The Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, which will fundamentally improve how firms serve consumers.
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In a report launched today by accountancy and business advisory firm BDO, figures show more than £1.5 billion of capital has been deployed into UK Circular Economy businesses over the past four years. This figure accounts for a total of 296 investments across equity and debt.
Mounting overheads, skills shortages and concerns about the economy punctured Scottish business confidence over the last three months according to new research conducted by the Federation of Small Businesses (FSB)
The government has published legislation confirming that low earners who save through a Net Pay Arrangement (NPA) will get the same level of government top-up as those who use Relief at Source schemes. Under the new legislation, 1.2 million low earners to see a boost to their take-home pay from 2025
ScotlandIS is launching a Cyber Showcase to connect the Scottish cyber industry to prospective investors from across the UK. The event follows the latest ScotlandIS cluster audit, which reveals that the number of cyber companies operating in Scotland has grown more than 25% in recent months.
Mike Younger, finance director with Edinburgh-based Ian Macleod Distillers has publicly criticised the Department for Work and Pensions (DWP) after his identity was stolen to claim benefits illegally. Mr Younger received a bill for for almost £700 by the DWP after his national insurance number
Scotland’s private sector economy remained in expansion territory for the sixteenth month running during June, according to the latest Royal Bank of Scotland PMI data, but growth momentum eased for the second straight month. The seasonally adjusted headline Royal Bank of Scotland Business Acti
A Scottish think tank, Reform Scotland, has warned that Scotland's tax system requires a complete overhaul.
With inflation having reached a 40-year high, fears of a recession have been all but confirmed, according to KPMG's latest UK economic outlook report.
Glasgow-based tech start-up Frog Systems has appointed former FanDuel and Sharktower CFO Brendan Waters as the company’s first finance director. Mr Waters brings a wealth of expertise in taking technology businesses from start-up, to scale-up and maturity, having previously been CFO at Scottis
Scottish tech firm Earth Blox has secured £1.5 million funding from Archangels to expand its global reach and further develop its no-code Earth Observation (EO) cloud-based SaaS. Earth Blox enables users to create customised insights from satellite and geospatial data in a straightforward way
Finance secretary Kate Forbes has welcomed the short term action announced by the Chancellor of the Exchequer to ease the cost of living crisis, but warned more support is needed for households and businesses as the cost of living crisis worsens. Following calls from the Scottish Government, the UK
Scottish Enterprise (SE) has unlocked more than £2 billion of private sector investment in early-stage companies operating in Scotland. Through its commercial investment activity, the economic development agency has invested more than £770 million to help unlock funding from private inve
The Institute of Chartered Accountants in England and Wales (ICAEW) is set to receive the entire £14.4 million fine imposed on KPMG last week for its role in the Carillion scandal. Last week, Scottish Financial News reported that KPMG was set to be fined after a Financial Reporting Council (FR
New analysis from Grant Thornton UK's bi-annual recruitment sector report shows that deal activity in the recruitment sector for 2022 is off to a strong start with 23 deals completed in the first quarter of this year. This is compared to 18 deals completed in Q4 2021 and represents the sector’
