News

Unsecured creditors owed over £2.6 million following the collapse of Dundee textile firm Bonar Yarns Limited will receive a mere £31,000. The company, which produced yarn for carpets and artificial grass at Caldrum Works, entered administration in March 2023, citing "unsustainable cash f

Financial Inclusion for Scotland (FIFS) has warned that Scotland risks being left behind by the rest of the UK in the fight to tackle financial exclusion among its most vulnerable communities and individuals. The warning from FIFS comes after the UK Government recently reconfirmed its decision to al

Raeburn, Christie, Clark & Wallace has announced that Heather Stephen will become managing partner from 1 April. She will take over from Callum McDonald, who is stepping back from partnership to become the firm’s first chief operating officer. Ms Stephen said: “It is an honour to tak

Techscaler, the Scottish Government’s startup support programme run by CodeBase, will be showcasing some of Scotland’s most promising early stage startups at a London investor event this week. The Techscaler London Investor Showcase takes place at Scotland House London on Wednesday 12 Ma

STV Group has reported a robust financial performance for 2024, with revenue climbing 12% to £188 million, up from £168.4m in 2023, and adjusted operating profit up 3% to £20.6m. The growth was driven by strategic acquisitions and strong advertising revenue linked to the Euros.

Inverness Airport has again secured Best Airport under 2 Million Passengers in Europe award and Airport with the Most Dedicated Staff in Europe accolade at the 2024 Airports Council International (ACI) Airport Service Quality (ASQ) Awards.

After a 36-year career at Capital Credit Union, chief executive officer Marlene Shiels OBE has announced her retirement. Ms Shiels served on the board of directors for nine years, including a tenure as chair of the board, before joining the staff team.

Educational charity and financial services professional body the CISI (Chartered Institute for Securities & Investment) is delighted to announce that Arlene Ewing Chartered FCSI has won the CISI Mentor of The Year award 2025. The CISI Mentor of The Year Award was launched to recognise and celebr

The Scottish and UK governments have signed a £70 million investment programme with Argyll and Bute Council to deliver vital economic growth for the area. The 10 year Rural Growth Deal (RGD) for Argyll and Bute will see the Scottish and UK governments each contributing £25m to the progra

KPMG executives are pushing for significant consolidation among its national partnerships, seeking to drastically reduce the Big Four firm's "economic units" from over 100 to just 32 by next year. This streamlining of operations and aims to enhance growth and represents a substantial acceleration of

Scotland's private sector output experienced a third consecutive monthly decline in February, according to the Royal Bank of Scotland's Scotland Growth Tracker. The seasonally adjusted index, measuring combined manufacturing and service sector output, fell to 49.0, indicating a marginal contraction

Ayrshire-based Green Home Systems has reported a 208% increase in turnover, rising from £6 million to £17m for the year ending 30 June 2024. The company, specialising in domestic energy efficiency retrofits, attributes its growth to a strategic expansion of its services and partnerships.

A software developer who set up his employer's computer systems to fail in the event of being fired is facing up to 10 years in prison after his plan came to fruition. Texas man David Lu, 55, began to sabotage his employer's systems after being effectively demoted in 2018, according to the US Depart

Revolut and Visa have launched legal challenges against the UK's Payment Systems Regulator (PSR), disputing its proposed cap on international digital transaction fees. The companies argue the PSR has exceeded its statutory powers with the plan, which aims to limit interchange fees on cross-border on

Barclays customers are experiencing further disruption as the bank's app suffered a new outage on Sunday 8 March, preventing fund transfers and payments. Reports of the problems surfaced around 7am, with a sharp increase in reported outages on Down Detector. Customers have complained of being unable