The accountancy profession’s role in building and maintaining a sustainable recovery in these challenging times is the focus for ACCA (the Association of Chartered Certified Accountants) over October, November and December 2020. In its new campaign, Rethinking business for a sustainable recove
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Venezuela plans to launch the biggest-denomination note in its history, but delays in the note printing and hyperinflation mean it will be worth less than 18p by the time it enters circulation.
The downturn in permanent job placements across Scotland eased further in September, according to the latest data from the Royal Bank of Scotland’s Scottish Labour Market Report.
Mark Brown, audit, accounts & business assurance partner at Aberdeen chartered accountancy firm Meston Reid & Co, details why companies need to be focusing now on shaping a strategic approach as economic activity is begins to increase and business confidence is slowly recovering. Busine
Scottish Enterprise has announced that its CEO Steve Dunlop is to step down after a period of rapid change in which the organisation has played a central role in the Scottish Government's economic response to COVID-19. During two-and-a-half years in post, Mr Dunlop has led a major shift in the organ
The UK Government's plans to substantially increase low-deposit mortgages for first-time buyers have come amid an acute rise in loan prices. According to data from the Bank of England, the average cost of a two-year fixed-rate mortgage with a 5% deposit was 3.95 %in September, an increase from 3.02%
Tesco has no plans to sell its Edinburgh-based banking arm despite it continuing to 'act as a drag'. The supermarket giant made a pre-tax profit of £551 million in the first half of this year, marking nearly a 29% increase compared on the same period in 2019, on revenue of £28.7 billion,
Loreburn Housing Association has agreed an additional £20 million funding programme with Royal Bank of Scotland to create a new social housing programme for Dumfries and Galloway.
Eric Curran, managing partner at DM Hall chartered surveyors, discusses the state of residential property market in Scotland. There is, I am sure, a more measured and professional way of saying this, and in more normal times I would instinctively reach for it, but the stark fact of the matter is tha
A package of financial flexibilities and extra funding for councils which could be worth up to £750 million has been agreed by the Scottish Government in partnership with COSLA. To address the financial pressures caused by the COVID-19 pandemic over the next two years, councils will be granted
The Spanish division of accountancy firm BDO is facing a €100 million fine over a fishing company's accounts. BDO's Spanish division was the auditor of Pescanova, a Galician foods group, for over ten years before the firm filed for insolvency in 2013, having incurred debts of more than &eu
Stirling could benefit from a £15 million investment thanks to a proposed new Scotch Whisky distillery by Wolfcraig.
Almost half of Scots (48%) agree that there is now an opportunity to make Scotland’s economy stronger and fairer, according to Cooperative Development Scotland's survey into the effects of COVID-19 on businesses in Scotland.
Chartered accountant Amjad Hassan from EY's Edinburgh office has been announced as the 2020 winner of a global competition searching for the best and brightest CAs in the world of accounting, finance and business. The announcement was made by ICAS (the Institute of Chartered Accountants of Scotland)
The UK's economic growth was slower than the expansion seen in June and July, growing by just 2.1% despite the launch of the Eat Out to Help Out scheme. In June, the UK's economy grew by 8.7% and 6.6% in July. August's figure was below expectations and the economy is still 9.2% smaller than before t