News

A £1.7 million project to help businesses grow in Shetland secured up to £486,956 investment from Highlands and Islands Enterprise (HIE). Whiteness-based building firm, G A Leask Builders has purchased a large warehouse in Lerwick. A project to convert the premises into four units is und

A bus driver with 29 years of service has lost a retirement package worth £63,800 because he stole £5 in passenger fares. The man was sacked by Kyoto City in Japan after he was caught stealing the paltry sum of ¥1,000 in 2022.

Glasgow-based artificial intelligence (AI) specialist FD Intelligence has secured £200,000 in funding from UKSE, a subsidiary of Tata Steel, to accelerate its growth within the financial services sector. Founded in 2021, the Finnieston firm initially offered consultancy before developing its o

Gold prices surged to a new record high on Wednesday, breaking the $3,300 (c. £2,493) per ounce barrier.

The Scottish Government's recent commitment to raise the charity audit income threshold from £500,000 to £1 million marks a significant shift in the regulatory landscape for Scottish charities. This change, set to take effect with the introduction of new Charities Accounts (Scotland) Reg

A new Scottish energy transition hub is set to launch in Abu Dhabi – the centre of the United Arab Emirates' (UAE) energy sector. The hub will support Scottish companies working in the clean energy sector and provide them with direct access to the substantial UAE market.

Edinburgh's Smart Data Foundry has launched the Economic Wellbeing Explorer, a platform offering unprecedented insight into financial hardship across Scotland. Using near real-time data from 5.3 million bank accounts, the Explorer tracks economic resilience and wellbeing at national, regional, and l

Clean technology firm H2CHP has received £800,000 in new funding from TRICAPITAL Angels and Blackfinch Ventures to advance its innovative free-piston engine designed to help decarbonise the shipping sector. This latest investment brings the total raised by the company to nearly £4 millio

PwC has withdrawn from over a dozen countries, severing ties with member firms deemed too small, risky, or unprofitable as the accounting giant seeks to avoid further scandals. Most recently, the Big Four firm ended its relationship with 10 member firms across francophone Africa. This followed discu

The Financial Reporting Council (FRC) has launched an investigation into EY's audits of the Post Office for the financial years 2015 to 2018. The probe stems from the ongoing fallout of the Horizon IT scandal, which saw hundreds of sub-postmasters wrongfully convicted based on faulty software data.

A distinctive Arts and Crafts bracelet by renowned Scottish jeweller Sibyl Dunlop (1889–1968) has sold for more than triple its £8,000 estimate at auction.

The UK government's shareholding in NatWest Group has fallen below 3%, marking a significant milestone in returning the bank to full private ownership following its £46 billion bailout during the 2008 financial crisis. The Treasury's stake, now at 2.99%, has been reduced through an ongoing tra

The number of growing UK sectors held steady in March, according to the latest Bank of Scotland UK Sector Tracker. Compiled using exclusive PMI survey data from around 1,300 private sector companies (between 12-27 March), the report shows that four sectors saw output growth, the same number as in Fe

Accountancy firm Grant Thornton UK increased the average profit per partner by 6% to £682,000, as it reported strong financial performance for the year ending 31 December 2024. Net revenue climbed to £724 million, up from £654m the previous year, marking double-digit growth. Howeve

A local Ayr bakery is on the rise after securing a listing with a national supermarket chain following support from Business Gateway. Led by director Rachel Munro, The Rebel Baker specialises in creating allergen-free products that meet the needs of sweet-toothed individuals with food sensitivities.