VINCI Airports, a subsidiary of French conglomerate VINCI Concessions, has agreed to purchase an effective 50.01% stake in Edinburgh Airport Limited, the owning company of Edinburgh Airport, for a sum of £1.27 billion.
Innovation in Scotland is being severely curtailed by very low levels of R&D tax relief and Patent Box claims, a leading innovation tax relief expert has warned ahead of a summit being convened later this month that aims to tackle the issue.
Forres-headquartered spaceflight company Orbex has closed an update to its Series C funding round, securing a further £16.7 million from a consortium of six major investors.
Quantuma’s Edinburgh and Glasgow-based managing directors and insolvency practitioners, Craig Morrison and Ian Wright, have been appointed joint liquidators to Arbroath-based Royal Oak Tree Services Ltd.
Increasing tax disparity with the rest of the UK is a predominant worry among senior leaders in Scotland’s financial sector is the increasing tax disparity with the rest of the UK, according to Scottish Financial Enterprise (SFE).
Nearly a third (29%) of senior leaders in the financial services sector in Scotland use generative AI at least once a day at work, according to new research from KPMG UK.
The Institute of Chartered Accountants of Scotland (ICAS) has marked a record year with the highest number of annual admissions in its 170-year history.
David Meldrum, director within Azets’ Scottish restructuring and insolvency team, has recently obtained his insolvency licence from ICAS, becoming the firm’s third practitioner to be licensed in Scotland.
The UK’s gross domestic product (GDP) rose by 0.1% in February, with the manufacturing and services sectors posting higher output, offsetting a significant decline in construction activity.