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Companies House has introduced new powers to drive better compliance and supports the agency in improving the accuracy of the UK company register and crack down on misuse. Registered companies are being warned to keep on top of their responsibilities ahead of new penalties being applied. 

Scotland’s FinTech Cluster celebrated the official opening of the Fintech Ward in the heart of the newly opened Edinburgh Futures Institute (EFI), with an event that also marked the launch of the much-anticipated FinTech Scotland Festival 2024. FinTech continues to grow in Scotland with 235 fi

Scotland is aiming to position itself as a global centre for green and sustainable finance and investment, with Deputy First Minister Kate Forbes spearheading efforts to collaborate with financial institutions. A new report from the Scottish Taskforce for Green and Sustainable Financial Services mak

EY partners have been told to expect a second consecutive year of pay cuts, while many senior staff will not receive a salary increase this year.

Kevin McColgan has stood down as CEO of Aberdeenshire-based Bancon Group with effect from today. In a statement, Bancon said Mr McColgan – an experienced construction industry leader who was appointed to the role in September 2023 – was standing down "due to personal reasons".

Over a third (36%) of UK adults would set up a Junior ISA (JISA) on behalf of their grandchild, nephew, or niece if JISA rules were relaxed, Scottish Friendly has revealed. According to findings from Scottish Friendly’s Family Finance Tracker, as rules currently stand, JISA rules prohibit anyo

A manufacturer and supplier of toilet cubicles has laid out plans to double the scale of its commercial operation thanks, in part, to a surge in demand for single-sex toilet facilities. Glasgow-based Rearo, which provides toilet cubicles and washroom facilities, has announced plans to achieve 100% g

PwC China has been fined a record £47 million and banned for six months for its role in the Evergrande scandal. Chinese authorities found that PwC failed to identify significant misstatements in Evergrande's financial statements between 2018 and 2020. This oversight contributed to Evergrande's

As temperatures drop and energy bills rise, Scottish accountancy firm Wbg is advising households to address their debts now to ensure they can keep their homes warm this winter. Utility debt in the UK has become a significant financial burden for many households. This debt reflects the challenges fa

Food and drink wholesaler JW Filshill, one of Scotland’s oldest independent food and drink wholesalers, saw turnover increase to £215 million, up 6% from £203m, in the year ending 31 January 2024.

The Bank of England's Prudential Regulation Authority (PRA) has revised its proposal for stricter capital rules for UK banks, opting for a milder approach and delaying implementation to 2026. The changes include relaxed capital requirements for small businesses, mortgages, trade finance, and infrast

The UK government has introduced a bill which permit cryptocurrency and other digital assets to be classified as personal property. The Property (Digital Assets etc) Bill, which enacts the recommendations of the Law Commission of England and, was introduced in Parliament yesterday.

Barratt Developments has reported a 75% drop in annual profits and a double-digit decline in home completions after a “challenging” year for the housebuilder. Total home completions of 14,004 for the year ended on 30 June 2024, including joint ventures, was 18.6% lower than the 17,206 co

Professional services network Forvis Mazars has appointed Craig Maxwell as its first dedicated office managing partner (OMP) in Glasgow. As OMP, Mr Maxwell will be responsible for developing the firm’s business strategy in Glasgow and oversee its local team of 96 professionals. This team advis

Scotland's Finance Secretary Shona Robison has unveiled plans for up to £500 million in spending cuts to balance the Scottish government's budget amid "enormous and growing" financial pressure. Ms Robison told parliament that this fiscal year Scotland is projected to face an additional £