News

Bank of Scotland-owner Lloyds Banking Group has reported a significant 20.4% drop in annual pre-tax profit, falling short of market expectations. The UK's largest mortgage lender posted a profit of £5.97 billion for 2024, down from £7.5bn in 2023, missing analysts' forecasts of £6.

Blink-182 star Mark Hoppus will auction a rare Banksy painting that is estimated to be worth up to £5 million.

UK inflation climbed to 3% in January, exceeding forecasts and presenting a challenge for the Bank of England (BoE). The Office for National Statistics reported the annual rate of price growth was up from 2.5% in December and higher than the 2.8% predicted by economists polled by Reuters. This figur

A tax officer who embezzled thousands of pounds from His Majesty’s Revenue and Customs (HMRC) to pay off her mortgage and settle other debts has been jailed for two years. Joanne Connell, 37, used her position in the bankruptcy team and knowledge of the HMRC computer self-assessment system to

Infrastructure solutions company Costain has moved into a new office in Aberdeen. The office investment is in response to Costain’s growing customer base in the energy sector and will service engineering, energy resilience and energy transition projects in Scotland and across the UK.

Fit-out, refurbishment, construction and housing provider Morris & Spottiswood has expanded its drinks sector presence in Scotland as work recommences on a new-build distillery project for a drinks producer, located on the island of Islay.

Chartered surveyor DM Hall has welcomed four colleagues to the partnership. The four, Mark Rutherford, Felicity Forbes-Davidson, Steven Leith, and Charles Metcalf are from varied geographical locations and are representative of the extent and breadth of the firm’s business both in Scotlan

Pulpex Limited, a sustainable packaging technology company, has today announced a £62 million Series D investment round led by the National Wealth Fund (NWF) and the Scottish National Investment Bank.

HSBC has announced plans to save $300 million (c. £240m) in 2025 and cut $1.5 billion (c. £1.2bn) from its annual cost base by the end of next year. This comes as the bank details the impact of Group CEO Georges Elhedery’s restructuring. The bank also aims to redeploy $1.5bn from n

The average price of a property in Scotland reached £189,000 in December 2024, an increase of 6.9% when compared to the same period a year earlier, new UK House Price Index figures have revealed.

Businesses concerned about the new 15% employers’ national insurance contributions (NIC) rate have less than 50 days in which to reduce the impact of the higher rate by embracing non-salary alternatives that reduce costs whilst continuing to provide employees with attractive remuneration packa

Google has been fined by a Russian court for hosting YouTube videos which instruct Russian soldiers in Ukraine on how to surrender. The fine of 3.8 million rubles (around €40,000 or £33,000) was imposed by Tagansky District Court in Moscow on Monday, according to Russia's state-owned TASS

Glasgow-headquartered Walker Precision Engineering has appointed George Adams as CEO. Walker is a strategic supplier to numerous key primes in the Aerospace, Defence & Space (ADS) sectors. This appointment provides strong strategic leadership in the company’s journey of operational excelle

Scotland's labour market has demonstrated continued strength despite the challenging economic climate, according to the latest figures. For the period of October to December 2024, the employment rate reached 74.2%, a 0.9% increase over the quarter, although still slightly below the UK average of 74.

Edinburgh-based breakthrough payment orchestration provider BR-DGE has announced that Resident Advisor, a platform in the electronic music community, has selected BR-DGE to provide global orchestration services as it continues to expand internationally. Resident Advisor’s new platform will ben