News

HSBC has reported a small drop in first-quarter profit after a sharp rise in credit charges, driven by a fraud-related exposure in its UK investment banking arm and the fallout from the conflict in the Middle East, overshadowed solid revenue growth across the lender's wealth and interest income busi

The Financial Reporting Council (FRC) has published the final revisions to two cornerstone UK auditing standards governing how auditors approach fraud risk and the assessment of an entity's ability to continue as a going concern. The updated standards, ISA (UK) 240 and ISA (UK) 570, were issued on 3

Glasgow-headquartered Startline Motor Finance has priced Satus 2026-1, a £452 million securitisation listed on the London Stock Exchange, marking the third issuance under its Satus programme. This issuance brings the proportion of assets under management funded through public securitisation to

A new report, Shaping Young People’s Financial Futures Together, from the Compassion in Financial Services Hub at the University of Edinburgh’s Futures Institute, in collaboration with Young Scot, is calling on banks, policymakers and financial providers to overhaul how they design produ

Video game retailer, and 2021 'meme stock', GameStop has launched a surprise $55.5 billion offer for eBay, valuing the e-commerce platform at $125 per share in a half-cash, half-stock deal.

ScottishPower has been named Investor of the Year at the British Business Awards, recognising the company’s record £24 billion investment in the UK’s clean energy future.

US President Donald Trump has announced the removal of tariffs on Scotch whisky imports, in a move that distillers have described as a significant boost for an industry that had been losing millions of pounds a week in the world's most lucrative export market. The decision, unveiled on Truth Social

Scottish jam and marmalade maker Mackays has narrowed its annual losses, with the Arbroath-based business reporting a pre-tax loss of £958,455 for the year ended 31 December 2025, compared to a restated loss of £1.22 million in the prior year – a reduction of around 22%. Turnover r

The Bank of England (BoE) and the Financial Conduct Authority (FCA) are at loggerheads over proposals to ease capital requirements for specialist trading firms, such as Citadel Securities, Jane Street and Hudson River Trading. The dispute was triggered by plans outlined by the FCA at the end of last

Competing in support of the ICAS Foundation at The London Marathon, outgoing ICAS president Karen Scholes CA and Foundation Alumni Ambassador Dean Scobie CA, have raised more than £30,000, with a final goal of reaching £35,000 to assist the next generation of accountancy professionals. M

Pinsent Masons has appointed financial services litigation specialist Stuart Murdoch as partner. Mr Murdoch joins the team in Edinburgh and will strengthen the firm’s disputes capability for financial institutions, funds and insurers in the UK and internationally.

Royal Bank of Scotland-owner NatWest Group has seen its operating profit before tax rise 12% to £2 billion, up from £1.8bn in the same period last year, for the first quarter of 2026. The growth was supported by a total income of £4.2bn (excluding notable items), representing a nea

NatWest Group has become the first UK bank to launch a dedicated application to assist homebuyers within ChatGPT. This development allows both existing customers and prospective homebuyers to access tailored mortgage and home-buying guidance directly through the AI platform.

Johnston Carmichael has strengthened its audit offering in Aberdeen with the appointment of Teresa Gilligan as audit director. Ms Gilligan joins the leading UK accountancy and business advisory firm with more than 17 years’ experience in audit and assurance, gained across Big Four and other pr

Property lending specialist Assetz Capital has completed a £2.73 million development facility to support the refinance and completion of a partly completed residential development in Midlothian.