News

Hiring activity in Scotland continued to decline substantially in July, although the labour market downturn softened slightly compared to previous months this year, according to the latest Royal Bank of Scotland Labour Market Report.

Real estate advisor Savills has seen its profits before tax drop by 69% to £7.7 million in the first half of this year. Last year, the firm’s profits before tax were £24.7m.

Scottish Widows has invested £2 billion in a new fund from Black Rock which is expected to support the transition to a new low carbon economy. The pensions provider has allocated £2bn of its pension portfolios in the newly launched Authorised Contractual Scheme (ACS) Climate Transit

A merger between two suppliers of retail investment platform solutions has been provisionally blocked by the Competition and Markets Authority (CMA) as it could be anti-competitive. FNZ purchased GBST in November 2019. According to the CMA, their merger could lead to UK consumers who rely

The number of jobs being advertised in Scotland fell by 53.4% in July, according to the latest job market data from CV-Library. 

The UK economic decline caused by the coronavirus pandemic will be less severe than first anticipated, however, recovery will also take longer, according to the latest data from the Bank of England (BoE). The bank currently expects the UK's economy to shrink by 9.5% this year. While this contraction

Twenty-three Scottish SMEs are set to benefit from an £18 million-a-year contract to offer demolition and deconstruction services to all local authorities and housing associations.

Metro Bank has posted a pre-tax loss of £240.6 million in the first six months of this year. The loss is a dramatic drop from the bank’s £3.4m profit reported for the same period last year.

Alex Metcalfe, head of public sector policy in the professional insights team at the Association of Chartered Certified Accountants (ACCA) has taken on a wide-ranging role at the global professional accountancy body, becoming its global head of public sector. The new role involves leading on ACCA&rs

The Financial Conduct Authority (FCA) has today published the findings of a review into relending by firms that offer high-cost credit. The review, which was completed prior to the coronavirus pandemic, highlights concerns about poor practices by some firms and notes that nearly half of consume

A mother who allegedly dug a ten-metre-long, three-metre-tall tunnel in a bid to break her son out of prison has been arrested.

Aberdeen-based chartered accountancy firm Hall Morrice has appointed David Ewen as its new audit and accounts senior manager. David Ewen, who initially trained with Hall Morrice, will re-join the team after a ten-year period working in the industry in a variety of roles.

Renfrewshire-based clothing firm M&Co has appointed Deloitte as its administrators as it announced that it will be cutting almost 400 jobs. M&Co has been put into administration with Deloitte appointed as administrators. The firm's assets were immediately bought back by the family which had

Gordon MacLure, restructuring partner at Johnston Carmichael, details the steps businesses can take now to get some breathing space as the HMRC's preferential creditor status has now been restored. The HMRC’s secondary preferential creditor status was restored on 22 July 2020 when the Finance

HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC’s API platform, according to chart