News

FinTech Scotland has launched a new Financial Regulation Innovation Lab (FRIL) in partnership with the University of Strathclyde and the University of Glasgow. The initiative aims to deliver a wide-ranging, ambitious research agenda, led by and actionable for the financial sector, to help advance un

A Scottish business owner who faced financial uncertainty after her bank exited the SME market has successfully refinanced £8 million of debt with The Cumberland Building Society. Chartered accountant Margaret Beattie runs a chain of serviced apartments known as The Spires, but when her connec

Building tender prices in Scotland rose by 1% in the fourth quarter of 2023 compared with the previous quarter and 5% year-on-year, the recently formed BCIS Scottish Tender Price Assessment Panel (STPAP) has found. The more remote areas of Scotland, including the Highlands and Islands, were highligh

Plans for new student homes on the site of Portcullis House at Charing Cross in Glasgow has been submitted to Glasgow City Council.

Barratt Developments Scotland has made a substantial contribution of £355.5m to the Scottish economy, an independent assessment has concluded. In the year ending 30 June 2023, Barratt Developments Scotland, which includes Barratt Homes and David Wilson Homes, also completed 1,951 new homes and

Plant hire company GAP Group Limited has succeeded in an appeal against HMRC relating to the rate of VAT charged on red diesel provided in plant equipment for hire.

Family-owned luxury jewellers Laings has revealed its plan to open a second TAG Heuer boutique in Edinburgh's prestigious Multrees Walk in Spring 2024. This follows the successful launch of Scotland’s first TAG boutique on Glasgow's Buchanan Street in September.

Saudi Arabia's Public Investment Fund (PIF) has acquired a 49% stake in Rocco Forte Hotels. This deal puts the value of the luxury hotel group at £1.4 billion, inclusive of debt, according to the Financial Times.

Glasgow-based fashion retailer Quiz has initiated a strategic review after it reported a pre-tax loss of £1.5 million for the first half of the year ending September 30, a stark contrast to the £1.8m profit in the previous period.

The Scottish Beer & Pub Association (SBPA) and the Scottish Licensed Trade Association (SLTA) have joined forces, calling on the Scottish Government to pass on funding for their sector following the Chancellor’s Autumn Statement which will see English businesses receive a 75% reduction in

The University of Glasgow has unveiled its latest addition, a £85 million state-of-the-art building dedicated to the Adam Smith Business School, marking a significant milestone in Scottish academia and business education. The new Adam Smith Business School Building and Postgraduate Taught (PGT

The latest Business Outlook Tracker by Grant Thornton has shown a significant decline in mid-market business sentiment in Scotland, with a notable impact on profit expectations and investment. The December survey highlights that one-third (32%) of businesses anticipate a decrease in profits over the

Scotland-headquartered orbital launch services company Orbex has made a strategic move with the appointment of John Bone as its new chief commercial officer. His appointment marks a significant step for Orbex as the company gears up for the historic launch of Orbex Prime from its “home”

The average selling price of property in Edinburgh, the Lothians, Fife and the Borders dropped 6.6% year-on-year to £273,348, according to new figures from ESPC.

Catholic nuns who own shares in gun maker Smith & Wesson are suing the company over its manufacturing of "mass-killing assault weapons". New York law firm Newman Ferrara LLP is representing the coalition of four congregations of Catholic sisters who have filed the stockholder derivative lawsuit