News

Zetland Capital Partners LLP, a London-based private equity firm, has agreed to acquire the 156-bedroom Macdonald Holyrood Hotel and the 338-bedroom Macdonald Manchester Hotel from Macdonald Hotels & Resorts. The acquisition, for an undisclosed sum, is one of the largest hotels transactions comp

International engineering and construction company PD&MS Group has further expanded its customer portfolio, securing a significant modifications contract with Dana Petroleum which is expected to create up to 80 jobs at its Aberdeen base. The contract, which is for an initial three years wit

Scottish fintech Miconex has launched a Secret Santa campaign whereby employees can nominate a colleague for a chance to win a £250 Town & City Gift Card, as part of efforts to encourage organisations to think local with their rewards and incentives this Christmas. Any corporate customer p

Two American tourists have been fined €800 for breaking into the Colosseum to enjoy a beer.

JAD Joinery, the Edinburgh-based construction firm which recently filed for liquidation, has left creditors facing nearly £1 million, according to a newly published report from Interpath Advisory. The Interim Liquidators’ Report shows that the construction business owes its creditor

Aberdeen-based Acumen Financial Planning has been named as a Citywire New Model Advisor (NMA) Top 100 Firm for the fifth consecutive year. Acumen Financial Planning was recognised among the best of the financial planning community in the UK by NMA, which scores firms against a rigorous point-scoring

Murray Capital Group, the private investment office of the Murray family, has filed its annual accounts for the year ended 30 June 2021. Profit before tax at the Edinburgh-based firm was £9.8 million, up from an £11.6m loss during the previous reporting period.

Moray-based whisky specialist Gordon and MacPhail has appointed Ben Cookman as its new finance director.

Strathclyde-based high growth IT group, Kick ICT, has secured an £8.7 million investment from BGF to support the Scottish firm’s ambitious growth plans, including further extending its reach and expertise across the UK. Tom O'Hara, Kick ICT's chief executive with group sales executive Al

Tax debt in the UK is more than double pre-pandemic levels, and the current staffing at HMRC is unlikely to be enough to manage the increased tax debt workload, according to a new report published by the National Audit Office (NAO). As the country went into lockdown in March 2020 HMRC paused most of

The Whisky Chairmen in Inverclyde is among 12 small businesses to be selected as champions of UK start-ups by Start Up Loans, part of the British Business Bank. Start Up Loans Ambassador for Scotland, Rory MacDonald, received a Start Up Loan of £13,000 through British Business Bank delive

Edinburgh Children’s Hospital Charity (ECHC) and Alzheimer Scotland are to share a donation of £38,000 from law firm Gillespie Macandrew.

A new report from the Financial Reporting Council (FRC) has set out the key elements required by audit firms to ensure they are delivering high quality audit. The FRC’s report, What Makes a Good Audit?, highlights the six key attributes that contribute to the running of high-quality audit prac

The return of Halloween has failed to lift retail figures, as total sales in Scotland increased by just 2.0% compared with October 2020, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

The Financial Conduct Authority (FCA) has proposed banning debt packager firms from being paid to refer customers on to other firms. Debt packagers are regulated providers of debt advice, who refer customers on to other providers of debt solutions. They rely on income from referral fees paid by thes