News

Global investors have significantly increased their allocation to UK stocks, reaching the highest level since June 2021, according to Bank of America’s (BofA) latest Global Fund Manager Survey.

Beeks Financial Cloud Group has announced a 22% increase in revenue, rising from £12.96 million to £15.79m for the six months ending 31 December 2024. This growth coincides with a significant new contract win with US cryptocurrency exchange Kraken.

Companies House has taken a step towards greater certainty about who is filing information on behalf of companies.  Today sees the launch of a new service that allows third-party corporate service providers, such as accountants, legal professionals and company formation agents to apply to regis

Wright, Johnston & Mackenzie (WJM) is set to join forces with commercial law firm Davidson Chalmers Stewart in one of the most significant deals in both firms’ history. The move follows investment in WJM from Irwin Mitchell and marks a major step in their strategic plan for growth in Scotl

AAB has announced Derek Mair as the new head of office for its Aberdeen branch, effective 1 April 2025. Mr Mair succeeds Graeme Allan, who will transition to a non-executive director role on the AAB Group board.

Capital Credit Union (CCU) has recorded its highest-ever monthly intake of new members in its 35-year history, thanks to formal partnerships with Scotland’s sporting community and the greener energy supply chain. The Edinburgh-headquartered ethical lender attracted 522 new members in February

Commercial property company HFD has reported a successful first year for its flexible office service, Ospa, securing nearly 100,000 sq ft of lettings. Launched in February 2024, Ospa offers an all-inclusive office solution, eliminating hidden fees typically associated with serviced office spaces, su

Private bank Hampden has relocated its Edinburgh headquarters and rebranded from Hampden & Co to Hampden Bank. The bank has moved from 9 Charlotte Square in Edinburgh, where it opened in 2015, to a newly developed double-townhouse office at 20 and 21 Charlotte Square, the iconic square that is p

Eggs are being smuggled into the US from Mexico and Canada to satisfy black market demand amid skyrocketing prices. Egg prices have become synonymous with inflation in the US, where the price of a dozen eggs roughly doubled in a year to reach a record $5.90 (around €5.40 or £4.54) in Febr

Edinburgh-based Buccleuch Property has acquired three Sainsbury's Local stores in Telford, Colchester and Lewisham for a total purchase price of £5.6 million. The buildings are leased to Sainsbury’s for a term of 15 years with indexed rent reviews. The stores range in size from 3,337 sq

Industry research has revealed that UK small and medium-sized enterprises (SMEs) are repaying debt at a rate 20 times higher than pre-pandemic levels, prompting a government review. Despite increased financial providers since 2008, the Department for Business and Trade (DBT) is concerned about

Phoenix Group shares experienced a surge of over 6% on Monday, following the company's announcement of significantly exceeding its cash generation targets and upgraded future guidance. The FTSE 100 firm, which owns Standard Life, reported a 31% increase in 2024 operating profit, reaching £825

The Scottish Government is hosting a major investment event in Edinburgh today aimed at unlocking new private investment in the country’s rapidly growing offshore wind industry. More than 100 stakeholders, including investors and developers, will attend the Global Offshore Wind Investment Foru

Robertson Group has reported a 23% increase in revenue today in its financial results to year end 30 June 2024. Revenue of £825 million, up from £670m during the previous year, was in line with forecast, following a year of mixed trading performance across the portfolio with a number of

EY is set to implement a significant partner redundancy round, potentially the largest in decades, as the firm grapples with a prolonged downturn in professional services. The Big Four firm, led by UK and Ireland managing partner Anna Anthony, plans to axe approximately 30 partners, primarily within