News

The efforts undertaken to tackle fraudulent applications to the Bounce Back Loan scheme have been deemed "inadequate" by the National Audit Office (NAO). According to a new report, 'The Bounce Back Loan Scheme: an update', counter-fraud activity was "implemented too slowly to prevent fraud effective

Nationwide Building Society has appointed Debbie Crosbie as its next chief executive and executive director. The selection process has been led by Kevin Parry, the society's deputy chairman and chairman-elect and follows the announcement in September that after nearly six years in the role, the curr

Link Group Limited has reported that Standard & Poor’s Global Ratings (S&P) and its ratings committee have retained Link Group’s rating at ‘A’ with a stable outlook. In its research update released last week, S&P highlighted Link’s key role in supporting the

The Financial Ombudsman Service (OBS) has published today an action plan to change and improve the organisation to provide the best service for its customers and to cut down the complaints backlog. The action plan, which builds on progress already underway, sets out how the OBS will change and impro

Perthshire-based law firm Macnabs has announced a series of appointments as it celebrates the opening of its new office in Bridge of Allan this month. The firm has appointed partner Rachael MacDonald, and has promoted Sarah Mitchell who will also take up the position of partner within the firm.

Scottish craft brewer BrewDog has opened its new craft beer hotel in Edinburgh.

Scottish footfall decreased by 19.8% in November, a 2.8 percentage point decrease from October, according to the latest Scottish Retail Consortium (SRC) and Sensormatic IQ data.

Kalopsia Collective, a textiles batch product manufacturer, focused on offering sustainable and ethical alternatives for apparel and accessories, has moved to Fife. The social enterprise’s expansion will create two green jobs immediately, with a further 15 machinist roles to be created over a

A Scottish-based manufacturing facility that will enable the production of lower carbon cement products has secured a £500,000 award from Zero Waste Scotland’s Circular Economy Investment Fund. The new site is being launched by Innovative Ash Solutions, a 50/50 joint venture between Leve

Data from Tyl by NatWest, an SME payments provider, has shown SME’s transaction values increased by £7.85 on average since the new £100 contactless limit came into effect on October 15th. Analysing data by key seasonal sectors, those in the floristry industry benefited from an aver

The Cadworks sustainable office development in Glasgow city centre launched yesterday having been completed to coincide with COP26. Investor and developer FORE Partnership has already let part of the building to UK law firm TLT.

Clydesdale Bank owner Virgin Money has announced that it will create 'collaborative hubs' to support its collaborative approach.

Debt collectors are now allowed to reach out to American borrowers on social media and by text message, according to new rules enacted by the Consumer Financial Protection Bureau (CFPB). The change, which was approved by the CFPB last year under the Trump administration, requires creditors to contac

Independent accountancy and business advisory firm Johnston Carmichael has expanded its operation in London following a series of significant business wins. The firm has secured a larger office in the heart of the City to support its continued growth – just over two years after opening its fir

The Cabinet Office has threatened to ban KPMG from bidding for government contracts if it does not improve its audit standards. The Financial Times reported that the department wrote to KPMG warning that the action would be taken if the firm could not guarantee that there would be no further miscond