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Financial distress in Scottish football clubs has fallen significantly, with only three clubs (7%) in Scotland's top four leagues showing signs of trouble compared to eight a year ago, according to Begbies Traynor's March 2024 Football Distress Survey. This contrasts with a peak of 14 clubs in distr

Frasers Group, led by Mike Ashley, saw its shares surge by nearly 10% after posting annual profit growth close to the top end of guidance.

The UK government's plans for digital verification are unclear as they stand, according to a data protection expert at Thorntons LLP. The proposals form part of a new Digital Information and Smart Data Bill, introduced as part of the King’s speech. The UK government said the bill, which will a

The Institute of Chartered Accountants of Scotland (ICAS) has expressed its support for the new UK government's economic growth agenda, particularly welcoming the long-awaited commitment to audit reform and corporate governance, set out in a packed King’s Speech. The commitment to bring f

Industry leaders have voiced their perspectives on the UK government's proposed measures aimed at addressing economic challenges and fostering growth, outlined in the King's Speech.

Largo Leisure Parks has formally launched an £800,000 development, expanding its Sauchope Links holiday park, with a traditional ribbon-cutting ceremony. The project, at the coastal park near Crail, is part of an overall investment programme by private equity firm Limerston Capital,

The Supreme Court has held that professional advisory fees totally around £2.5 million incurred by an investment firm in connection with the sale of a loss-making business could not be deducted as expenses of management under section 1219 of the Corporation Tax Act 2009. Centrica Overseas Hold

PwC made 234 promotions across Scotland, including two new equity partners and seven director appointments. The latest round of promotions – which extends to team members across all lines of service in PwC’s three Scottish offices – also includes seven new directors.

The Financial Conduct Authority (FCA) has told financial firms – including banks, payment firms and lenders – to do more to ensure parliamentarians, senior public servants and their families are not treated unfairly.

OpenAI CEO Sam Altman's $27 million (c. £21m) San Francisco mansion is reportedly riddled with problems, according to a lawsuit filed by Altman's legal team. The luxury abode located in San Francisco's Russian Hill neighbourhood, was said to once be the most expensive listing in San Francisco,

Grant Thornton's US arm, following a majority stake sale to private equity, is exploring a potential takeover of its UK and Irish affiliates. This would be a landmark deal in the accounting sector, creating a transatlantic powerhouse.

House purchases faced delays due to a technical glitch in the Bank of England's crucial CHAPS payment system.

Company insolvencies in Scotland fell by 4% in June 2024 compared to the previous year, totalling 109. This was comprised of 60 CVLs, 43 compulsory liquidations and six administrations. There were no CVAs and no receivership appointments.

Scotland's labour market experienced mixed results in the second quarter of 2024, with unemployment up, despite strong earnings growth. Median monthly pay reached £2,413 in June, a 5.2% year-on-year increase, exceeding UK growth and outpacing inflation.

Macallan Food Group, a new Scottish food business led by industry veterans Bill Hazeldean and Stewart McLelland, has acquired Malcolm Allan and made a significant investment in Macsween of Edinburgh, both for an undisclosed sum. Gordon Allan, son of Malcolm Allan's founder, expressed confidence that