News

Abrdn has reached an agreement to divest its European private equity division in a deal valued at approximately £100 million. The acquiring party is Patria Investments, a firm with a presence on the Nasdaq stock exchange. The transaction involves private equity assets under management (AUM) to

People who use their own cars for business trips are being left out of pocket by “severely outdated” mileage rates, the Association of Taxation Technicians (ATT) has warned. Employees can be reimbursed for business travel tax-free - provided that their employer uses HMRC approved rates.

August has witnessed a sustained surge in wages, one of the fastest since records began in 2001, according to the Office for National Statistics (ONS), sparking concerns over persistent inflation contrary to the Bank of England's expectations.

The Association of Chartered Certified Accountants (ACCA) has expressed concerns regarding the preparedness of UK local authorities to embrace the International Financial Reporting Standard (IFRS) 16, which pertains to lease accounting. Responding to a consultation on the update to the Code of Pract

Scotland's sole gold mining company Scotgold Resources has updated shareholders saying it is currently in advanced talks with a prospective new investor, following the withdrawal of a previous party earlier this month.

Integrated Graphene, the company behind Gii, a three-dimensional, carbon-based nanomaterial, has appointed Jean-Christophe Granier as its chief executive officer. Mr Granier, an experienced leader with a proven track record in advanced material manufacturing, joins Integrated Graphene from J&D W

The number of properties advertised for sale is up nearly 50% in parts of Scotland over the last year according to DJ Alexander Ltd. The property firm found that the number of properties advertised for sale in the period between October 2022 and October 2023 has increased by 47% in Edinburgh; is up

An X-Wing starfighter model from the original Star Wars film which has been missing for decades and was then found in a garage, has sold at auction for more then £2.5 million.

Scottish biotech firm Beta Bugs Limited, specialising in insect genetics, has garnered a £1.72 million investment to bolster its production and supply of Black Soldier Fly eggs and larvae to the insect farming sector, as a sustainable alternative to current sources of protein for animal feed.

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