News

Four major UK banks, HSBC, Lloyds, TSB, and AIB, are under scrutiny by the Competition and Markets Authority (CMA) for breaching a 2017 order designed to ensure fair competition in the retail banking sector. The order mandates accurate information on products and services, including interest rates a

The Financial Reporting Council (FRC) has issued a record £48.2 million in fines last year, surpassing the previous year's total. This increase is due to the conclusion of several high-profile cases, including investigations into the audits of collapsed contractor Carillion and the scandal-hit

CB Payments Limited (CBPL) has been fined £3,503,546 by the Financial Conduct Authority (FCA) for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates a prominent cryptoasset trading platfor

Drax shares have soared over 12% to a 52-week high of 636p following strong first-half results, a promising full-year outlook, and the announcement of a £300 million share buyback. Pre-tax profits surged 37% to £463m for the six months ending 30 June. The FTSE 250-listed energy firm now

American petroleum drilling firm Helmerich & Payne, Inc (H&P) has come to a definitive agreement to acquire of Portlethen-based KCA Deutag for a cash sum of $1.9725 billion (c. £1.53bn).

Highlands and Islands Enterprise (HIE) has reported that its support for Moray businesses and communities in the last financial year will lead to the creation or retention of over 100 jobs. The agency's outturns for 2023/24 were achieved through a combination of financial and non-financial intervent

Alliance Trust has reported a positive performance for the first half of 2024, with increases in both share price, up 9% to 1,212p, and NAV per share, up 8.4% to 1,273.9p. The company's total returns slightly underperformed against the benchmark MSCI ACWI index, primarily due to lower holdings in te

As a direct legacy of the 2014 Glasgow Commonwealth Games, urban regeneration company Clyde Gateway has created thousands of jobs, supported thousands of businesses, and brought over 150,000 square metres of office and industrial workspace into use in the East End of Glasgow and Rutherglen. As a con

TLT has announced another year of strong financial results with 12% year-on-year increase in turnover for 2023/2024. Annual revenue at the firm is up to £174 million from £157m in 2022/2023. Results for 2023/2024 were recorded over an 11-month period and subsequently annualised after TL

Germany has objected to Turkish efforts to impose rules across the EU on what can and can't be called a doner kebab. Turkey is trying to secure 'traditional speciality guaranteed' status for doner, strictly defining it as beef and lamb horizontally sliced into cutlets with a thickness of 3-5mm, or c

NatWest Group's shares surged to 7.5% in Friday's morning trading after the bank reported positive first-half results, raised its annual outlook, and announced a £2.5 billion mortgage portfolio acquisition from Metro Bank. Despite a 7.7% drop in total income to £7.13 billion, NatWest's p

Edinburgh’s house price growth is inevitable due to its unique circumstances according to DJ Alexander. The lettings and estate agency said that over the last decade Scotland’s capital has benefitted from double digit population growth of well-qualified, well-paid, working age people fro

Armstrong Watson has welcomed a record 37 graduate trainees this year.

The Aberdeen housing market has shown "encouraging signs of increased activity" as the latest statistics recorded increases in all three main indices for the first time since 2022. The Aberdeen Solicitors’ Property Centre Limited (ASPC), in cooperation with the University of Aberdeen Busi

Azets has unveiled 32 promotions across Scotland, including Alan Glen as VAT partner in Edinburgh. Mr Glen has extensive experience advising a wide range of businesses and public sector organisations on VAT issues, from start-ups and spin outs through to owner managed businesses, international