in Scotland. Mr Davey brings a wealth of business advisory experience, joining UKSE from Business Gateway West Lothian, where he worked with clients across sectors

A pair of John Lennon's glasses are to be sold at auction at the end of this month.

Edinburgh has reclaimed its position as the top UK city outside London for foreign direct investment (FDI), surpassing Greater Manchester, according to a new study.

Tomatin Distillery has reported a decrease in pre-tax profits to £10.2 million for the year ending December 2023, despite a slight increase in turnover to £31.4m. Managing director Stephen Bremner attributed the decline to a slowdown in consumer spending on whisky, driven by high interes

Burness Paull has advised longstanding client FOR EV on a project that saw the electric vehicle infrastructure provider install two major charging hubs at Network Rail Scotland’s operational depots in Irvine and Cowlairs, near Glasgow. The hubs have been tailored to Network Rail Scotland&rsquo

A Kilsyth-based tourism company has expanded its services and successfully increased its customer base by 40% after the business owner accessed expert support and signposting to funding from Business Gateway. Founded by Alastair Ewen in 2016, Aspen Outdoors is committed to sharing the very best of S

HM Revenue and Customs (HMRC) has awarded Capgemini a contract worth up to £574 million to manage its legacy tax systems until 2029. Extending the French professional and IT service firm's involvement with HMRC, the new contract covers the enterprise tax management platform (ETMP) and enterpri

Global professional services firm Aon plc has bolstered its Edinburgh team with a promotion and two new hires. Steven Black, who has 22 years’ industry experience, has been promoted to head of office. He assumes overall responsibility for the firm’s Edinburgh office and the 12-strong cor

The Competition and Markets Authority (CMA) has approved Nationwide Building Society's £2.9 billion acquisition of Virgin Money UK.

Fake olive oil worth almost $1 million (c. £767,000) has been seized from an alleged criminal gang in Italy. Italian police arrested seven people and raided more than a dozen garages and warehouses in the major overnight operation last week, CNN reports.

The Lieutenant Governor of Oklahoma, Matt Pinnell, has held a series of high-profile meetings with the Scottish business community as part of a trip aimed at improving transatlantic business relations, promoting investment opportunities for Scottish businesses throughout the state of Oklahoma.