News

Aldi Scotland has overtaken Asda for the first time to become Scotland’s second largest supermarket by volume, new data from Kantar has revealed. The discount retailer’s volume share of the grocery market has increased to 11.7%, commanding a higher volume market share than Co-op (8.9%),

Lloyds Banking Group (Lloyds), Aberdeen Investments, and Archax have successfully completed a pioneering transaction utilising tokenised real-world assets (RWA) as collateral for foreign exchange (FX) trades. In a UK-first initiative, tokenised units of Aberdeen Investment’s money market fund

Bitcoin has achieved a new record high, breaking the $122,000 barrier as "Crypto Week" commences in the United States.

East Kilbride-based fire testing laboratory United Kingdom Testing and Certification (UKTC) has been acquired by SOCOTEC UK and Ireland, a provider of testing, inspection and certification services.

Homebuilder Cala Group has appointed Michael Rice as chief financial officer (CFO). Effective from 30 June 2025, Mr Rice joins Cala at a pivotal time as the business embarks on an exciting next chapter under new ownership.

The Scottish Government consultation on Land and Buildings Transaction Tax (LBTT) reliefs for property funds can level the playing field on tax and let loose new investments into Scottish housing, social investments and net zero, according to several industry organisations.

Independent accountancy and business advisory firm Johnston Carmichael has appointed ecosystem expert Calum Purdie as its new head of technology and life sciences. Mr Purdie, who joined Johnston Carmichael two years ago, succeeds partner Shaun Millican, who is now head of business advisory and sits

There has been a great deal of speculation about the Chancellor reforming ISA rules in her Mansion House Speech – although, late last week it emerged some of these may be put on hold. There are, nevertheless, good reasons to still look at the issue – not least to confront the UK’s

Private credit platform Pluto Finance has opened its first UK regional office in Edinburgh at 26 Alva Street which will be headed by Jamie Drummond the recently appointed lending director for Scotland. Its presence in Edinburgh reinforces Pluto’s long-term commitment to Scotland and will enabl

A shoe shop has suffered the theft of more than 50 right shoes. Police in Queensland, Australia have appealed for witnesses after a man nicked the 53 shoes – just half of 106 pairs – from a shopping centre on Monday.

Chancellor Rachel Reeves has postponed proposed reductions to the tax-efficient cash ISA savings limit following concerted lobbying from banks, building societies, and consumer advocates. The UK government had been anticipated to reveal a significant cut to the current £20,000 annual allowance

A new business hub serving UK spirits and beauty brands has opened in Edinburgh promising a faster, more sustainable and cost-effective way to bring ambitious new products to market. The Innovation Hub is a new kind of space for brands in both sectors, allowing them to manage every part of the new p

The Financial Conduct Authority's (FCA’s) annual report sets out how it has used data and technology to crack down on harm in financial services. Over 1,600 websites suspected of promoting financial services without permission were suspended, removed or blocked in 2024 because of FCA action, a

Commercial property company HFD has secured its largest letting this year at its premium serviced office Ospa, with Oticon agreeing to pre-let 20,000 sq ft at Strathclyde Business Park’s Mercury House. From Spring 2026, the Danish hearing aid manufacturer will move its Scottish operation from

The Financial Conduct Authority (FCA) is planning to review its client categorisation rules to unlock more opportunities for wealthy investors and support capital markets, driving economic growth.