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A severe shortage of working capital is set to cause a growing number of business failures as companies responding to the recovery become overstretched and insolvent due to a lack of cash, James Fennessey, restructuring partner with Azets in Scotland, has warned. Working capital is the liquidity ava

Kieran Smith, an associate at Thompsons Solicitors, reveals why group action against Link Fund Solutions, in their role as manager of the Woodford Equity Income Fund (WEIF), is the only way to see justice done. The Woodford Equity Income Fund (WEIF) was the flagship fund of the larger Woodford Fund

Chartered accountants Wylie & Bisset believes HMRC’s interest in enforcement of the Loan Charge legislation will again be given priority when HMRC staff are fully returned to pre-Covid roles. Catherine McManus, tax partner at Wylie & Bisset, hopes that HMRC will work with taxpayers to

Peter Gallanagh, the CEO in Scotland for accountancy firm Azets, has marked the year of the business following a rebrand by paying tribute to staff for their commitment to clients and each other during the last year and for the contribution they have made to the development of the business

The Strathclyde Pension Fund has been approved as a signatory to the Financial Reporting Council’s UK Stewardship Code. The UK Stewardship Code is renowned globally as a best-practice benchmark in investment stewardship, and comprises a list of principles for asset managers, owners and service

There are signs of emerging economic recovery and renewed optimism in the Highlands and Islands, according to the latest Business Panel survey undertaken in the region. More than half (57%) of businesses in the Highlands and Islands are now operating at pre-pandemic levels or beyond.

Scottish fintech Origo has been appointed to deliver parts of the central digital architecture for the UK government's Pensions Dashboards Programme (PDP). The contract for delivery of the PDP's central technical architecture has been awarded to Capgemini, which will partner with Origo to deliver th

Stuart MacPherson, business services manager at Meston Reid & Co, considers the tax challenges for hospitality businesses emerging from the Covid-19 pandemic. The UK’s hospitality sector has been harder hit than most by the Covid-19 pandemic and its consequent restrictions.

abrdn, the fund management firm formerly known as Standard Life Aberdeen, is close to securing a new office space in London, complete with improved facilities and reduced floor space to align with its new brand and blended working strategy. The firm is in advanced negotiations to rent space on

Barratt Developments has today reported a 65.1% jump in profit before tax of £812.2 million for the year ending 30 June 2021 as the housebuilder benefited from the rebound in demand for homes from the pandemic. In its full year results, the developer said it generated revenue up 40% to £

Scotland's engineering sector is on an upward curve for the second consecutive quarter, according to Scottish Engineering’s latest Quarterly Review. The review highlights that optimism, exports and staffing remain strongly positive for the second consecutive quarter since the pandemic started,

Scotland’s onshore GDP grew by 0.9% in June, according to statistics announced by Scotland's chief statistician.

Edinburgh-based golf tech developer Shot Scope has secured £1.5 million in funding from Clydesdale Bank owner Virgin Money to help the company scale globally. Shot Scope provides wearable, global positioning, laser and shot tracking devices designed to aid decision making and improve golf

Aberdein Considine has been acknowledged as one of Scotland’s top mortgage brokers following the publication of the longlist categories in the 2021 Scottish Mortgage Awards. The firm, which has a network of independent mortgage brokers across the country, was nominated in five different catego

PayPal has announced the launch of a new service enabling its customers in the UK to buy, hold and sell cryptocurrency with PayPal. The payment services company said that the new initiative, which will be rolled out this week, will allow customers to cryptocurrency for consumers in a secure and