News

BDO has been severely reprimanded and fined £6.5 million by the Financial Reporting Council (FRC) following admissions of misconduct by two former audit partners. The fine was reduced to £5.8m due to admissions. The FRC investigation centred on systemic failures in supervision that allow

Kevin Mapstone and Paul Webber of Begbies Traynor have been appointed as joint administrators of Scotch Frost of Glasgow Limited on 4 November 2025. The Uddingston-based food importer and distributor, which has ceased trading with the loss of all 17 jobs, was placed into administration following a p

New research led by the University of Stirling has revealed the existence and fate of many fragments of the Stone of Destiny, notably those which were secreted away after the ancient artefact was taken from Westminster Abbey by a group of Scottish nationalist students early on Christmas morning 1950

Diageo has lowered its sales and profit forecast for 2026 due to weakening demand in China and the US. In a trading update, the drinks giant reported that net sales for the first quarter of the fiscal year declined by 2.2% to $4.9 billion, largely reflecting the negative impact of disposals and with

Commercial real estate advisory and services firm Newmark has expanded its Scottish business rates team with the appointment of John Russell as a partner in Glasgow. Ms Russell joins from BNP Paribas Real Estate, where he headed the Scottish Business Rates team.

A never-before-released whisky is expected to raise up to £70,000 in support of archaeological excavation works in the Cairngorms. The Glenlivet Eternal Collection, Second Edition, 56 Year Old, 1 of 1 is the second release in a partnership between Chivas Brothers and Sotheby's.

Scottish Friendly has raised £14,800 for Action for Children following a fundraising weekend involving colleagues from across the organisation. Action for Children is one of Scotland’s largest children’s charities, supporting vulnerable children, young people and families.

An innovative global tech gathering will launch in Edinburgh later this month, promising to deliver a "powerful boost" to Scotland's innovation ecosystem. Venture Café Edinburgh launches on Thursday 20 November at Edinburgh Futures Institute (EFI).

Accounting firm Accountability Edinburgh has been shortlisted in three categories at the upcoming Association of Accounting Technicians (AAT) Impact Awards. The firm is in the running for Practice of the Year, while founder Rosie Berridge is up for Digital Finance Pioneer and Sarah Green is in the r

UK fintech platform LendInvest Mortgages has hired Abbie McCluskey as business development manager for Scotland. Ms McCluskey will focus on building and strengthening relationships with mortgage brokers to drive the firm’s lending growth across Scotland. 

Interest rates will be held at 4% following a narrow decision by the Bank of England's Monetary Policy Committee as the Budget approaches. The nine-member committee was split 5-4 in this morning's vote, with four members supporting a reduction to 3.75%.

Shares in Wood Group have resumed trading on the London Stock Exchange, surging as much as 38% after a suspension lasting more than five months.

HomeTrust Care Limited, which operates three care homes across Cumbria, has been successfully transferred into an employee ownership trust (EOT), handing control of the business to the very people who have built its reputation for exceptional care through a trust. Graham Cunning and George Roberts,

People should brace themselves for a “nasty set of tax rises” in Rachel Reeves’ forthcoming Autumn Budget, according to leading economist and public policy expert Professor Paul Johnson CBE. Speaking at the ICAS Annual Conference 2025 in London on 5 November, Prof Johnson – P

Between August and October 2025, average residential property selling prices across Edinburgh, the Lothians, Fife, and the Borders have risen by 3.7% year-on-year, reaching £298,181, according to the latest House Price Report from ESPC. This growth was particularly strong in East Lothian, wher