News

Businesses in Scotland were seeing some glimmers of hope in the second quarter 2022, according to the latest Addleshaw Goddard Scottish Business Monitor report, but while overall sentiment remains positive its level has fallen amid challenging conditions. The report, which surveyed 400 firms in July

Scotland’s onshore GDP increased by 0.6% in May, after the fall of 0.5% in April, according to statistics announced today by Scotland's Chief Statistician.

In the first quarter of this year, corporate insolvency numbers (liquidations and receiverships) in Scotland rose by 49.1%, compared with the same period in 2021. According to new figures published by the Accountant in Bankruptcy (AiB) - Scotland's Insolvency Service - the number of corporate insolv

ScottishPower has announced its biggest ever recruitment drive, with at least 1,000 new jobs to be filled in the next 12 months.

The Financial Reporting Council (FRC) has reported a record £46.5 million in financial sanctions issued in the last year. The FRC published its fourth Annual Enforcement Review which reports a record number of cases resolved in the last year and record financial sanctions of £46.5m were

A businessman and high-profile football sponsor has claimed that he ran up a £20k electricity bill in order to prove his wealth following claims he had run out of money. Hugh Clarke took over the Sizzlers fish and chip shop in Airdrie in May 2020 but shut it down less than three mont

Wealth management and professional services group, Evelyn Partners, has announced that Callan Anderson, the founder and owner of boutique financial planning business Equilibrium Financial Consultancy, will be joining its Glasgow office. Mr Anderson, who has run Glasgow-based Equilibrium for the past

The Competition and Markets Authority (CMA) has ordered Monzo to comply with banking rules. This latest action by the CMA comes after Monzo breached the Retail Banking Market Investigation Order between May 2021 and March 2022.

Lloyds group has reported a pre-tax profit of £3.7 billion for the first half of 2022, a result that beat expectations.

Grant Thornton UK’s Corporate Finance team in Scotland has advised international buyers on two acquisitions of leisure-related businesses, amid strong interest in the sector as it recovers from the pandemic.

With inflation having reached 9.4% in June, new insights have found that almost one in five (18%) Scottish adults report their total household wealth has decreased over the past year. St. James’s Place's (SJP) financial health research report reveals the devastating impact recent months have h

More than one in ten people in the UK (12.1%) have fallen victim to payments fraud in the last four years, according to new research by global payments company ACI Worldwide. The report shows that online fraud and digital wallet hacks now account for nearly 20% (19.8%) of U.K. fraud cases, while the

Accountancy firm RSM UK has said that the UK Government's lack of clarity on employment status will lead to continuing confusion over tax and workers rights. Yesterday, the government published its paper, Employment status and employment rights guidance, which contains guidance on employment status

Aberdeen Cyrenians, a local charity that cares for and supports vulnerable people in the North East, has today announced that it has been successful in its bid to become a charity partner for accountancy firm Deloitte. Having been selected by Deloitte’s people based out of the firm’s Abe

New data from financial mutual Scottish Friendly has revealed that investment activity in Scotland fell to its lowest level in nearly three years during the second quarter of 2022. The Scottish Friendly Investor Index tracks sales of adult investment ISA policies and the total value of these new pol