Search:

The Bank of England's Prudential Regulation Authority (PRA) has revised its proposal for stricter capital rules for UK banks, opting for a milder approach and delaying implementation to 2026. The changes include relaxed capital requirements for small businesses, mortgages, trade finance, and infrast

The Conveyancing Information Executive (CIE) has announced the membership of Millar & Bryce as an associate member. The CIE provides a rigorous and transparent approach to property search governance standards, with data integrity, accuracy and transparency underpinning values in the overall prov

An engineering fabrication firm in Lochaber has embarked on a £539,000 project that will significantly increase productivity and efficiency, and help meet growing demand for its services. Northern Engineering and Welding Company (NEWCo) is expanding its premises in Fort William by 50% and inst

The closure of Scotland's only oil refinery, Grangemouth, has put over 3,000 jobs at risk due to a ripple effect across the supply chain. The company has confirmed it will cease refining oil at the site during the second quarter of 2025 onwards due to global market pressures and competition from big

The Forth Green Freeport (FGF) has submitted its full business case to the UK and Scottish governments.

The UK's national debt is projected to treble over the next 50 years, driven by an ageing population, climate change, and geopolitical tensions, according to the Office for Budget Responsibility (OBR). In its latest Fiscal Risks and Sustainability Report, the OBR revealed that without increased

Clean heat technology company Exergy3 has announced the successful closure of a £1 million pre-seed funding round for its novel ultra-high temperature thermal energy storage system. The round was led by Zero Carbon Capital with participation from existing investors Old College Capital and Scot

Business Gateway has revealed a new creative campaign, in a bid to encourage more entrepreneurs, start-ups or scale-ups in Scotland to use its breadth of free services.

Food and drink wholesaler JW Filshill, one of Scotland’s oldest independent food and drink wholesalers, saw turnover increase to £215 million, up 6% from £203m, in the year ending 31 January 2024.

A man has been accused of using generative AI to fraudulently obtain more than $10 million (c. £7.6m) in royalties from music streaming services using fake music and fake listeners. New York man Michael Smith, 52, was arrested by the FBI last week in connection with the alleged fraud, which in

Hospitality businesses should prepare for imminent changes to the law on tips and gratutities or face the risk of employment tribunals and penalties, a tax specialist has warned. The new Employment (Allocation of Tips) Act 2023, which takes effect on 1 October 2024, will make it unlawful for employe

Scotland's coastal towns are dominating the property market, with 13 of the top 20 residential areas by average house price located on the coast, according to research by Rettie. Fife and East Lothian are home to nine of the top 10 coastal towns by house price, with Kilcreggan in Argyll and Bute the

Changes in lending practices have seen RSLs move away from their traditionally cautious approach to managing interest rate fluctuations to explore more complex options, writes Derek Hogg. Scottish registered social landlords (RSLs) can be a cautious breed. Indeed, when it comes to exposure

Concerns have been raised regarding the inquiry into a £1 billion banking fraud case at HBOS, after it was revealed that evidence is still being received in its eighth year. Former high court judge Dame Linda Dobbs, who was appointed in 2017 to investigate Lloyds Banking Group's alleged cover-

Ventex, a new Scottish venture studio accelerating the net zero transition, has appointed Robert Aitken as its new chief financial officer (CFO). Mr Aitken brings nearly 25 years of experience from Big Four firms to his role. He will be responsible for evaluating potential portfolio companies, ident