News

Non-bank lender White Oak provided over £125 million of funding to UK SMEs and mid-corporates in the third quarter of the year, it has announced. At 14%, Scotland saw the highest volume of lending activity outside of London (16%), narrowly ahead of the north-east of England (13%).

A collective value of £1.02 billion worth of unused smartphones has accumulated in consumer households in the last three years, according to new research from Deloitte, with consumers upgrading their handsets while leaving older devices in cupboards or drawers. Deloitte’s Digital Consume

Britain's biggest banks are expected to report profits of £33 billion when they reveal their third-quarter results next week. The figures from Lloyds Banking Group, NatWest Group, Barclays and HSBC are expected to show their combined profits rising from £25 billion in 2019 to £33 b

Johnston Carmichael has been announced as a gold sponsor of the first-ever Scottish Games Week. The business, which advises a growing number of game developers, has chosen to sponsor the inaugural event to support the thriving and rapidly-evolving games ecosystem in this country.

The Artisanal Spirits Company (ASC), owner of The Scotch Malt Whisky Society(SMWS), has announced a new franchise agreement with F.J. Korea (FJK) in South Korea, Asia’s fourth largest economy.

Property taxes in Scotland have increased by nearly two thirds compared to the pre-pandemic period according to analysis of the latest statistics by property firm DJ Alexander Ltd. The Edinburgh-based firm said that the Scottish Government revenues from Land and Buildings Transaction Tax (LBTT) incr

A misleading campaign advertising HSBC's green credentials has been banned by the Advertising Standards Authority (ASA). The ruling comes in the wake of dozens of complaints that the bank's posters appeared on high streets and bus stops in the lead up to the COP26 climate change conference in Glasgo

Stirling councillors are set to visit the site of a proposed £15 million distillery and visitor centre which was refused planning permission in March. Wolfcraig Distillery signed a land deal with Ambassador Group last year that it hoped would have resulted in the development being lo

Whisky distillers have cried out against one of the government's fiscal U-turns announced on Monday reversing of the freeze on alcohol duty. Commenting on the reversal of the UK alcohol duty freeze Mark Kent, chief executive of the Scotch Whisky Association, said: “Business can only work on th

Pelion, a global Internet of Things (IoT) connectivity business, has secured significant growth equity funding from Scottish Equity Partners (SEP) to allow the company to further grow independently, and invest further in product development, sales and customer support. The Glasgow-headquar

The consumer price index rose marginally in September with inflation having reached 10.1% as the fall in fuel prices was largely offset by the rising cost of food. The current inflation rate is the highest in 40 years. Multiple U-turns on fiscal policy from the UK government have left experts uncert

A Scotland entrepreneur and a former UK cabinet minister have been announced to be among the accomplished business figures who will address next month’s inaugural Invest2Scale gathering. The event was conceived to support scalable Scottish companies with high growth prospects by providing them

Cannabis can now be ordered on Uber Eats in Toronto.

Regional airline Loganair has reported a return to profitability posting a pre-tax profit of £4.98 million in the financial year to 31 March 2022 – while also celebrating its 60th anniversary this year. The Glasgow-based company released its audited accounts, showing a turnover of &

Shona Campbell of Henderson Loggie has been appointed as joint administrator of now-defunct online retailer 2ND HND which refurbished and sold pre-owned office furniture. Ms Campbell's appointment as joint administrator is alongside Lee Green and Andrew Kelsall of East Anglian accountancy firm