News

Real estate advisor CBRE has released its latest findings on Scotland's key office markets, focusing on Edinburgh and Glasgow during the final quarter of 2023. While take up was slightly down on the previous three months, Edinburgh and Glasgow are showing positive signs of recovery with significant

HSBC has been slapped with a £57.4 million fine by the Bank of England's Prudential Regulation Authority (PRA) for "serious failings" in safeguarding customer deposits over a seven-year period from 2015 to 2022. This marks the second-largest fine ever imposed by the PRA. The initial fine 

Tech-enabled business critical services group AAB has appointed four new partners and elevated three to director level in Scotland, as part of a wider promotion round across offices in the United Kingdom and Ireland. In Aberdeen, Amanda Ollason and Graeme Penman, have been promoted to corp

Business confidence in Scotland has dropped below both the UK average and the historical norm for the country, but remains in positive territory, according to a new survey of chartered accountants. Sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) for Q4 2023 put confidence at 2.0

Scottish start-up business Trademylux Limited has secured a £300,000 investment from TRICAPITAL Angels Limited and Scottish Enterprise as it launches the first in a series of luxury goods resale platforms. Trading as sellmyartworks.com, the first venture will focus on the art resales market an

Big Four firm EY has initiated the monitoring of office attendance for its UK employees, using a swipe card entry system and circulating the data at senior levels.

The UK construction sector is facing an “immensely difficult period” after 4,370 construction companies went bust over the past year, according to new data.

A man has been arrested on suspicion of robbing a bank just three days after being acquitted of robbing a different bank.

Law firm Burges Salmon has strengthened its pensions and lifetime savings practice in Scotland with a number of strategic hires, including new senior lawyer, joining the firm’s Edinburgh office. Mairi Carlin joins as a professional support lawyer. Previously a pensions legal director at Pinsen

Scottish biopharmaceutical firm Aurum Biosciences has successfully raised nearly £730,000 in the initial phase of its latest equity funding for advancing its state-of-the-art therapeutic and diagnostic technology. The funding round – which will be split across two tranches – has be

FRP Advisory has sold AMTE Power's Scotland business and assets out of administration to Dutch battery technology firm LionVolt, saving 20 jobs. LionVolt is a subsidiary of LionVolt B.V., a group based in Eindhoven, Netherlands – a battery innovator that develops ‘3D’ solid-state b

The British Business Bank has made its first major deal from the £150 million Investment Fund for Scotland, with a £750,000 equity investment, through appointed fund managers Maven Capital Partners into medical technology business Carcinotech. Edinburgh-based Carcinotech has raised &poun

First Minister Humza Yousaf is visiting London this week to take part in a number of events in partnership with the City of London Corporation, including agreeing an enhanced framework to promote Scotland and London as centres of excellence for financial services. The latest evolution of the partner

Lloyds Banking Group is set to cut approximately 1,600 jobs across its branch network as part of a strategic overhaul driven by the increasing trend of online banking. The restructuring initiative, affecting Lloyds, Halifax, and Bank of Scotland, aims to adapt to changing customer preferences and en

Scottish tree management and weed control firm Complete Weed Control has secured a significant contract with North Lanarkshire Council, following its strategic £240,000 investment in a state-of-the-art Merlo Roto compact tree removal machine. The versatile telehandler enables the removal of ne