News

Big Four firm KPMG has warned Scottish businesses to prepare for a recession in the event of a no-deal Brexit. According to KPMG's latest quarterly Economic Outlook, a disorderly exit from the European Union on 31 October could prompt a four-quarter recession with GDP contracting by 1.5% next year.

Business confidence in Scotland has moved into marginally positive territory for the first time in a year, according to new analysis from the Institute of Chartered Accountants in England and Wales (ICAEW). The latest ICAEW Business Confidence Monitor includes a Scottish score of +2.8 for Q3 2019, a

A new strategic partnership agreement has cemented the growing relationship between FinTech Scotland and Strathclyde Business School. The two organisation said the deal, signed during the course of the "Future of Fintech" event yesterday, would provide a platform for further collaboration with Scotl

Edinburgh-based fintech lending platform LendingCrowd has been named Best P2P Business Lender at the inaugural Growth Finance Awards. The awards, which recognise the role of the finance community in supporting the growth ambitions of SMEs across the UK, were held at the Royal Lancaster Hotel in Lond

The investment performance of rare Scotch dipped during the first six months of the year, the first such recorded half year decline, according to new analysis. According to figures published by whisky analyst, broker and investment experts Rare Whisky 101, the value of the broadest measurement of th

Mitie Group has been awarded an extension to its contract to provide integrated facilities management (IFM) services to Lloyds Banking Group (LBG) which will see the firm paid on its results.

Accountant David MacFarlane has been found guilty of perjury and jailed for three years after providing a false alibi for a gangster. Mr MacFarlane, 61, previously told Hamilton Sheriff Court under oath that David Sell was at his home on 11 March 2015, on which date Mr Sell was accused of taking par

A major porn production company has launched a $10 million bid for naming rights to the home stadium of a major basketball team.

Business restructuring and insolvency firm Dunedin Advisory has moved to larger Dundee premises after expanding its team with the appointment of development director Linda Grant and associate director Angela Paterson. Ms Grant has over 25 years’ experience in business, marketing and financial

Equity Gap and the Scottish Investment Bank, the investment arm of Scottish Enterprise, have invested £1.22 million in Edinburgh-based home security tech specialist Boundary to create new jobs and prepare its smart home security alarm for launch. Boundary is the invention of Robin Knox and Pau

European digital innovation organisation EIT Digital has attracted €2 million of new investment to drive the commercialisation of Scotland's tech sector since opening a satellite office in Edinburgh five months ago. EIT Digital’s Scottish presence is based at the Bayes Centre in Edinburgh

The Institute of Chartered Accountants of Scotland (ICAS) has named Hamisha Mehta as the top young chartered accountant for 2019. The announcement was made last night as part of the global One Young CA competition in London, where the young and upcoming talent of the business and finance profession

New Scottish SME challenger bank Alba has moved closer to launch next year after partnering with software company Temenos. Glasgow-based AlbaCo Limited, which is taking forward the project with a view to launching next year, will use the Swiss company's "end-to-end digital banking platform combined

There were more complaints about Bank of Scotland to the Financial Ombudsman Service (FOS) in the first half of the year than any other bank, according to new figures. There were 16,179 new complaints about Bank of Scotland between January and June 2019, down from 19,538 new complaints in the second

Barclays’ national network of Eagle Labs is set to host a series of free artificial intelligence (AI) themed Frenzy events across Scotland to inspire entrepreneurs and businesses to consider the opportunities being presented by the increasingly high-profile technology. The first of the AI Fren