News

A significant drop in the number of interest-only (750,000) and part-interest-only (245,000) mortgages has been recorded by the Financial Conduct Authority (FCA).

There was a notable increase in company insolvencies last month with 97 cases registered in Scotland, marking a 41% rise from the previous year. These insolvencies were spread across 44 compulsory liquidations, 51 CVLs (Company Voluntary Liquidations), and two administrations. There were no instance

A Sicilian restaurant has come under fire after charging diners €20 (around £17) to slice a birthday cake brought from home. The group had already spent €124 (around £106) on pizza before asking a waiter to slice their cake.

Rathbones Investment Management has strengthened its Glasgow-based team with the addition of David Moore as investment director. With an over 25 years' industry experience, Mr Moore brings significant expertise, particularly in generational wealth management. His background involves managing investm

A team of individuals from Scotland’s entrepreneurial scene have announced a new trip to showcase innovative Scotland-based businesses in Europe.

Scotland’s largest independent jewellery school, Vanilla Ink CIC, has expanded its footprint in the east end of Glasgow, with new studio space to help budding jewellers get their business ideas off the ground.

The Financial Reporting Council (FRC) has published the 21st edition of its Key Facts and Trends (KFAT) report, providing the latest statistical information and trends on the UK accountancy and audit profession. This year's report highlights continued growth in accountancy membership, with nearly 40

Gin and whisky distillery Eden Mill has appointed Rennie Donaldson as its new chief executive officer following the departure of its co-founder and managing director Paul Miller. The announcement comes under the leadership of its chair, Stella Morse.

Plans to develop a bonded whisky storage facility in Glenrothes have taken a major step forward after the project received support from Scottish Enterprise.

A winery which boasted of its "unique process" has been forced to surrender thousands of bottles of wine illegally fermented in the ocean. California-based Ocean Fathoms offered bottles "adorned with barnacles, coral, sea shells and ornate hard shelled tubes formed by annelida sea worms" after under

The corporate group at Burges Salmon has advised Cytomos, an Edinburgh-based life science company, on a £4m funding package to support the development of cell analysis solutions for the biopharma industry and fast-track novel therapies to market. The investment round was led by existing invest

Hayward Tyler Fluid Handling Limited, a Glasgow-based subsidiary of Avingtrans PLC and a designer and manufacturer of performance-critical electrical motors and pumps, has purchased Slack & Parr Limited and its investment counterpart out of administration.

Scottish Opera and the Royal College of Physicians and Surgeons of Glasgow, two Glasgow institutions with a combined workforce exceeding 350, have forged a strategic partnership with Glasgow Credit Union. This alliance, targeted at bolstering the financial wellbeing of their staff, is in response to

Private equity firm Endless LLP has acquired ASCO, an Aberdeen-based firm that offers integrated supply base operations to the energy sector, for an undisclosed sum.

Scottish businesses are bearing the weight of both the prolonged effects of the pandemic and the mounting financial challenges stemming from escalating interest rates, which have intensified debt costs. Business rescue and recovery specialist Begbies Traynor unveiled that there was a year-on-year su