News

Next week, on Thursday 28 May, the Highland Council's Economy and Infrastructure Committee will determine the allocation of over £3 million in UK Shared Prosperity Fund (UKSPF) monies for the upcoming 12 months. The funding, provided by the UK government, is intended to deliver a positive impa

Businesses across South Lanarkshire and East Ayrshire are being urged to be part of a must-attend event offering the chance to be part of a lucrative supply chain for a new wind farm. Since receiving planning permission in 2022, OnPath Energy’s Mill Rig Wind Farm is set to inject £91 mil

The Financial Conduct Authority (FCA) has banned Detelina Subeva from the UK financial services industry. Ms Subeva is the third former Credit Suisse employee banned for lacking integrity, following their US convictions for conspiracy to commit money laundering connected to corrupt loans to the Repu

A Scottish mother paid nearly £200,000 to her daughter using funds due to a supplier just days after they decided their company was insolvent and would cease trading.  Hazel Lamont, 74, and her daughter Nicola Murray, 54, were directors of Scotparts UK Ltd, which was described on Companie

Accountants and business advisory firm CT is to hold an event to help third sector organisations navigate forthcoming changes to the charity Statement of Recommended Practice (SORP). The proposals, which were published in March and are currently under consultation until 20 June, include accounting a

The US Treasury Department has confirmed that the production of one-cent coins, commonly known as pennies, will cease next year, marking the end of an era for the coin that has been in circulation for over two centuries. The decision follows a directive from US President Donald Trump to Treasury Sec

The Edinburgh Boiler Company (EBC) has announced a record turnover of £7.2 million for the financial year ending 31 March 2025, a 60% increase from the previous year's £4.6m. This strong performance is largely attributed to the company's strategic expansion into the renewable energy sect

The Artisanal Spirits Company, owner of The Scotch Malt Whisky Society (SMWS), Single Cask Nation, and J.G. Thomson, announced a positive trading update at its AGM. The company has achieved double-digit revenue growth in the first four months of the year, leading to improved year-on-year profitabili

Edinburgh Napier University will host the inaugural Scottish Blockchain Summit on 24 June.

Self-employed people and landlords in Scotland are being urged to act now to avoid a last-minute scramble when major changes to the tax system come into force next year. Tens of thousands of Scots are expected to be among 780,000 people across the UK who must switch to Making Tax Digital for Income

A major new dedicated Scottish green finance initiative has been launched with the aim of unlocking up to £40 billion a year of investment into green projects across Scotland. Transition Finance Scotland (TFS), in partnership with the Green Finance Institute (GFI), will mobilise private capita

In the wake of high-profile cyberattacks on Marks and Spencer and Co-op, accountancy firm Wbg has highlighted the importance of SIEM (security information and event management) solutions as part of a robust third-party SOC (security operations centre). Kevin McDermott, senior IT auditor in Wbg&rsquo

Financial distress amongst Scottish Football League clubs has escalated by two-thirds year-on-year, with significant pressure concentrated on lower league teams, according to the latest Begbies Traynor Football Distress Survey. The six-monthly Football Distress Survey (as of 31 March), conducted by

The CBI is bringing together business in a new working group to support the Scottish and UK governments on their missions to build the infrastructure Scotland needs to deliver long-term sustainable growth.  With planning a key part of the recent Programme for Government and the continued progre

Accountancy and business advisory firm BDO LLP has signed a 10-year lease for 8,176 sq ft of office space at 30 Semple Street, Edinburgh, signalling a significant commitment to the city. The firm will move from its current Citypoint base on Haymarket Terrace in Autumn of this year.