The number of alleged fraud cases exceeding £100,000 has risen dramatically in the first half of 2022, according to KPMG UK’s latest fraud barometer. A total of 14 cases with a total value of £14 million reached Scottish courts in the first six months of the year &nd
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The UK construction sector is set to face the spectre of increased insolvency, exacerbating price rises while rivalling inflation as a threat to successful project delivery, Turner & Townsend has warned. As inflationary pressure persists, the global professional services business’ latest U
Diageo's interim results reported an 18.4% rise in pre-tax profit to £4.4 billion and net sales reached £15.5bn for H1. The growth in profit and sales is largely attributed to price increases and to consumers shifting away from wine and beer opting to buy more premium spirits -
Shepherd and Wedderburn has reported a 3% rise in net profits, reaching £26 million, in the year to 30 April 2022. The law firm revealed that in addition to its performance-related bonus scheme, colleagues will receive an exceptional bonus of 5% of annual salary.
A cannabis farm in Wishaw was raided after police caught a whiff of its distinctive smell — from their police station next door.
Households still £1,328 worse off after inflation despite NI threshold hike, warns Scottish Friendly
The rise in the National Insurance threshold to £12,570 announced by the UK Government won't help lower-income households, despite some headline savings on contributions, according to Kevin Brown, savings specialist at Scottish Friendly. Mr Brown highlighted that average income households are
The number of UK consumers who have adopted a more sustainable lifestyle has risen in the past year, but cost is proving to be a barrier for those wanting to make more sustainable and ethical purchasing decisions, according to new research from Deloitte. According to Deloitte’s Sustainable Con
Retail sales volumes fell by 0.5% in May 2022 following a rise of 0.4% in April, according to the latest figures published by the Office for National Statistics (ONS). However, sales volumes were 2.6% above their pre-coronavirus (COVID-19) February 2020 levels.
The Financial Conduct Authority (FCA) is today writing to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms
No available new office space is currently under construction in Edinburgh despite a strong rise in demand from occupiers as they return to the workplace, threatening the city's economic growth, Knight Frank has said. The independent commercial property consultancy said there is now new build office
Over three fifths (68%) of small and medium-sized businesses (SMEs) in Scotland are expecting to see revenues rise this quarter when compared to the same period last year, according to the latest quarterly Barclays SME Barometer. On average, Scottish SMEs expect to see a 10.4% rise between the month
The average inheritance tax bill will rise to £266,000 this year, as surging inflation tips more homeowners over the threshold, according to new analysis by investment service Wealth Club. Wealth Club has revealed that in this financial year, the average bill for a family hit by inheritance ta
Tax-raising and immigration powers should be devolved to Scotland's three largest cities, alongside an overhaul of business rates and major investment in connectivity, according to a new report. A major academic study commissioned by Brodies LLP, Anderson Anderson & Brown and Aberdeen, Glasgow a
The Financial Conduct Authority (FCA) has urged Facebook to take action on scam investment adverts following a rise in fraud attacks on social media platforms. Nikhil Rathi, chief executive of the FCA, listed Facebook’s owner Meta and Twitter as companies that must accelerate their crackdown o
Scottish average property prices increased by nearly 10% in 2021, led by rises in the cost of larger homes, according to an analysis of the latest data by property firm DJ Alexander Ltd. DJ Alexander Ltd said that between January 2021 and December 2021 average property prices in Scotland rose by 9.5
