News

Highland-based Reid & Fraser Chartered Accountants has become Scotland’s – and possibly the UK's – first employee-owned full-service accountancy firm. All shares in the company have been played into an employee ownership trust (EOT), marking a significant milestone within the s

Accountancy firm Grant Thornton has been slapped with a financial sanction of nearly £720,000 in connection with failings in its audits of Interserve. Interserve, a major outsourcing company, went into administration in 2019 after financial restructuring plans drawn up by the company’s l

Edinburgh-based Par Equity has achieved a major milestone with more than £100 million invested in high-growth technology businesses. The company, which backs emerging technology stars across the north of the UK, reached the milestone in mid-October.

Business confidence in Scotland fell eight points during October to 31%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down one point at 38%. When taken alongside th

The Energy Assets Group, with two Scottish offices in Livingston and Stirling, has completed a £690 million refinancing package, including £185 million of Capex facilities.

Chartered accountants Wylie & Bisset has warned the self-employed of a "tax grab" buried in the tax impact notes behind Chancellor Rishi Sunak's headline Budget measures last week. While the Budget speech itself was relatively quiet on taxation measures, background documents set out much more co

Asia Dragon Trust plc, managed by abrdn, saw its net asset value rise by 20.5% in the year ending 31 August 2021, according to its annual results. It outperformed its benchmark, the MSCI Asia ex Japan Index, which increased by 14.7% on a comparable basis over the reporting period.

Aberdeenshire-based STATS Group has established a new Australian entity and will invest up to $AUD 2 million (£1 million) in workshop facilities and intervention equipment to support its drive in the country’s pipeline integrity market. The pipeline technology specialist has been success

European patent and trade mark attorneys Murgitroyd has announced its acquisition of of UDL Intellectual Property (UDL), a UK-based IP practice. This follows its recent acquisition of Hanna Moore + Curley in Ireland. UDL, founded over 100 years ago, is headquartered in Leeds, with offices in Bristol

abrdn has announced the acquisition of investing insights platform Finimize. Finimize publishes a daily newsletter for retail investors with over one million subscribers and 40,000 premium subscribers, making investing accessible and digestible to clients.

Creative and market intelligence agency AstroAgency, which specialises in the business of space, plans to grow following a raft of client wins.

Lanarkshire-based Advanced Clothing Solutions (ACS) has received £950,000 Scottish Enterprise grant funding to make its innovative garment rental and re-sale business even more sustainable, create 147 new permanent jobs and accelerate its path to becoming a net zero company.

Scots are more likely than people in the rest of the UK to know what "just transition" means, according to new research. Business in the Community (BITC), the Prince’s Responsible Business Network, commissioned a YouGov survey on the just transition in September.

Cryptocurrency scammers made off with more than £1.5 million after duping investors into buying a fake currency named after hit Netflix show Squid Game.

Taxpayer-owned NatWest Group, formerly the Royal Bank of Scotland Group, saw pre-tax profits triple to £1.1 billion in the third quarter of 2021. Results announced today reveal that the banking group recorded operating profit before tax of £1,074 million, attributable profit of £67