News

Chancellor Rachel Reeves is convening a summit with the heads of UK banks this Wednesday to address the economic fallout from the war in Iran. The Chancellor has invited executives from Barclays, HSBC, Lloyds, NatWest, Santander UK and Nationwide to the meeting, which will include figures such as Na

Almost half (49%) of the 55 profit warnings issued by UK-listed companies in Q1 2026 cited the impact of policy change and geopolitical uncertainty as a leading factor, according to EY-Parthenon’s latest Profit Warnings report. This marked the highest quarterly proportion recorded for this cau

Deloitte is calling on Scotland’s most innovative and rapidly growing technology scale-ups to apply for the firm’s prestigious UK Technology Fast 50. The annual ranking celebrates the fastest-growing tech companies across the UK, based on average revenue growth over a three-year period.

Actor Pedro Pascal is contesting the use of a Chilean pisco brand name he argues is too close to his own. Entrepreneur David Herrera, 41, registered the name Pedro Piscal in 2023 and began selling the spirit in shops and restaurants. He said: “We tried a few names and Pedro Piscal stuck,&rdquo

MML Law has advised on the sale of Dundee Press Agency to Hero Media & Entertainment, supporting a significant transition for one of Scotland’s best-known specialist publishing businesses. Founded by Graham Ogilvy more than 40 years ago, Dundee Press Agency has grown into a major publishin

Morgan Sindall Group has sharply upgraded its profit expectations for 2026, signalling a stronger-than-anticipated year driven by robust performances in its Construction and Fit-Out divisions.

Scottish businesses employing foreign workers are being urged to ensure they do not risk their sponsor licences by overlooking new legal obligations. As part of UK government measures introduced last month (March 2026), employers must make sure that sponsored staff understand their full employment r

PwC is drawing up plans to overhaul its global consulting business, aiming to deliver a more seamless service to multinational clients and close the gap on more tightly integrated rivals. According to five people familiar with the effort, the blueprint being developed by international leaders would

NatWest Group has announced a new financial education offering designed to demystify investing, as part of its free Financial Foundations programme. The new investment-focused workshop, which will be available nationwide from May 2026, has been designed to help more people understand the basics of i

Company insolvencies in Scotland climbed 11% year-on-year in March 2026, with 131 cases registered compared to the same month in 2025. The total comprised 57 compulsory liquidations, 53 creditors' voluntary liquidations (CVLs), 18 administrations and three receivership appointments. No company volun

Nearly 60 businesses and organisations across the north-east of Scotland are collectively owed almost £2.4 million following the collapse of craft beer giant BrewDog, according to a report published by the company's administrators. The administrators' statement of proposals, compiled by Clare

The UK hospitality sector is facing mounting pressure to build financial literacy at leadership level, and a new initiative from HIT Scotland and the University of Strathclyde Business School is set to address the challenge head-on. The two organisations have joined forces to launch a pair of two-da

James Stephen and Ben Peterson of BDO have been appointed as joint administrators to Merchant City Distributors Limited, an East Kilbride-based kitchen appliance company that has ceased trading after 25 years in business. The collapse has resulted in the loss of all 18 jobs.

JET Connectivity, a UK-developed technology firm specialising in infrastructure-independent 5G connectivity, has raised £1.2 million in a Pre-Series A funding round to accelerate its commercial growth.

Retail sales in Scotland fell sharply in March as anxious consumers reined in spending amid growing concerns over the Middle East crisis and the threat of rising energy prices and inflation.