News

Standard Chartered is set to axe approximately 7,800 jobs by 2030 as part of an aggressive shift towards artificial intelligence and automation. The London-headquartered banking giant, which employs around 82,000 staff globally, has revealed it intends to slash more than 15% of its back-office roles

Deloitte’s UK workforce is poised for significant financial rewards this year as the Big Four firm projects earnings that will surpass its internal profit targets.

Nationwide Building Society has posted statutory pre-tax profit of £1.49 billion for the year ending 31 March 2026, continuing its expansion into a major force in UK retail banking under the leadership of chief executive officer Dame Debbie Crosbie. While this figure sits below the prior

The Financial Reporting Council (FRC) has finalised its 2025/26 annual review of FRS 101, concluding that no major structural changes are required for the reduced disclosure framework.

Pluto Finance has completed three loans to fund the delivery of 184 new homes across Edinburgh, in a further step expanding the specialist lender's presence in Scotland. The projects, located at York Lane, Cammo and Slateford, are being delivered by experienced developers and, Pluto said, meet the h

The FSE Group has secured an additional £12 million commitment from the British Business Bank into the Investment Fund for Scotland Debt Fund, bringing the total size of the fund to £52m. The FSE Group manages the Debt Fund on behalf of the British Business Bank and is responsible for de

Iain Henderson has been named as BDO's next senior partner following a vote by the firm's equity partners. He will take office on 1 October 2026, succeeding Matthew White, who will have completed the maximum of two four-year terms in the role.

Burges Salmon's Scottish team has advised on transactions with a combined value of more than £1.5 billion over the past 12 months, highlighting the strength of its Edinburgh-based practice across the UK and internationally. The work spans a broad range of practice areas including banking &

Bk plus has appointed Calvin Bond as corporate finance partner, joining the firm's Glasgow office. Mr Bond will lead its Scottish deal advisory offering, advising SMEs, owner-managed businesses, private equity-backed businesses and private equity clients on acquisitions, business sales, growth fundi

The chief executive of a US firm has defended his decision to eliminate the company’s HR department, arguing the team had been “creating problems that didn’t exist”. Ryan Breslow, co-founder and chief executive of Bolt, made the comments after the company cut around 30% of it

Entrepreneurs in Glasgow have received over £10 million in funding since the launch of the British Business Bank’s Start Up Loans programme in 2012, with 1,086 loans delivered to smaller businesses in the city. Business founders received an average of £9,223 to help them get starte

Fast‑growing and innovative financial services businesses can now apply for more support to help them grow. The FCA’s Scale-up Unit provides tailored support to firms, helping them navigate regulation so they can scale sustainably. The unit is now open to solo-regulated firms to apply.

UK CPI inflation slowed to 2.8% in April, down from 3.3% in March, marking its lowest level since March 2025.

Company insolvencies in Scotland rose by 6% year-on-year in April 2026, with 107 cases registered compared with the same month in 2025. The figure was made up of 53 creditors' voluntary liquidations (CVLs), 49 compulsory liquidations and five administrations. There were no company voluntary arrangem

Financial planners at wealth and asset management group Rathbones have reported a sharp rise in client queries ahead of plans to bring unused pension savings into inheritance tax (IHT) calculations from April next year. HMRC estimates that around 10,500 estates will face an inheritance tax bill for