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A report led by Dame Sara Thornton, the UK's Independent Anti-Slavery Commissioner, has found worryingly low levels of awareness of forced labour and exploitation of workers in the UK's financial sector.  It found that nearly half of bankers and other finance staff don’t know about the na

FRP Advisory, the liquidators of Patisserie Valerie, has launched a £200 million legal claim against the cake chain's auditor Grant Thornton. Patisserie Valerie went into administration in January 2019 following the emergence of an accounting scandal.

Competition for investment is set to intensify after the London Stock Exchange (LSE) closed last year with a flourish of activity, which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO a

Sharon McDougall, part of Begbies Traynor's Scotland Debt Solutions Team, discusses how a personal debt crisis can be handled during the current COVID-19 pandemic. The coronavirus pandemic has been a testing period for workers across the country as work reduces, income halts and employees are placed

The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of the standards for an audit firm’s responsibilities to design, implement and operate a system of quality management. The FRC proposes to adopt International Standard on Quality Management (UK) 1 Qualit

The Scottish Government has received record revenues of £89 million from residential property in the last two months according to property firm Apropos by DJ Alexander. The UK-wide letting firm, has analysed official data and found revenues from residential properties from the land and buildin

Payments start-up Modulr, based in Edinburgh, London and Dublin, has secured £9 million in investment from PayPal Ventures. Modulr is a Payments-as-a-Service API platform which enables digital businesses and software platforms across lending, banking, fintech, travel, employment services and a

Social Investment Scotland (SIS) has announced the appointment of Jill Arnold to head its new wholly-owned impact investment fund, thought to be Scotland's first impact investor. Ms Arnold, who previously held a senior role at RBS, will be the inaugural head of SIS Ventures.

Aberdeen-based global payroll and tax compliance specialist activpayroll has donated a five-figure sum to four Scottish charities to support their work during the Covid-19 pandemic.

The Financial Reporting Council (FRC) has voiced renewed concerns about the financial market’s vulnerability to the failure of one of the Big Four audit firms that dominate the sector. The regulator said it had requested detailed information from Deloitte, KPMG, EY and PWC on their responses t

Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300 million incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report. According to the newly published HMRC Annual Report and Accoun

Glasgow-based video technology platform specialist Ordo has experienced high client demand for its product range since the beginning of the COVID-19 pandemic, with the company on track to more than double revenue to around £3 million in the current financial year. Odro, which provides a comple

Despite ongoing economic uncertainty, the value of Venture Capital (VC) investment in Scottish scale-ups increased in the third of quarter of 2020, according to the latest data from KPMG's Private Enterprise’s Global Venture Pulse Survey. Between July and September of this year, VC deal volume

Graeme Finnie, managing partner at French Duncan, discusses the potential outcomes of the US Presidential election, and its impact on Scotland’s economy and business community. How the 2020 US election outcome affects Scotland’s economy and SME community could be largely dependent on the

Glasgow-based Talking Medicines, the world’s first social intelligence company for the pharmaceutical industry, has secured a £1.1 million funding deal to scale up its AI-based data technology platform for measuring patient sentiment. Tern Plc, the investment company specialising in