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Mortgage arrears in the UK has risen by 7% in the third quarter of this year, according to new figures published by UK Finance.

Scotland's labour market experienced a continued decline in recruitment activities, with a particular slowdown in permanent staff placements and temp billings, as reported in the Royal Bank of Scotland's latest Report on Jobs for October 2023. This contraction, the most moderate in three months, coi

Scottish cleantech bioscience firm Penrhos Bio has successfully secured a further £3 million in capital through its Series A funding round. The raise comes from a consortium of investors including St Andrews-based firm Eos, New York branding partner Earthbound Brands LLC, and Scotland’s

Accountants and business advisers firm Wylie & Bisset has joined in calling on the Scottish government to urgently address the charity audit threshold disparity between Scotland and England and Wales, suggesting it should be doubled and brought into line with other regions. Increases to the comp

A panel of experts which includes executives from global finance firms have backed First Minister Humzah Yousaf's plan to issue Scottish Government bonds. The panel of experts recommended that a Scottish Bond issue could significantly raise Scotland’s international financial profile, build its

High interest rates are preventing investment in the Scottish economy, according to the latest Scottish Chambers of Commerce Quarterly Economic Indicator. Concern over interest rates has seen a significant increase over the quarter, rising from 37% of firms in the last quarter to half of firms, whic

Scotland is poised to issue its own government bond for the first time, a move set to finance critical infrastructure projects. First Minister Humza Yousaf disclosed plans for the bond's issuance by the culmination of the current parliamentary tenure, following comprehensive due diligence and analys

For those seeking to grow their business, finding the right venture capital partner can be a game-changer, however figures released earlier this year showed that venture capital activity in Scotland had dropped. Corporate finance expert James Woodward provides business owners with practical insights

Battery manufacturer AMTE Power, which has a plant in Thurso and plans for a 'megafactory' in Dundee, has had its share trading temporarily suspended on the London Stock Exchange (LSE). In recent months the company has been faced with a precarious financial situation. In July, the company warne

The North British Distillery (NBD) has released a uniquely packaged run of 60-year-old Single Grain Scotch Whisky, with all proceeds going to charity. Distilled in 1960, the liquid for this rare expression comes from a single cask, which lay resting in the NBD warehouse in the outskirts of Edinburgh

The new owner said the centre would need “minimal immediate capital expenditure”, however, the firm said there would be a medium-term opportunity for initiative that would add significant value to the site. The deal is being funded by existing funds held by Capital & Regional, a &pou

Stuart McWilliams discusses the upcoming increases in UK visa fees, the impact on applicants and employers, and suggests strategies to minimise the financial burden of these changes. They say the only certain things in life are death and taxes, but most immigration lawyers will tell you that rising

The UK's inflation rate witnessed a greater-than-expected drop to 7.9% in June, a 13-month low, due to a decrease in petrol prices, as reported by the Office for National Statistics (ONS). This figure represents a noteworthy decline from May's 8.7% inflation rate, the weakest since the onset of the

VAT expert Iain Masterton has warned that escalating costs driven by inflation could jeopardise the survival of smaller businesses by pushing them over the current VAT threshold. As the head of VAT at accountancy and advisory firm CT, Mr Masterton raises concern over the additional VAT bur

AMTE Power, Scottish developer and manufacturer of lithium-ion and sodium-ion battery cells, has said it is urgently seeking to raise new funds as it contends with a dwindling cash position.