News

Scottish mid-tier accountancy & business advisory firm French Duncan has appointed Colin Brown as tax director. Mr Brown joins a 22 strong tax team at French Duncan, and will advise clients in the UK and overseas on a range of private tax matters. He brings over 25 years’ experience and hi

Chad Griffin and Tom MacLennan, joint administrators and partners with FRP Advisory, have instructed Savills to bring the well-known Category B Listed Edinburgh Filmhouse building to the market. The Edinburgh International Film Festival, the Filmhouse and Aberdeen’s Belmont cinema were closed

Savills has sold The Dunstane Houses, a luxury 5-star boutique hotel in Edinburgh, on behalf of a private owner operator to Roseate Hotels for an undisclosed price. The property was marketed at a guide price of £7.5 million.

Malcolm Bell, Nichola Brown, Jennifer Henderson and Ruth MacLeod have been appointed as members of the Accounts Commission. The new members were confirmed by Ben Macpherson MSP, minister for social security and local government.

A UK subsidiary of the mining company Glencore has been told to pay more than £280 million after it bribed officials in African countries in order to access oil. The company paid $26m (£23m) through agents to officials of crude oil firms in Nigeria, Cameroon and Ivory Coast between 2011

A judge has ruled that an independent monitor should be appointed to oversee the Trump Organization's finances to "ensure there is no further fraud or illegality" pending the outcome of a $250 million (£223m) lawsuit. New York's attorney general, Letitia James, last year launched a lawsuit aga

A woman who claimed to have suffered from whiplash has been given a suspended jail term after she posted pictures of herself climbing Sydney Harbour Bridge. Lois Cartridge has also been given a £20,000 bill for lawyers’ fees after a judge in the English High Court ruled that she was in c

Homes are selling quickly and a high level of home report valuations are being achieved, the latest data from ESPC shows. In August-October 2022, sales volumes across Edinburgh, the Lothians, Fife and the Borders reduced by 4.3% annually, while new property listings were up 0.5%.

Scotland's hoteliers face challenging conditions as recovery looks set to stall following stronger than expected demand for rooms in 2022, PwC has warned.

Clarkston-based Clark Andrews, a chartered accountancy firm founded in 2005 by Robert Andrews and Karen Clark, has joined the Martin Aitken Group. All of the Clark Andrews staff will remain based in the Clarkston office and will continue to operate under the Clark Andrews name.

A Scottish R&D tax expert has warned that cashflow issues caused by lengthy processing delays might prove terminal for dozens of SMEs with genuine tax credit claims. Processing times for all new claims have slowed down since HMRC began investigating fraudulent use of the tax relief scheme.

Scotland's malicious prosecution scandal has cost taxpayers just over £50 million, the Crown Office has said. The scandal revolves around the botched police investigation into the takeover of Rangers in 2011, when Sir David Murray sold the club for £1 to Craig Whyte.

An Australian mining company boss has pleaded to 20 of his staff to return to work after they won a portion of a $160 million (£90m) lottery jackpot. The group of 20 employees won a third of the jackpot, splitting it with two other winners. Their $53m (£29.8m) win came out to $2.6m (&pou

Morrisons has announced plans to close 132 of McColl’s convenience stores that the supermarket recently acquired. Some 1,300 staff will be affected but they could be offered jobs elsewhere by the chain.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to raise the base interest rate to 3%, a 0.75pp increase from 2.25%. This BoE interest rate hike follows the US Federal Reserve's decision to hike the US base rate by 0.75pp yesterday.