News

An English man who won the lottery and fulfilled his dream of creating a crazy golf course in his garden is welcoming organisations supporting people with disabilities to test it out. 

Cracking down on insurance fraud remains a top priority for the industry as its latest figures reveal £1.1 billion worth of fraudulent claims were detected last year, up 4% on 2022, according to the Association of British Insurers (ABI). Insurers identified 84,400 fraudulent claims in 2023, 11

The OECD has significantly upgraded its UK economic growth forecast for 2024, now predicting a 1.1% expansion. This marks the largest upward revision among G7 nations and places the UK alongside France and Canada for growth. However, the OECD also warns of persistent inflationary pressures, with cor

Allia C&C, a leading financial services firm focused on charities and mission-driven businesses, is delighted to announce it has made grants totalling £150,000 to support high impact projects across Scotland. This is the first stage in a programme of grants which it expects to make across

The Scottish Government has reaffirmed its support for the construction of 2,800 mid-market rent homes with £100 million of investment. As announced as part of the 2024-25 Programme for Government, funding will be used alongside institutional investment – such as pension funds – to

Companies House has introduced new powers to drive better compliance and supports the agency in improving the accuracy of the UK company register and crack down on misuse. Registered companies are being warned to keep on top of their responsibilities ahead of new penalties being applied. 

Edinburgh-based AI fintech firm Aveni.ai has won the coveted "Fintech of the Year" award at the 2024 Scottish Financial Technology Awards. The ceremony, held at the Sheraton Grand Hotel, marked the start of the Scotland Fintech Festival and celebrated the achievements of the Scottish fintech sector.

Clyde & Co recently welcomed over 50 representatives from the insurance industry to its 2024 Scottish Liability Forum, which was held in Glasgow.

From 7 October 2024, victims of authorised push payment (APP) scams will be able to claim a maximum reimbursement of £85,000 for losses incurred through Faster Payments and CHAPS, the Bank of England's Payment Systems Regulator (PSR) has confirmed. This decision by the PSR board reduces t

Ahead of its centenary year, construction firm Morris & Spottiswood has announced record turnover of £128 million in 2023, a 25% rise from the previous year. Part of the Morris & Spottiswood Group, its founding business, Morris & Spottiswood Ltd, also achieved an operating profit o

Glasgow-based tech company PropEco, which provides an innovative technology platform that can assess the long-term value and viability of property, has secured seed funding of £275,000. The capital injection will be used to accelerate PropEco’s mission to empower property professionals,

Lomond Group has expanded its Scottish portfolio with the acquisition of Aberdein Considine's residential lettings business. The deal adds 1,700 properties, from across Aberdeen, Aberdeenshire and the central belt, to Lomond's Scotland brand, DJ Alexander, bringing its total managed properties

Johnston Carmichael’s Wealth team has placed first in the FTAdviser’s annual ranking of the Top 100 financial advisers for the third year running. The industry recognition follows Johnston Carmichael’s Wealth team’s ongoing adoption of innovative processes for clients, and in

PwC UK partners have seen their average pay drop to £862,000 this year, a 5% decrease from £906,000 last year. This comes as the firm's revenue growth slowed to 9%, down from 16% the previous year. Profits also fell by 14% to £1.1 billion.

Maven Capital Partners has completed a profitable exit from Edinburgh-based QikServe through a sale to business management software provider The Access Group, for an undisclosed sum. QikServe is a digital commerce platform, content management system, kiosk and mobile order and pay provider for the h