News

£70 million in fines for Pfizer and Flynn have been announced by the Competition and Markets Authority (CMA). The fines are the result of an in-depth investigation carried out by the CMA, which found that Pfizer and Flynn charged unfairly high prices for phenytoin sodium capsules for over 4 ye

The Financial Reporting Council (FRC) has published its annual report and accounts outlining the progress made over 2021/22 towards transitioning to the new independent regulator, the Audit, Reporting and Governance Authority (ARGA). The report sets out the achievements over the past year, incl

A category-B listed meal mill, which once played an important role in supporting the local agricultural industry around Peterculter on the outskirts of Aberdeen, has undergone a new lease of life after its conversion to a contemporary four-bedroom home. Last operational more than half a century ago,

A woman who failed to declare a half-eaten Subway sandwich at customs has been fined more than £1,500. Jessica Lee, 19, forgot about the chicken and lettuce sandwich she bought in Singapore as she travelled back to Australia.

A total of 24 projects from across the country have been awarded funding of £110,000 to promote and showcase quality regional produce.

Starling Bank has reported a pre-tax profit of £32.1 million in its first full year of profitability. £32.1m pre-tax profit for the financial year ending 31 March 2022 comes after a pre-tax loss of £31.5m for the previous period to 31 March 2021. Revenue for the same period to 31 M

New research from Grant Thornton UK and Retail Economics has revealed that almost nine in ten UK consumers intend to cut back their spending over the year ahead.

Retail sales volumes fell by 0.1% in June 2022 following a fall of 0.8% in May, according to the latest figures published by the Office for National Statistics (ONS).

Male victims of financial abuse in Scotland will be able to take back some control over their finances without placing themselves at further risk of abuse from partners thanks to a new partnership.  The partnership will see the Vulnerability Registration Service (VRS), a not-for-profit company

Glasgow auction house McTear's is scheduled to auction a 1960s Austin J40 pedal car, which is expected to fetch over £5,000.

New research has highlighted the immense challenge the UK travel sector faces from failed payment transactions. Edinburgh-based payment orchestration firm, BR-DGE, has analysed data from Office for National Statistics revealing that airlines and outbound travel agents are at risk of losing £5.

Aberdeen-based firm Bespoke Decorators has collapsed - 15 jobs have been lost as a result. Begbies Traynor has been appointed liquidator. The firm had to cease trading due to cashflow issues from a build-up of bad debts and delayed payment from customers. It has been reported that the firm closed ow

The government has published legislation confirming that low earners who save through a Net Pay Arrangement (NPA) will get the same level of government top-up as those who use Relief at Source schemes. Under the new legislation, 1.2 million low earners to see a boost to their take-home pay from 2025

Accredited lenders have offered over £229 million to smaller businesses in Scotland, through the Recovery Loan Scheme, as they steer a path towards a sustainable recovery, announced the British Business Bank.   Of the £229.7m of total funding offered th

One hundred homeowners in Scotland paid £84,000 on average to buy property in Scotland in June according to analysis of the latest statistics by property firm DJ Alexander Ltd, part of the Lomond Group. The firm said that the Scottish Government received £8.4m during June alone from 100