News

Scotland's unemployment rate rose to 4.3% in the three months to March 2025, an increase of 0.5 percentage points from the previous quarter, according to Office for National Statistics (ONS) data.

Firms have reported that increased global economic uncertainty, particularly related to US tariff announcements, is significantly impacting demand across various regions. The Royal Bank of Scotland Growth Tracker – a seasonally adjusted index that measures the month-on-month change in the comb

Edinburgh-based digital forensics company, Cyacomb, has appointed a new chair and secured an additional £2.25 million from the Scottish National Investment Bank to further scale the company and expand the international application of its technology. Cyacomb’s technology quickly and thoro

Scotland’s economic growth is being held back by a chronic shortage of housing, and urgent action is required to remove this barrier to investment and jobs, a new report from Prosper (Scottish Council for Development and Industry) has warned today. Drawing on insights from over 100 stakeholder

Scotland's burgeoning financial technology (fintech) sector is set to take centre stage at Europe's largest fintech conference, Money 20/20. Ten scaling Scottish fintech small and medium-sized enterprises (SMEs) will present their innovative solutions as they explore opportunities for international

Industry leaders have set out ambitious plans to unlock growth in Scotland’s globally-renowned asset management sector. Asset management was identified as a key engine for growth in the wider Sector Growth Strategy, 18 months ago. This new, focused plan outlines how Scotland’s deep exper

The Law Society of Scotland has announced the appointment of dual-qualified solicitor Ben Kemp as its new chief executive officer. Mr Kemp is set to join the professional body in August, transitioning from his current role as general counsel and executive director at the Institute and Faculty of Act

The UK's insurance market may soon operate under simpler, more straightforward regulations, according to proposals released by the Financial Conduct Authority (FCA).

Scots bosses have been urged to let their workers knock off early this Thursday – but only if the mercury hits a sizzling 20°C. Beer legends Innis & Gunn have launched the "3pm pledge" – a sunshine-soaked initiative urging employers to let their hard-grafting teams down tools at

A former local authority employee who embezzled more than £1 million from Aberdeen City Council over a 17-year period has been ordered to repay more than £165,000 under proceeds of crime laws. Michael Paterson, 60, was imprisoned for four years at the High Court in Edinburgh last July af

Fife-based bagpipe manufacturer RT Shepherd & Son has entered liquidation due to financial difficulties, with its assets being acquired by another local business, Broadleys Bagpipes & Reeds. Founded in the 1970s by the renowned Robert “Bob” Shepherd, the Cardenden-headquartered c

Allied Surveyors Scotland has announced the return of Eilidh Walker MRICS to its Aberdeen office, marking a significant addition to the firm’s professional team in the north east. Eilidh originally joined Allied as a trainee after completing a postgraduate degree in Property and Economics. She

Several members of the Bank of England’s Monetary Policy Committee (MPC) have signalled that persistent inflation could impede further interest rate reductions this year, a stance more cautious than current analyst expectations. This warning follows a recent MPC decision to lower the Bank Rate

Terra Firma Chambers’ Derek Francis has been awarded the Chartered Institute of Taxation and Association of Taxation Technicians Certificate of Merit and Appreciation at the CIOT and ATT Joint Presidents’ Reception held last Thursday at The Royal Yacht Britannia, Edinburgh. The award was

Medical gas pipeline specialist Hospital Pipeline Installations Limited (HPI) has entered administration, with Blair Milne and James Fennessey of Azets appointed as joint administrators. Founded in 1984, the Paisley-headquartered, which also operated from an office in Rochdale, was a prominent desig