News

The oldest inscribed stone tablet of the Ten Commandments is to be auctioned in New York today. The 1,500-year-old tablet, being auctioned by Sotheby's, is expected to net between $1 million and $2 million in a single-lot sale this afternoon.

Millions of women who were impacted by the equalisation of the pension age will not receive compensation despite a finding of "maladministration". The Parliamentary and Health Service Ombudsman (PHSO) found in March 2024 that there was a 28-month delay in communicating changes to the state pension a

Shops in Scotland are expecting to see their business rates bills rise by around £7.6 million from April 2025. The Scottish Government's Budget increases the business rate for all firms occupying medium-sized and larger commercial premises by 1.7% in 2025-26.

Edinburgh tech company Workpro has secured an additional £500,000 equity investment from existing sources as well as three new investors, including Capital for Colleagues. Workpro, the market-facing brand of Computer Application Services Ltd (CAS), has provided case management solutions for bu

Ross Stupart, RSM’s head of tax in Scotland, considers the Scottish Government's recently-published tax strategy. One of the main criticisms businesses have aimed at the Scottish Government’s approach to tax so far has been the lack of alignment with wider economic policy.

The Scottish economy shrank slightly in October, according to the latest GDP estimates. Scotland’s onshore GDP is estimated to have contracted by 0.2% in October, following unrevised 0.3% growth in September.

Johnston Carmichael has collected over 100 items of new and lightly worn pre-loved clothing for charities that help unemployed men and women back into work. The clothes are being shared with Smart Works Scotland, which provides clothing and coaching to help women into employment, and Grassroots Clot

Glasgow-based VAT & Indirect Tax Advisors (VITA) has expanded its team with two new appointments. Chantal Scheepers joins the indirect tax advisory firm as practice manager and Rachael Moran joins as tax trainee.

Scotland's labour market remained relatively stable from August to October 2024 despite economic challenges, ONS figures have revealed. In this period, the employment rate was down 0.4%, reaching 73.2% – slightly lower than the UK rate of 74.9%. However, Scotland's unemployment rate of 3.6% wa

Glasgow City Council has appointed Robert Emmott as its new executive director of financial services. Mr Emmott, who currently holds a similar role at Dundee City Council, will succeed Martin Booth in the New Year.

In November 2024, there were 114 company insolvencies registered in Scotland, 5% higher than the number in November 2023. The total number of company insolvencies was comprised of 55 CVLs, 54 compulsory liquidations and five administrations. There were no CVAs or receivership appointments.

Audit Scotland has raised concerns over the future of the publicly-owned Ferguson Marine Port Glasgow (FMPG), highlighting uncertainty as no more work is secured beyond the completion of MV Glen Rosa (802).

The Financial Conduct Authority (FCA) has unveiled plans for a new private stock market system, PISCES (The Private Intermittent Securities and Capital Exchange System), aimed at revitalising London's IPO landscape and granting investors easier access to unlisted companies. PISCES will allow investo

Upcoming changes to lease accounting standards are set to impact all businesses when they come into force, introducing new complexities for property owners, leaseholders and lenders alike, Henderson Loggie has warned. In addition, businesses are being advised to prepare for changes which will raise

Gordon’s Trattoria, an Italian restaurant situated on Edinburgh's Royal Mile, has been acquired by Merchant Leisure. Gordon Scott, who opened the restaurant in 1982, recently announced his retirement and has sold the venue for an undisclosed fee to his close friend Jim Tullis, owner of Merchan