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The new UK government has cancelled a planned retail share sale of its remaining stake in Royal Bank of Scotland-owner NatWest.

Global accountancy body ACCA has called for the Scottish Government to increase the threshold at which charities have to complete an audit, to relieve time and cost pressure on hard-pressed charities. ACCA highlighted some of the problems facing charities requiring an audit, with smaller charities p

A report from the France's top audit court, Cour des Comptes, has highlighted high spending concerns after the French President's office incurred expenses of almost €475,000 (c. £400,000) for a state dinner hosted in honour of King Charles. The opulent banquet, held in September at t

HSBC Group has announced a further $4.8 billion (c. £3.7bn) payout to shareholders, comprising a $3bn (c. £2.3bn) share buyback and $1.8bn (c. £1.4bn) in dividends. This comes as the bank reported a 1.5% increase in pre-tax profit to $8.9bn (c. £6.9bn) for the second quarter.

Scotland’s onshore GDP grew by 0.3% in May, following growth of 0.2% in April, according to statistics announced by the Chief Statistician. In the three months to May, GDP is estimated to have grown by 0.9% compared to the previous three month period. This indicates an increase relative to the

St James’s Place (SJP), the UK's largest wealth manager, has staged a dramatic comeback after a turbulent period. Despite a plummeting share price, since 2022, and a £426 million customer refund scandal, SJP's newly announced £500m cost-cutting programme and better-than-expected ha

Excluding the impact of being a partner in an unincorporated business which is declared bankrupt, the two main routes into bankruptcy are by an individual submitting the appropriate form to the accountant in bankruptcy (AiB – a civil servant based in Ayrshire) or a creditor lodging a petition

The number of companies in Scotland filing for administration during H1 2024 has dropped by 15% compared to the corresponding period last year, according to figures from Interpath Advisory. Analysis of notices in The Gazette by Interpath shows there were 28 administrations in Scotland in the first s

FinTech and challenger bank Revolut has announced today that it has received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA). Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’, a com

Edinburgh has reclaimed its position as the top UK city outside London for foreign direct investment (FDI), surpassing Greater Manchester, according to a new study.

The Lieutenant Governor of Oklahoma, Matt Pinnell, has held a series of high-profile meetings with the Scottish business community as part of a trip aimed at improving transatlantic business relations, promoting investment opportunities for Scottish businesses throughout the state of Oklahoma.

Largo Leisure Parks has formally launched an £800,000 development, expanding its Sauchope Links holiday park, with a traditional ribbon-cutting ceremony. The project, at the coastal park near Crail, is part of an overall investment programme by private equity firm Limerston Capital,

Glasgow-headquartered Edwin James Group has acquired Pettits Ltd and its subsidiary Motivair Compressors Ltd for an undisclosed sum. The deal strengthens Edwin James Group's portfolio, introducing compressed air management services and access to Motivair's 9,000 assets across various sectors.

More Edinburgh occupiers decided to "stay put" rather than taking new office space during the second quarter of 2024, with regears outpacing new leases, according to figures from Knight Frank.

Edinburgh-based risk prevention specialist Reactec has announced its busiest year on record – with a 40.9% increase in annual turnover to £5.58 million. The company’s accounts for the year ended 31 December 2023 showed a gross profit of nearly £3.8m and an operating loss