News

The accountant for two Glasgow restaurateurs jailed last year for VAT fraud has been spared prison after admitting reckless behaviour in submitting false returns.

Revolut is preparing to significantly expand its investment services in the UK after securing a fresh set of permissions from the Financial Conduct Authority.

Scottish private sector firms recorded a fresh decline in business activity at the start of the second quarter, the latest Royal Bank of Scotland Growth Tracker has revealed. The headline Royal Bank of Scotland Business Activity Index – a seasonally adjusted index that measures the month-on-mo

An Aberdeen clothing manufacturer with more than four decades of history has ceased trading and entered liquidation. North East Rig Out (Aberdeen) Limited, which produced workwear for industries including oil and gas, construction, engineering and aviation has closed with the loss of eight jobs.

Scottish hotel occupancy and gross operating profits ticked up in March, according to RSM UK’s Hotel Tracker. However, firm warns that, while larger chains and luxury city hotels remain buoyant, some smaller, more rural hotels are known to be struggling, and could be further impacted by disrup

Sterling and the London stock market fell sharply on Friday, while UK borrowing costs surged, after Andy Burnham confirmed he would contest a by-election as part of a bid for the Labour leadership. The Mayor of Greater Manchester's announcement was followed by the resignation of Wes Streeting as Hea

Edinburgh-based artificial intelligence fintech Aveni has strengthened its senior leadership team with the appointment of Kent Mackenzie as chief commercial officer. With a career spanning over 20 years across tier-one banking institutions, consultancy and AI regtech, Mr Mackenzie brings deep expert

Baillie Gifford European Growth Trust’s new portfolio manager has repositioned its investments in response to global conflicts and their impact on energy prices and economic growth. Joe Faraday, who was installed at the beginning of April, said that the adjustments “cannot, amount to a p

An inquiry has been launched into the impact of banks closing more than 6,700 branches in the past decade and whether they should be compelled to introduce more face‑to‑face services. Richard Lloyd, a former executive director at the consumer group Which?, will gather evidence for the Access to

A French academic is under investigation after allegedly inventing a philology prize and awarding it to himself. Florent Montaclair, who taught without incident for 20 years at a university in Besançon, eastern France, received the so-called Gold Medal of Philology at a 2016 ceremony at the N

Broadridge Financial Solutions, a US-based fintech company, has opened an office in Glasgow to help financial services companies achieve operational resilience at a time of geopolitical tensions. As a provider of business process outsourcing (BPO) services it has launched with a global investment ba

Turnover at law firm Burness Paull has broken through the £100m turnover threshold for the first time following double-digit growth in business. Annual revenue for the year to the end of March 2026 rose 12% to £105.2m (2024/25: £93.5m) and profit increased 27% to £45.7m (2024

Pope Leo XIV has encountered trouble contacting his bank, as the customer service line hung up on him.

The head of JPMorgan's private bank in Scotland has underlined the firm to expand its Scottish arm despite global economic uncertainty.

Eddy’s Food Station, the business founded by former Dundee United chairman Stephen Thompson has been wound up with millions of pounds still owed.