News

A private investment platform with a completed $2.5 billion capital stack for its first data centre is the clearest signal yet that Scotland has moved from competing for capital to being competed for. For two decades, the prevailing account of the Scottish economy has been one of lag: behind London,

A detectorist who has been finding artefacts for two decades has made over £13,000 at auction after selling her finds. 

The Bank of England has begun a consultation on moving RTGS and CHAPS (the UK's high-value payment system) settlement hours towards near 24x7 operation.

Bank of Scotland-owner Lloyds Banking Group is considering phasing out Halifax.

Big Four audit firm PwC is being sued for $8 billion by the liquidators of the collapsed Chinese housing firm Evergrande. 

OpenAI has released a preview of its new personal finance suite in ChatGPT to Pro users based in the United States. The "new personal finance experience" enables user to connect their financial accounts, see a dashboard of where their money is going and ask ChatGPT questions relating to their financ

Alistair McAlinden and James Dewar from Interpath have been appointed as joint administrators to AIM Engineering & Fabrication Group Limited and Hescott Engineering Company Limited on 15 May 2026. AIM Engineering & Fabrication Group and Hescott Engineering Company, operating from Falkirk and

The Financial Conduct Authority (FCA), Bank of England and HM Treasury have issued a joint warning that frontier artificial intelligence models now pose a materially heightened cyber threat to regulated firms, and have set out clear expectations on how the sector should respond. In a joint statement

The Chartered Institute for Securities & Investment (CISI) received nearly 300 applications from women across 16 countries for its new Women in Finance membership programme, with the UK among the countries leading demand. Launched under the professional body's charitable objectives, the initiati

Scotland's mid-sized businesses could add over £500 million to annual economic output if they were able to make key decisions more quickly, according to FRP Advisory. The findings form part of FRP's Decision Economy report, produced in partnership with Development Economics, which examines the

UK financial firms can now move forward with tokenisation and distributed ledger technology (DLT) with greater confidence, following a joint announcement from the Financial Conduct Authority (FCA) and the Bank of England setting out a shared vision for the future of wholesale markets.

MHA has donated £3,500 to support financial literacy among young people in Aberdeen, marking the second Scottish award from the firm's MHA 1892 Foundation. The latest award has been made to CFINE (Community Food Initiatives North East), an Aberdeen-based social enterprise tackling food poverty

Edinburgh-headquartered Hampden Bank has appointed Graeme Mann as business development director. Mr Mann joins the private bank’s Edinburgh office from Coutts. He is an experienced banking and business development professional with over 25 years in financial services, specialising in relations

A spectacular blue-green diamond known as the "Ocean Dream" has shattered records at Christie's in Geneva, selling for 13.6 million Swiss francs (c. £13m) and setting a new world auction benchmark for diamonds of its colour. Weighing 5.5 carats and cut into a striking triangular shape, the gem

The accountant for two Glasgow restaurateurs jailed last year for VAT fraud has been spared prison after admitting reckless behaviour in submitting false returns.