News

Companies House has introduced new powers to drive better compliance and supports the agency in improving the accuracy of the UK company register and crack down on misuse. Registered companies are being warned to keep on top of their responsibilities ahead of new penalties being applied. 

Edinburgh-based AI fintech firm Aveni.ai has won the coveted "Fintech of the Year" award at the 2024 Scottish Financial Technology Awards. The ceremony, held at the Sheraton Grand Hotel, marked the start of the Scotland Fintech Festival and celebrated the achievements of the Scottish fintech sector.

Clyde & Co recently welcomed over 50 representatives from the insurance industry to its 2024 Scottish Liability Forum, which was held in Glasgow.

From 7 October 2024, victims of authorised push payment (APP) scams will be able to claim a maximum reimbursement of £85,000 for losses incurred through Faster Payments and CHAPS, the Bank of England's Payment Systems Regulator (PSR) has confirmed. This decision by the PSR board reduces t

Ahead of its centenary year, construction firm Morris & Spottiswood has announced record turnover of £128 million in 2023, a 25% rise from the previous year. Part of the Morris & Spottiswood Group, its founding business, Morris & Spottiswood Ltd, also achieved an operating profit o

Glasgow-based tech company PropEco, which provides an innovative technology platform that can assess the long-term value and viability of property, has secured seed funding of £275,000. The capital injection will be used to accelerate PropEco’s mission to empower property professionals,

Lomond Group has expanded its Scottish portfolio with the acquisition of Aberdein Considine's residential lettings business. The deal adds 1,700 properties, from across Aberdeen, Aberdeenshire and the central belt, to Lomond's Scotland brand, DJ Alexander, bringing its total managed properties

Johnston Carmichael’s Wealth team has placed first in the FTAdviser’s annual ranking of the Top 100 financial advisers for the third year running. The industry recognition follows Johnston Carmichael’s Wealth team’s ongoing adoption of innovative processes for clients, and in

PwC UK partners have seen their average pay drop to £862,000 this year, a 5% decrease from £906,000 last year. This comes as the firm's revenue growth slowed to 9%, down from 16% the previous year. Profits also fell by 14% to £1.1 billion.

Maven Capital Partners has completed a profitable exit from Edinburgh-based QikServe through a sale to business management software provider The Access Group, for an undisclosed sum. QikServe is a digital commerce platform, content management system, kiosk and mobile order and pay provider for the h

An anti-monarchy campaign group Republic has published a report alleging that the "true cost" of the monarchy to the public is now £510 million annually. This is significantly higher than the Sovereign Grant, which funds the Royal Family's official duties and is set for a significant increase

Scottish Friendly’s Family Finance Tracker has revealed that nearly half (46%) of women are opting to hold their long-term savings in a savings account, instead of more tax-friendly options such as a pension or ISA wrappers, compared to 39% of men. Meanwhile, 33% of men are opting to use pensi

Scotland’s FinTech Cluster celebrated the official opening of the Fintech Ward in the heart of the newly opened Edinburgh Futures Institute (EFI), with an event that also marked the launch of the much-anticipated FinTech Scotland Festival 2024. FinTech continues to grow in Scotland with 235 fi

The Financial Conduct Authority (FCA) is has announced plans to strengthen protection for customers of payments and e-money firms in case of business failure. Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms.

Scotland's economy saw modest growth of 0.3% in July 2024, outperforming the stagnant UK economy. This follows a revised 0% growth (up from -0.3%) in June, contributing to a 0.3% increase in GDP for the three months leading to July. The manufacturing and information & communications sectors were