News

A total of 45% of Scotland's wealth is held by 10% of households, whilst a tenth of households have no, or negative wealth, according to a new report from the Fraser of Allander Institute (FAI). The report, carried out by the institute, which is part of the University of Strathclyde, explores trends

Edinburgh-based mobile car care startup Fresh Car has secured a £500,000 investment led by Foresight Group. The firm has doubled headcount since the beginning of the year, while expanding across the UK and Ireland, and launching a ‘SMART repair’ business in Edinburgh ahead of a pla

Prime Minister Rishi Sunak has announced a £4.2 billion contract to build five new Royal Navy frigates on the Clyde and support 1,700 jobs in Govan and Scotstoun. Delivering on ambitions laid out in the National Shipbuilding Strategy Refresh earlier this year, the contract awarded to BAE Syste

Analysts from the Resolution Foundation (RF) have shown that the mini-budget put forward under Liz Truss cost the country an estimated £30 billion. It resulted in a doubling of the fiscal hole the Treasury has said Jeremy Hunt will have to fill with this week's expected range of tax rises and

The latest administrator's report for Debenhams reveals that FRP Advisory have received fees of over £7.2 million since the collapse of the retailer in 2020. April 2020 was the second time the department store chain filed for insolvency. This was soon after the pandemic lockdowns accelerated t

New research has revealed the University of Dundee generates some £975 million in economic value for Scotland.

Strategic Asset Managers Limited (SAM), a Glasgow financial advice firm, has been acquired for £5.1 million by international wealth and investment management group Kingswood Holdings Limited. The Glasgow firm offers services to families, businesses and professional partners across the cen

A resilient attitude dominates in Scottish businesses despite economic uncertainty and challenges in attracting and retaining skilled workers, a new survey has revealed. Asked about their future ambitions, three in five (59%) respondents in the Henderson Loggie Scottish Business Survey have plans to

A new Green Heat Innovation Support Programme worth up to £17.6 million is being launched for companies across Scotland covering industries from manufacturing to technology innovators and the heating supply chain. The new programme has been developed by Scottish Enterprise in conjunction with

Planning approval has been granted for a new visitor centre and VIP Suite at Glencadam Distillery in Brechin. Working closely with Angus Dundee Distillers since 2019, jmarchitects has developed a proposal that brings a rich visitor experience to the historic whisky site.

In October, the average rent on a newly let home rose to £1,204 pcm, passing the £1,200 mark for the first time, costing the average tenant an extra £960 per year in rent compared to last year, according to Hamptons. Average rents passed the £1,100 mark back in September 2021

Within the context of extremely challenging economic circumstances, Campion Homes has delivered another strong set of results for the year ended 30 June 2022 and increased operating capacity with a 16% rise in turnover to £48.5 million. Margins have been impacted this year by the challenges of

Auditors hired by the Vatican to tidy up its accounts claim they were fired for digging up too much dirt – and are now suing the Holy See for €9.3 million.

Analysts at JP Morgan have suggested Bitcoin could fall to $13,000 (£11,040) amid the recent market instability. After this week's collapse of FTX, which was one the largest bitcoin exchanges by volume often handling over $1 billion (£850 million) in daily transactions, the cryptocu

The latest figures from the Office for National Statistics (ONS) have shown that the UK economy contracted 0.2% in Q3 between July and September. The UK's GDP fell by 0.6% in September alone. The information and communication sector was the worst affected and services output dropped 0.8%, causing th