EY has been appointed as Revolut's new auditor, concluding the fintech's relationship with its former auditor BDO. The change is seen as a crucial step in the company’s prolonged effort to secure a full UK banking licence.
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A police force has defended spending nearly £13,000 on a coffee machine after criticism from auditors. Police in the German state of North Rhine-Westphalia spent a total of €4.66 million on a new "innovation lab" which was originally set to cost just €250,000.
The Bank of England (BoE) has reduced the base interest rate to 4%, but a deep split among policymakers has signalled that the current cycle of reductions may be nearing its end. The decision was so contentious that the Monetary Policy Committee (MPC) had to hold two rounds of voting for the first t
Aberdeen City Council has approved the introduction of a 7% visitor levy on overnight accommodation, a move it claims will generate up to £6.8 million annually to enhance the city's tourism sector.
The Financial Conduct Authority (FCA) has announced new rules to provide greater protection for consumers using payment and e-money firms.
As Oasis fans prepare to gather at Murrayfield Stadium for a weekend at the Live 25’ reunion tour, demand for hotel rooms in Scotland has skyrocketed, with rates increasing by almost 200%, RSM analysis shows. The audit, tax and consulting firm found the average cost of room rates in Edinburgh
Steph Innes considers the merits of Geographical Indication protection following a victory for Scotch whisky in South America. Last month, Scotch whisky became the first-ever foreign product to gain Geographical Indication (GI) status in Argentina. Products labelled as Scotch whisky in Argentina wil
AAB has been recognised for its expertise and client service, securing finalist positions in four national accounting awards. The first of these awards comes from leading online accounting software provider, Xero. AAB has been shortlisted for ‘National Partner of the Year’ in the 2025 Xe
Mid-market private equity investment in Scotland fell in the first half of this year, according to KPMG UK’s mid-year private equity pulse. The mid-year study into private equity deal activity found that interest in the region’s mid-market declined, with 24 deals completing and deal volu
Plans have been lodged to transform a vacant Edinburgh office block into a 64-unit build-to-rent development, marking the latest step in the residential revival of the city's New Town.
Apple CEO Tim Cook has presented President Donald Trump with a unique, customised gift made of pure gold and glass during a White House press conference. The item, a glass sculpture resembling a silicon wafer, was mounted on a 24-karat gold base and engraved with the president's name. Mr Cook descri
Hywel Ball, the former UK head of EY, has warned that the Big Four professional services firms face significant challenges in adopting artificial intelligence due to their sheer size. Announcing his new board roles at two AI-focused boutiques, Mr Ball argued that smaller, more nimble start-ups have
The Turriff Show Business Breakfast delivered its biggest helping of insight and inspiration yet on the second day of the biggest two-day agricultural show in Scotland. Headline sponsor Virgin Money and associate sponsor Ledingham Chalmers helped fuel a lively event that has rapidly gained traction
Professional services advisory firm Hutcheon Mearns has launched a new artificial intelligence (AI) consultancy service and product offering, following the integration of specialist firm Rock River Research. The move, which coincides with the firm's 10th year of operation, signals another step chang
Employers back ethnicity and disability pay gap reporting, but more preparation is needed ahead of the entry into force of mandatory reporting requirements, writes Susannah Donaldson. Pinsent Masons asked clients for their say on the introduction of reporting requirements to aid our response to the

