News

August saw an increase in net borrowing of mortgage debt by individuals, marking the fourth consecutive month of growth, with a significant rise to £1.2 billion, up from July's £0.2bn. In contrast, the UK observed a decline in net mortgage approvals for house purchases, dropping to a six

The Bank of England's Prudential Regulation Authority (PRA) has unveiled proposed amendments to the matching adjustment (MA) regime, a set of rules that could potentially release up to £100 billion for investment by the UK's largest life insurers. These proposals are part of a broader overhaul

A grandmother who embezzled £1.5 million from a family scrap metal business in Aberdeen has been jailed for three years and four months.

Business confidence in Scotland experienced a minor dip in September, dropping three points to 33%, according to the latest Business Barometer by Bank of Scotland Commercial Banking.

Johnston Carmichael has enhanced its restructuring & insolvency team with the appointment of Neil Dempsey as restructuring director in its Aberdeen base. Mr Dempsey joins from Cayman Islands based international asset recovery firm KRyS Global, where he specialised in offshore focused fraud inves

Glasgow City Council has approved a new investment strategy for Glasgow, structured around ethical investment principles.

The financial year has gotten off to a good start for the Highlands and Islands region and has a promising outlook for inward investment. Vicky Grant, the Highlands and Islands Enterprise’s (HIE) head of international trade and investment, highlighted in her recent blog that this year has alre

Shetland's only commercial woollen mill, Jamieson’s Spinning, located in Sandness, has experienced overwhelming success with its recently purchased Shima Seiki knitting machine, prompting the acquisition of another to meet soaring international demand for its 'Made in Shetland' products. The f

New statistics released by HMRC today show UK companies significantly increased their levels of innovation investment in the 2021-22 tax year. The figures show £7.6 billion in tax relief was claimed in that period, an increase of 11% from the previous year when claims plunged as the global pan

Aspectus, a global brand, marketing, and communications agency, has experienced a surge in growth over the past year, reporting a 25% increase in global revenues, totalling £12 million. This growth trajectory is attributed to escalating client demand, the launch of new services, and a formal e

Gilson Gray has expanded into the Scottish Borders with the appointment of Sharon Aris to a new hub office in Galashiels. Ms Aris brings over 30 years’ experience of working in the legal sector. She has worked in Edinburgh, London and Brussels and has now moved back to the Borders, where she g

Scotland’s onshore GDP grew by 0.1% in July, following 0.0% growth in June 2023, according to statistics announced by the Chief Statistician. This follows 0.0% growth in June 2023. In the three months to July, GDP is estimated to have contracted by 0.1% compared to the previous three month per

Scottish Financial Enterprise (SFE) and Standard Life, a division of Phoenix Group, have introduced a report aimed at initiating coordinated action to address customer vulnerability in Scotland's financial services sector. Calling for a sector-wide charter for vulnerable customers to be established,

A judge has found that Donald Trump and his company are liable for the "false valuation" of the former president's Aberdeenshire golf course. The finding is part of a ruling in the New York Supreme Court indicting Mr Trump for "repeatedly" exaggerating his wealth by hundreds of millions of dollars.

A hospitality business on the NC500 has ended a post-Brexit staffing shortage which reduced trading hours by 29% by introducing an innovative ‘work to live’ programme for staff. The Seaforth restaurant and bar in Ullapool was forced to cease trading 2 days a week during the pandemic when