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Labour has called for a Financial Conduct Authority (FCA) probe into the handling of the Mini Budget after hedge fund managers bet on the fall of the Pound vs the US Dollar, making big profits. The call from shadow city minister, Tulip Siddiq, came amid speculation that some hedge fund bos

The ICAS Foundation has appointed Sanjay Singh as its new director to lead the work of the charity in supporting young people from disadvantaged communities in studying accounting and finance. He takes over the role from Linda Jamieson, who has been director of the ICAS Foundation since 2014.

The British Business Bank’s Start Up Loans programme has been expanded in order to provide vital support to Scottish start ups during a challenging economic period. The programme now includes start ups that have been trading for up to three years and second Start Up Loans are now availabl

LGT Wealth Management, part of LGT Group, has appointed three senior wealth management professionals to its Scotland office. A UK-based wealth management partnership, LGT Wealth Management currently employs 432 staff and has offices in London, Bristol, Edinburgh, and Jersey. It's new hires are part

abrdn’s AIPUT fund (Airport Industrial Property Unit Trust) has announced a new £350 million senior secured sustainability-linked credit facility. Specialising in major transport and freight-related industrial real estate investing, AIPUT holds a portfolio of 23 properties located a

Executive search firm Carlyle has announced the appointment of Alice Deakin as a principal, bringing more than 20 years of finance, commercial and leadership experience gained from working across the technology, professional services, media and financial services sectors. Ms Deakin held the chief fi

Perth-based Balhousie Care Group has been bought by international health care firm AcalisCare in a multi-million-pound deal.

Ten companies have been awarded a total of £9.4 million to help Scottish industries reduce carbon emissions through decarbonisation and energy efficiency projects. The recipients from the second round of the Scottish Industrial Energy Transformation Fund (SIETF) are predominantly involved in t

Half of Scottish workers are spending at least one day a week at home, new figures from a government survey has revealed. In the survey of 1200 firms in Scotland, 32.6% said their workers were in the office one or two days a week, while a further 16.5% were in three to four days a week.

Scottish SMEs have been hit with an estimated £42 million of unnecessary compliance costs – an average of £7m per year - due to the audit exemption threshold failing to rise in line with inflation since it was introduced in 2016, according to Donald Boyd, an SME growth expert from

The reduction of the limit for sequestration proceedings at the end of this week could lead to a wave of smaller businesses in Scotland being made bankrupt, according to full-service legal firm Gilson Gray. On September 30th, the limit for pursuing sequestration will be lowered from £10,000 to

A 112-year-old tin of chocolates made during the reign of Queen Victoria have been sold for over £500. The tin was recently found a Lincolnshire attic among in a box of junk, Metro reports.

Today, Kwasi Kwarteng, the chancellor of the Exchequer revealed his fiscal plans in his emergency 'Mini Budget' aimed at boosting the economy to reach his 2.5% growth target. Mr Kwarteng's announced tax cuts and reforms, "the biggest package in generations", were met with mixed reactions.

Citi Group has announced that it is proposing to focus its UK personal banking and wealth management business on select wealth clients, effectively closing down its retail banking services to the general public. This proposal would enable Citi to focus on clients requiring comprehensive advice on ma

The founder of US nonprofit Feeding Our Future and 46 other defendants face criminal charges for their alleged roles in a $250 million (£226m) fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic.