News

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.

Andrew Blain has been re-elected as managing partner of Shepherd and Wedderburn from 1 May 2023. Mr Blain was first elected managing partner in 2019 after joining Shepherd and Wedderburn in 1989 and becoming a partner in 1996. He led the firm's corporate practice from 2009 until 2019.

Spending cuts of £615 million were announced by the Scottish Government in its emergency budget alongside measures help to those most impacted by the cost of living crisis. The Emergency Budget Review (EBR) for 2022-23 identifies funding of around £35m for a range of initiatives to suppo

EasyJet has launched a new seasonal winter route from Glasgow to Belfast City airport.Providing a stronger domestic connection between Northern Ireland and Scotland, the route will have flights operating up to three times a week on Mondays, Thursdays, and Fridays throughout the winter season until 2

Hamilton Mullan Law Accountants has promoted Nicole Morgan to senior law accountant. Ms Morgan joined the firm in January 2018 as a trainee.

Livingston Building Services Limited (LBS), a specialist in mechanical and electrical engineering services, which operated from sites in Livingston and Glasgow, has reported exceptional growth in the last year, tripling its turnover and forecasting continued development into 2023. Turnover for the l

Scottish offshore wind developer, Flotation Energy, has been sold to Tokyo Electric Power Company (TEPCO), one of Japan’s biggest companies. Listed on the Tokyo Stock Exchange, TEPCO is Japan’s largest utility company. Its subsidiary, TEPCO Renewable Power, has a generating capacity of 9

Business sentiment in Scotland has entered negative territory for the first time since the end of 2020 according to the latest Addleshaw Goddard Scottish Business Monitor report, with 70% of businesses expecting growth in the Scottish economy to be weak or very weak over the coming year. The report,

Scotland’s onshore GDP fell by 0.3% in August, after remaining flat (0.0% growth) in July, according to statistics announced yesterday by Scotland's Chief Statistician. In the three months to August, GDP is estimated to have fallen by 0.8% compared to the previous three-month period.

With the Bank of England expected to increase Bank base rate later today, Savills has issued new five-year house price forecasts, predicting that the average UK house price will fall by 10% in 2023 when interest rates peak. However, the firm added that the prime markets will see smaller falls and ou