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Accountant in Bankruptcy (AiB) has released official statistics reporting personal and company insolvencies in Scotland for the second quarter (July to September 2019) of 2019-20.

The Scottish Investment Bank (SIB) has joined Maven Capital Partners in a £5.3 million funding round for e.fundamentals. The funding provided by the two will allow the E-commerce analytics firm to work towards expanding into overseas markets.

Begbies Traynor has acquired the Leeds-headquartered firm Ernest Wilson in a deal worth up to £5.6 million. Begbies Traynor, which has five offices in Scotland, has obtained Ernest Wilson which operates sectors ranging from food outlets and convenience stores to care homes, restaurants and hot

The number of Scottish businesses in 'critical' distress is markedly higher than in the rest of the UK, new data from Begbies Traynor reveals. The Red Flag Alert report carried out by the insolvency specialist revealed that the number of Scottish businesses in such a sate has risen by 32% compared w

Glasgow-based recruitment technology company Candidate.ID has received ££500,000 in funding from various investors. Candidate.ID successfully raised £500,000 in just four weeks with contributions made from 550 investors.

Aberdeen oil and gas explorer Eland Oil & Gas is to be purchased by Nigerian firm Seplat Petroleum. The board of Eland Oil and Gas has recommended that shareholders accept the offer of 166p per share - 28.5% above yesterday's closing price of 129.2p.

The Financial Conduct Authority (FCA) has today announced plans to ban the way some car retailers receive commission.

The Financial Conduct Authority (FCA) has fined Tullett Prebon (Europe) Limited £15.4 million. The authority has fined the company for failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems and for failing to be open and cooperative

A new report carried out by digital solutions firm Exception has revealed that up to 90% of banks' process are to be hosted on the cloud within the next decade. The Edinburgh-based firm said that investment in the cloud is expected to grow at more than six times the rate of general IT spending in 20

Social Investment Scotland (SIS) has appointed Lindsay Wake as its first ever head of impact. The appointment has been made as the financial lender looks to further evolve and strengthen its position as an expert enabler for social and economic impact across Scotland.

Accountancy firm Johnston Carmichael has taken over the audit role for Dunedin Enterprise Trust after KPMG was axed. Johnston Carmichael won the contract for the major private equity investment organisation following changes to guidance over the independence of auditors.

Fife-based fintech company Ingenico saw a 14% decline in profits last year. The payment solutions group based in Dalgety Bay has over 32 million terminals spanning across more than 170 countries, with its chip and pin contactless technologies adopted by several major banks, retailers and financial s

The Financial Reporting Council (FRC) has appointed Simon Dingemans and Sir Jon Thompson as its new chairperson and chief executive respectively. Simon Dingemans replaces Sir Win Bischoff, who steps down after six years in the post. Sir Jon Thompson succeeds Stephen Haddrill who held the role of chi

Research commissioned by Morton Fraser has found that more than one in three (38%) of medium and large-sized businesses say they have earmarked investment funds secured in the last 12 months to take on new staff. Such investment and commitment to hiring new staff members could help mitigate the impa

New research from KPMG UK has revealed that almost a quarter of Scots (23%) spend more than half their income on the day it’s paid into their account.