News

The Insolvency Service (IS) has ceased its pursuit of five former Carillion non-executive directors dropping the case last week just hours before a High Court test case was set to begin.

While welcoming the UK government’s plans to launch more stringent initiatives to curtail the persistent problem of late payments to SMEs as a step in the right direction, Wylie & Bisset, accountants and business advisers, noted that the initiatives apply only to larger businesses with a t

In light of heightened interest rates, Deloitte's Q3 CFO survey has revealed a significant strategic shift among finance leaders of the UK’s largest businesses, including those based in Scotland.

Johnston Carmichael, the Association of Chartered Certified Accountants (ACCA), and Aberdeenshire Council’s Foundation Apprenticeship Team, have collaborated to launch a new qualification in accountancy. This new Foundation Apprenticeship (FA) course in accountancy, already embraced by 36

France is to fine shops that leave their lights on too long as it cracks down on energy waste. Agnès Pannier-Runacher, the energy transition minister, said that firms that break rules on when they can have their lights on will face fines of €1,500 (£1,294).

Despite prevailing economic challenges, the UK is poised to evade a recession, although growth is anticipated to be slow through 2023 and 2024, the EY ITEM Club's Autumn Forecast has revealed. Following a better-than-expected start to the year, GDP growth expectations for 2023 have been upgraded sli

Scottish luxury garment manufacturer firm, Alexander Manufacturing, the production arm of Hancock 1843, has appointed Kyrk Macmillan, former CEO of Copenhagen's fashion brand Wood Wood, as its new commercial director. Mr Macmillan, formerly the CEO of the renowned Copenhagen-based brand Wood Wood, b

An office building in East Kilbride, close to Glasgow, has been snapped up for £4.3 million, following intense bidding. The property, Orbital House, is situated in Peel Park business park, the largest town in Scotland, and was purchased by an investment entity backed by HKIP. The acquisition w

Chartered accountants firm Robb Ferguson has welcomed a record number of university graduates amid a period of significant growth. The Glasgow-based firm, which has a history dating back to the 1880s, has recruited a total of five new ICAS trainees as it identifies new opportunities and builds on a

Edinburgh-based venture capital firm Par Equity has launched its new venture fund, Par Equity Ventures I LP, with an initial closure of £67 million, aiming for a full fund size of £100m This new venture fund is poised to stimulate the tech sector in Scotland and the North of the UK, part

GAP Group is to invest £15 million in building a fridge recycling plant at the Binn Eco Park in Glenfarg, near Perth. The company, which already operates a similar plant in Gateshead, said the facility will be one of the most technologically advanced fridge recycling and processing facilities

The Financial Conduct Authority (FCA) has fined Equifax Ltd more than £11 million for failing to manage and monitor the security of UK consumer data it had outsourced to its parent company based in the US.

“Rigorous” rules are required to prevent the exploitation of Employee-Ownership Trust (EOT) tax benefits, says the Chartered Institute of Taxation (CIOT). EOTs, along with EBTs (Employee Benefit Trusts), are government initiatives which allow business owners the opportunity to sell their

The Hunter Foundation (THF) and the Scottish National Investment Bank (SNIB) have started accepting applications for their ScaleupScotland2.0 programme.

Independent chartered financial planning firm AAB Wealth has been awarded the 'Chartered Financial Planning Firm of the Year' award at the Personal Finance Society Awards 2023/24. Head of AAB Wealth, Andrew Dines, chartered financial planner, Ian Campbell, and head of operations and compliance, Vikk