News

Virgin Money, the owner of Glasgow-based Clydesdale Bank, has reported pre-tax profits of £72 million for the first quarter of this year, despite the economic upheaval of COVID-19.

Edinburgh-based Par Equity has led an investment of £2 million in Datactics, a leader in the field of data management. Belfast-based Datactics provides software and services to large organisations that need to improve and control the quality of the data held in their computer systems. The AI-e

Scottish entrepreneurs Lee Fitzpatrick and Jake Murray have joined forces to create Hink, a digital enterprise with a difference. Funded with the support of the DigitalBoost Development Grant, Hink is on a mission to help businesses solve real problems, in a post-pandemic era, using the power of cre

A Starbucks franchise business has opened a new drive-thru and café in Glasgow, adding to its growing portfolio of locations throughout Scotland, thanks to funding from HSBC UK. Glasgow-based OCO Westend, one of Starbucks’ longest licensed partners in the UK, opened its new store in Pol

The £10,000 earnings threshold for automatically being placed in a workplace pension should be abandoned, according to Scottish Widows. The pensions giant has urged that many workers earning less than £10,000 and even some employers, are not aware that employees can choose to opt into th

A consortium of research partners in Scotland has been awarded a £250,000 funding package to revolutionise the collection, interpretation, and use of data on fish farms, with the development of a new digital platform that will enable actionable insights. Led by R3-IoT, the Glasgow-based satell

The Financial Conduct Authority (FCA) has proposed new rules to require pension providers to ‘nudge’ consumers to Pension Wise in order to benefit from guidance before they access their defined contribution pension savings. This includes booking an appointment with Pension Wise if the co

Scotland’s GDP is now estimated to have grown by 2.3% during the final quarter of 2020, according to statistics announced today by Scotland's Chief Statistician.

Financial Reporting Council (FRC) has announced the appointment of 19 members to its Advisory Panel with effect from May 1. The Advisory Panel is a group of appointed non-executive subject matter specialists, who are called on to provide expert advice and input across the breadth of the FRC’s

Heavy metal band Twisted Sister has won a payout of nearly €1 million after an Australian politician ripped off the lyrics to We're Not Gonna Take It for his election campaign.

Accountancy and business advisory firm Johnston Carmichael has assembled a new Tech Advisory Board including some of Scotland’s most senior figures in the sector, to help its clients access expert advice on achieving growth. The group, which includes seven external advisers, incorporates seaso

Wellhouse Housing Association has appointed Robert Murray as its new finance and corporate services manager. As a qualified Chartered Certified Accountant, Robert brings a wealth of experience to the progressive housing association where he will be lead officer for all finance functions as well as t

Independent financial advisory firm Phil Anderson Financial Services has recently appointed Jim Mortimer as a mortgage and protection adviser. Mr Mortimer will be based in the Ellon headquarters of the firm and will be supporting clients with mortgage and protection advice in and around Ab

Charlotte Wright, the chief executive of Highlands and Islands Enterprise (HIE), is to leave the organisation later this year. Ms Wright, who has led the development agency for the past five years, has announced she plans to step down in the summer for personal reasons.

TEFL Org, a provider of TEFL (teaching English as a foreign language) accreditations based in the Scottish Highlands, has become employee-owned. Launched from a garden shed in the middle of the 2008 financial crash by founders Joe Hallwood and Jennifer MacKenzie, the TEFL Org is established as a mar