ScottishNews.com

Finance

February 0.5% GDP growth masks gathering storm for UK economy

Published 6 days ago

The UK economy grew by a stronger-than-expected 0.5% in February, according to official figures from the Office for National Statistics (ONS), significantly outpacing the 0.1% forecast by economists.

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FCA introduces clearer and simpler short selling rules

Published 6 days ago

The Financial Conduct Authority (FCA) has finalised a simpler UK short selling regime that reduces reporting burdens for firms, while maintaining regulatory oversight.

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Glasgow City Council owed nearly £89m in unpaid business rates

Published 6 days ago

Glasgow City Council is owed nearly £89 million in unpaid business rates, a figure that has grown sharply in recent years.

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RBS: Employment grows but rising costs subdue activity in March

Published 6 days ago

A second month of employment growth offered some positivity during a modest month of business activity in March in Scotland.

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Big four banks snubbed as Nationwide and digital challengers dominate rankings

Published 1 week ago

A new joint report from Forbes and market research firm Statista has named Nationwide Building Society as the UK’s top banking institution.

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RSM: Edinburgh effect flatters Scottish hotel figures as energy crisis looms

Published 1 week ago

The Scottish hotels sector proved resilient in February, with both occupancy and gross operating profits rising slightly year-on-year and bucking the trend of the wider UK market, according to the RSM Hotels Tracker.

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In Pictures: BDP channels industrial Glasgow for PwC office design

Published 5 months ago

BDP has completed the interior design of PwC’s new Glasgow office, creating a flexible, sustainable and locally inspired workplace that it said will set a new standard for professional environments in the city.

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CJ Lang & Son Ltd reports profits of £2.5m in ‘demanding year’

Published 5 months ago

Dundee-based SPAR wholesaler and convenience retailer CJ Lang & Son Ltd has reported a small rise in turnover to £255 million and a decline in operating profit to £2.5 million.

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Biotech firm Rhizocore Technologies raises £4.5m for North American expansion

Published 5 months ago

Edinburgh-headquartered Rhizocore Technologies, a biotechnology company which uses fungi to improve tree growth and survival rates, has secured £4.5 million in investment to scale its innovative approach to forestry and woodland restoration.

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Opinion: Why it’s time to reset and refresh tax in favour of business

Published 5 months ago

Johnston Carmichael’s Alex Docherty calls on Rachel Reeves to kickstart the economy by using her Budget to support businesses.

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Saffery welcomes 15 new team members

Published 5 months ago

Chartered accounting and business advisory firm Saffery is continuing its expansion in Edinburgh after appointing 15 new team members across its corporate tax, accounting and audit divisions.

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Insolvencies in Scotland continue to plateau

Published 5 months ago

A total of 115 company insolvencies were registered in Scotland in October this year, the same number as in October 2024, according to the latest UK Government Insolvency statistics. 

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Wood shareholders approve Sidara’s £216m acquisition offer

Published 5 months ago

Wood Group shareholders have overwhelmingly approved the recommended £216 million cash acquisition of the firm by Sidara.

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UK government to outlaw ticket touting in major resale crackdown

Published 5 months ago

The government is poised to outlaw the resale of tickets for profit, with measures to be announced this week targeting touts and major platforms such as Viagogo and StubHub.

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Fraudulent insurance claims continue to top £1bn

Published 5 months ago

The Association of British Insurers (ABI) has stressed that the fight against fraud must continue as its annual detected fraud data reveals that £1.16 billion worth of fraudulent general insurance claims were identified in 2024 – a 2% increase on the £1.14bn detected the previous year.

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