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As artificial intelligence (AI) rapidly moves from a futuristic concept to a practical tool within the accountancy profession, firms across Scotland are grappling with its potential, integrating AI to enhance efficiency while navigating the risks and ethical considerations. Leading Scottish accounta

Kelso-based insect repellent manufacturer, Pyramid Travel Products, is set for expansion following a management buyout (MBO) supported by a £600,000 funding package from HSBC UK. The deal allows current managing director, Stefan Cameron, to acquire a majority stake in the company.

Glasgow-based mutual Scottish Friendly has announced its second-highest sales figures in its 163-year history for 2024, reaching £50.6 million annual premium equivalent. The result, slightly down from £51.1m in 2023, was supported by a roughly 30% year-on-year increase in sales of its ow

Opus Restructuring & Insolvency has bolstered its Scottish operations by appointing experienced insolvency practitioner Paul Dounis as a partner in its Edinburgh office. Mr Dounis joins Opus from RSM and brings over 35 years’ experience, having worked in major financial centres including A

Glasgow-based artificial intelligence (AI) specialist FD Intelligence has secured £200,000 in funding from UKSE, a subsidiary of Tata Steel, to accelerate its growth within the financial services sector. Founded in 2021, the Finnieston firm initially offered consultancy before developing its o

The UK government's shareholding in NatWest Group has fallen below 3%, marking a significant milestone in returning the bank to full private ownership following its £46 billion bailout during the 2008 financial crisis. The Treasury's stake, now at 2.99%, has been reduced through an ongoing tra

Azets has reinforced its dedication to sustainability, placing environmental, social, and governance (ESG) principles at the core of its long-term strategy, even as other firms scale back similar initiatives. Chris Horne, group CEO at Azets, said: "This is no time to slow down. sustainability is not

The Bank of Lithuania has imposed a €3.5 million (c. £3m) fine on Revolut for deficiencies in its anti-money laundering (AML) processes, marking the UK-founded fintech's largest financial penalty to date. The Lithuanian central bank, which oversees Revolut's European banking operations al

Private bank Hampden has relocated its Edinburgh headquarters and rebranded from Hampden & Co to Hampden Bank. The bank has moved from 9 Charlotte Square in Edinburgh, where it opened in 2015, to a newly developed double-townhouse office at 20 and 21 Charlotte Square, the iconic square that is p

Edinburgh-based LOOP Agencies is set to become Scotland's earliest employee-owned trust (EOT) this month, marking a significant milestone for the fast-growing marketing firm. LOOP doubled its headcount to 15 in 2024, its second year of trading while adding UK and international financial services bra

STV has become the latest tenant at Edinburgh's Orchard Brae House, taking 2,239 sq ft following a recent major refurbishment.

Ayrshire-based Green Home Systems has reported a 208% increase in turnover, rising from £6 million to £17m for the year ending 30 June 2024. The company, specialising in domestic energy efficiency retrofits, attributes its growth to a strategic expansion of its services and partnerships.

Wood Group has announced plans to accelerate asset sales to raise up to $200 million (c. £158m), following a trading update revealing "material" weaknesses in governance and a weaker-than-expected Q4 performance.

Virgin Money has launched a bespoke training programme for all its 4,000 customer-facing colleagues to equip them with the skills to support and talk to customers about their money worries and mental health, as research reveals four out of five UK adults (80%) feel more worried about their finances

Leading experts in technology and finance have joined together to launch a new Scottish Centre of Excellence for digital trust – which will aim to make the digital world safer and more resilient. Edinburgh Napier University (ENU) will host the Scottish Centre of Excellence in Digital Trust and