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The Bank of Lithuania has imposed a €3.5 million (c. £3m) fine on Revolut for deficiencies in its anti-money laundering (AML) processes, marking the UK-founded fintech's largest financial penalty to date. The Lithuanian central bank, which oversees Revolut's European banking operations al

A new service that allows individuals to verify their identity directly with Companies House has been launched. The introduction of identity verification is one of the key changes to UK company law under the Economic Crime and Corporate Transparency Act 2023.

Financial mutual Scottish Friendly has agreed a deal to acquire pension and annuity in payment books of business from Fidelity International. The acquisition consists of a block of unit-linked Section 32 pensions business comprising £2.16 billion assets under management (AUM) across 76 origina

Scottish Business Minister Richard Lochhead has embarked on a visit to China and Japan to strengthen economic, social, and cultural links, reinforcing that Scotland is open for business. During the trip, he will engage with government officials, potential investors, and key companies. The Minis

Edinburgh-based Unbranded Finance, the UK-based non-bank real estate lender, has advanced a new £15.5 million senior loan facility to Ziser London to assist with delivering the developer’s flagship redevelopment of the former Fulham Town Hall, located directly opposite Fulham Broadway st

Salaries have been frozen and pay rises have been delayed ahead of the rise in employers’ National Insurance Contributions (NIC), which came into force on Sunday, a new survey has found. Nearly half of Scottish businesses (44%) have taken action on pay since the October Budget to prepare for t

Contract research company BDD has opened its new 122m² GMP manufacturing facility at BioCity near Glasgow, following a successful inspection by the Medicines and Healthcare products Regulatory Authority (MHRA) in March 2025. Two years in the making, the development of the state-of-the-art facil

Consilium Chartered Accountants has provided full lead advisory services to PJs Foods Limited in its sale to Tiffin Sandwiches. Glasgow-based PJs Foods (PJ) was established in 1996 and provides food-to-go products including sandwiches, pasta bowls, and salad bowls. The firm is a leading supplier to

Perthshire-based waste management firm Binn Group has acquired R Finnie Skip Hire of Inverness, significantly strengthening its operational footprint in the north of Scotland and the Highlands. R Finnie Skip Hire brings 17 experienced team members into the Binn Group family, adding to its existing w

Scotland's First Minister, John Swinney, has highlighted Scotch whisky's role as a "passport to attract international investment" during a visit to New York. Concluding a trip focused on promoting Scottish trade, Mr Swinney chaired a roundtable discussion with representatives from the Scotch Whisky

Edinburgh office take-up rose more than 25% year-on-year during the first quarter of 2025, but the lasting effects of the Covid-19 pandemic could curb activity for the remainder of the year, according to Knight Frank.

Gordon McIntyre and George Lafferty, insolvency practitioners with McLaren Insolvency, have been appointed joint provisional liquidators of Andrew P Orr (Decorators) Limited. Founded 40 years ago and based in Coatbridge, Andrew P Orr (Decorators) Limited, which traded as Orr Decorators, had a turnov

Johnston Carmichael has relocated its Dundee operations to a larger office to accommodate growth and facilitate plans to double its local workforce. The firm has moved into a new 5,500 sq ft regional hub at the DundeeOne business centre. This is the second time the firm has moved as headcount h

Accountancy firm Armstrong Watson has significantly expanded its Glasgow operations through a merger with local firm Martin Aitken. The move, effective 7 April, integrates Martin Aitken's entire 110-strong team, including its directors who join as partners, into Armstrong Watson. This increases Arms

A Belgian royal with an allowance of nearly €400,000 per year has failed in a legal bid to be recognised as a self-employed worker entitled to social security. Prince Laurent, brother of the Belgian king, asked the Brussels Labour Court to recognise him as self-employed and his princely endowme