News

As Scottish Financial News publishes the last edition of 2022 today, we round up what has caught the attention of our readers over the last 12 months.

Highlands and Islands Enterprise (HIE) has approved more than £1.9 million in investments across Argyll and the Islands in the first half of the 2022 financial year. Between 1 April and 30 September, Arran Aromatics was awarded up to £80,226 for the development of a new filling line. Mor

Edinburgh-headquartered investment firm abrdn is searching for a new CFO after it revealed that incumbent Stephanie Bruce will leave the company. Ms Bruce has been CFO at abrdn since June 2019. She joined from big four accountancy firm PwC, where she was a partner.

The Association of Chartered Certified Accountants (ACCA), has highlighted the unprecedented scale and pace of employment flux in its response to the Scottish Government’s review of skills. In a wide-ranging response discussing the progress of the country’s skills landscape for accountan

Global people development group Insights has reported a post-pandemic financial bounce back with turnover reaching £66.5 million, a 55% year-on-year increase. Figures lodged at Companies House show the previous year's turnover during the pandemic at £42.9M. This financial acceleration is

Brian Milne and David McGinness of accountants and business advisers, French Duncan, have been appointed joint provisional liquidators of Atterley.com Retail Ltd. The Edinburgh-based business, which was founded in 2012, has closed with immediate effect resulting in the loss of 22 jobs.

The case of two fans of actress Ana de Armas who are suing a film studio for removing her from the film Yesterday has reached the next stage. Conor Woulfe and Peter Michael Rosza accused Universal Studios of false representation and fraud at the beginning of this year after they paid $3.99 to rent t

A business consulting director has been given an eight-year ban after he failed to keep accounts and was unable to account for company’s finances, including income of more than £63,800 and assets of more than £137,000. Steven David Hutton, 47, from Glasgow, was the sole director of

The creator of Fortnite, Epic Games, has been given two record-breaking fines totalling $520 million (£431.5m) by the Federal Trade Commission (FTC).

Scotland’s GDP is estimated to have fallen by 0.1% in Q3 compared to the previous quarter, and increased 0.4% month-on-month in October, according to statistics announced by the chief statistician.

Three former solicitors are among five men convicted of money laundering, The Times reports. Former lawyers Iain Robertson, 69, David Lyons, 71 and Alistair Blackwood, 68, were convicted alongside Mohammed Aziz, 61, and Robert Ferguson, 67, following a trial at the High Court in Glasgow.

The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former CTO of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform co-founded by Samuel

Deloitte and audit engagement partner Simon Manning have been fined nearly £1 million for failings regarding the statutory audits of SIG plc's 2015 and 2016 financial statements. The Financial Reporting Council (FRC) has issued a final settlement decision notice under the audit enforcemen

Glasgow-headquartered Wholesale Domestic has consolidated its business resources after securing a £4.2 million loan from Barclays and is set for investment and growth in 2023 alongside the firm's 60th anniversary. The third-generation family business is a bathroom retailer and in addition