News

A man has been arrested in connection with the theft of 21 tonnes of pistachios valued at more than $100,000. California man Alberto Montemayor, 34, of Montemayor Trucking, was arrested after an audit of Touchstone Pistachio Company found that 42,000 pounds of the seeds were missing.

The Financial Reporting Council (FRC) is seeking a £15 million fine against Big Four audit firm KPMG after a draft tribunal report highlighted misconduct in its sale of Silentnight to private equity firm HIG. The accountancy regulator is also pursuing a fine of at least £500,000 against

Accountancy and business advisory firm Johnston Carmichael is joining famous faces such as Dame Judi Dench, Sir David Attenborough and Sir Ranulph Fiennes in helping drive the UK’s green revolution as sponsors of the Conservation Without Borders ‘Round Britain Climate Challenge’. L

Scottish Enterprise has announced the appointment of Adrian Gillespie as its new chief executive. Mr Gillespie joins from the University of Strathclyde where, as chief commercial officer, he was Strathclyde’s executive team lead overseeing growth of their extensive industry facing activities a

Three UK investment management firms, Standard Life Aberdeen, Baillie Gifford and Stewart Investors, have collaborated with the charity Future Asset and the not-for-profit organisation Breaking Through Careers to develop an investment management podcast series. The series will break down industry ja

Stuart Robertson, partner and head of employment law at Gilson Gray, discusses the end of furlough and highlights why redundancy is not the only option for employers. With 30 September signalling the termination of furlough support from the UK government, barring any change of heart, it is inevitabl

The Supreme Court has found that an accounting firm that incorrectly advised a building society that it could use a method of accounting known as “hedge accounting” to handle volatility in certain payments had negligently cost the society £32 million for the cost of ditching the co

ActionCoach, the world’s largest business coaching organisation, has established a new and exclusive base in Edinburgh after securing a five-figure funding package from HSBC UK. The start-up, headed by Graham Clarke, a licensed business coach with 10 years’ experience working with B

Alasdair Steele, head of Scotland commercial at Knight Frank, discusses the investment appeal of retail parks in the UK. About a year ago, at the height of the first lockdown, few people might have predicted that the humble retail park would be among the ‘winners’ – for lack of a b

Edinburgh-based startup Fresh Mobile Car Valeting has embarked on a £1 million investment round and launched a new app as the car care start-up rapidly expands across the UK. The move comes as award-winning CEO Sam Brennan focuses on customers continuing to receive “the best possible ser

Independent business lender White Oak has announced that it has successfully provided £23.6 million to businesses in Scotland through the Coronavirus Business Interruption Loan Scheme (CBILS). The company has paid close to £400m to support UK SMEs throughout the pandemic.

Goldman Sachs is continuing its diversification process beyond investment banking with the addition of Transaction Banking (TxB) in the UK.  The move is the bank's first international expansion of a division that it added in the United States in 2020.

A project underway to upgrade the Busta House Hotel in Shetland has secured up to £194,000 from Highlands and Islands Enterprise (HIE) in the past year.

Virgin Money, owner of Glasgow-based Clydesdale Bank, has completed a new deal supporting Scottish Hydro Investment Limited (SHIL) in the acquisition of two operational hydro schemes from Guinness Asset Management.

Aberdeen-based STC INSISO has reported record revenues of £950,000 for the first quarter of 2021 since STC Global and INSISO merged earlier this year, putting them on course to achieve an annual turnover exceeding £2.5m. The business performance improvements firm has secured £1.5m