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The Scottish economy has suffered a £3 billion hit as a result of Brexit as uncertainty has led to a decrease in investment and growth, the Fraser of Allander Institute has found.

PwC Scotland has appointed Allan McGrath as head of financial services, Martin Hislop as partner and Colin Carmichael as director of the firm's Edinburgh Office. Allan McGrath takes up the position of head of financial services at PwC Scotland, following Stephanie Bruce’s move to become chief

Mactaggart & Mickel has reunited with Mactaggart Family & Partners to secure a £10 million acquisition of two commercial properties in Edinburgh’s New Town. The union sees the two companies, which were joined from 1925 until 1943 as Mactaggart & Mickel come back together to s

Tata Steel subsidiary UK Steel Enterprise (UKSE) has provided a six-figure funding boost to furniture manufacturer Aquapac.  The Cumbernauld-based company, which specialises in the manufacturing of furniture products, plans to expand its design and engineering team by 50% to

Accountant in Bankruptcy (AiB) has released official statistics reporting personal and company insolvencies in Scotland for the second quarter (July to September 2019) of 2019-20.

The Vatican has launched the Click to Pray eRosary which is a wearable technology bracelet featuring a crucifix interface which tracks the user's worship.

Three construction firms have been fined more than £36 million in total for breaking competition law in supplying certain concrete drainage products for building projects following an investigation by the Competition and Markets Authority (CMA).

Stuart Robb and Michelle Elliot of Leonard Curtis Business Rescue & Recovery Limited have been appointed joint administrators of Sharc Highlands Limited and issued a call for expressions of interest in the company's assets. The company is a wholly-owned subsidiary of Sharc Energy Limited, which

Megan Butler, executive director of supervision - investment, wholesale and specialists at the Financial Conduct Authority (FCA), delivered a speech at the Royal United Services Institute in London. In her speech, she emphasised that financial crime and the criminal activity it facilitates caus

Royal Bank of Scotland (RBS) has posted a loss in the third quarter after being hit by £900 million in charges for payment protection insurance. The bank also said that its investment bank had a "particularly challenging" three months.

Citizens Advice Scotland (CAS) issued a warning yesterday that an increasing number of people may be being sold debt solutions that don’t work for their circumstances. CAS made the claim in response to the latest quarterly figures released yesterday from Accountant in Bankruptcy, which show a

UK software consultancy Infinity Works has opened a new office in Edinburgh after winning a second major client in the Scottish financial services industry. The client is an unnamed but "well-known bank".

St Andrew’s Brewing Company, Creo Engineering and EVi Charge Points have secured loans of £100,000, £40,000 and £25,000 respectively from Business Loans Scotland (BLS) to support business expansion and recruitment of new employees. BSL is fully funded through the Scottish Gro

Ben Zielinski, a senior associate in the commercial litigation team at Shoosmiths in Edinburgh, considers the significance of a recent judgment in the Court of Session that has given greater clarification of how much notice a landlord needs to give to terminate a commercial lease in Scotland. A rece

Growth among Scottish SMEs exceeds the UK average but firms are still not fulfilling their export potential, research by Censuswide for UK Export Finance (UKEF) has found.