News

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.

Barratt Redrow has today reported a 10.1% year-on-year decline in forward sales as of March 30, 2025, with 10,245 homes on order compared to 11,402 the previous year.  Despite this drop, the UK's largest housebuilder reaffirmed its annual target to build between 16,800 and 17,200 homes. 

A joint venture between Buccleuch Property and Sir Robert McAlpine Capital Ventures has completed the acquisition of 101 Centre Street, Glasgow. The latest investment by the 50/50 JV shows the commitment of both companies to being part of the continued growth and regeneration of Glasgow’s vibr

PDG Aviation Services (PDG), an Inverness-headquartered provider of manned aerial solutions for critical infrastructure, has acquired drone specialist Team UAV. Backed by LDC, PDG supports sectors including power, utilities, and rail with aerial surveys, inspections, and lifting.

UK inflation fell to 2.6% in March, dropping from 2.8% in February and below City forecasts of 2.7%, intensifying pressure on the Bank of England to consider cutting interest rates at its meeting next month. The Office for National Statistics attributed the lower rate primarily to falling fuel

Fife-based employee-owned Scott and Fyfe has reported another year of robust financial results, demonstrating resilience despite ongoing geopolitical tensions and increased operational costs. The textiles specialist, established in 1864, designs and manufactures advanced technical textiles for indus

MHA’s Michael Reid has been appointed liquidator for Aberdeen-based Belmar Engineering as the firm ceased trading, resulting in the immediate loss of all 48 jobs. Staff were informed of the situation at a meeting yesterday (Tuesday). A letter was also sent to all known creditors – around

Glasgow-based financial planning firm Murphy Wealth has secured a significant investment from European wealth management giant Söderberg & Partners, marking the latter's first partnership in Scotland. The deal, which sees Söderberg & Partners take a minority 30% stake in Murphy Wea

Phil Anderson Financial Services has appointed experienced financial adviser Margaret O’Brien to support its expansion into the Edinburgh market. Based in South Queensferry, Ms O’Brien brings expertise in financial planning, pensions, and investment advice. She previously worked at M&

Investment in Scottish commercial property totalled more than £300 million in the first quarter of 2025, marking a subdued beginning to the year, according to Knight Frank. The commercial property consultancy’s analysis of real capital analytics (RCA) data found that there were £31