News

New research has revealed that the fallout from England and Wales’ vote to leave the European Union has resulted in thousands of millionaires quitting the UK over the course of the past two years.

Independent Glasgow brewery, WEST, has become the first brewery in the UK to be employee owned. The Glaswegian brewery has launched over 30 draught beers in the last 13 years – all brewed in accordance with the Reinheitsgebot, the German Purity Law, the oldest food law in existence,

Metro Bank has been forced to reassure customers their money is safe, acting quickly to quash what it described as false rumours on social media about its financial health. It said plans to raise £350m from investors to shore up its finances were “well advanced”. The bank, whi

The Scottish Government’s Digital Development Loan fund has awarded £1m to Scottish SMEs less than a year since its launch in June 2018. The £2m fund, which is managed by Lanarkshire Enterprise Services Ltd (LESL) and supported by DSL Business Finance (DSL), is the first phase of t

Dominic Chappell, a former racing driver who became the final owner of BHS when he led the consortium that bought the clothing and homewares chain for £1 from billionaire Arcadia chairman Sir Philip Green, has been charged with money laundering and tax evasion. Mr Chappell, 52, had n

Aberdein Considine has launched a free debt advice service as part of an ongoing programme of support for consumers. The firm currently works with a number of UK lenders in relation to different types of debt recovery and has developed a range of models to assist borrowers in managing debt, in

Jason Collins, partner at Pinsent Masons, looks at efforts to ensure tech giants pay their taxes HM Revenue & Customs (HMRC) believes that US-based multinational businesses may have underpaid £4.6 billion of UK tax last year, up 35 per cent from £3.4bn in 2017.Figures obtai

Glasgow healthcare data start-up, Talking Medicines, founded by Jo Halliday, Scott Crae and Elizabeth Fairley, has secured its first institutional investment as part of a new funding round worth £622,000 to support the next stage of its growth. Back left – Rob Halliday SIS Vent

The number of empty town centre retail outlets in Scotland dropped to 9.8 per cent last month, down from 12.0 per cent in January, placing the shop vacancy rate below the UK average of 10.2 per cent.

A new report from accountants and business advisors BDO has found that business output growth has declined for the first time this year. BDO’s Output Index, which measures UK business output growth, fell to 98.63 in April from 98.74 in March. Business confidence also registered another de

Scotland's private sector business activity rebounded in April, growing slightly, with the expansion driven by services, as manufacturing output declined. The latest Royal Bank of Scotland PMI also identified a similar trend in new orders, although employment rose in both sectors in April.

A large mixed-use business-led development near Edinburgh Airport has gained planning permission in principle.

The Edinburgh Tax Network, in conjunction with Terra Firma Chambers, will present an EIS Update on Thursday 30th May 2019 at the Mackenzie Building, Old Assembly Close, Edinburgh. The speaker will be Nicola Williams of Chiene + Tait. Nicola is a Senior Manager in the Entrepreneur

The rise of financial technology has long come under fire for alienating the generation of baby boomers and and their parents who lack the tech savvy necessary to participate in what has been a revolution for the banking industry. But now, new research has revealed that one of the latest forms of fi

Still more than 60 per cent state-owned Royal Bank of Scotland (RBS) could be facing a raft of equal pay claims after being ordered to payout £150,000 following a long-running equal pay case involving a female support analyst. The case supported by Unite the union's legal services was brought