News

A businessman and high-profile football sponsor has claimed that he ran up a £20k electricity bill in order to prove his wealth following claims he had run out of money. Hugh Clarke took over the Sizzlers fish and chip shop in Airdrie in May 2020 but shut it down less than three mont

Wealth management and professional services group, Evelyn Partners, has announced that Callan Anderson, the founder and owner of boutique financial planning business Equilibrium Financial Consultancy, will be joining its Glasgow office. Mr Anderson, who has run Glasgow-based Equilibrium for the past

The Competition and Markets Authority (CMA) has ordered Monzo to comply with banking rules. This latest action by the CMA comes after Monzo breached the Retail Banking Market Investigation Order between May 2021 and March 2022.

Lloyds group has reported a pre-tax profit of £3.7 billion for the first half of 2022, a result that beat expectations.

Grant Thornton UK’s Corporate Finance team in Scotland has advised international buyers on two acquisitions of leisure-related businesses, amid strong interest in the sector as it recovers from the pandemic.

With inflation having reached 9.4% in June, new insights have found that almost one in five (18%) Scottish adults report their total household wealth has decreased over the past year. St. James’s Place's (SJP) financial health research report reveals the devastating impact recent months have h

More than one in ten people in the UK (12.1%) have fallen victim to payments fraud in the last four years, according to new research by global payments company ACI Worldwide. The report shows that online fraud and digital wallet hacks now account for nearly 20% (19.8%) of U.K. fraud cases, while the

Accountancy firm RSM UK has said that the UK Government's lack of clarity on employment status will lead to continuing confusion over tax and workers rights. Yesterday, the government published its paper, Employment status and employment rights guidance, which contains guidance on employment status

Aberdeen Cyrenians, a local charity that cares for and supports vulnerable people in the North East, has today announced that it has been successful in its bid to become a charity partner for accountancy firm Deloitte. Having been selected by Deloitte’s people based out of the firm’s Abe

New data from financial mutual Scottish Friendly has revealed that investment activity in Scotland fell to its lowest level in nearly three years during the second quarter of 2022. The Scottish Friendly Investor Index tracks sales of adult investment ISA policies and the total value of these new pol

Clydesdale Bank owner Virgin Money has announced a new credit card product that will allow customers to buy now, pay better.

Edinburgh-based brewery Vault City has hailed a new deal with supermarket giant Morrison’s as a ‘major milestone’ for the business. The nationwide deal will see Morrisons stock two new and exclusive product lines from the firm across its 497 stores across the UK.

One of the largest financial advice networks in Northern Ireland, Milecross Financial has announced a £1.5 million investment to further expand their operations across Scotland through several key acquisitions and partnerships in Glasgow, South Lanarkshire and Aberdeen. This latest move furthe

The Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, which will fundamentally improve how firms serve consumers.

A man has launched a multimillion dollar lawsuit against a retailer over its alleged failure to honour its promised lifetime guarantee on socks. Missouri man Kent Slaughter bought a dozen pairs of the "Redhead Lifetime Guarantee All-Purpose Wool Socks" between 2014 and 2021 and spent years bringing