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UK house prices have continued to grow in July reaching annual growth of 11% in spite of lower affordability amid rising inflation and growing interest rates.

Clydesdale bank owner Virgin Money UK PLC's Q3 results have revealed a 45% increase in account sales keeping profitability strong. The bank saw roughly 45,000 digital personal and business current accounts opened in Q3, as well as 160,000 new credit cards opened. This follows a record 175,000 new cr

The Financial Reporting Council (FRC) has launched a consultation on its draft proposals for how the new regulator, the Audit, reporting and Governance Authority (ARGA), should be funded.This follows the Government Response to its consultation on Restoring Trust in Audit and Corporate Governance, wh

The Financial Conduct Authority (FCA) has finalised stronger rules to help tackle misleading adverts that encourage investing in high-risk products.

Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed as joint liquidators of homecare business Assist Homecare Scotland Ltd. Mr Patullo and Mr Craig were appointed on July 29.

Scotland’s prime house market is continuing to see record levels of demand, including for million pound properties, as well as higher price growth than anywhere else in the UK. However, there are signs that the market is beginning to steady due to economic headwinds, according to Savills lates

The number of personal insolvencies seen across Scotland rose by 11.2% during the first six months of 2022. Amid spiralling inflation and rising interest rates, fuel and energy costs continue to put households under pressure leading to an increase in personal insolvencies.

The rate of credit card borrowing has reached 12.5%, the highest annual growth rate since 2005.  Figures in the Bank of England's Money and Credit June 2022 report show that individuals borrowed an additional £1.8 billion in consumer credit in June, on net, following £0.9 billi

Elvis Presley's personal jewellery collection is set to go up for auction at the end of this month. The collection, which Presley gave to his manager Colonel Tom Parker, will be up for grabs on August 27.

HSBC has released its 2022 H1 results and reported profit after tax of $9.2 billion (£7.5bn). Pre-tax profit has fallen but has come ahead of expectations. The bank has said it expects net interest income of at least $31bn (£25bn) for 2022 and at least $37bn (£30bn) for 2023,

Fast-growth businesses in Scotland attracted over half a billion pounds of venture capital (VC) investment in the first half of 2022, according to the latest figures from KPMG UK. Despite investors becoming more cautious globally, there were 45 investments completed in Q2 2022, raising over &po

Wylie & Bisset has advised company directors who are struggling to meet Bounce Back Loan Scheme (BBLS) repayments, to speak to an accountant to assess the viability of their business going forward and explore their options to avoid the risk of prosecution. In April 2020, at the outset of the pan

Michelle Elliot and Stuart Robb from FRP Advisory have been appointed joint liquidators of Perth-based car sales firm Jackson Mathieson Car Sales Limited. The company, which is based at Inveralmond Industrial Estate, closed suddenly earlier this summer.

Customs consultancy firm Charlton House has been acquired by tech-enabled, business-critical services group AAB. Charlton House provides customs duty advice and compliance services to a wide range of businesses on all aspects of the customs’ supply chain and has a particular emphasis on custom

Bank of Scotland-owner Lloyds Banking Group has announced that it will be closing 66 branches between October and January of next year. A total of 48 Lloyds Bank branches and 18 Halifax branches will be closing, none of which are in Scotland.