News

The UK's major banks are now better prepared for a financial crisis and less likely to require a government bailout, the Bank of England has said. The central bank has published its second assessment of eight major banks – Barclays, HSBC, Lloyds Banking Group, Nationwide, NatWest Group, Santan

Glasgow-based SMEs have been urged to ensure compliance with the national minimum wage (NMW) amid a local crackdown by HMRC. Scotland's largest city is one of the locations being specifically targeted by the tax authority, and businesses found guilty of non-compliance will be ordered to pay NMW arre

A family-run recycling and waste management group is set to more than triple the volume of material it recycles thanks to a seven-figure backing from HSBC Equipment Finance UK.

Prime city centre office rents in Edinburgh are rising at their fastest rate in nearly a decade, according to analysis from Knight Frank.

Law firm Shepherd and Wedderburn has reported seven per cent turnover growth to £71.4 million in the year to 30 April 2024. Net profits at the firm also saw a significant rise, up 12 per cent to £30.2 million. In recognition of the firm's performance, a bonus of five per cent of annual s

Accountancy and business advisory firm Johnston Carmichael has appointed Zoë Hodge as partner and head of the firm's UK consultancy team, based in Edinburgh. Bringing more than 20 years' experience, Ms Hodge will lead the 20-strong consulting team alongside partner Ewen Fleming, who leads the c

Green Bioactives (GBL), an Edinburgh-based firm dedicated to the discovery, development and sustainable production of high value plant-based products, has been awarded a £100,000 Scottish Enterprise SMART grant. This prestigious grant will fund a project aimed at producing a biomanufacturing p

A hurricane brought cocaine worth more than $1 million to land yesterday. Hurricane Debby reached Florida as a Category 1 hurricane, though was downgraded to a tropical storm as it made its way across the south-eastern US.

Michael Cox and Cameron Knaggs discuss a new and much-needed form of security in Scotland. Modern day businesses can have various significant moveable assets that they would like to utilise for the purpose of raising bank finance. For example, many technology businesses are rich in intellectual prop

JP Morgan has appointed Gillian Murray to run its dedicated private banking advisory team in Scotland. Ms Murray joins the US banking giant from RBC Brewin Dolphin where she was an investment director, before which she was at North Capital Management.

Aberdeen company John Wood Group saw its share prices plummet as Dubai-based potential buyer Sidara abandoned a takeover deal. The Dubai-based engineer Dar Al-Handasah, known as Sidara, had been pursuing the firm for several months.

Return to school shopping is not enough to stem the drop in Scottish retail sales in July, according to the latest Scottish Retail Consortium - KPMG Scottish Retail Sales monitor.

A Perthshire business is experiencing a much steadier income stream after receiving support from Business Gateway. Oak Homeopathy was set up by Caroline Greene in 2011 after she qualified at the Irish School of Homeopathy in Dublin. Ms Greene aims to share the benefits of homeopathy with people in t

Aberdeen equipment rental specialists First Integrated Solutions has completed a major acquisition which will see it expand into four new cities and extend its services across multiple sectors. The fast-growing firm has sealed a seven-figure deal to buy Tusk Lifting, which has depots in Middlesborou

The UK Government under the new leadership of Kier Starmer has decided to axe £800 million plans to create an "exascale" supercomputer at the University of Edinburgh. In October last year, the University of Edinburgh announced that the UK’s first next-generation supercomputer which is fi