News

Scotland's sole charity dedicated to supporting victims of cybercrime and fraud has announced a significant impact in its inaugural year, recovering or preventing the loss of over £1.15 million for those affected. Launched in July 2024, The Cyber and Fraud Hub, working in close collaboration w

Gillespie Macandrew has posted an 11% rise in turnover to £19.6 million and a 20% increase in profits to £6.3m for the year ending 28 February 2025. This marks double digit turnover growth for the firm in three of the last four years organically, and has a doubling of its turnover over t

Dubai’s billionaire ruler Sheikh Mohammed bin Rashid al-Maktoum has fitted solar panels on his Highland estate without planning permission.

Johnston Carmichael restructuring partner Graeme Bain has been appointed provisional liquidator of Ballantine Castings Limited. Based in Bo’ness, West Lothian, Ballantine Castings is an iron foundry which can trace its roots back almost 200 years.

An Edinburgh mum has launched a children’s clothing brand designed specifically for children with disabilities after receiving specialised start-up support from Business Gateway. Blue Bee Mike, founded by Kasia McGavigan, offers sensory-considerate clothing that supports the needs of children

Chancellor Rachel Reeves has authorised new rules requiring banks to collect National Insurance (NI) numbers from customers with savings accounts. This measure aims to help HM Revenue & Customs (HMRC) more effectively identify and tax savers who earn interest above their personal savings allowan

Scottish high streets saw shopper numbers fall again in July, with footfall dropping by 1.3% year-on-year.

Aberdeen-headquartered Well-Safe Solutions has been awarded a landmark multi-year contract expected to generate over $45 million (c. £33m) in revenue by EnQuest to decommission a series of wells in the North Sea.

More than 100 former Stewart Milne workers from Tayside are set to share in a £1 million payout following the firm’s collapse.

While investment volumes in Scotland's real estate sector during Q2 only reached £370 million, the full H1 total of £930m is 20% ahead of the corresponding 2024 figure, the latest Scotland Snapshot from Colliers has revealed.

EY has been appointed as Revolut's new auditor, concluding the fintech's relationship with its former auditor BDO. The change is seen as a crucial step in the company’s prolonged effort to secure a full UK banking licence.

A police force has defended spending nearly £13,000 on a coffee machine after criticism from auditors. Police in the German state of North Rhine-Westphalia spent a total of €4.66 million on a new "innovation lab" which was originally set to cost just €250,000.

The Bank of England (BoE) has reduced the base interest rate to 4%, but a deep split among policymakers has signalled that the current cycle of reductions may be nearing its end. The decision was so contentious that the Monetary Policy Committee (MPC) had to hold two rounds of voting for the first t

Aberdeen City Council has approved the introduction of a 7% visitor levy on overnight accommodation, a move it claims will generate up to £6.8 million annually to enhance the city's tourism sector.

The Financial Conduct Authority (FCA) has announced new rules to provide greater protection for consumers using payment and e-money firms.