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EY CEO, Carmine Di Sibio, has said that the his firm stands to gain $10 billion (£8.37bn) in additional fees by separating it's auditing and consulting divisions. EY is the first of the big four firms to move towards breaking up of its different business services. The leaders of the big f

The Financial Conduct Authority (FCA) has published a list of providers it intends to authorise when the pre-paid funeral plans industry comes under its regulation from 29 July.

Dundee-based cloud computing company iomart Group has posted its full year results for the year ended 31 March 2022, revealing an 8% decline in revenue from £111.9 million to £103m. However, the firm stressed that it continues to "benefit from a robust business model delivering

Paul Reeves, managing director at restructuring advisory Kroll, discusses the intricacies of pre-pack administrations. Ever since the administration process became the key business rescue process over two decades ago, the pre-pack administration has suffered a tarnished reputation. Legislation has i

Edinburgh entrepreneur John Ross aims to encourage more people to set up their own businesses with the launch of Scotland’s first window cleaning franchise. As managing director of CleanTEC, he established the firm in 2009 and has overseen consistent growth for the past 12 years. During that t

Almost one in five employers in Scotland are likely to make staff redundancies in the year ahead, according to a new survey commissioned by workplace experts Acas (Advisory, Conciliation and Arbitration Service) and carried out by YouGov. The new study shows that 19% of businesses based in Scot

Over 1.2 million subscription payments have been stopped since summer 2021, as technology puts customers in further control of their spending, according to new data from Bank of Scotland owner Lloyds Bank. Popular TV, film and music streaming services made up almost half (47.1%) of regular payments

Chartered accountant Wylie & Bisset has welcomed Crown Estate Scotland’s launch of a capital investment fund and advised SMEs to diversify and innovate their way to prosperity. Launched to help promote the sustainable development of Scotland’s natural resources, the £3m Innovat

Businesses in Scotland are being urged to withdraw from trading with Russia, following its invasion of Ukraine. Finance and economy secretary Kate Forbes has asked companies to take “economic action” by reviewing operations for links and connections to Russia and severing them.

Investing Women Angels (IWA) has become the first Scottish angel group to achieve a Nasdaq exit following this week’s successful listing of TC Biopharm on the New York-based stock exchange. Motherwell-headquartered TC Biopharm, a clinical stage biotechnology company developing cell therapies i

Flaws found in the way Scottish Canals recorded and valued its assets meant auditors could not give an opinion on its accounts, according to a new report published by Audit Scotland. Scottish Canals' status changed from a public corporation to a non-departmental public body in 2020/21. That cha

In 2021, deals led by angel syndicate members of LINC Scotland secured in total £146 million funding for young companies with high growth potential, almost double the amount raised in 2020, and 70% higher than the record set in 2019. Before the pandemic struck, 2019 had been a high point in th

Unite, the union representing staff at the Financial Conduct Authority (FCA), has launched an indicative ballot of its members for industrial action at the regulator. Yesterday, Unite members began voting in a ballot called by the union as management has refused to negotiate with the workforce on a

Edinburgh-based venture capital firm Par Equity has more than doubled its annual investment into innovative technology businesses, from £12 million in 2020 to £25m last year. This was in addition to a $400m exit on the sale of portfolio company Current Health in October, which continued

Par Equity, the Scottish-based forestry investment fund manager, and Aviva Investors, the global asset management business of Aviva, have announced plans to deliver a significant woodland creation and peatland restoration scheme in the north east of Scotland that aims to capture over 1.4 million ton