News

The Bank of England’s Monetary Policy Committee (MPC) has announced an interest rate hike of 0.5% today in the face of rising inflation. At its meeting ending on 3 August 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.5 percentage points, to 1.75%. One member preferre

A town mayor — who happens to be a miniature Shetland pony — has been effectively barred from his local pub over a planning row. Councillors in Cockington, a village in south-east England, made Patrick the pony their honorary mayor in a widely-publicised ceremony last month.

The UK construction sector is set to face the spectre of increased insolvency, exacerbating price rises while rivalling inflation as a threat to successful project delivery, Turner & Townsend has warned. As inflationary pressure persists, the global professional services business’ latest U

Nationwide Building Society is extending the maximum loan size available to £5 million for mortgages with a loan-to-value ratio (LTV) of up to 75%. The following are the maximum loan sizes now available:

Business transformation and advanced data science consultancy Optima Partners has received £2.3 million from investment company BGF. Optima Partners is an Edinburgh-headquartered data science and transformation consultancy founded in 2013, with offices in London and Bristol.

A report has revealed that the over-50s are being hit hardest by the current financial crisis and could face a lifetime of financial insecurity. According to the report, economic inactivity rates have risen a third amongst the over 50s since 2019, and people aged 50-54 face double the financial vuln

Office take-up in the first half of the year across the three largest Scottish cities saw Aberdeen outstrip activity in Edinburgh and Glasgow, according to the latest research from Savills.

Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed joint liquidators of Broomhall Castle Management Ltd. Mr Pattullo and Mr Craig were appointed on 2 August.

The Scottish Government has awarded a £500,000 contract to extend cyber resilience training to more than 250 organisations. The grant will enable the Scottish Business Resilience Centre (SBRC) to run online and in-person workshops for public services and third sector health, housing, and socia

Investment into Scottish commercial real estate reached a four year high in the first six months of 2022, according to Colliers’ latest Scotland Snapshot.

The Financial Conduct Authority (FCA) has confirmed new rules to make authorised financial firms more responsible for their appointed representatives (ARs).

Bancon Group has bounced back from the pandemic with a 1,250% boost to pre-tax profits, rising from £200,000 to £2.7 million in the latest financial year. The Aberdeenshire housebuilder and construction group saw its turnover rise by £40 million on the previous year to reach £

A plot of land which once formed part of the former Tate & Lyle sugar refinery in Greenock is being proposed as a new £15 million 46-home private housing development by Sandy and James Easdale, the owners of Easdale Investment Group.

The tenants of a farm in Inverness have been granted a decree ordering the liquidator of the owner company to conclude missives for the sale of the land to them under statutory right to buy provisions. Amanda and Deanna Urquhart argued that they had a right under the Agricultural Holdings (Scotland)

Consumer confidence has fallen for the forth consecutive quarter, reveals Deloitte. The rising cost of living has forced UK consumer confidence to a record low of -19% in Q2 2022, according to Deloitte’s latest Consumer Tracker, as rising inflation and subsequent price increases tighten the sq