News

Restaurants and hotels are struggling with inflation as high as 18% as supply chain disruption and labour shortages heavily impact the UK's hospitality industry.

Halifax has eased its mortgage borrowing rules for millions of affluent homebuyers in a bet that the UK housing market will remain strong despite the threat of rising interest rates. The bank has announced that it will now offer those who earn more than £75,000 a loan of up to five-and-a-half

Scottish Ford dealership Peoples has hailed its best-ever financial performance with turnover in the year ended July 31 increasing by almost 20% to £289.5 million. Founded in 1983, Peoples Group says it is the largest independent dealership in Europe retailing only Ford cars and commercial veh

Balfour Beatty has reached an agreement for the conversion of its £375 million revolving credit facility (RCF) to the largest sustainability linked loan in the UK construction industry to date, extending the maturity to October 2024.

The Financial Conduct Authority (FCA) has warned that social media is encouraging young people to invest in risky cryptocurrencies. The financial regulator warned that “hype” on social media platforms and in the news is driving new investors to channel their money into high-risk investme

People in the UK are withdrawing nearly £100 million less per day from ATMs compared with 2019, according to cash machine network Link. Prior to the COVID-19 pandemic, UK consumers visited ATMs three times a month on average. However, now ATM visits have declined to less than twice a month on

Total retail sales in September continue to perform below pre-pandemic levels, with sales down 9.1% compared with September 2019, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Smaller businesses account for almost a third (30%) of all current UK greenhouse gas emissions (including emissions from households, industry and government) and around half (50%) of total emissions from UK businesses, the British Business Bank estimates. Its latest research report, smaller bus

A new strategy to secure a £4 billion share of the global space market for the Scottish economy has been published by the Scottish Government. The Scottish Space Strategy sets out plans to develop a network of satellite launch sites, pursue green technologies and build on existing strengths in

Kanye West has legally changed his name to Ye following the approval of a Los Angeles court. He made the request in August, citing personal reasons for the decision.

Former third sector chief executive Mark O’Donnell has joined KPMG UK’s Infrastructure Government and Healthcare (IGH) team as a senior manager. Mr O’Donnell joins the firm from the Sight Scotland Group where he was chief executive, recently leading a significant restructuring prog

Sir Brian Souter, the co-founder of bus company Stagecoach, has made more than £40 million in the past year thanks to investments made within Souter Investments Limited. Sir Brian hold a substantial part of his wealth within Souter Investments Limited, of which he is the co-founder. That

The average Scottish house price stood at a record £211,029 in August, with a rise of £3,685, or just under 2% in the month, according to the latest Scottish House Price Index from Walker Fraser Steele.

Commercial property investment volumes across Scotland slowed during the last quarter, with a resurgence in Covid-19 cases and school summer holidays supressing deals activity, according to new research from Colliers. Colliers’ Scotland third quarter snapshot reports a drop in transactions acr

Scottish social enterprise AAI EmployAbility has secured funding to help minority ethnic women in Scotland get back to work after career breaks. ‘Back to Work’, a Scottish Government-funded programme, is aimed at improving employment prospects, updating skills, increasing confidence, whi