News

Brian Milne and Ishbel Macneil of Quantuma Advisory have been appointed liquidators to Gracey Avenue, Dunfermline's only dedicated lingerie retailer, resulting in the loss of five jobs. A Companies House filing shows the Fife business passed a special resolution on 5 March confirming that the compan

A former manager at Royal Bank of Scotland's (RBS) controversial Global Restructuring Group (GRG) has pleaded guilty to bribery after accepting more than £600,000 in corrupt payments from customers in exchange for preferential treatment of their businesses. Stuart Holloway, 48, of Bury, Greate

A group of Scots who have all been diagnosed with cancer will take to the catwalk later this month to model some of the latest fashions in the closing show of this year’s Edinburgh STYLE event. The Catwalk for Cancer Research, organised by local charity Business Beats Cancer Edinburgh on behal

Scottish Enterprise has approved a £4.74m package to deliver a major new development at the Advanced Manufacturing Innovation District Scotland (AMIDS) in Renfrewshire. This funding will be matched by the AMIDS joint venture partners Renfrewshire Council and Buccleuch Property and will facilit

The head priest and dean of a 150-year-old church has been charged with shoplifting a four-figure sum's worth of trading cards. The Very Rev Aidan Smith, dean of Trinity Episcopal Cathedral in downtown Pittsburgh, is alleged to have stolen 27 packs of baseballs cards from a Walmart.

The Prudential Regulation Authority (PRA) has imposed a financial penalty of £10,625,000 on U K Insurance Limited (UKI Limited) in connection with a miscalculation of their Solvency II balance sheet during 2023 and 2024. This resulted in UKI Limited overstating its solvency to the PRA and to t

New findings from Bank of Scotland’s Business Barometer show that AI is helping Scottish firms work more efficiently and unlock new opportunities for growth. Scottish businesses integrating AI into their operations are reporting significant financial benefits, with 96% seeing increased product

More than two-thirds (70%) of small business leaders in Scotland have not pursued a potential business venture because of a lack of confidence, new research by YouGov on behalf of the British Business Bank has revealed. This crisis of confidence is costing the UK over half a million potential busine

Revolut Bank UK Ltd has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK.

A long-established family-run specialist flooring contractor headquartered in East Kilbride has ceased trading after its directors appointed administrators this week, with 43 employees made redundant. George Lafferty of BTG was appointed administrator of Industrial Floor Treatments Limited on 10 Mar

BGF-backed hedgehog lab, the Newcastle-headquartered digital product consultancy, has appointed Malcolm Seagrave as chief executive as it accelerates expansion plans that place Scotland at the heart of its ambitions. Mr Seagrave steps up after 18 months as managing director of the firm's UK operatio

Edinburgh-headquartered Legado has seen triple-digit growth in its customer base over the last twelve months and is approaching half a million users as the financial services sector rushes to adopt more digital infrastructure. The Scottish fintech, which supports financial institutions in modernisin

Susie Lind, partner in the Edinburgh office of international law firm CMS, has been appointed as chair of Scottish Renewables. Ms Lind – who joined the law firm last November – succeeds Adam Morrison, the UK country manager for Ocean Winds, who served in the role from 2021.

Royal Bank of Scotland-owner NatWest Group has appointed Kevin Havelock as mid-market champion for Scotland. The appointment comes as the group has appointed a total of 12 mid-market champions across UK nations and regions, part of its "growing together" plan to drive UK wide growth by supporting re

Two exceptionally rare casks of whisky from the celebrated "ghost" Japanese distillery Karuizawa have set a new record at Christie's, becoming the highest-value lots ever sold at one of the auction house's Wine and Spirit sales. The two casks, numbered #6195 and #888, achieved a combined total of &p