News

The UK government has granted greater powers for the National Crime Agency (NCA) and police to seize, freeze and destroy cryptoassets used by criminals, effective today.

While UK inflation remains sticky and the prospect of interest rate cuts is moving further away, businesses in Scotland once again saw both advanced and early signs of financial distress rise in the first quarter of 2024 compared with Q1 2023, according to Begbies Traynor. The latest Red Flag A

Local relationship bank Handelsbanken has appointed Kevin Hulse as its first corporate manager – business development for Edinburgh. Born and bred in the capital, the 43-year-old steps into the newly-created position after two years with the bank as a corporate manager, based at its Edinburgh

Insolvency and restructuring trade body R3 has appointed Tim Cooper, partner at Addleshaw Goddard, as its new president. As president, Mr Cooper will work with R3’s CEO, senior management team and council to help shape and deliver R3’s strategy for the next 12 months and supporting its d

The Port of Greenock has been awarded a new weekly deep sea container service that will directly connect Scotland to the Mediterranean market of Turkey. The new call on the Mediterranean Shipping Company’s Türkiye-to-and-from-UK West Coast service is an extension of the existing service,

Former England and Liverpool footballer John Barnes has been banned as a director after his company failed to pay tens of thousands of pounds in tax. Investigations by the Insolvency Service, which began in September 2023, revealed that between 2018 and 2020, the 60-year-old’s company, Jo

Monzo customers are now eligible to receive a free sausage roll each week.

More than 100 people from accountancy and business advisory firm Johnston Carmichael are gearing up for Scotland’s biggest fundraising event of the year – the Kiltwalk. Johnston Carmichael has been a gold sponsor of the charity event for eight years as part of its commitment to supportin

SBP Accountants & Business Advisers (SBP), the North-east accountancy firm with offices in Aberdeen, Peterhead, Fraserburgh and Banff, has achieved a final fundraising amount of £6,961 for AberNecessities. AberNecessities, a local charity dedicated to providing essential items to chil

In response to evolving global ESG reporting regulations, AAB Group has introduced a dedicated ESG division. In the last year ESG reporting changes have been written into EU regulations and will be written into UK regulations over the next three years, impacting a range of businesses from larger com

Scottish Building Society, the world’s oldest remaining mutual, has posted its highest ever savings balance recorded in its 175-year history. The institution’s latest annual results reveal a remarkable 17% increase in savings balances over the past twelve months, soaring to over £4

Scotland's overall occupier demand for commercial property rose in the first quarter of the year, according to the Royal Institution of Chartered Surveyors (RICS). RICS' Commercial Property Monitor shows the increase is driven by strengthening demand for office and industrial space, with a net

The Scottish property industry has highlighted the critical need for clarity from the Scottish Government to support investment in Scotland’s built environment. Scottish Property Federation members and stakeholders gathered in Glasgow yesterday for the SPF Annual Conference to discuss key issu

Edinburgh-based estate agent Simpson & Marwick has completed the first phase of its East Lothian expansion plan with the appointment of Charlotte Murray as senior property consultant. Ms Murray brings a wealth of experience to the role, with a proven track record of success in the region.

A food firm has emerged victorious in a legal battle against HMRC, securing an exemption from VAT on its Mega Marshmallows. The court ruling, upholding a decision by the first-tier tribunal, stated that the marshmallows are not to be considered confectionery.