News

Employee ownership in Scotland is has rapidly accelerated, with nearly 300 employee-owned businesses having a growing economic impact, according to Lindsays. Lawyers at the firm have been involved in more than 20 deals in recent years where the control of businesses of all kinds has transferred to e

Puma Property Finance has provided an £11 million follow-on loan to Glenmore Group to fund the development of a 98-bed purpose-built student accommodation (PBSA) development in Dundee.

The Bank of England (BoE) has voted to maintain interest rates at 5.25%. Despite inflation hitting the 2% target, the Monetary Policy Committee (MPC) voted 7-2 to keep rates at a 16-year high, citing the need to ensure sustained low inflation. However, a reduction as early as August was hinted at by

RBS-owner NatWest Group has agreed to buy a significant portion of Sainsbury's banking business. The banking group will acquire approximately £2.5 billion of gross customer assets, comprising £1.4bn of unsecured personal loans and £1.1bn of credit cards balances, together with appr

Over 100 female students from across Scotland attended the inaugural Careers Insight Day at Edinburgh Napier University. Organised by the financial services charity Future Asset, the event aimed to encourage young women to consider careers in the male-dominated sector, where only 12% of UK fund mana

International students studying at the University of Dundee are making a significant contribution to the local economy, generating £329 million annually for the Tayside and Fife regions, new figures have revealed. Findings published by HEPI and Kaplan International Pathways show that the parli

Investment manager Foresight Group has has expanded its Scottish team with four new hires in the past year. The move supports Foresight's commitment to investing in growing Scottish companies across all sectors. In January 2023, Foresight announced the first close of its Foresight Scotland Fund at m

EY has launched its first Scottish fintech lab in Edinburgh, following the Big Four firm's first successful lab in London. The lab is designed to collaborate with start-ups and scale-ups to create innovative solutions to key financial challenges across the UK region, with a particular focus on susta

Edinburgh-based AI legal assistant platform Wordsmith has received $5 million (around £3.94m) in seed funding. The company's platform aims to enhance lawyers' productivity, allowing them to focus on higher-value work. By automating routine tasks, the platform claims customers get 90% of the th

Dundee-based accountancy firm Ashton McGill has appointed Kyle Gordon as a senior accountant, marking the firm's first Aberdeen-based recruit. Mr Gordon became a fully qualified Chartered Accountant in October last year while working for another accountancy firm as an assistant tax manager.

Spending on eating out, new clothes and takeaways are the biggest areas people across Scotland have cut back on so far this year, according to KPMG.

A cheating husband is suing Apple after his wife was able to access messages he sent to sex workers but had deleted. The middle-aged English businessman deleted the texts from his iPhone, but his wife stumbled across them on the family iMac and subsequently asked for a divorce, The Times reports.

New data from this year’s Business Barometer report published by The Open University in partnership with the British Chambers of Commerce, has found that over half (56%) of Scottish organisations are still reporting worrying skills shortages. According to the annual report, monitoring the curr

Elementz, a new provider of subsea asset integrity management software and subsidiary of Aize, has leased a 1,565 sq ft office at the Enterprise Centre in Aberdeen Energy Park. The three-year lease will support Elementz's growth plans in the North East, providing space for its 15-strong team. Elemen

UK investment platform Hargreaves Lansdown has confirmed it is prepared to recommend a £5.4 billion takeover offer from a private equity consortium led by CVC Capital Partners. The deal, valuing the company at £11.40 per share, comes after several rejected approaches and a turbulent peri