News

Housing stock across the UK is characterised as “expensive, cramped and ageing” when compared with that of other countries, according to new analysis by the Resolution Foundation.

Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years. The ambition, spanning from January 2024 to the end of 2026, aims to support local housing authorities and associations in delivering and

Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration. Scottish Financial Enterprise, City of London Corporation and Scottish Government met in Edinburgh on Thursday to discuss opportunities for gro

Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023. The company achieved its 2025 growth target two years early, with £1.5 billion in new business cash generated by its Standard Life division.

In an admission at the House of Lords that filled the chamber with laughter, former police chief Lord Mackenzie of Framwellgate revealed he didn't report his wife's stolen credit card because the thief was spending less than she typically did. The North East peer left fellow Lords in stitches as he

Robertson Group has reported a 9% increase in turnover in its last full trading year but the contractor also suffered a 20% plunge in profits. Financial results for the year ending 30 June 2023 show turnover was up to £670.9 million, from £615.6m in 2021-22, while pre-tax profi

Hospitality businesses which depend on overseas staff must act now to benefit from current salary rules ahead of controversial new immigration regulations, a specialist solicitor has warned. Gurjit Pall, immigration solicitor at full-service law firm Thorntons, issued the advice prior to the introdu

Ayrshire-headquartered Edison Capital, a rapidly expanding conglomerate with interests in property, construction, hospitality and leisure, has acquired quick service restaurant (QSR) concept business, Burrito Picante, in an all-cash deal.

Johnston Carmichael’s most senior audit professional is swapping running numbers for running shoes in aid of a charity campaign to encourage social mobility in the accountancy profession. Graham Marjoribanks, partner and head of audit at Johnston Carmichael, is running a half marathon to raise

Average Scottish house prices have risen £12,379 in the last 12 months, according to analysis of the latest official statistics by DJ Alexander Ltd. The Scottish lettings and estate agency said that the latest data from the monthly house price index shows that between February 2023 and January

Arbroath-based Angus Soft Fruits has reported a strong turnaround, posting pre-tax profits of over £290,000 for the year ended 30 March 2023, according to accounts filed with Companies House. This contrasts with a loss of nearly £115,000 in the previous year, despite a slight dip in

Doug Barrowman, the husband of Baroness Mone, has been acquitted of embezzlement and tax fraud after a trial in Spain. Mr Barrowman and his business partners had been accused over a £16 million deal to purchase a cable factory that went on to file for bankruptcy.

The Bank of England (BoE) has decided to keep interest rates unchanged at 5.25%, despite a drop in inflation to 3.4% in February – the lowest level since September 2021. The positive inflation figures, released on Wednesday, came ahead of the BoE's latest interest rate decision today.

A new independent bar called Ruma – Scots Gaelic for rum – has announced it is opening its doors next week on Broughton Street in Edinburgh's New Town. Run by seasoned co-owners and Scottish bar operators Jamie Shields and Steven Aitken, Ruma will offer the largest selection of rum in Sc

HM Revenue and Customs (HMRC) has backtracked on plans to shut its self-assessment telephone helpline for half the year after facing intense backlash. The tax authority had announced the line would close between April and September, directing taxpayers online instead. However, less than 24 hours lat