Amidst rising costs of living, a new survey by Scottish Building Society has revealed that 85% of Scots have experienced a direct financial impact over the past year. The study, which polled 1,002 savers in Scotland, indicates that inflation across energy, food, and household bills, coupled with flu
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In a drive to attract international investment, Scottish Financial Enterprise (SFE) has unveiled its new promotional initiative 'From Scotland to the World'. The ‘From Scotland to the World’ campaign was launched at the Scottish Parliament yesterday and comes as Scotland was once again n
The Financial Conduct Authority (FCA) has initiated an assessment of nine firms, particularly concerning their savings products, in light of mounting concerns over unjust savings deals.
The proposed reform of the UK's auditors has been delayed again, prolonging the uncertainty the industry has dealt with for the past four years. Since 2019, the Financial Reporting Council (FRC) has been poised to transform into the Audit, Reporting and Governance Authority (Arga). This new body, en
Sandy Begbie, chief executive of Scottish Financial Enterprise (SFE), has been appointed to Scottish Labour's new expert independent advisory board for economic growth. Anas Sarwar today unveiled the new board which has been tasked with providing "completely impartial" advice to the Scottish Labour
Scottish law firm Burness Paull has reported its results for the financial year ended 31 July 2023. Annual turnover was up six per cent to £83.2 million (2021/2022: £78.6m) and profit was £35.5m (2021/2022: £35.7m).
The rise in reliance on familial financial support in the UK housing market has hit record levels, with new research revealing that the so-called 'Bank of Family' is anticipated to facilitate over 318,000 property transactions with support worth around £8.1 billion in 2023.
K3 Capital Group was the most prolific financial adviser in the Scottish M&A market in the first half of 2023, according to the latest Experian MarketIQ report. The professional services group maintained its leading position after advising on nine transactions over the period, during which there
Rangers Football Club has appointed James Taylor as the club’s chief finance officer from 1 September. Mr Taylor brings almost 20 years of financial experience to the club from a career spanning the financial services, technology, and hospitality sectors.
PwC UK has posted its financial performance for the last fiscal year, showing a rise in consolidated revenue by 16% to £5.8 billion. In line with their commitment to emerging technology, the company has decided to invest an additional £100 million in state-of-the-art technologies like AI
The recent introduction of Glasgow's low emission zone (LEZ) has had unexpected financial repercussions for both businesses and their employees, following a staggering 6,000 penalty charge notices in July, according to accountancy firm Azets. The rise in penalty charge notices linked to the new
Scotland's financial health has seen improvements in the past year, with particular emphasis on the country's growing fiscal balance, revealed in the latest Government Expenditure and Revenue Scotland (GERS) figures)
The University of Edinburgh's The Data Lab has unveiled a new AI-powered tool, 'Funding Finder', aimed at streamlining the process for businesses seeking financial backing across the UK. The tool aims to efficiently match businesses with the most suitable funding bodies, addressing the challenges of
Scottish businesses are bearing the weight of both the prolonged effects of the pandemic and the mounting financial challenges stemming from escalating interest rates, which have intensified debt costs. Business rescue and recovery specialist Begbies Traynor unveiled that there was a year-on-year su
Scots ramped up their investment contributions in the three months to June despite opening fewer ISA policies, according to new data from financial mutual Scottish Friendly. The value of new stocks and shares ISA savings jumped 16% in Q2 compared with the previous quarter, despite a 16% drop in the
