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BDO, which is the second-largest auditor of listed companies in the UK, has been fined £160,000 and reprimanded over its audit of international insurer AmTrust Europe Limited. The Financial Reporting Council (FRC) said the fined related to BDO's unintentional rule breaches relating to failures

In light of the difficult trading situation amid the COVID-19 pandemic, Dundee-based restructuring and insolvency specialists Dunedin Advisory details how business debt arrangement schemes can help firms through these times. Dunedin Advisory has said it may be necessary for firms to consid

Murray Income Trust plc (MUT), a fund managed by Aberdeen Standard Investments, is to double in size to over £1 billion. The board of the £580.9 million fund have agreed head of terms for a combination of the company with the assets of the £642.2 million Perpetual Income and Growth

Virgin Money, owner of Glasgow-based Clydesdale Bank, has allocated an extra £42 million to cover potential losses from an increase in bad loans as the bank braces for the economic fallout from the coronavirus crisis. The allocation of funds, revealed in the lender's third-quarter results, are

Retailers in Scotland lost almost £2 billion in sales during lockdown, according to the latest data from the Scottish Retail Consortium (SRC).

According to a new poll from The Chartered Governance Institute and governance recruitment specialist The Core Partnership, 52% of respondents will continue to work remotely for the next few months.

Helen Foord, founder of ELE Global, details the financial implications of running a virtual team. COVID-19 has brought the world to a halt, ensuring that without warning, all but the most essential businesses have had to shutter physical locations and close down offices. Complete re-evaluations into

Forres-based Maclean’s Highland Bakery has received a £28,711 grant from Highlands and Islands Enterprise (HIE) to help advance its expansion project focused on growing UK wholesale and international markets. The bakery will also use the funding to invest in new equipment and make effici

Scotland’s GDP is confirmed to have fallen by 2.5% during the first quarter of 2020, according to statistics announced today by Scotland's chief statistician.

The number of insolvencies in Scotland dropped by around 10% during lockdown, according to the BBC Shared Data Unit.

Barclays has taken a £1.6 billion hit from the coronavirus pandemic in the second quarter of this year. The lender posted pre-tax profits of £1.27 billion in the first half of the year, marking a decrease from the £3bn reported the year before.

A woman has decided to raffle off her house and car for just £1 per ticket.

Alan McIntosh calls for an extension to emergency laws aimed at helping Scots who are struggling financially in the midst of the pandemic. As Scotland enters phase 3 of the route map to exit the lockdown, there is a danger of being seduced into believing the Scottish economy will bounce back an

The majority of Scottish firms say they plan to make redundancies once the UK Government's furlough scheme comes to an end, according to Addleshaw Goddard's latest survey of Scottish companies. The Addleshaw Goddard Scottish Business Monitor, produced in partnership with the Fraser of

Two new funding packages from the Scottish Government worth £15 million will support the tourism sector as it continues to feel the impacts of the coronavirus (COVID-19) pandemic. A £14 million Hotel Recovery Programme will help to secure up to 3,000 jobs at Scotland’s larger hotel