News

A £100 million investment in the future economic prosperity of Orkney, Shetland and the Outer Hebrides was agreed today, as representatives of the UK and Scottish governments joined the leaders of Comhairle nan Eilean Siar, Orkney Islands Council, and Shetland Island Council to sign the H

Royal Bank of Scotland and its catering provider, BaxterStorey, have distributed more than 6,000 food parcels to Edinburgh’s most vulnerable families since January, thanks to a surge of generous donations.

Glasgow-based cashback app Swipii has announced ambitious plans to quadruple its business network as it seeks to help local retailers rebuild their businesses post lockdown and fuel the shop local revival. Swipii helps local businesses attract, reward and retain customers with its big brand tech and

Scottish retail sales saw a slight recovery in February although still at a decline of 24.3% on a Total basis, which was up from the recent low seen in January, according to the latest Scottish Retail Consortium & KPMG Scottish Retail Sales Monitor.

The Scottish Government has published plans to increase the value of private investment flowing into Scotland and make the country a global centre of ethical finance. The Global Capital Investment Plan contains 30 measures to increase the availability of private capital to businesses and projects wh

Cities and regions can apply for additional funding from the Scottish Government to help them recover from the coronavirus pandemic. Speaking ahead of the first meeting of the City Centre Recovery taskforce on Thursday, economy secretary Fiona Hyslop announced two new funds totalling £4 millio

The mother of a cheerleader is accused of creating deepfake images of her daughter's teammates after she was spurned by them.

The Civil Recovery Unit is to recover £6.46 million under proceeds of crime legislation after an Aberdeen company accepted it had benefitted from unlawful conduct. WGPSN admitted one of its subsidiaries, PSNA Limited, had benefitted from payments made to Unaoil to secure contracts in Kazakhsta

The Financial Conduct Authority (FCA) has today announced that it has commenced criminal proceedings against NatWest Plc in respect of offences under the Money Laundering Regulations 2007 (MLR 2007). The FCA alleges that the Royal Bank of Scotland owner failed to adhere to the requirements of r

Aberdeen City Council is seeking damages from US sportswear brand Under Armour after a local government pension fund lost millions of pounds. The North East Scotland Pension Fund (NESPF) administers a scheme for 71,000 workers including Aberdeen, Aberdeenshire and Moray council staff.

An investigation has been launched into how £3.3 million has had to be refunded to thousands of savers as a Barrhead-based community bank collapsed two years after auditors cast doubt over its future as a going concern. Pioneer Mutual Credit Union went into insolvency and had failed to provide

Edinburgh has been listed as one of the top five cities in the UK for tech investment last year, according to the annual Tech Nation Report.

Scottish glamping site design consultancy Glampitect has opened its first office in Dubai. Set up 18 months ago by friends Calum MacLeod and Alisdair Young, the international expansion comes after a remarkable period of growth for the market-leading Edinburgh-based business.

Yorkshire Building Society is set to become the first mainstream lender to relaunch 95% mortgages. The relaunch comes nearly a year after the coronavirus pandemic sparked a trend amongst banks and lenders which saw them withdraw low-deposit loans. Currently, there are only five 95% loan-to-value (LT

Aberdeen Standard Investments (ASI) has appointed Edward Glossop as its new emerging markets economist. As part of the ASI Research Institute (ASIRI), Mr Glossop will work alongside a team of economists and researchers to deliver macro insights into ASI’s investment teams to help inform portfo