News

Commenting on what was perhaps the most highly anticipated Autumn Budget announcement in recent history, ICAS (the Institute of Chartered Accountants of Scotland) has said that the budget picks the pockets of UK businesses.  Bruce Cartwright CA, ICAS CEO, said: "The government’s mani

The Scotch Whisky Association (SWA) has criticised the Chancellor’s decision to further increase duty on Scotch Whisky has broken the Prime Minister’s commitment to "back Scotch producers to the hilt". In her first Budget, Chancellor Rachel Reeves announced an retail price index (RPI) in

Chancellor Rachel Reeves has confirmed a rise in capital gains tax (CGT) and employers' national insurance contributions (NIC) in today's Autumn Budget statement.

Mortgage approvals have reached a two-year high in September, with 65,600 loans approved, according to the Bank of England.

Rangers Football Club has posted a £17.2 million loss, for the year ended 30 June 2024, despite record revenues of £88.3m. The club attributes the loss to a lack of significant player sales and increased operating expenses.

Wbg has acquired the Scottish personal insolvency book of accountants and business advisors Azets for an undisclosed sum. Comprising Trust Deeds, Debt Arrangement Schemes and sequestrations for hundreds of individual cases with a significant book value, the deal highlights Wbg’s ability to sca

Optimum Underfloor Heating Ltd has moved to employee ownership via an Employee Ownership Trust (EOT).

Scotland's GDP fell by 0.3% in August, following growth of 0.5% in July (revised from 0.3%). This represents a concerning slowdown in the Scottish economy, particularly as the UK as a whole saw growth of 0.2% in August.

Foodservice provider Sysco GB has acquired Scottish meat and fish supplier Campbell's Prime Meat.

Scottish piling and drilling specialist Albion Drilling has been acquired by the UK's largest ground engineering contractor Van Elle in a deal worth up to 3.5 million.

MFMac has been reappointed by the Ministry of Defence (MoD) to provide legal services in Scotland. Having acted for it for over 22 years, the firm has built a strong relationship with the MoD in Scotland and has been directly awarded this exclusive contract to continue to provide legal services over

Northern Accountants has acquired Dunfermline-based Empowered By Cloud, accountancy expert for the trades and construction industry, for an undisclosed six-figure sum. This strategic move adds 50 new clients and boosts Leeds-headquartered Northern Accountants' staff to 45, with a total client base o

Holyrood Distillery has inked an exclusive deal to begin exporting its products to the USA for the first time.

Aberdeen-headquartered construction industry consultancy McLeod + Aitken has undergone a management buyout (MBO), in a deal worth over £10 million. Existing directors Graeme Beaton, Mark Hirst, Alistair Seel and Grant Jamieson have assumed control from Duncan Moir, Mike Shirreffs and Matt

A Russian court has slapped Google with a fine of around $20 decillion (c. £15.44 decillion) – thousands of times more than the entire world's GDP. The preposterous penalty arises from a years-long court case brought by Russian TV channels which have been banned from YouTube since 2020,