News

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank (TSB) a total of £48,650,000 for operational risk management and governance failures, including management of outsourcing risks, relating to the bank’s IT upgrade programme. Technical

Lloyds Bank has appointed Jamie Kemp to the role of invoice finance area director for Scotland and the North East, as it strengthens its support for businesses across the region. Mr Kemp has over 11 years of experience in the finance sector, with experiencing spanning across retail, private and comm

Tax revenues in the UK soared by £85.1 billion over the last financial year, according to new figures published by the Organisation for Economic Co-operation and Development (OECD).

Socio-economic background has the strongest effect on an individual’s accountancy career progression, compared to any other diversity characteristic, according to new research published by KPMG UK.

The luxury Gleneagles Hotel in Auchterarder has rebounded after two years of multi-million-pound losses posting a £50 million rise in sales.

With reports of all organisations facing an increasingly sophisticated range of cybersecurity threats, Wylie & Bisset, Accountants and Business Advisers, has advised SMEs that well-trained staff are the first line of defence against cyber-attacks. Kevin McDermott, senior IT auditor at Wylie &

The Artisanal Spirits Company, curators of single-cask and limited-edition whisky, and owner of The Scotch Malt Whisky Society (SMWS), has extended its agreement with RBS to increase its existing revolving credit facility to £21.5 million (previously £18.5m).

The freeze to UK alcohol duty rates has been extended by six months to 1 August 2023, the UK Government announced yesterday.

Loganair has added a new flight from Aberdeen to Newcastle to its 2023 schedule, as the airline unveiled its biggest-ever programme of flights for Newcastle Airport next summer.

Irn-Bru producer AG Barr has announced that it has acquired the remaining 38.2% equity stake in MOMA Foods Limited, the London-based oats producer, from founder Tom Mercer, and the other minority shareholders, for a total cash consideration of £3.4 million.

WB Alloy, a Glasgow-headquartered welding and cutting specialist, has expanded its operations through acquiring a 50% interest in TVC, an English data and welding inspection business, after receiving financing worth £4.8 million from Barclays.

Developer and operator of environmental technology solutions, SEM has claimed the top prize of $100,000 after their entry won the Artisanal Mining Grand Challenge: The Amazon. The Aberdeen-headquartered firm was awarded a share of a $300,000 prize fund for this international competition, alongside t

Expert analysis has shown the UK economy will shrink by 1.3% in 2023, amidst a relatively shallow but protracted recession, and will be followed by a partial recovery in 2024, which could see GDP rise by 0.2%. According to KPMG’s latest UK Economic Outlook, elevated inflation and rising intere

Aberdeen-based Dron & Dickson, specialists in integrated supply, installation, and maintenance of harsh and hazardous area electrical equipment, has acquired Inverurie firm Cable Solutions Worldwide Limited in a seven-figure deal.  The acquisition will enable Dron & Dickson to offer an

Graeme Carling, has said he personally lost some £2.2 million and left "no stone unturned" in his attempts to save the business. McGill, lately registered as McGill Facilities Management Ltd, officially entered administration on August 25th for the second time in less than four