News

Liam Mccreadie, 26, a call centre boss from Aberdeen, has been disqualified as a director for 4 years after failing to pay more than £1.1 million in taxes and not submitting tax returns for his two companies.

The start of EY's vote to split the company has been postponed as the firm's 'global framework agreement' has not been finalised yet. Voting on the proposed separation of the audit and consulting businesses, which was approved in September, was set to start this month with balloting of the big four

Lake District officials have ordered a housing developer to replace the foots of five newly built homes with locally quarried materials after the housebuilder used Welsh slate. Builders are required to use Cumbrian slate in most areas of the Lakes, but the rule is often ignored as second-hand materi

KPMG has settled a claim with Watchstone Group, formerly known as Quindell, for £4.95 million. Watchstone group announced the settlement yesterday in a regulatory filing. KPMG has not commented further than confirming a settlement has been reached with Watchstone Group.

Knight Frank has sold Edinburgh’s only Wickes store for over the asking price in a £6 million deal. The prominent 21,935 sq. ft. property on Stevenson Road is let to building supplies provider Wickes on a long-term lease and had been marketed for just over £5.6m. The higher £

The Association of British Insurers (ABI) is urging the Chancellor to freeze the rate of Insurance Premium Tax (IPT) in the Autumn Statement on 17th November. As hard-pressed families, businesses and charities battle the rising cost of living, a hike in IPT could lead to people cutting back on insur

Business in the Community (BITC), The Prince’s Responsible Business Network, is to continue as a delivery partner for Barclays LifeSkills in Scotland, Northern Ireland and Wales for a further three years. Since 2013, the Barclays LifeSkills programme has been helping young people to build the

The Scottish Government must invest in Scotland’s colleges in next month’s Budget or Scotland will miss the opportunity to create the skilled workforce required to maintain key services today and service the green industries of the future, according to Colleges Scotland. In its fund

Glasgow-based hotel owner and developer, Molo Hotel Group, has this week completed the acquisition of the Hotel Alexandra, Rome. The Hotel Alexandra is Molo’s first acquisition in Continental Europe, following last years’ purchase of the Manchebo Beach Resort and Spa in Aruba adding to t

A total of 45% of Scotland's wealth is held by 10% of households, whilst a tenth of households have no, or negative wealth, according to a new report from the Fraser of Allander Institute (FAI). The report, carried out by the institute, which is part of the University of Strathclyde, explores trends

Edinburgh-based mobile car care startup Fresh Car has secured a £500,000 investment led by Foresight Group. The firm has doubled headcount since the beginning of the year, while expanding across the UK and Ireland, and launching a ‘SMART repair’ business in Edinburgh ahead of a pla

Prime Minister Rishi Sunak has announced a £4.2 billion contract to build five new Royal Navy frigates on the Clyde and support 1,700 jobs in Govan and Scotstoun. Delivering on ambitions laid out in the National Shipbuilding Strategy Refresh earlier this year, the contract awarded to BAE Syste

Analysts from the Resolution Foundation (RF) have shown that the mini-budget put forward under Liz Truss cost the country an estimated £30 billion. It resulted in a doubling of the fiscal hole the Treasury has said Jeremy Hunt will have to fill with this week's expected range of tax rises and

The latest administrator's report for Debenhams reveals that FRP Advisory have received fees of over £7.2 million since the collapse of the retailer in 2020. April 2020 was the second time the department store chain filed for insolvency. This was soon after the pandemic lockdowns accelerated t

New research has revealed the University of Dundee generates some £975 million in economic value for Scotland.