News

The Civil Recovery Unit is to recover £6.46 million under proceeds of crime legislation after an Aberdeen company accepted it had benefitted from unlawful conduct. WGPSN admitted one of its subsidiaries, PSNA Limited, had benefitted from payments made to Unaoil to secure contracts in Kazakhsta

The Financial Conduct Authority (FCA) has today announced that it has commenced criminal proceedings against NatWest Plc in respect of offences under the Money Laundering Regulations 2007 (MLR 2007). The FCA alleges that the Royal Bank of Scotland owner failed to adhere to the requirements of r

Aberdeen City Council is seeking damages from US sportswear brand Under Armour after a local government pension fund lost millions of pounds. The North East Scotland Pension Fund (NESPF) administers a scheme for 71,000 workers including Aberdeen, Aberdeenshire and Moray council staff.

An investigation has been launched into how £3.3 million has had to be refunded to thousands of savers as a Barrhead-based community bank collapsed two years after auditors cast doubt over its future as a going concern. Pioneer Mutual Credit Union went into insolvency and had failed to provide

Edinburgh has been listed as one of the top five cities in the UK for tech investment last year, according to the annual Tech Nation Report.

Scottish glamping site design consultancy Glampitect has opened its first office in Dubai. Set up 18 months ago by friends Calum MacLeod and Alisdair Young, the international expansion comes after a remarkable period of growth for the market-leading Edinburgh-based business.

Yorkshire Building Society is set to become the first mainstream lender to relaunch 95% mortgages. The relaunch comes nearly a year after the coronavirus pandemic sparked a trend amongst banks and lenders which saw them withdraw low-deposit loans. Currently, there are only five 95% loan-to-value (LT

Aberdeen Standard Investments (ASI) has appointed Edward Glossop as its new emerging markets economist. As part of the ASI Research Institute (ASIRI), Mr Glossop will work alongside a team of economists and researchers to deliver macro insights into ASI’s investment teams to help inform portfo

Average savings rates are continuing to drop to record lows a year on from the start of the first COVID-19 lockdown, according to analysis by Moneyfacts.co.uk.

The average number of properties for sale in some parts of Scotland has fallen by almost a quarter since their peak in November according to property firm apropos. The letting firm has analysed data which shows that the number of advertised properties on the Scottish market has fallen by 22.3% over

Applications to Scottish EDGE’s latest funding round are up by 24%, with the record 305 applications for the 17th round of EDGE in May indicating a high level of business activity on Scotland’s startup scene. Scottish EDGE is the UK's biggest business funding competition. Since bein

Small and medium-sized enterprises (SMEs) can now apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU.

A candidate for political office in Japan is conducting his campaign dressed as the Joker.

Wylie & Bisset has appointed Craig Allison and Elaine Ramage as senior managers in the firm's business recovery and insolvency team. Mr Allison joins from French Duncan while Ms Ramage takes up her new position following the firm’s recent recruitment of the management team from mlm Solutio

Andrew Bailey, the governor of the Bank of England (BoE), has said that the UK economy is set to return to pre-pandemic levels by the end of this year. This morning, Mr Bailey said that a recent rise in interest rates in financial markets was consistent with an improvement in the economic outlook.