News

The UK's GDP grew 0.4% during May, leading experts to suggest the Bank of England may further delay a cut to the base rate.

Scotland accounted for almost one-fifth of all UK equity deals involving university spinouts in 2023, according to new figures from the British Business Bank. Published today, the Bank’s annual Small Business Equity Tracker also places two of Scotland’s universities among the UK’s

The Royal Yacht Britannia Trust has announced the appointment of Franck Bruyère as its new Chief Executive. Mr Bruyère, currently the trust's director of hospitality, brings over 25 years of global experience to the role, having worked in iconic hotels such as the InterContinental Pari

Chartered surveyors DM Hall has promoted two of its talented young professionals, Calum Allmond and Charlie Barrett, to director level. Charlie Barrett, based in DM Hall’s Edinburgh office from where he undertakes residential survey and valuation work, has a strong background in residential pr

Legal firm Shoosmiths, which has offices in Edinburgh and Glasgow, has announced its results for the 2023/24 financial year. The firm saw a 6% jump in revenue, up to £206.7 million from £194.1m last year. Its profits also climbed to £66m, a 5% increase from last year’s £

Armstrong Watson has become the first accounting firm in the UK to sign up as a member of The Institute of Customer Service. The growing accountants, business and financial advisory firm, which has 19 offices across Scotland and the North of England, is aiming to be recognised as "the best financial

Highlands and Islands Enterprise (HIE) has reported a strong year of investment and job creation, with over 1,200 jobs set to be created or retained in the region, including 82 jobs in fragile areas. The outturns for 2023/24 were achieved through a combination of financial and non-financial interven

PwC UK has informed its employees of reduced bonuses in certain divisions, smaller pay rises, and a cutback on the popular half-day Fridays perk due to "challenging market conditions". In a memo, chief people officer Ian Elliott told the Big Four firm's 26,000 staff that while the overall bonus pool

Scotland has maintained its position as the second most attractive location for foreign direct investment (FDI) in the UK, after London, securing a record 124 projects in 2023. According to EY’s Scotland Attractiveness Survey, this represents a 12.7% increase from the previous year, significan

Home sales in Scotland are expected to rise over the next three months despite a falloff in new buyer enquiries during June, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey.

A rare vinyl record by the Sex Pistols has sold for a record-breaking price at auction.

A prison in Brazil has swapped guard dogs for geese – which authorities say are cheaper and more effective. The São Pedro de Alcântara Penitentiary in Brazil's southern state of Santa Catarina recruited the nine "geese agents" late last year.

Begbies Traynor Group has reported its tenth consecutive year of growth, boosted by both a surge in small business insolvencies and a promising outlook for the property sector. The firm posted a pretax profit of £22 million for the year ended 30 April 2024, up from £20.7m the previo

Edinburgh-based risk prevention specialist Reactec has announced its busiest year on record – with a 40.9% increase in annual turnover to £5.58 million. The company’s accounts for the year ended 31 December 2023 showed a gross profit of nearly £3.8m and an operating loss

Qasim Ali has returned to Lindsays as an associate following a spell away from the firm and will be based at its Glasgow city centre offices. Mr Ali was previously a solicitor with Lindsays between April 2021 and August 2023. He has experience in all areas of corporate law, with clients including in