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Scotland

EY fined £500,000 for breaching audit rules in second penalty within a week
By City AM
The Financial Reporting Council has handed EY a £500,000 fine over its audit of a Scottish water company, less than a week after it was sanctioned over Thomas Cook
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Britain's longest train journey to be scrapped after more than a century
Transport
The CrossCountry service from Aberdeen in Scotland to Penzance in Cornwall has been running since 1921
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Trespass owner sees profits slide as it operates in 'challenging' market
By City AM
New accounts for the business show turnover dipped slightly from £127.4m to £127.3m over the same period
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Gender pay gap means women have 'worked for free' in 2025
Employment
Pay disparity between men and women remains "stubbornly high", the report TUC said
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Average º£½ÇÊÓƵ house price hits new record high
Housing
Halifax said there was a 'strong demand' for new mortgages and growth in lending
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Bristol University entrepreneurs scoop major º£½ÇÊÓƵ innovation prize
Technology
They have been awarded funding from Innovate º£½ÇÊÓƵ to develop their sustainable tech businesses
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The Range announces new store openings following Homebase acquisition
Retail & High Street
The superstore outlets will include gardening hubs under the banner of the former DIY chain
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Royal Navy tugboat crews balloted for strike action
Employment
The crews are based at Devonport, Portsmouth, Faslane, Great Harbour Greenock and Kyle of Lochalsh
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Famous Grouse whisky sale to billionaire's empire on the rocks as watchdog steps in
By City AM
William Grant & Sons, which is owned by Scottish billionaire Glenn Gordon, acquired The Famous Grouse and Naked Malt from Edrington in September last year
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Triodos Bank appoints former HSBC boss as º£½ÇÊÓƵ chief executive
Appointments
Mark Clayton will success Bevis Watts who announced his departure last year
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Lloyds Banking Group to transform head office with £200m investment
By City AM
The Port Hamilton building on Morrison Street, Edinburgh, will be transformed in partnership with Drum Property Group
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Beano publisher recovers from £161m loss after axing hundreds of jobs
By City AM
DC Thomson was founded in 1905 and also publishes The Sunday Post and The Dandy
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º£½ÇÊÓƵ media giant including Yorkshire Post and The Scotsman to be bought in £65m deal
By City AM
National World, which has a range of newspapers and websites in its portfolio, has agreed to a takeover by Media Concierge, which already owns a stake in the business
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Spain's Navantia to save failing shipbuilder Harland & Wolff
Deals
Business secretary Jonathan Reynolds said the deal was a 'huge vote of confidence' in the º£½ÇÊÓƵ
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Profit soars at luxury handbag firm loved by Princess of Wales and Meghan Markle
By City AM
Strathberry was founded by husband and wife team Guy and Leeanne Hundleby in 2013. It has grown its workforce to around 100 in recent years
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FirstGroup buys one of London's biggest bus operators in £90m deal
By City AM
The London-listed firm said on Tuesday it had signed a £90m deal to take RATP London off the hands off its owner, the French-state owned public transport provider RATP Group.
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TSB Bank names new boss as Robin Bulloch to retire after 45-year career
By City AM
TSB Bank said it has appointed Marc Armengol as its new CEO, with incumbent boss Robin Bulloch set to retire
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Scotland's Tunnock's saw profits quadruple despite chocolate crisis in Africa
By City AM
Tunnock's has reported a pre-tax profit of £4m for the 12 months to 24 February, 2024, according to newly-filed accounts with Companies House
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SSE profit rockets as boss prepares to stand down after more than 11 years at the helm
By City AM
In the six months to September, SSE's adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last year.
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Center Parcs announces plans for its first Scottish holiday village promising 1,200 jobs
By City AM
Center Parcs has announced plans to open its first holiday village in Scotland in an investment worth up to £400m which would create around 1,200 permanent jobs
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Weir Group secures major contracts in Pakistan and Morocco, eyes sustainable mining solutions
By City AM
The Scot firm's cost-cutting programme is progressing at pace, with £19m of cumulative savings brought in so far, it said in a quarterly trading update.
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Schuh boosts employment past pre-pandemic levels, creating nearly 400 jobs
By City AM
The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year - up from its total of 3,975 in the prior 12 months
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Hawksmoor steakhouse chain eyes £100m valuation amid record sales and expansion
By City AM
The London-headquartered steakhouse chain has reported a turnover of £89.7m for 2023, up from the £73.9m it achieved in 2022. It comes after private equity firm Graphite Capital put the chain up for sale
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Vinyl to return to WH Smith stores for first time in more than 30 years
Retail & High Street
Sales of vinyl in the º£½ÇÊÓƵ jumped 11.7% to nearly six million last year
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