News

Santander UK Plc (Santander) has been fined £107,793,300 after the Financial Conduct Authority (FCA) found serious and persistent gaps in its anti-money laundering (AML) controls, affecting its business banking customers. According to the FCA report, between 31 December 2012 and 18 Octobe

HMRC has missed an estimated 99,000 calls when its phone lines went down during an outage last week. Callers were unable to reach HMRC for a period of four days from the afternoon of Thursday December 1 until Monday December 5. The department also had to shut some online services during this time.

Full planning permission has been granted for a new £12 million whisky and gin distillery and visitor centre on the Isle of Barra.

The Scotch Whisky Action Fund (SWAF) has announced nine projects that it will be supporting with more than £115,000 in funding over the coming year. The investment is part of the industry’s ongoing commitment to promoting responsible consumption and tackle harmful drinking.

The UK’s largest listed companies generated £81.5 billion in tax during the 2021/22 financial year despite lockdowns and ongoing social distancing measures throughout much of 2021, according to a new study. The 18th annual Total Tax Contribution of the 100 Group, produced by PwC, estimat

An agreement has been reached with tax authorities to settle with the old Rangers operating company for almost £40 million less than the original claimed by HMRC. Acting liquidators of Rangers 2012, BDO, said the settlement terms were accepted by both sides in their latest update to creditors.

The majority of UK equity capital markets leaders (72%) expect to see the UK IPO market make a broad return in the second half of 2023, according to a new survey from KPMG UK. Almost one in three expect to see some bursts of early IPO activity in the first half of 2023, with these views being shared

BSW Timber Ltd, UK integrated timber and forestry business, and a member of Binderholz, has acquired Scott Group, a supplier of timber pallets and bespoke timber packaging solutions. Based near Dunfermline, with an annual turnover in excess of £250 million and 1,300 employees, Scott Group is a

Kiltwalkers have been invited to put their best foot forward for the charities of their choice as registration opens for 2023. The charity event will take place in Glasgow, Aberdeen, Dundee and Edinburgh next year, with each location offering a variety of walks to suit all abilities.

EY global managing partner Andy Baldwin has claimed big four rivals will "at some point" have to follow suit as EY's split moves ahead. EY's UK and US partners are expected to begin voting on the split decision in their respective regions early next year after the proposal was approved by leaders in

A one-year-old puppy has managed to make multiple online purchases in the video game Watch Dogs with its owner’s credit card.

The South of Scotland Destination Alliance (SSDA) has appointed Borders-based David Hope-Jones as chief executive of the organisation. The news comes just weeks after the South of Scotland was selected as one of the Top 30 destinations in the world by Lonely Planet in its Best in Travel 2023 gu

The Financial Conduct Authority (FCA) has set out ways for mortgage firms to help customers worried about or already struggling with mortgage payments.

Scotland’s national economic development agency Scottish Enterprise has been named as one of the key partners supporting AccelerateHER Awards 2023, a programme recognising and celebrating the achievements of the nation’s female-founded businesses. The 2023 awards were launched last month

Murgitroyd, the pan-European intellectual property (IP) protection business, has acquired the UK-based IP business, TLIP Ltd. The move is Murgitroyd’s fourth acquisition inside two years and further strengthens its position as a leading player in the European IP protection sector.