News

The goodwill, work-in-progress and certain assets of historic Scottish law firm McClure Solicitors have been acquired by fast-growing legal practice Jones Whyte LLP. The transaction sees the existing partners and staff, comprising 84 people, transferring to Glasgow-based Jones Whyte with immediate e

Business confidence in Scotland rose 11 points during April to 9%, the first positive reading since February 2020, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

Annual house price growth rebounded to 7.1% in April, from 5.7% in March, according to Nationwide's latest House Price Index.

Exscientia, a University of Dundee spin-out, has completed a $225 million Series D funding round. SoftBank Vision Fund 2i led the Series D and was joined by previous round lead investors, Novo Holdings and funds managed by Blackrock.

Scottish shop vacancies have reached a six year high, according to the latest figures released by the Scottish Retail Consortium (SRC) and the Local Data Company (LDC).

Barclays has revealed that its profits for the first quarter of this year have more than doubled from last year to £2.4 billion. In the first three months of 2020, Barclays's profits stood at £0.9bn.

Virgin Money, owner of Glasgow-based Clydesdale Bank, has partnered with Trade Ledger to help expand its business banking proposition. Trade Ledger is a leading global technology provider for the commercial banking and financial services industry, supporting banks by enabling lending products to be

Scotland’s digital skills academy CodeClan has partnered with FanDuel, the fantasy sports and sports betting tech giant. As a keystone employer partner, FanDuel will take on graduates from CodeClan’s programming, data and bespoke courses. CodeClan already partners with companies lik

Following feedback to its Call for Input (CFI) on Consumer Investments, the Financial Conduct Authority (FCA) has published proposals to strengthen its financial promotion rules for high-risk investments to help retail investors make more effective decisions. The discussion paper (DP) seeks views on

The NYPD has been forced to fire its robot dog, the New York Times reports.

KPMG has appointed Rob Aitken as the new director of its transaction services team as it eyes post-lockdown growth across its Scottish offices. Mr Aitken will be based at the firm’s new city centre offices in Aberdeen, providing support to a range of clients including energy firms as they navi

Royal Bank of Scotland owner NatWest Group has posted its results for the first quarter of 2021 revealing an 82% increase in operating profits before tax. The bank's profits rose to £946 million from £519m in the first quarter of 2020.

Scottish Friendly, Scotland’s largest financial mutual, has announced that sales of its investment ISAs reached a record high in 2020 despite it being one of the most turbulent years in the company’s 160-year history. Own-brand sales rose by 13% to £15.7 million in the year to 31 D

Iain Penman, senior associate at Brodies LLP, discusses fiduciary duties and why they may still apply after a director resigns. Did you know that a director's fiduciary duties can still apply, even after they have resigned? This was the situation in the recent case BVI case of Byres v Chen ) where a

Sir Brian Souter and Dame Ann Gloag, the founders of Stagecoach Group, have begun the process to sell their stakes in the company. The Scottish siblings launched the business in 1980 and are now selling their 27.1% stake in the group. The two intend to reduce their combined shareholding to 5% over t