News

The Financial Conduct Authority (FCA), Bank of England and HM Treasury have issued a joint warning that frontier artificial intelligence models now pose a materially heightened cyber threat to regulated firms, and have set out clear expectations on how the sector should respond. In a joint statement

The Chartered Institute for Securities & Investment (CISI) received nearly 300 applications from women across 16 countries for its new Women in Finance membership programme, with the UK among the countries leading demand. Launched under the professional body's charitable objectives, the initiati

Scotland's mid-sized businesses could add over £500 million to annual economic output if they were able to make key decisions more quickly, according to FRP Advisory. The findings form part of FRP's Decision Economy report, produced in partnership with Development Economics, which examines the

UK financial firms can now move forward with tokenisation and distributed ledger technology (DLT) with greater confidence, following a joint announcement from the Financial Conduct Authority (FCA) and the Bank of England setting out a shared vision for the future of wholesale markets.

MHA has donated £3,500 to support financial literacy among young people in Aberdeen, marking the second Scottish award from the firm's MHA 1892 Foundation. The latest award has been made to CFINE (Community Food Initiatives North East), an Aberdeen-based social enterprise tackling food poverty

Edinburgh-headquartered Hampden Bank has appointed Graeme Mann as business development director. Mr Mann joins the private bank’s Edinburgh office from Coutts. He is an experienced banking and business development professional with over 25 years in financial services, specialising in relations

A spectacular blue-green diamond known as the "Ocean Dream" has shattered records at Christie's in Geneva, selling for 13.6 million Swiss francs (c. £13m) and setting a new world auction benchmark for diamonds of its colour. Weighing 5.5 carats and cut into a striking triangular shape, the gem

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