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Scottish retail sales ground to a halt in February 2026, with total sales recording no growth, flat at 0.0% compared with a 0.4% decline in the same month last year, according to the latest SRC-KPMG Scottish Retail Sales Monitor. The result fell below both the three-month average rise of 1.2% and th

Capital Credit Union has launched a new 100% loan-to-value mortgage designed to make homeownership possible without the need for a deposit. The variable rate product allows eligible first-time buyers to borrow up to £300,000, helping those who may have a strong track record of paying rent but

Revolut has applied for a United States banking licence, marking a significant step in the fintech's long-standing ambition to crack the American market. The company confirmed on Thursday that it had submitted applications for a national bank charter to both the Office of the Comptroller of the Curr

Landlords, sole traders and the self-employed are being urged to prepare for "the death of the traditional tax return" in April. Azets is warning that those with gross income above £50,000 per year will have to comply with a new Making Tax Digital (MTD) regime.

Edinburgh-based software firm Craneware, a provider of financial performance solutions for the US healthcare sector, has posted a 14% increase in adjusted profit before tax to $23.5 million (c. £17.7m), supported by a 6% rise in revenue to $105.7m (c. £79m). These results, for the six mo

ScottishPower recorded a 12% increase in annual profits to £3.15 billion for 2025, a growth trend mirrored by its Spanish parent company, Iberdrola, which saw net earnings rise by 12% to nearly €6.3bn (c. £5.5bn). The steady financial performance was primarily underpinned by the suc

The level of inheritance tax (IHT) collected has reached a new high, according to analysis of the latest statistics by DJ Alexander Ltd. Scotland's largest lettings and estate agency said the latest statistics show that £7.13 billion was collected between April 2025 and January 2026, with

Business confidence in Scotland rose a further four points during February to 41%, according to the latest Business Barometer from Bank of Scotland.  While companies in Scotland reported lower confidence in their own business prospects month-on-month, down 12 points at 41%, their optimism in th

HSBC shares climbed over 5% on Wednesday morning, reaching 1,362.80p and cementing its position as the UK's most valuable bank with a market cap of over £230 billion. This rally occurred despite a 7% decline in annual pre-tax profit, which fell to $29.9bn (c. £22.1bn) following $5bn (c.

Professional bodies representing more than 1.5 million people have written to the UK government calling for stronger backing of Chartered and professionally registered status across key sectors, arguing it is essential to rebuilding public trust and driving economic growth. In an open letter to Pat

Scottish salmon exports to India could deliver up to £130 million over the next decade in a major boost to the economy, according to Salmon Scotland. Producers are gearing up for a new drive into the market after last year’s UK-India trade deal promised to remove the tariffs that have he

BAE Systems has reported a robust financial and operational performance in its 2025 full-year results, underpinned by a record order backlog of £83.6 billion. Amidst escalating global security challenges, the company achieved a 10% increase in sales to £30.7bn and a 12% rise in underlyin

Early seasonally adjusted estimates for January 2026 have revealed that there were 2.45 million payrolled employees in Scotland, representing a 0.2% decrease of 6,000 people compared to the previous year. While this decline is notable, it remains more resilient than the wider UK figure, which saw a

Scottish craft beer giant Brewdog has appointed restructuring consultants AlixPartners to oversee a competitive sale process, a move that may result in the business being dismantled and sold in separate parts. The Ellon-based brewer, famous for brands like Punk IPA, has reportedly set a tight deadli

A new report has confirmed that £2.38 million worth of “non‑operational” land has been sold in the past six months as efforts to unwind the collapsed Stewart Milne Group (SMG) continue. The latest update from administrators Teneo Financial Advisory shows that land parcels held by