News

Scotland could miss out on hundreds of millions of pounds if the UK Government does not fulfil its promise to fully replace lost EU funding, according to employment minister Richard Lochhead. The UK Government’s Shared Prosperity Fund (SPF), which is intended to replace EU structural funds los

SIS Ventures has launched a second round of fundraising with the aim of attracting up to £5 million to scale up its support for Scotland’s high impact potential early-stage businesses. SIS Ventures’ Impact First fund provides the opportunity for investors to make tax-efficient fina

Consumer confidence fell by one percentage point for a second consecutive quarter in Q4 2021, reaching -11%, according to the latest Deloitte Consumer Tracker.

St Andrews-based investment firm Eos Advisory's portfolio has reached a total valuation of £121 million based on latest investment rounds, and saw its first two exit events in 2021. In January 2021, Eos announced that it had led a £1.24m investment into RAB-Microfluidics, an Aberdeen-hea

Scott James & Associates, a senior partner practice of St. James's Place Wealth Management, has broken through the £100 million funds under management barrier. The Aberdeen-based firm revealed that it had benefitted from increased demand for financial advice throughout the pandemic, this l

The Resource Management Association Scotland (RMAS), the organisation representing Scotland’s SME resource and waste management sector has warned that plans to end the Red Diesel exemption for several industry sectors will further impact on the UK’s cost of living crisis. RMAS says the i

The Institute of Chartered Accountants in England and Wales (ICAEW) has received heavy criticism after keeping over £13 million of fines levied against KPMG for its failings in the Silentnight pension fund scandal, rather than allocating the money to the pensioners affected by the scandal. The

Richard Lloyd has been selected as interim chair of the Financial Conduct Authority (FCA) while the Treasury searches for Chris Randell's permanent successor. Aidene Walsh will act as interim chair of the Payment Systems Regulator (PSR) from 1 April 2022.

Mortgage debt in the Edinburgh postcode accounts for almost a quarter of the Scottish total, according to an analysis of the latest data by property firm DJ Alexander Ltd. The firm said that of the £66,887,491,181 of outstanding mortgage debt in Scotland Edinburgh accounted for 23.9% of the to

Scottish pharmacy group Rightdose Pharmacy has acquired a new store in Liverpool as part of its UK-wide growth strategy, following a seven-figure funding deal from HSBC UK. The Glasgow-headquartered pharmacy group operates six community pharmacies across Scotland and launched an online service in 20

M&A volume in Scotland last year rose by 38% over 2020 while deal values rose to £16.4 billion over the same period, according to the latest Experian United Kingdom and Republic of Ireland M&A Review.

A priest dubbed “Don Euro” because his flock had unknowingly funded his lifestyle of swingers’ parties, diamonds, luxury holidays and the services of sex workers has been jailed for extortion. Luca Morini, who has been defrocked by the Vatican, was sentenced to seven-and-a-half yea

Wealth management company Brewin Dolphin has grown its team in Edinburgh with the appointment of investment manager Dennis McGrath. Mr McGrath, who has over 18 years’ experience in financial services, joins the firm from 7IM where he was a team head looking after high-net-worth private clients

Scottish footfall decreased by 16.2% in January (Yo2Y), a 6.6 percentage point improvement on December, according to the latest Scottish Retail Consortium (SRC) and Sensormatic IQ Footfall Monitor.

Beeks Financial Cloud Group, the Hillington-based cloud computing and connectivity provider for financial markets, has announced the signing of a $2.2 million contract over four years for its recently launched Proximity Cloud offering, with one of the world's largest Foreign Exchange brokers. This i