News

Mortgage approvals for UK homebuyers fell for the third consecutive month in March, signalling a potential market slowdown, according to the Bank of England. Falling by 800, approximately 64,300 mortgages for house purchases were approved – a key indicator of future borrowing activity.

HSBC has announced that its group chairman, Sir Mark Tucker, will retire before the end of 2025, concluding an eight-year tenure that began in October 2017. During his leadership, HSBC navigated significant global challenges, including the Covid-19 pandemic, rising living costs, and increased US-Chi

Kelso-based insect repellent manufacturer, Pyramid Travel Products, is set for expansion following a management buyout (MBO) supported by a £600,000 funding package from HSBC UK. The deal allows current managing director, Stefan Cameron, to acquire a majority stake in the company.

Fourteen leaders from Scotland's burgeoning technology sector are preparing for the third Techscaler Silicon Valley programme this month. The cohort will spend three weeks in San Francisco and the wider Bay Area engaging with investors, potential customers, and industry peers within the world-renown

As leading retailers become the latest victims of cyber-attacks, RSM UK is advising businesses to review their cyber risk controls to ensure they are as robust as possible. Earlier this month the government launched its National Cyber Security Centre (NCSC) Cyber Governance Code of Practice, providi

Scottish climate tech venture studio Ventex has made several key senior appointments as it prepares for international expansion. Cross-border business development specialist Eddie Moore has joined the Aberdeen-headquartered firm as a partner to support its growing portfolio of companies.

A cutting-edge £2.5 million optical ground station, designed to secure next-generation communications against cyber threats, officially opened today (2nd May 2025) at Heriot-Watt University's Research Park in Edinburgh. The Quantum Communications Hub Optical Ground Station (named HOGS) represe

A man has been ordered to pay thousands of pounds in costs after losing an appeal over a £200 fine for his noisy cockerel. Neighbours of 80-year-old Hampshire man Harold Brown complained of being woken up at 5am by his cockerel crowing, the BBC reports.

Aberdeen Group experienced client withdrawals totalling £5.2 billion during the first quarter of 2025, driven by market volatility and a significant £4.2bn redemption from its largest client – Phoenix Group. This contributed to a decrease in assets under management (AuM) from &poun

Lloyds Banking Group has reported a 7% fall in pre-tax profits to £1.52 billion for the first quarter, despite a 4% increase in net income to £4.39bn. The decline was primarily driven by higher costs and increased impairment charges for potential bad debts.

Group accounts for building, infrastructure, engineering and fit-out business Tilbury Douglas has shown the firm grew its revenue to £541.6 million in 2024, an increase of 7% on 2023, and delivered £11.5m operating profit, up from £3.8m.

Scottish law firms Wright, Johnston & Mackenzie LLP (WJM) and Davidson Chalmers Stewart have announced the completion of a historic merger. The combined firm has a headcount of over 200, including 46 partners, working across Glasgow, Edinburgh, Inverness, Dunblane and Galashiels – supporte

Shares in Aberdeen-based Wood Group have been temporarily suspended from the London Stock Exchange.

Hundreds of buildings have been brought back into use and over £10 million has been raised for council services thanks to new tax-raising powers adopted by the City of Edinburgh Council.

Falkland-based independent whisky bottler Saltire Rare Malt is celebrating a successful first year of operation. Since its launch twelve months ago, the Fife company has achieved significant international reach, shipping its curated whiskies to collectors and stockists across Europe, Latin America,