News

The number of corporate insolvencies in Scotland fell by 15 per cent in April-June 2019 compared with the previous quarter, and fell by 2 per cent compared with the same quarter the previous year (April-June 2018), latest data from the Accountant in Bankruptcy. However, figures also s

Law firm Shoosmiths has today announced its financial results for 2018/19, with revenue up seven per cent year-on-year to £137.6 million and net profit up six per cent to £37.9 million. Commenting on the results, Simon Boss, CEO of Shoosmiths, said: “The market continues

Minister for Local Government, housing and planning Kevin Stewart has announced the appointment of Elma Murray as deputy chair of the Accounts Commission for Scotland. Ms Murray was chief executive of North Ayrshire Council from 2009 to 2018 and has a local government career spanning around 35 years

Interserve has announced the appointment of Mark Morris as its new chief financial officer. Effective from September 1, this appointment follows the previously announced decision by Mark Whiteling to step down to pursue his non-executive career.

The amount spent on childcare by parents in Scotland has risen sharply in recent years, according to the latest How Scotland Lives research by Bank of Scotland.

Keane Premier Healthcare, the Lanarkshire-based care home provider, is expanding after receiving a £900k loan from Barclays to finance the purchase of two new care homes. The acquisitions follow a period of sustained growth for the family-owned care home providers.

As Britain braces for a heatwave and with the school holidays in full-swing, parents across the UK are expecting to spend an average of £243 on entertaining their kids this summer.

Alliance Trust chairman Lord Smith of Kelvin is selling Inchmarnock, his island in the Firth of Clyde which includes Port House, a four-bedroom property, 20 years after embarking on a major restoration project at the beauty spot. Having been left for decades to fall into disrepair pri

The Financial Conduct Authority (FCA) has today fined Standard Life Assurance Limited (SLAL) £30,792,500 for failures related to non-advised sales of annuities. SLAL did not dispute the FCA’s findings and the firm’s agreement to accept the FCA’s findings meant it qualified fo

More than £23.8 million of Venture Capital (VC) was invested into Scottish start-ups in the second quarter of 2019, with the bulk of funds spent on technology and healthcare businesses, according to KPMG’s Venture Pulse Survey. The figures, compiled by Pitchbook, reveal that deal volume

PwC has this week published a new paper - ‘The Future of Audit: Perspectives on how the audit could evolve’ - which shows individuals and organisations with a stake in the effectiveness of audit, such as academics, investors, audit committee chairs, CFOs and politicians, have a significa

Scottish law firm Gilson Gray has appointed former Scott-Moncrieff business development director Suzanne Chaudhry as it implements an accelerated growth strategy. Ms Chaudhry joins the Edinburgh team with 22 years of experience in business development and marketing.

Carberry Tower, a luxury, 4-star castle hotel and event venue on the outskirts of Edinburgh, is set to expand after securing a £2.9 million funding package from HSBC UK. The privately-owned family business plans to use its new financial package to create new leisure and dining experiences on-s

Shelborn Investments Limited has bought the 124 St Vincent Street office building located in the heart of Glasgow’s Central Business District.  The landmark building is situated in a prime location on St Vincent Street between the junctions of Hope Street and Renfield Street. 

The Supreme Court will rule next week on an appeal from the Court of Session centred on whether a farm business is entitled to deduct the VAT it paid on the acquisitions of single farm payment entitlement (SFPE). The respondent is a taxpaying company which carried on a farming bu