News

A growing number of mid-sized Scottish businesses are at risk of becoming "zombie" companies, according to research by BDO. Rising costs and challenging economic conditions are squeezing growth, with 13.5% of these firms now considered vulnerable – an increase of 0.8 percentage points versus t

Dunfermline-based Reward Funding has finalised a £360 million refinance, a crucial step in its plan to expand its loan book to £500m within three years. Advised by international advisory firm Interpath, Reward has received a £100m debut private securitisation from an international

A man whose credit card was stolen and used to buy a €500,000 (£414,000) winning lottery scratchcard in France has appealed to the thieves to come forward so they can split the prize. The winning ticket, purchased in Toulouse, has yet to be submitted for collection.

Wbg issued a call to doctors affected by the McCloud remedy to review their tax implications on receipt of their Remediable Service Pension Savings Statement (RS PSS), due by March 2025. The McCloud remedy removes the age discrimination judged to have arisen in the NHS Pension Scheme resulting from

Edinburgh-based Aveni.ai, specialist in AI for financial services, has been selected by credit reference agency Equifax UK as a strategic AI partner. The Aveni Detect solution has been deployed by Equifax UK, helping to streamline quality assurance processes and reduce the amount of manual checking

AAB has again retained its top spot in Scotland's financial adviser rankings with 34 deals, the latest Experian M&A report has revealed. The M&A Review (FY 2024) details that there were several notable deals announced in the final months of the year. HM Treasury continued to reduce its stake

St Andrews-born Jane Fraser, CEO of Citigroup, has become the world's highest-paid female banker, with her total compensation exceeding $100 million. The 57-year-old, the only woman leading a major global bank, earned $34.5 million (c. £27.4m) in 2024, bringing her earnings since taking the he

Standard Chartered PLC has announced a further $1.5 billion (c. £1.2bn) share buyback following a 20% jump in underlying pre-tax profit to $6.8bn (c. £5.4bn) for the year ending 31 December 2024. This surge was driven by a 13% increase in operating income to $19.7bn (c. £15.6bn), w

The industrial sector’s share of investment in Scottish commercial property has nearly doubled since the beginning of the Covid-19 pandemic, according to new research from Knight Frank. The independent commercial property consultancy’s analysis of Real Capital Analytics (RCA) data found

The Revitalising Trusts project, a collaboration between The Scottish Charity Regulator (OSCR) and major funder, Foundation Scotland, has been working with legal teams the length and breadth of the country to release dormant charitable funds for public benefit. Over 300 inactive charitable trusts of

Cazenove Capital, Schroders' UK HNW wealth management business, has announced a partnership with Entrepreneurial Scotland, reinforcing its commitment to the growth and innovation within Scotland’s business sector. Entrepreneurial Scotland is an independent charity with over twenty years’

North-east insolvency practitioner Michael Reid has been appointed administrator for an Aberdeen managed IT services provider. As a result of a submission to the Court of Session, Internet for Business Limited, which was established in 1995, appointed an administrator on Thursday, 20 February.

A construction worker has won a supercar worth £164,000 in a competition which cost him just 29p to enter. Ciprian Cocoveica, from Basildon, won a Lamborghini Huracan in BOTB’s Supercar Competition.

North of Scotland commercial property expert FG Burnett has undergone a brand refresh.

An Inverclyde football coach is helping local children find their feet (and the back of the net) with dedicated football coaching after accessing support from Business Gateway.