News

Bank of Scotland-owner Lloyds Banking Group is set to overhaul its employee performance management, a move that places thousands of staff at risk of dismissal. The new strategy will identify the bank's lowest-performing 5% of its 63,000-strong workforce, approximately 3,000 people. Those identified

Matheson Lawson has added solicitor Donna Carson as director to spearhead its new commercial property department. The firm, established earlier this year by Maureen Matheson and Victoria Lawson, was launched with a focus on private client services and residential conveyancing. The expansion into com

Investors in Scottish commercial property are increasingly focusing their interests on high-quality, well-located assets – which is translating into fewer, but higher value deals – according to new analysis from Knight Frank.

Angela Rayner has resigned as Deputy Prime Minister, Housing Secretary, and Deputy Leader of the Labour Party after an ethics inquiry found her in breach of the ministerial code. The investigation, led by the independent adviser on ministers' interests, Sir Laurie Magnus, followed Ms Rayner’s

Bank of England Governor Andrew Bailey will deliver a keynote address at Scotland’s Global Investment Summit, taking place in Edinburgh next month.

Two specialist executive search companies are merging in a move the partners forecast will deliver significant growth in fee income over the next 12-18 months. New Town Partnership and Hanover Berkeley, both headquartered in Edinburgh and with London offices, are announcing a formal merger with

High-frequency trading firm XTX Markets is offering a monthly salary of $35,000 for its AI Research Internship, a figure that sets a new benchmark for student remuneration.

Six universities have received funding to collaborate with businesses based outwith Scotland in the latest round of the Scottish Inward Investment Catalyst Fund (IICF).

Fintech giant Revolut has initiated a secondary share sale that values the firm at $75bn (£55.9bn), a significant jump from its previous $45bn price tag. The deal allows London-based staff to sell up to 20% of their holdings, with shares valued at $1,381.06 (£1,029) each. A Revolut spoke

Deputy Prime Minister and Secretary of State for Housing Angela Rayner has admitted to underpaying stamp duty by £40,000 on a property purchase but has attributed the error to incorrect professional advice. The admission follows days of denials and has left the Housing Secretary fighting for h

Sustainability for Housing (SfH), the body that oversees the Sustainability Reporting Standard for Social Housing (SRS), has appointed Jon Turner to its board. Jon brings a wealth of experience across both the financial and housing sectors. He is currently the group chief executive of Link Group, th

In just over 18 months since launching in January 2024, Tailored Spirits Co has scaled from a niche Scottish start-up to a globally recognised whisky partner, having won major Scottish start-up competition Scottish EDGE to now reaching clients in 14 countries across the globe in the UK & Ireland

Bus company McGill’s Group has unveiled plans for a new £25 million depot on a prime site close to Glasgow city centre, in a move that could deliver up to 850 jobs.

Freeths has appointed partner Jane Dickers to its Glasgow office, joining the firm’s national commercial dispute resolution team. Bringing with her a wealth of knowledge, Ms Dickers is well-versed in managing cases in the Court of Session and in sheriff courts across Scotland. She also has sig

The UK's construction sector saw its rate of decline slow in August, but activity remains deep in contractionary territory as experts warn that political and economic uncertainty is severely hampering investment and recovery prospects.