News

Scotland’s economy could completely regain lost ground within the next two years and outpace the UK-wide average, according to the latest economic forecasting from KPMG. KPMG estimated the country’s economy took a 9.6% hit in 2020, broadly in-line with forecasts, as the pandemic impacted

The Scottish Building Society (SBS) has today announced a record £74 million increase in mortgage lending and a record £58m growth in savings balances. In a year the Society described as “extreme conditions”, profit before tax increased by 34% to £840,000.

Glasgow-based chartered accountants Wylie & Bisset has become the sole independent Scottish accountancy practice to be awarded slots on the prestigious Department for Education framework. Marking the first time the framework has opened itself up from dominance by the larger national accountancy

Bancon Group has announced positive trading results for the year ending 31 March 2020 despite the economic upheaval of the coronavirus pandemic. A marked improvement in margins at the Aberdeenshire housebuilder and construction group led to an increase in operating profit from £10.3 million in

Carnoustie-based housebuilder DJ Laing has pointed to the strong Dundee property market for its rise in profits. Newly filed accounts from the firm revealed that its sales increased to £7 million for the year ending May 31 2020, compared to £6.3m in 2019.

A family-run butcher in Dingwall will mark its centenary year next year with ambitious plans for growth thanks to £1 million funding from Royal Bank of Scotland. John M Munro Ltd was formed almost a century ago and its 75-strong workforce distributes its fresh, quality meat across all of Scotl

Independent financial advisory firm Phil Anderson Financial Services has recently appointed Kayleigh Ross as an independent mortgage adviser, following the successful completion of her professional exams. The firm has been supporting the former Wick High School pupil through these exams, as well as

New staycation holiday specialist Caledonian Leisure Ltd has secured a multi-million-pound investment from Mobeus Equity Partners, the investors behind the recent IPO of Virgin Wines and the proposed IPO of Parsley Box.

People in the UK are feeling the most optimistic about their household finances since the start of the coronavirus pandemic, according to the latest Scottish Widows Household Finance Index.

Boortmalt, the international malting company, has announced a £12 million investment to expand its malting facility in Buckie, on the Morayshire coast.

Edinburgh is set to become one of the UK's leading tech hubs as Scotland enters its post-pandemic recovery, according to angel investor Andrew Dixon.

More than a quarter (27%) of SMEs surveyed plan to invest more in their businesses in the year ahead than during a typical pre-pandemic year, underlining their focus on growth in a post-COVID-19 future, according to a recent survey by Virgin Money. Over a third (35%) of SMEs plan to invest between &

Coatbridge-based KRG Engineering (KRG) has announced its global growth plan across a number of sectors, including energy and defence. The turnkey precision engineering specialist aims to grow turnover by 20% annually for the next five years by expanding its oil and gas, rail, defence and FMCG presen

Wemyss Development Company, the Scottish-based conglomerate which runs Kingsbarns Distillery in Fife, has reported a £21.2 million drop in turnover in its last financial year. Turnover fell to £27.5m in the 12 months to the end of March 2020, compared to £48.7m the year before

Standard Life Aberdeen (ASI) has joined the Net Zero Asset Manager initiative – an initiative that will see asset managers work in collaboration with clients to achieve net-zero by 2050 or sooner. This means developing net-zero solutions across asset classes to enable clients reach their net-z