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Galliford Try has been ordered by the Financial Reporting Council (FRC) to restate its 2018 accounts after an investigation found the company should not have recognised an £80 million claim recoverable from Transport Scotland on the Aberdeen Western Peripheral Route (AWPR) contract when it did

The number of Scottish Venture Capital (VC) deals agreed last year reached its highest level since 2013, raising a total of £60.9 million, according to a new study by Refinitiv.

It is expected that the UK Government will sell more of its stake in the Royal Bank of Scotland after the bank unveiled strong financial results last week. The bank's chairman Sir Howard Davies raised expectations for the government action when he said that he expected the government to mo

Frontier IP, a specialist in commercialising intellectual property, has raised its equity stake in portfolio company Celerum Limited from 10% to 33.8%. The increase is in return for an investment of £25,000, converting a previous loan of £21,818 into equity, and for providing £50,0

MHA Henderson Loggie has announced that LOVE learning, a charity that supports vulnerable individuals, is to take over the Edinburgh site previously occupied by Gorgie City Farm. Gorgie City Farm went into liquidation in November last year when the farm fell into financial difficulty, with MHA Hende

The Competition and Markets Authority (CMA) has reported on the progress made in tackling the loyalty penalty in which companies penalise longstanding customers by charging them higher prices than new customers. The loyalty penalty can also be when found when companies penalise those who renegotiate

Stirling-based care home investor Target Healthcare has announced its new £9.7 million acquisition in Cheshire. The company also announced that it has completed on three previously announced acquisitions in Yorkshire and Wales. The completion of the construction of the group’s care home

The UK’s tech sector is outperforming all the others in Europe, and even those in the US and China - in terms of the increase in venture capital investment it saw in 2019, according to the latest data collected for the Digital Economy Council. The data reveals that investments in the UK tech s

The Financial Conduct Authority (FCA) is today proposing to reform the easy access cash savings market.  Under new rules all firms will have to set a single easy access rate (SEAR) across all easy access accounts. Firms will have flexibility to offer multiple introductory rates for up to 12 mon

Companies need to improve their governance practices and reporting if they are to demonstrate their positive impact on the economy and wider society, according to a new report from the Financial Reporting Council (FRC). While changes to the 2018 UK Corporate Governance Code raised the bar considerab

Jersey-based investor Rhodora, which has links with the creator of James Bond, has taken up an option to acquire a £700,000 stake in goldminer Scotgold Resources. Scotgold Resources is the firm which is developing a gold mine near Tyndrum and looking to expand into other sites in Scotland

The Institute of Chartered Accountants of Scotland (ICAS) has said that the burdens on businesses in the tourist industry arising from the implementation of the Transient Visitor Levy (TVL) must be kept to a minimum. The ICAS submission was prepared by the ICAS Tax Board which represents the views o

The introduction of a tourist tax could lead to lucrative cruise liner traffic by-passing the Highlands, and even the whole of Scotland, the Chambers of Commerce for Inverness, Caithness and Lochaber and the Cairngorms Business Partnership have warned.

Aberdeen Standard Investments (ASI) private placement debt team has lent £65 million to the City of London Corporation. The investment was undertaken on behalf of life insurance companies within the Phoenix Group.

The Scottish Parliament’s Economy, Energy and Fair Work Committee is seeking views as part of its inquiry into Protected Trust Deeds (PTDs). Protected Trust Deeds are a type of insolvency, similar to bankruptcy, which commits the debtor to an agreed payment schedule in return for a substantial