News

Edinburgh-based TSB has it will be closing 73 bank branches with 300 jobs set to be lost, despite appeals to save outlets in the remotest and most deprived areas of Scotland. While there has been continued resistance to closing the “last bank in town” the move means shutting down the fin

Activity across the Scottish commercial property sector ended a tumultuous year with industrial demand strengthening while retail and office vacancy rates rose at the strong rates in over a decade, according to RICS.

US banking giant JP Morgan plans to start a digital banking business in the UK, setting it against rival start-ups Monzo and Starling as well as Goldman Sachs. Yesterday, JP Morgan said that a mobile banking app for consumers will launch in the UK under its Chase brand in the coming months.

The Financial Conduct Authority (FCA) has confirmed that mortgage firms should not repossessions, except in exceptional circumstances, before 1 April 2021.

Finance secretary Kate Forbes has called on the Chancellor to guarantee further support for businesses impacted by the coronavirus pandemic ahead of the UK Government’s budget. Writing ahead of the Scottish Budget, Ms Forbes has urged the Chancellor to extend the furlough scheme beyond April a

Tech Nation has said its inaugural Scale Ratio, which compares the number of seed stage, early growth and late growth companies in the UK’s tech ecosystems, has revealed Scottish Tech is well-positioned for sustained growth.

Health agencies around the world could soon have a better understanding of diet and allergy trends thanks to an innovative new partnership between The Data Lab, Scotland’s Innovation Centre for data and artificial intelligence, Robert Gordon University and LiberEat – the Scottish company

The Scottish Aquaculture Innovation Centre (SAIC) has appointed a trio of international aquaculture experts to its board, bringing a combined 80 years of experience to the leadership team. Alan Sutherland, marine director at the Scottish Salmon Company, Alan Tinch, technical director of Benchmark Ge

The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) have issued a joint statement reminding companies that extended financial information timelines continue to apply. Public policy interventions made in 2020 provided more time for the work necessary to ensure that publish

The limit on a single contactless card payment could more than double from the current £45 limit to £100. Earlier this month, Scottish Financial News reported that UK banks were pushing the Treasury to increase the limit. Industry experts urged that raising the cap to £100 cou

A mental health crisis is looming among SME owners after the stress and anxiety caused by the coronavirus pandemic, according to new research from small business insurer Simply Business.

A rare Botticelli portrait could sell for $80 million in an auction at Sotheby's today.

RSM and KPMG's heads of tax in Scotland have issued predictions for the upcoming Scottish budget with the two anticipating a focus on recovery after COVID-19.  Shirley McIntosh, RSM’s head of tax in Scotland, said the budget should be a 'war chest statement' ahead of the May election.

The Association of Chartered Certified Accountants (ACCA) has applied to the Secretary of State for Business to give up its status as a recognised professional body for insolvency practitioners. On 20 February 2019, ACCA asked the Secretary of State to consider the request to cease to be a Recognise

The move to homeworking and a decline in demand for short-stay Airbnb lets, as well as worries about Covid rates in urban areas, are thought to have contributed to rents plummetting in Edinburgh.