News

The Office for National Statistics (ONS) has estimated that the country's GDP contracted by 0.6% in June and 0.1% for Q2. The June decrease is attributed to the Platinum Jubilee and the move of the May bank holiday leading to "an additional working day in May 2022 and two fewer working days in

The Entrepreneurial Scotland Foundation has appointed three trustees to its board who will join this summer. Non-executive director of Scottish Golf, Caroline Mansley, CEO of Inspiring Scotland, Celia Tennant, and Jason McGibbon, non-executive director of Scottish National Investment Bank will join

Wheatley Group has today announced a major £100 million sustainable loan agreement with four of the UK’s leading financial services organisations. The housing, care and property management group has agreed a £50m revolving credit facility with existing lenders, Royal Bank of Scotla

A new fintech event series has been announced which is focused on collaboration and stakeholder engagement to support the development and delivery of the recently published FinTech Scotland Research and Innovation Roadmap. The financial services industry contributes £132 billion to the UK econ

Wylie & Bisset has secured first place in a Department for Education tender to provide funding assurance work over the next four years. This marks the second consecutive year that Wylie & Bisset has been awarded a slot on the Department for Education framework, having last year been the sole

Savills plc has reported a pre-tax profit of £50.4 million and revenue of just over £1 billion in its interim results. Pre-tax profit has dropped 20% from £63.3m to £50.4m (first six months ending 30 June). Revenue has grown by 11% to £1,037.4m from £932.6m f

An index that takes account of student spending and income to calculate a score for university towns and cities across the UK has revealed that Edinburgh is now the most expensive place in the UK for students to live. The Royal Bank of Scotland Student Living Index this year has shown that household

The Co-op has pledged to help disadvantaged or isolated communities avoid becoming “cash deserts” by offering to counter high street bank closures and the rise of cashless retailing. The convenience retailer said it will offer free ATMs in every store where possible, and if not offer fre

A London property fetched a whooping £37.5 million becoming the most expensive UK property sale in Q2 2022. Located in at 15 Phillimore Gardens in Kensington, the two-bed house went on sale in May. The semi-detached property was valued at £1.7m in 2002 but has massively increased in valu

Deliveroo has reported a £147.3 million pre-tax loss in its interim results, up 54.4% from £95.4m for the same period last year. The results announcement comes as the takeaway giant losses Lord Simon Wolfson from its board.

Edinburgh-based Baillie Gifford released annual results for its US Growth Trust, which has £785 million AUM, showing a -45% return over the past financial year.

Glasgow firm N4 Partners (N4) has announced the appointment of Gordon Merrylees, the former managing director of Entrepreneurship for NatWest, RBS and Ulster Bank, as the firm readies itself for the launch of a new investment fund targeting entrepreneurs and early-stage businesses based in the UK. I

Springfield Properties has submitted a planning application for a sustainable and innovative information centre and new show homes at Durieshill, Stirling. The village is one of Springfield’s largest developments and will see around 3,000 homes delivered over the next 30 years, creating a thri

FinTech Scotland has signed a partnership agreement with Finance Isle of Man to promote and develop insurtech and fintech capabilities across the two jurisdictions, with the intention to boost economic and business co­operation and investment. They will work together to stimulate education, recr

HMRC has been ordered to pay a disabled employee £20,000, following an employment tribunal ruling. Hamish Drummond, who suffers from unexplained bouts of dizziness and fainting, took his claim to the tribunal after his employer, HMRC, stopped him from submitting an application for a senio