News

The Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10,910,500 for failing to ensure customers who were in arrears were treated fairly.

A new report from the Scottish Housing Regulator has revealed a decrease in both the number of Registered Social Landlords (RSLs) taking on new loans and the total value of these loans in 2023/24 compared to the previous year.

Despite rising house prices and interest rates, first-time buyers (FTBs) in Scotland are returning to the housing market, according to DJ Alexander Ltd.

Scotland's housing market is showing promising signs of growth, with the highest level of optimism since early 2022, according to the Royal Institution of Chartered Surveyors (RICS). Despite a subdued September, The latest RICS Residential Market Survey reports a net balance of 33% of surveyors in S

The Scottish Government has confirmed £14 million in funding for 67 projects across Scotland's marine industries and coastal communities. The funding, part of the Marine Fund Scotland, will support initiatives ranging from sustainable aquaculture and fishing practices to marine litter reductio

Scotland has recorded its ninth consecutive month of growth, with data, from the latest Royal Bank Regional Growth Tracker, showing that the country has continued on a positive growth trajectory in 2024, but at a slower rate in the four weeks to September. Headline Business Activity Index fell to 51

Start Up Loans, part of the British Business Bank, has launched a new, free, interactive resource for aspiring business owners, called the ‘Essential Guide to Starting a Business’. The guide has been developed to provide useful and jargon-free guidance to help small business owners navig

Business confidence in Scotland has slightly declined, but remains high and broadly in line with the UK average, according to ICAEW. Sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) for Q3 2024, which surveys business leaders, put confidence at 14.2 on the index, down from 15.4 i

Scottish climate tech venture studio Ventex has acquired a specialist manufacturing firm as it seeks to accelerate the global expansion of nuclear energy. Cumbria-based Rovtech is the third business to become part of Ventex, which is focussed on repurposing companies, technologies, skills and experi

Amid speculation of an impending capital gains tax (CGT) hike in the upcoming Autumn Budget, Scottish business owners have accelerated sales and merger negotiations to finalise deals before any potential changes take effect, according to Lindsays. Chancellor Rachel Reeves has so far refused to rule

A charity manager who fraudulently obtained more than £95,000 from two cancer foundations and channelled the cash into family bank accounts over a period of 10 years has been jailed for three years. Lindsay MacCallum, 61, fraudulently obtained £85,978.48 from the Friends of Rainbow Valle

Andrew Tweedie has been appointed to the newly created role of chief financial officer (CFO) at Bancon Group, as the Aberdeenshire-based business reshapes its leadership team with several appointments. As part of the new leadership structure, Bob McAlpine has also been appointed executive chairman,

Sotheby’s and Chivas Brothers, maker of The Glenlivet and Aberlour, have entered a long-term partnership to bring highly aged, one-off creations to auction. Each individual lot will feature a never-before-released Scotch whisky from the Chivas Brothers portfolio.

A tax advisory company has lost a claim raised against a fruit and vegetable wholesaler that engaged its services after a sheriff ruled that a purported £9,600 “cancellation fee” said to be part of the company’s standard terms had not been incorporated into the contract betwe

Summerhall, the Edinburgh Fringe venue facing closure earlier this year, has been issued a winding-up petition by HMRC for unpaid corporation tax. Founder Robert McDowell disputes the claim, stating that tax is only owed on profits and not on investments and asset sales.