News

The Bank of England has increased the interest rate for the third time in four months, with rates rising from 0.5% to 0.75%. The increase means that rates are now at their highest level since March 2020, when COVID-19 lockdowns were first implemented.

P&O Ferries is facing increasing criticism after the company sacked 800 of its employees yesterday, without giving them any notice. The UK Government has since said it would review its contracts with the firm after the decision was announced.

Grant Thornton UK's Corporate Finance team has advised on its second Scottish EdTech deal in as many weeks, as Giglets Education has been acquired by Swedish private equity-backed ILT Education.

Scottish-headquartered holiday rentals business ClearWater Retreats has launched a new reforestation and rewilding programme that will enable UK SMEs to purchase affordable woodland as part of their efforts to offset carbon and tackle climate change.

Property investment and development company CEG has managed the acquisition of 33 Cadogan Street in the heart of the central business district of Glasgow.

The Scottish Conservatives have revealed plans for an ‘Open the Books Bill’ to increase the financial transparency of the Scottish Government.

Auction houses Christie's, Sotheby's and Bonhams have cancelled sales of Russian art. Auctions were due to take place in London in June and November, in a period known as "Russian Art Week".

Scottish consumers are set to spend an extra £1,100 on energy and food due over the next year, due to cost the of living crisis, according to the latest Consumers in Scotland report conducted by consumer champion Which?. Which? carried out extensive research with more than 1,000 people in Scot

The developers behind a proposed £15 million Stirling distillery and visitor centre have said they are still committed to the project despite being “extremely surprised” by Stirling Council's decision to reject the planning application.

Scottish businesses seeking cash to fund investment, or ease working capital or trading problems, are being encouraged by Azets, the regional advisor to SMEs, to apply for the ‘hugely attractive’ Recovery Loan Scheme (RLS) before it ends on 30 June. The Recovery Loan Scheme offers busine

The Tayport Distillery has announced that its 1992 Raspberry Liqueur won Gold at the International Wine and Spirits Competition.

Scotland's chief statistician has released statistics showing that the economy grew by 1.3% during the fourth quarter of 2021.

Dundee and Angus College, Dundee-based Tronius and Michelin Scotland Innovation Parc (MSIP) are joining forces to position the city as a driving force in skilling and upskilling the workforce to help Scotland achieve net-zero. Jamie Duffy, Tronius, Gill Simpson, MSIP, Caryn Gibson, Dundee and Angus

A report published by Audit Scotland and the Accounts Commission has highlighted the scale and pace of the emergency business support from the Scottish Government in response to the coronavirus pandemic. The report highlights how the Scottish Government was able to maintain clear priorities of targe

A court has heard that Ed Sheeran and his co-writers of the song Shape of You are earning around £5 million a year from the song, despite nearly 10% of the payments being frozen.