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An amendment will be brought forward during Stage 2 of the Scottish Government's Budget Bill to allocate an additional £120 million to local authorities. The funding represents the equivalent of a 4% Council Tax rise.

Asset & wealth management firm AssetCo has reached an agreement on the terms and conditions of an all-share acquisition of River and Mercantile Group (RMG), in a deal worth £98.8 million. The deal takes the number of asset management businesses it has acquired in the past year to four.

Theodore Agnew, a Treasury and Cabinet Office minister, resigned yesterday over the UK Government's decision to write off £4.3 billion in fraudulent COVID-19 loans. Mr Agnew labelled the oversight of the scheme “nothing less than woeful” and accused officials of “schoolboy er

Two cases against the Crown Office over the malicious prosecution scandal are ongoing, MSPs have heard. Compensation and legal costs are now in excess of £40 million, a figure auditors described as “significant".

N4 Partners (N4) has appointed Raf Khan as manager within the advisory arm of the Glasgow-based investment firm. Formerly finance manager at Taylor Hopkinson, Mr Khan has held a number of positions within the financial services sector, including five years at Johnston Carmichael LLP as Business Advi

Scotland’s predicted rapid return to pre-pandemic levels of economic growth has been put at risk as businesses report increased concerns over rising costs, recruitment challenges and concern over the return of COVID-19 restrictions, according to a new survey conducted by the Scottish Chambers

One in three tourism and hospitality businesses have stated that they are likely to fail in 2022, according to a recent survey conducted by the Scottish Tourism Alliance (STA).

Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed as joint provisional liquidators of Iain Potter Construction Ltd (IPC) on 7 January 2022 by the company’s sole director. The company, based in Carluke in South Lanarkshire, was incorporated in 2014 and provided a range o

FinTech Scotland has confirmed a 27% increase in the number of fintech enterprises in Scotland as the cluster management organisation reaches its fourth anniversary. The FinTech SME community has now reached 190 Compared to 147 this time last year and just 26 firms when Fintech Scotland started four

A nationwide campaign gets underway today to encourage Scots to seek free debt advice if they are struggling with their bills. The Advice Direct Scotland campaign will include adverts on commercial radio, in newspapers, on buses and on digital street hubs across Scotland.

RSM UK in Scotland has advised on over 30 deals this year, with a combined value of over £400 million. This equates to a 75% uplift in value when compared to last year and an increase of 228% when compared with pre-pandemic levels.

The latest Football Distress Survey, which has been conducted by Begbies Traynor since 2012, reveals that there has been no increase in the number of Scottish Clubs displaying signs of financial distress since the pandemic started. The findings are in contrast to a continuing credit crisis among Eng

Rachel Wilson, a cyber specialist with Azets is warning that staff absences, illnesses, vulnerable systems and the requirement to work from home has created the perfect opportunity for criminals to target SMEs with weak IT security this festive period. Ms Wilson s warning that cyber-attacks such as

The Prudential Regulation Authority (PRA) has fiend Metro Bank £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position. The bank has also been fined for failings in its regulatory reporting governance, controls and invest

Details have been published of how the £12.5 billion in Scottish Government funding for 2022/23 will be distributed to local authorities. The settlement represents a total cash increase of £917.9 million or 7.9%, which is the equivalent of a real terms rise of 5.1% to support vital local