News

FinTech and challenger bank Revolut has announced today that it has received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA). Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’, a com

Lloyds Banking Group reported a half-year pretax profit of £3.32 billion, a decline from the previous year due to increased costs and shrinking net interest income.

Scots property firm the SRE Group has agreed a lease with Isle of Harris Distillers for the 870 sq ft second floor at 25 Blythswood Square, Glasgow, meaning that the refurbished building is now fully let. With the distillery located in the heart of the Isle of Harris, the new space at 25 Blythswood

Scottish Enterprise has announced a new support programme for businesses ready to undertake capital investment but looking to develop leaders, change business processes as well as improve digital systems to maximise impact. Workplace Transformation Support will see grants of between £15,000 to

Accounting and advisory firm MHA has reported revenues of £180 million for the year end 31 March 2024, an increase of 27% on £142m reported in 2023. Revenue has doubled in the last 4 years from £90m in 2020. Total headcount is now 1,820 people across 24 offices with 136 partners.

Vini Cowden, an energy specialist lawyer focused on electricity transmission, carbon capture and storage, and offshore wind, has become the latest partner to CMS’s Aberdeen office. She relocates to the Granite City from Glasgow where she has been based since joining CMS in 2001.

Residents and industry are being encouraged to share their experiences of Edinburgh's short-term lets (STL) licensing. Available online until October, the City of Edinburgh Council is launching a 12-week consultation as part of a planned review of the local policy. This is in line with a decision ta

Scotland’s commercial property sector saw a marginal rise in overall occupier demand for the third consecutive quarter, supported by a less negative picture regarding demand for retail space, according to the Royal Institution of Chartered Surveyors (RICS). The latest RICS Commercial Prop

Business confidence in Scotland has increased marginally quarter-on-quarter but lags the UK average, according to ICAEW. Sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) for Q2 2024 put confidence at 15.6 on the index, up from 15.4 the previous quarter and ahead of the historical

'Intimate' letters and cards written by Princess Diana are to be sold at auction.

Scotland's corporate insolvencies dipped by 3.1% in Q1 2024-2025 compared to the previous fiscal year, totalling 283. Despite this decrease, figures are still 17.9% higher than pre-pandemic levels.

The company behind plans drawn up by Silicon Valley billionaires for an $800 million (c. £620m) utopia in central California have been forced to put the project on hold after the release of a report highlighting huge potential costs to taxpayers. California Forever had promised

The Royal Family's annual income is set to rise by 53% to £132 million in 2025/26, thanks to soaring profits from the Crown Estate.

Aberdeen-headquartered Proserv has undergone a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company’s 60-year history. Led by CEO Davis Larssen and CFO Mark Fraser, the multi-million pound deal is backed by GIIL

Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules announced today by the Financial Conduct Authority (FCA).