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.
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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
Regional private equity and real assets investment manager Foresight Group, has announced it is investing into Mclaggan + co, joining existing investors, Glasgow-based investment firm, N4 Partners. For more than fifty years, Mclaggan has been collaborating with artists and designers to offer screen-
The Financial Conduct Authority (FCA) is strengthening its international footprint by launching a strategic partnership on artificial intelligence (AI) with the Monetary Authority of Singapore (MAS).
Scottish Borders Council is "living beyond its means" and must find ways to "rein in spend" after facing a forecasted £5.6 million budget gap for the rest of the financial year. Suzy Douglas, the council's head of finance, informed the Executive Committee of the "significant budget pressures".
HM Revenue & Customs (HMRC) is set to launch a new US-style incentive programme, offering significant financial rewards to whistleblowers who report large-scale tax fraud.
BDO has been severely reprimanded and fined £6.5 million by the Financial Reporting Council (FRC) following admissions of misconduct by two former audit partners. The fine was reduced to £5.8m due to admissions. The FRC investigation centred on systemic failures in supervision that allow
