News

Private non-financial corporations (PNFCs) borrowed a net £5.5 billion of finance in April, up from £3.7bn in March, according to The Bank of England's latest Money and Credit release. The bulk came through £4.4bn of bank loans and £1.0bn of net commercial paper issuance, par

Benson Accountants has continued its expansion in Scotland, driven by sustained growth in its Scottish client base and the strengthening of its Perth office team. Founded in 2014 by Paul Benson, the Cumbria-based accountancy and business advisory firm has grown to a team of more than 40, supporting

The Scottish Building Society Foundation has passed a significant milestone, donating £182,000 to charities and community groups across Scotland since its launch. The achievement was announced at the Society's Annual General Meeting, held at The Hoxton hotel in Edinburgh on Wednesday 27 May.

The British Business Bank has passed the milestone of unlocking £200 million of debt finance for smaller businesses across Scotland through its Growth Guarantee Scheme. To date, 1,283 Scottish businesses have benefited, with the finance delivered through 32 lenders operating across the country

ACCA has urged the Financial Reporting Council (FRC) to adopt the International Standard on Auditing for Less Complex Entities (ISA for LCE), while pressing for a formal consultation before any move is made.

Wbg expects a 30% rise in fee income from its tax offering, driven by geographical expansion and the launch of a specialist VAT advisory service. The firm's tax service line has grown consistently by 10 to 15% per annum in recent years, prompting an expansion of its team from one partner to three. H

Cyber risk has surged to the top of the business agenda, with 40% of business leaders saying cyber is the top risk they are unprepared for – up from 23% in 2025, according to a new report from BDO. BDO’s Global Risk Landscape 2026 report found that cyber risk had jumped as organisations

A medieval manuscript regarded as one of the earliest to tell the tale of King Arthur and the search for the holy grail is to be offered at auction for the first time after more than 700 years in private hands. Christie's will sell the richly illuminated tome in its valuable books and manuscripts sa

Two of Aberdeen Group's ETFs, abrdn Future Supply Chains UCITS ETF and abrdn Future Raw Materials UCITS ETF, have reached their first anniversary, with both strategies delivering strong absolute and relative returns within their respective Morningstar categories and reinforcing their position as for

HSBC UK has provided a £3 million funding package to Woodlands Glencoe, a luxury resort in the Scottish Highlands owned and operated by the Young Family. The funding will be used to help ensure the destination resort remains under the stewardship of the family for generations to come. The Youn

New lending data from Funding Circle has signalled a shift in how SMEs use external finance, with borrowing for tax payments, working capital and debt refinancing all rising significantly, while growth-focused lending loses ground. The findings, based on analysis of 2025 data, carry practical implic

Deloitte UK has promoted over 6,000 of its people, including 48 new partners, following a very strong financial performance. The promotions, up from approximately 5,600 in 2025, come alongside a series of measures designed to reward skills and experience. Average in-grade salaries will rise by 4.2%,

Investors from France have bought nearly £200 million in Scottish commercial property since November, according to Knight Frank. The property firm's research found that French buyers purchased £183m of Scottish office buildings, retail outlets, industrial units, and other commercial prop

Income Tax and National Insurance have emerged as the taxes most urgently in need of reform, according to the first post-Scottish election poll of ICAS (Institute of Chartered Accountants of Scotland) members. New findings show that more than twice as many Chartered Accountants (39%) identified Inco

Peter Murrell purchased 108 toilet rolls using SNP funds just two days before Nicola Sturgeon urged the public not to panic buy at the start of the Covid pandemic, court documents show. The former SNP chief executive, who last week admitted embezzling more than £400,000 from the party between