Rising tax and cost pressures forced one quarter (25%) of SME bosses in Scotland to lay off staff last year, according to Rathbones. SME founders, owners and senior executives across Scotland disclosed cost pressures and national insurance contributions are weighing heavily on firms and driving up r
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People who pay monthly for their insurance are saving around £157 million a year, with over half the firms the Financial Conduct Authority (FCA) reviewed as part of a market study lowering the cost of premium finance.
New figures released by Scotland's Chief Statistician provide a comprehensive overview of local government financial activity across the country for the 2024-25 period, covering service delivery costs, infrastructure investment, and overall debt levels. During this financial year, local authorities
Lloyds Banking Group has announced a fresh £1.8 billion share buyback after a robust performance in the 2025 financial year, where pre-tax profits jumped 12% to £6.7bn. The banking giant surpassed internal expectations of £6.4bn, demonstrating resilience despite the Bank of England
Profits at Nairn’s Oatcakes rose to £4.9 million in the 2024-25 financial year, driven by robust sales growth across both domestic and international markets. The Edinburgh-based firm saw turnover increase by 6.6%, climbing from £47.5m to £50.6m.
The Bank of Scotland has been fined £160,000 by the UK’s sanctions regulator for facilitating transactions that breached financial sanctions imposed on Russia.
UK households are increasingly being run as joint operations, with couples sharing responsibility for everything from financial decision-making to food shopping and cleaning, according to new research from Scottish Friendly. The mutual’s survey of more than 2,000 UK adults shows a clear shift
Grant Thornton UK has announced the return of the Scottish Chief Financial Officer (CFO) Awards in 2026. Now in its third year, the programme shines a spotlight on the exceptional talent of chief financial officers and their teams across Scotland.
Cruden has delivered an improved profitability profile and a strengthened financial platform with the publication of its financial results for the year ended 31 March 2025. For the year, the five-star SME housebuilder reported turnover of £112 million, with profit before tax and exceptional it
The Financial Conduct Authority (FCA) has imposed fines totalling £371,700 on two former finance directors of Carillion plc for their roles in the construction giant's collapse. Richard Adam and Zafar Khan were sanctioned for knowingly issuing misleading statements regarding the company’
Deloitte’s latest survey of UK Chief Financial Officers (CFOs) shows that 59% of the UK’s largest businesses have become more optimistic over the past 12 months on the potential for AI to boost the performance of their own organisation – up from 39% when last measured in the third
Scottish Financial News has recorded a year of robust expansion, increasing its readership and expanding its social media presence. The publication recently surpassed the significant milestone of 10,000 followers on LinkedIn and is currently on track to reach 11,000 in the coming months. In a m
Banks and payment providers are set to gain the freedom to establish their own contactless transaction limits under new rules introduced by the Financial Conduct Authority (FCA). Effective from March 2026, this regulatory shift moves away from the current uniform industry cap, allowing institutions
Beeks Financial Cloud Group PLC has entered into a strategic agreement with nuam, the regional holding company that integrates the stock exchanges of Santiago, Colombia, and Lima. Under this agreement, Beeks will deliver its flagship infrastructure service Exchange Cloud to enable nuam to onboard bo
Cryptocurrencies will be regulated similarly to traditional financial products under new legislation set to come into force in 2027. The Treasury is currently drafting rules that will bring the sector under the strict oversight of the Financial Conduct Authority (FCA).
