FinTech Scotland is aiming to help address the growing link between people’s financial situation and their health in later life with the launch of a new initiative that will accelerate innovation through the development of new research, technologies, and services.
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Barrington Exchange, a global foreign exchange management and financial services firm headquartered in Glasgow, has expanded its portfolio to tackle cashflow management. Recognising that long payment cycles, often ranging from 30 to 90 days, were hampering growth in sectors such as manufacturing, wh
Over the next decade at least 18 million people could be offered extra help with their investments and pensions with the introduction of targeted support by the Financial Conduct Authority (FCA). The new service will allow firms to make specific suggestions to consumers – so they can make bett
The Financial Reporting Council (FRC) has opened a new investigation into EY, intensifying the regulatory pressure on the Big Four accountancy firm. The probe concerns the issuance of "unauthorised" audit reports to unnamed companies. According to the FRC, the investigation targets the firm itself a
Independent financial advisers Lonsdale Services has deployed Aveni Assist, an AI automation platform from AI Fintech Aveni, across its wealth management team, resulting in hundreds of hours saved each month and the ability to share information with customers quicker. Lonsdale introduced Aven
The Financial Conduct Authority (FCA) has announced a package of measures designed to empower retail investment, strengthen wholesale markets, and secure the UK’s status as a global financial centre.
The finances of Registered Social Landlords (RSLs) have been described as "generally stable", although concerns have been raised regarding continued financial pressures.
Aberdeen-headquartered John Wood Group plc has appointed Jade Moore as group chief financial officer, effective immediately. She replaces interim CFO Iain Torrens, who moves into the CEO role as part of the acquisition agreement with Sidara.
The Bank of England (BoE) has announced its first major loosening of banking regulations since the 2008 financial crisis, cutting the estimated capital UK lenders must hold. Following successful stress tests, the Financial Policy Committee (FPC) lowered the benchmark for tier one capital – the
Kier's chief financial officer Simon Kesterton is stepping down from the group at the end of the year, the firm announced today. As part of the company’s executive team, and an executive director of the Kier Group board, Simon has played a pivotal role in transforming Kier and strengthening it
The soaring cost of ingredients has caused profits at Tunnock's to plummet by nearly 80%, despite the Scottish confectionery brand recording increased turnover in the last financial year.
Chancellor Rachel Reeves’s Autumn Budget has drawn a sharp intake of breath from Scotland’s financial and business community.
Traders can now bet on the future price of Labubus, among other limited release products, thanks to Kalshi Inc. The American financial exchange and prediction market has partnered with resale giant StockX to launch a novel form of speculation – betting on the future resale value of high-demand
Over £100 million in savings have been set out by the Financial Conduct Authority (FCA), as the regulator proposes to streamline transaction reporting requirements. The FCA receives over seven billion MiFID transaction reports a year used to support the cleanliness, transparency and resi
The Scottish Government has revealed plans to sell approximately £1.5 billion of its own bonds, nicknamed "kilts", starting in the 2026-27 financial year. The announcement by First Minister John Swinney follows rating agencies Moody's and S&P assigning Scotland an investment-grade credit r
