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The pound plummeted to a 14-month low against the dollar on Monday, driven by a global market downturn sparked by expectations of a single interest rate cut from the US Federal Reserve this year. Sterling fell as much as 0.7% to $1.211, underperforming other major currencies.

Bank of Scotland-owner Lloyds Banking Group has announced it will allow customers of its three brands – Lloyds, Halifax, and Bank of Scotland – to use any branch regardless of which brand they bank with. The group claims the move will offer greater choice and flexibility, although it has

Scotcoin is set to be listed on a major cryptocurrency exchange in February 2025, which will see the project valued at $250 million (£200m) on its market debut. The Scotcoin Project (TSP) Community Interest Company has exchanged contracts with a tier 1 exchange and will initially be paired wit

A rare spherical egg that a man spontaneously bought after a few pints has sold at auction for £200.

The Bettii Pod Ltd, an innovative FemTech start-up founded by CEO Elaine Galston, has secured £70,000 in Scottish Edge funding after emerging as a winner in the latest competition round.

Pictured (L-R): Mark Beaumont, partner at Eos; Jessica Birt, Concinnity CEO and co-founder; Dr Matthew Dale, CSO and co-founder; Professor David Venables, chair of board; Professor Susan Rosser, chair of scientific advisory board (credit: Stewart Attwood) Edinburgh-based Concinnity Genetics has

Aviva has reached a preliminary agreement to acquire rival insurer Direct Line for £3.6 billion after its third takeover bid was accepted.

The corporate and M&A team at Harper Macleod advised on 42 transactions in October as business owners and acquiring companies acted ahead of Labour’s first budget in 14 years. With businesses anticipating a hike in capital gains tax (CGT) and other tax raising measures, the team saw a mark

UK government borrowing hit £17.4 billion in October, the second-highest figure for the month on record. This surge, driven by increased public sector wages and rising debt interest payments, raises concerns about potential future tax hikes.

Chancellor Rachel Reeves delivered Labour's first budget in 14 years, unveiling a series of tax increases and spending commitments aimed at bolstering public services and stimulating economic growth.

Glasgow-based Revive Eco, a start-up using innovative technology to create a palm oil alternative from used coffee grounds, has secured a significant contract with French firm SAS Pivert, which will see chemistry and biotech specialists take the company’s upcycling process to an industrial sca

Summerhall, the Edinburgh Fringe venue facing closure earlier this year, has been issued a winding-up petition by HMRC for unpaid corporation tax. Founder Robert McDowell disputes the claim, stating that tax is only owed on profits and not on investments and asset sales.

A Japanese snack company has issued a public apology after raising the price of its popular puffed corn snack for the second time in 45 years. Umaibo (literally translated as 'delicious stick'), the snack known for its affordability and nostalgic appeal, has been a staple since 1979, originally cost

The Murray Income Trust plc, the £1bn investment company focused on UK equities, reported its annual results to 30 June 2024. Key highlights include:

SOLASTA Bio, a Glasgow-based agri-biotech firm, has successfully raised $14 million (c. £10.7m) in Series A funding to advance its groundbreaking nature-inspired bioinsecticides. The investment round was led by Forbion via its BioEconomy fund strategy, with co-lead investment from agricultural