News

Firms will benefit from reduced costs and greater flexibility, and find it easier to comply with the Senior Managers and Certification Regime (SM&CR), following reforms set out today by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).

New official figures published by Accountant in Bankruptcy (AiB) show a marked deterioration in both personal and corporate financial distress across Scotland in the first quarter of 2026, with insolvencies rising significantly compared with the same period a year ago. There were 2,003 personal inso

Aberdeen Group reported a fall in assets under management and administration (AUMA) to £547.7 billion in Q1 2026, as net outflows of £2.9bn, market turbulence and a business disposal weighed on the group, though strong growth at its interactive investor platform provided a bright spot. G

Scotland's landlords have called for the next Scottish Government to formally recognise the private rented sector's importance with a dedicated strategy. The Scottish Association of Landlords (SAL) has urged all political parties contesting the election to commit to creating a strategy that understa

Glasgow-based care provider Keane Premier Group has acquired Priority Care Group, doubling the size of its portfolio and extending its reach across Scotland. The transaction, financed by Barclays UK Corporate Bank, brings six care homes, spanning Dundee, Perthshire, Angus and Aberdeenshire, into the

Newton Property Management has appointed Martin Brown as its first non-executive director. A founder of Fleet Alliance, Mr Brown brings three decades of experience building and scaling successful businesses. He was key to vehicle leasing and fleet management firm Fleet Alliance's growth, culminating

The average price of a property in Scotland reached £187,000 in February 2026, an increase of 2.3% when compared to 12 months prior, the latest House Price Index (HPI) has revealed.

UK inflation rose to 3.3% in the year to March, up from 3% in February, as the conflict in the Middle East triggered the largest monthly jump in petrol and diesel prices in nearly three years. The Office for National Statistics (ONS) said the rise was "largely due to increased fuel prices", with air

Commercial cleaning firm Capital Service Solutions has appointed Jill Thomson as head of business development. Ms Thomson brings over 14 years of experience within the cleaning and integrated facilities management sector. Throughout her career, she has built up a strong foundation of experience and

Recent data has remained positive for the Scottish economy, but the outlook for future growth is being dampened by the ongoing conflict in the Middle East, according to the Fraser of Allander Institute. In its latest Quarterly Economic Commentary, the Institute has downgraded its 2026 growth forecas

Edinburgh-headquartered Hampden Bank has broken through the £1 billion deposits milestone, with client deposits rising 13% to £1.12bn in the financial year to 31 December 2025. Loans and advances also grew, climbing more than 9% to £640 million, whilst total income increased to &po

The bosses of a corrupt payroll company that stole millions of pounds of VAT have been jailed for more than 22 years. 

BrewDog fell into administration owing nearly £500 million, with administrators confirming that shares held under its Equity for Punks crowdfunding scheme "essentially have no value". The firm, founded in 2007 by James Watt and Martin Dickie, had grown from a single bar acquired in 2009 to a g

Plans to end the way international gas prices push up electricity prices across the UK have taken a major step forward today.

The Financial Conduct Authority (FCA) has revealed the second group of firms selected to participate in its AI Live Testing initiative, with eight companies, including Barclays, Experian, Lloyds Banking Group (Scottish Widows), and UBS, chosen to trial AI applications in real-world conditions.