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The Bank of England (BoE) has voted to maintain the base interest rate at 5.25% for the second consecutive time, signalling a continued tight monetary stance into the foreseeable future against a backdrop of persistent inflation and subdued economic growth. Despite the grim economic outlook, the cen

Manchester-based courier company Speed Couriers has purchased Glasgow-based Caledonian Couriers, owned by Carole Henderson, in a private deal for an undisclosed sum.

Recent data unveiled by ACCA has highlighted significant issues UK accountants face when interacting with HMRC services at even the most basic level. Over half (52%) of the surveyed UK ACCA members voiced concerns that HMRC's service quality was negatively affecting their work efficiency. This

In a business highlight for Scotland, Steven Bartlett, The Diary of a CEO podcast host and youngest dragon in BBC's Dragon's Den history, delivered an illuminating session at Aberdeen’s Music Hall. This was as part of Aberdeen & Grampian Chamber of Commerce’s (AGCC) Ultimate Mastercl

Shepherd Chartered Surveyors has elected managing partner Ian Fergusson as its new senior partner and successor to George Brewster, who is to step down from the position he has held for the last 16 years. Both Mr Fergusson and Mr Brewster have worked closely alongside each other for over 30 years&nb

Royal Bank of Scotland-owner NatWest's share price took a sharp dive, marking their most significant drop since the Brexit referendum, following the bank's lowered profit forecast for the year. This decline was further compounded by the release of a highly scrutinised report by Travers Smith law fir

NatWest Group has published the key findings and recommendations from Phase I of the Travers Smith independent review. The review was commissioned by the board in July and covers the decision to close the Coutts accounts of Nigel Farage (Review 1) and the circumstances surrounding a potential breach

Cupar-based commercial laundry firm Fishers has seen its revenues rise by over £17 million in the last year as the Fife business reopened its factory in Perth.

Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.

Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy. This reflects a substantial 19.

Scotland's largest independent electronics contract manufacturer, CB Technology, has delivered a 36% increase in turnover for 2022-23, taking its revenues to £14.3 million. CB Technology’s revenues have increased 500% since the successful management buy-in backed by Maven Capital Partner

UK retail sales dropped by 0.9% in September following a rise of 0.4% in August, according to the latest figures published by the Office for National Statistics (ONS).

Levenseat, a recycling and waste management firm, is set to generate 50 new jobs at its Lathallan facility in Polmont, close to Falkirk, following a nearly £1 million grant from Scottish Enterprise. The funding, part of the Low Carbon Manufacturing Challenge Fund, aids the site's refurbishment

Amid a challenging economic backdrop and a slump in the deals market, KPMG has announced it is instituting new austerity measures within its UK operations. The firm is set to slash around 110 positions in its deal advisory department, constituting approximately 7% of the sector's nearly 1,700 person

People who use their own cars for business trips are being left out of pocket by “severely outdated” mileage rates, the Association of Taxation Technicians (ATT) has warned. Employees can be reimbursed for business travel tax-free - provided that their employer uses HMRC approved rates.