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Aberdeen Asian Income Fund Limited, a fund managed by Aberdeen Standard Investments (ASI), has posted strong results for the year ended 31 December 2020.  Over the 12 months ended 31 December 2020, the Company’s net asset value (NAV) increased in sterling terms +12.9%, compared to the MSC

Iain Fraser and Tom MacLennan, partners with FRP Advisory, have been appointed joint administrators to Wooha Brewing Company Limited, the fast-growing artisan brewing business based in Kinloss, Morayshire. Founded in 2015 by Heather McDonald, Wooha Brewing had built a substantial export business for

The Financial Reporting Council (FRC) has published a new report which sets out what firms can expect from the FRC in the course of supervision with a focus on audit quality and firm resilience. 'Our Approach to Audit Supervision' highlights the FRC's approach to supervision and what the w

Consumer price inflation unexpectedly dipped to a three-month low of 0.4% in February from 0.7% in January, according to the latest figures released by the Office for National Statistics (ONS).

Neil McDonald, the stockbroker behind last year’s flotation of Scottish technology firm Calnex, has reported a 188% rise in underlying profits after an increase in fundraising activity in 2020. Neil McDonald, who heads up the Edinburgh office of Cenkos Securities, said Calnex is also engaging

Scottish residential property revenues and sales volumes rose over 20% in the last six months according to analysis of the latest Scottish Government data by property firm apropos. The UK-wide letting firm found that completed property sales rose 23.2% and government revenue was up 20.4% from Septem

Housing minister Kevin Stewart has written to the UK Government to urge a rethink on VAT rates for building refurbishments and renovations. In his letter to Treasury minister Jesse Norman, he argues the current situation acts as a disincentive to improvement work that might make buildings more energ

Suzi Smith, commercial litigation associate at Shoosmiths in Scotland, discusses the significance of the recent launch of the Business Banking Resolution Service (BBRS) for SMEs. The Business Banking Resolution Service (BBRS), launched on 15 February 2021, is a new dispute resolution service aimed a

Amphista Therapeutics, a University of Dundee spin-out company, has announced a £38 million investment round that will further its work to develop new drugs for a range of diseases. Amphista is a biopharmaceutical company creating first-in-class therapeutics that harness the body’s natur

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.

EIE21, Scotland’s premier tech investor conference which will see company founders pitch for investment from seed level to over £2 million on June 10, has confirmed its sponsors for this year with the Royal Bank of Scotland and chartered accountancy firm Chiene + Tait supporting the even

Homeowners in the UK can fix their mortgage for 40 years as banks and lenders once again offer the loans that disappeared from the housing market in the 2008 financial crisis.

Finance secretary Kate Forbes has struck a deal with the Scottish Green Party which guarantees the Scottish Government's Budget Bill can clear its final stages. The deal will see the phased introduction of free school meals for all primary pupils, an enhanced public sector pay deal, new Pandemic Sup

The UK Government has laid draft regulations in Parliament that implement the requirement for mandatory independent scrutiny of pre-pack administration sales where connected parties are involved in the purchase.