News

In a deal that's breaking records and raising eyebrows, Apple has reportedly paid $5 million (£4m) for the rights to Michael Lewis's unpublished book, Going Infinite, centred around the infamous Sam Bankman-Fried (SBF), founder of now-collapsed crypto exchange FTX. The figure is unprecede

Recent labour market statistics from the Office for National Statistics (ONS) have revealed a mixed picture for Scotland's workforce. For the period between May to July 2023, the employment rate in Scotland increased by 0.5 percentage points to 75.1%, while the unemployment rate rose to 4.3%, up by

The UK economy has contracted by 0.5% in July, erasing the growth it had achieved in the previous month. According to the EY ITEM Club, a broad-based decline in GDP across all three main sectors – services, construction, and industrial output – occurred for the first time since June

Scottish retail sales for August displayed a sluggish performance, growing only 5.6% compared to the same period last year, falling short of the 3-month average increase of 7.5% and the 12-month average growth of 8.5%. When adjusted for inflation, the figures reveal a year-on-year decline of 1.3%.

Octopus Real Estate has provided a loan of £6.4 million to finance the ground-up development of 14 new homes in North Berwick.

Scottish electricity company Electricity Asset Services Limited has secured major new contracts with Scottish Power, SP Energy Networks, and Lastmile Asset Management, driving a significant expansion of its business, thanks to support from Bank of Scotland.

Delivering over 105,000 loans, the British Business Bank's Start Up Loans programme has passed a significant milestone having disbursed more than £1 billion in loans. Scotland has seen a substantial slice of this pie, with more than £62 million funded across almost 7,000 loans since 2012

Up to 50% of business exits occur due to an unexpected approach from potential buyers, however many business owners fail to maximise shareholder value as they are ill prepared for the 'tap on a shoulder' approach, according to research by Azets. An unsolicited approach is when a buyer such as a larg

Chartered surveyors and property consultants Graham + Sibbald has appointed Jennifer Doran as the business’ first finance director. Ms Doran is based at the company's Glasgow office and has been brought onboard to assist the firm in achieving its expansion plans in the coming years.

Tony Rosenthal, a senior director in CBRE Scotland's rating team, has been appointed as the new Scottish president of the Institute of Revenues, Rating and Valuation (IRRV). He takes over from outgoing president Paula Doherty.

Land property search firm Millar & Bryce has formed a partnership with Armalytix, a data intelligence firm that allows the safe sharing of financial insights. With source of funds and share of wealth checks both a mandatory requirement, this partnership will allow Millar & Bryce’s

Specialist lender Together has provided a multi-million-pound loan for the purchase of an 850-bed portfolio of student accommodation across Aberdeen and Dundee. Each property offers students free Wi-Fi, all appliances, 24/7 maintenance support, free parking, contents insurance, and is inclusive of a

Responsible finance provider Social Investment Scotland has appointed George Walker, a business leader with decades of experience in financial services and non-executive director roles, as its new chair to steer the lender's mission of building an impact economy. Mr Walker joins SIS Group, which enc

BMW has reversed its controversial decision to charge customers an $18 monthly subscription fee for heated seats, a feature many drivers consider to be standard. The idea was to offer customers the option to activate this feature later, but the move backfired and has been scrapped before making it t

The Scottish Government's £42 million Techscaler programme has has assisted 387 start-ups during its inaugural year.