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Pheno Therapeutics, a new drug-discovery spin-out from the University of Edinburgh, has been launched with the backing of Series A funding totalling £5 million from Advent Life Sciences, the Scottish Investment Bank and LifeArc. With the £5m funding spanning over its first three years, P

The Financial Reporting Council (FRC) has today published guidance for companies on disclosure of risks and other reporting consequences arising from the emergence and spread of Coronavirus (COVID-19). The regulator is also discussing with audit firms whether the virus affects their ability to revie

HSBC has revealed a new radical restructuring plan which will see the bank cut 35,000 jobs as the company saw pre-tax profits drop by 33%.

The Financial Conduct Authority (FCA) has today published its annual Sector Views, an assessment of the risks and potential harm to consumers across financial services markets. The Sector Views look at the impact of macroeconomic developments and common drivers of change emerging across financial ma

Chartered accountant Wylie & Bisset has joined Glasgow City Council’s new Business Growth Programme, under which it will provide a range of business structuring and business financial management advice to local SMEs. The programme is funded by the European Regional Development Fund through

Moneybarn, the car financing arm of Provident Financial, is facing a £2.8 million fine from the Financial Conduct Authority (FCA).

Millions of savers have suffered at the hands of the National Savings and Investments (NS&I) bank after it cut payouts on accounts and Premium Bonds.

Two Scottish entrepreneurs who created the pet food brand Bella & Duke are embarking on a sales and marketing push after securing a £100, 000 loan from UMi Debt Finance Scotland. Chief executive Mark Scott and chief operating officer Tony Ottley founded Blairgowrie-based Bella & Duke w

North east-based Phil Anderson Financial Services has donated £1,000 to Aberdeen Cyrenians after it matched a donation made by Skipton Building Society.

Scottish unemployment decreased by 14,000 to 96,000 in the final quarter of last year, according to the latest Office for National Statistics (ONS) Labour Market Overview. The unemployment rate for people aged 16 and over currently stands at 3.5%, compared with 3.8% for the rest of the UK collective

Fintech company Modulr will host its first Accountancy Innovation Roadshow on the 20th of February in Edinburgh, as the first of a six-city tour of the UK. The series of events forms part of the FinTech’s £20m investment to deliver simple, secure and reliable payments services for accoun

Edinburgh-based building and project consultancy Paragon has launched a green investment service to help property investment funds set and attain specific environmental targets. Paragon’s proprietary two-stage service comprises a ‘green book’ guide which enables funds to set standa

A polygamist with three wives and ten children has told a court that he helped to defraud the US government of nearly $470 million (€434m).

Property developer Igloo Regeneration has ruled that staff cannot put meat on their expenses.

Fife Council has invested £20,000 to support crowdfunding campaigns aimed at establishing new community projects. Any local voluntary group can use "Crowdfund Fife" to unlock funding and can also attract additional funds from the council if the project fits certain criteria.