News

Customers of Lloyds, Halifax and Bank of Scotland were left alarmed after a technical fault caused their mobile banking apps to display the transactions of complete strangers. The glitch occurred on the morning of Thursday 12 March, with those affected reporting seeing other people's names, sort cod

SeaDyes, a Scottish startup developing fabric dyes from seaweed, has secured £200,000 in funding after entering the Company Creation phase of Scottish Enterprise's High Growth Spinout Programme. The company – which was founded by marine scientist and biotech innovator Jessica Giannotti i

Scottish retail sales ground to a halt in February 2026, with total sales recording no growth, flat at 0.0% compared with a 0.4% decline in the same month last year, according to the latest SRC-KPMG Scottish Retail Sales Monitor. The result fell below both the three-month average rise of 1.2% and th

The United Kingdom's economy recorded zero growth in January, according to the Office for National Statistics (ONS), as weakness across key sectors of the economy compounded an already fragile outlook. The services sector, which accounts for the largest share of economic output, showed no growth dur

Brian Milne and Ishbel Macneil of Quantuma Advisory have been appointed liquidators to Gracey Avenue, Dunfermline's only dedicated lingerie retailer, resulting in the loss of five jobs. A Companies House filing shows the Fife business passed a special resolution on 5 March confirming that the compan

A former manager at Royal Bank of Scotland's (RBS) controversial Global Restructuring Group (GRG) has pleaded guilty to bribery after accepting more than £600,000 in corrupt payments from customers in exchange for preferential treatment of their businesses. Stuart Holloway, 48, of Bury, Greate

A group of Scots who have all been diagnosed with cancer will take to the catwalk later this month to model some of the latest fashions in the closing show of this year’s Edinburgh STYLE event. The Catwalk for Cancer Research, organised by local charity Business Beats Cancer Edinburgh on behal

Scottish Enterprise has approved a £4.74m package to deliver a major new development at the Advanced Manufacturing Innovation District Scotland (AMIDS) in Renfrewshire. This funding will be matched by the AMIDS joint venture partners Renfrewshire Council and Buccleuch Property and will facilit

The head priest and dean of a 150-year-old church has been charged with shoplifting a four-figure sum's worth of trading cards. The Very Rev Aidan Smith, dean of Trinity Episcopal Cathedral in downtown Pittsburgh, is alleged to have stolen 27 packs of baseballs cards from a Walmart.

The Prudential Regulation Authority (PRA) has imposed a financial penalty of £10,625,000 on U K Insurance Limited (UKI Limited) in connection with a miscalculation of their Solvency II balance sheet during 2023 and 2024. This resulted in UKI Limited overstating its solvency to the PRA and to t

New findings from Bank of Scotland’s Business Barometer show that AI is helping Scottish firms work more efficiently and unlock new opportunities for growth. Scottish businesses integrating AI into their operations are reporting significant financial benefits, with 96% seeing increased product

More than two-thirds (70%) of small business leaders in Scotland have not pursued a potential business venture because of a lack of confidence, new research by YouGov on behalf of the British Business Bank has revealed. This crisis of confidence is costing the UK over half a million potential busine

Revolut Bank UK Ltd has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK.

A long-established family-run specialist flooring contractor headquartered in East Kilbride has ceased trading after its directors appointed administrators this week, with 43 employees made redundant. George Lafferty of BTG was appointed administrator of Industrial Floor Treatments Limited on 10 Mar

BGF-backed hedgehog lab, the Newcastle-headquartered digital product consultancy, has appointed Malcolm Seagrave as chief executive as it accelerates expansion plans that place Scotland at the heart of its ambitions. Mr Seagrave steps up after 18 months as managing director of the firm's UK operatio