News

Research conducted by 3Gem on behalf of Scottish Friendly has revealed that parents would prefer family to contribute to their child's financial future rather than buy the latest toy this Christmas. The research, amongst 1,500 parents, conducted last month, shows that just over half of parents (51%)

The EY ITEM Club has predicted the Bank of England will maintain the Bank Rate at 4.75% at its December Monetary Policy Committee (MPC) meeting next week. This pause in the rate-cutting cycle is anticipated to be temporary, with the EY ITEM Club expecting a return to rate reductions in the new year,

Ultrasound technology specialist Novosound has moved into a new headquarters at BioCity in Glasgow. The expansion comes after a year of growth that saw the company increase its headcount to 42 from 34 and secure a £2 million investment round led by Par Equity.

Short-term lets (STLs) contribute positively to Scotland's economy, generating almost £1 billion in gross value added (GVA) and supporting nearly 30,000 jobs, according to BiGGAR Economics. BiGGAR's analysis claims the economic impact of Scotland’s self-catering industry has a negligible

Groundbreaking new technology capable of generating power without emitting carbon is set to be developed in Edinburgh, Aberdeen, and Durham, following a major investment deal. Middlesbrough-based H2CHP, a spin-out from Durham University, has secured a six-figure cash injection to advance its free-pi

C&C Group plc, producer of drinks brands including Tennent's Lager and Innis & Gunn, has appointed Roger White as chief executive officer. Mr White's appointment will be effective from 20 January 2025, and Ralph Findlay, who is the group's current CEO, will return to the position of non-exec

Expectations for home sales in Scotland have reached their highest in over three years, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey, with a net balance of 50% of respondents expecting the volume of transactions to increase in the three months ah

The Law Society of Scotland has added to its paralegal accreditation programme with a new specialism for paralegals who work in banking and finance. The new certification is the 15th area of law recognised for paralegals and is the second accreditation in financial services as it joins the asset man

HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese "burner" companies operating on online marketplaces like Amazon, eBay, and Temu. These companies have been said to exploit lax UK registration rules to avoid paying VAT and import taxes, costing the Treasury m

FirstGroup plc has signed an agreement to acquire RATP Dev Transit London Limited and its subsidiaries from RATP Développement SA for an enterprise value of £90 million. The acquisition will see the Scottish transportation firm enter the London bus market with a strong position and will

The Financial Conduct Authority (FCA) has cautioned MPs against a "race to the bottom" in the pursuit of economic growth. FCA CEO Nikhil Rathi and chairman Ashley Alder addressed the Treasury Committee, emphasising the need for a balanced approach that considers consumer protection and market integr

Former banker Lord Mervyn Davies has been appointed chair of Edinburgh-based Shot Scope. Mervyn Davies, Lord Davies of Abersoch, was formerly chief executive and chairman of Standard Chartered and awarded a CBE in 2002 for his services to the financial sector. He is currently chair of the Lawn Tenni

The Scottish Government has announced a package of measures to help entrepreneurs start and grow their businesses, to will be delivered next year with funding in the draft Scottish Budget 2025/26. As part of £15 million investment, at least £4m will be invested to expand the number of wo

The owners of the five-star Inverlochy Castle have acquired Knockendarroch Hotel in Pitlochry for an undisclosed sum. The award-winning luxury Knockendarroch Hotel is nestled in the heart in the Perthshire countryside, with 18 bedrooms and a popular 2 AA Rosette restaurant.

SSEN Transmission has unveiled plans to deliver at least £22 billion in mission-critical grid infrastructure, supporting up to 17,500 jobs in Scotland and adding up to £7bn of value to the Scottish economy.