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The productivity of mid-sized businesses (MSB) in Scotland is being dragged down by a lack of key skills, according to new data from leading business and financial adviser Grant Thornton UK LLP.

The accountancy profession faces a pivotal moment amidst rapid global change, writes ICAS chief executive Bruce Cartwright CA, discussing the future of the profession as the role of accountants evolves with the needs of society and stakeholders. At a time when the world is evolving faster

Company insolvencies in Scotland rose by 22% year-on-year in May 2024, reaching 118. The latest data from the Insolvency Service showed this was comprised of 71 CVLs, 43 compulsory liquidations and 4 administrations. There were no CVAs and no receivership appointments.

House prices in Scotland rose by 4.5% in the 12 months to April 2024, reaching an average of £190,000, according to the Registers of Scotland.

Advance Construction (Scotland) Ltd has made an equity investment in Northern Piling Ltd (NPL), a Scottish specialist piling contractor.

The Institute of Chartered Accountants of Scotland (ICAS) has urged the next UK government to prioritise audit and corporate governance reform to rebuild trust in businesses and safeguard livelihoods. The call is part of ICAS’ five key asks for the next government aimed at building a more sust

A former director of a haulage firm has been imprisoned for 16 months over a fraud involving police escort contracts. James Campbell altered paperwork for services provided to the firm by police in Scotland and Wales and overcharged a Spanish company by £110,000 for the transportation of wind

US bank Wells Fargo has fired several employees after claims that staff were faking keyboard activity to make the company think they were working when they were not.

UK consumer price index (CPI) inflation fell to the Bank of England’s 2% target in May, driven by lower food and core inflation.

UK investment platform Hargreaves Lansdown has confirmed it is prepared to recommend a £5.4 billion takeover offer from a private equity consortium led by CVC Capital Partners. The deal, valuing the company at £11.40 per share, comes after several rejected approaches and a turbulent peri

Elementz, a new provider of subsea asset integrity management software and subsidiary of Aize, has leased a 1,565 sq ft office at the Enterprise Centre in Aberdeen Energy Park. The three-year lease will support Elementz's growth plans in the North East, providing space for its 15-strong team. Elemen

New data from this year’s Business Barometer report published by The Open University in partnership with the British Chambers of Commerce, has found that over half (56%) of Scottish organisations are still reporting worrying skills shortages. According to the annual report, monitoring the curr

Dundee-based accountancy firm Ashton McGill has appointed Kyle Gordon as a senior accountant, marking the firm's first Aberdeen-based recruit. Mr Gordon became a fully qualified Chartered Accountant in October last year while working for another accountancy firm as an assistant tax manager.

EY has launched its first Scottish fintech lab in Edinburgh, following the Big Four firm's first successful lab in London. The lab is designed to collaborate with start-ups and scale-ups to create innovative solutions to key financial challenges across the UK region, with a particular focus on susta

Investment manager Foresight Group has has expanded its Scottish team with four new hires in the past year. The move supports Foresight's commitment to investing in growing Scottish companies across all sectors. In January 2023, Foresight announced the first close of its Foresight Scotland Fund at m