News

The Insolvency Services has been using new powers to tackle fraudulent use of Covid loans. Several directors have been banned in the last month after investigations showing misuse of Covid loan money.

Scottish Enterprise has launched a free online 'Net Zero Accelerator' tool to support more businesses to develop net zero plans and further the economic development agency’s commitment to embedding sustainability across its work. The new tool helps businesses by making recommendations across f

Scottish crisp brand Mackie's is set to go its own way – after the successful completion of a share buy-out. The operation, Mackie’s at Taypack, is a joint venture between the Taylor family and leading ice cream producer Mackie’s of Scotland was launched in 2009, to create premium

Puresport has launched a £1 million crowdfunding campaign as it targets expansion in retail and overseas markets. The Scottish wellness brand, founded in 2018 by rugby player Grayson Hart, has passed £3.5m in online sales this year. Puresport's business focuses on brain function-boosting

Wylie & Bisset has broadened its charity expertise with two of its audit managers having been awarded a prestigious Diploma in Charity Accounting (DChA) by the Institute of Chartered Accountants in England and Wales. The DChA is only awarded to those individuals who can demonstrate a high level

KPMG has been fined £20 million by the Financial Reporting Council (FRC) for its audits of Carillion and Regenersis. The £20m fine, which is the largest the big four firm has received in the UK, is part of sanctions for misconduct of audits carried out by KPMG for Carrilion and Regenersi

The Competition and Markets Authority (CMA) has taken action against Royal Bank of Scotland-owner NatWest for breaking parts 2 and 10 of the Retail Banking Order 2017. The CMA wrote a letter to the banking giant, which has agreed to take action to put things in order for customers.

In a report launched today by accountancy and business advisory firm BDO, figures show more than £1.5 billion of capital has been deployed into UK Circular Economy businesses over the past four years. This figure accounts for a total of 296 investments across equity and debt.

Mounting overheads, skills shortages and concerns about the economy punctured Scottish business confidence over the last three months according to new research conducted by the Federation of Small Businesses (FSB)

EY CEO, Carmine Di Sibio, has said that the his firm stands to gain $10 billion (£8.37bn) in additional fees by separating it's auditing and consulting divisions. EY is the first of the big four firms to move towards breaking up of its different business services. The leaders of the big f

£70 million in fines for Pfizer and Flynn have been announced by the Competition and Markets Authority (CMA). The fines are the result of an in-depth investigation carried out by the CMA, which found that Pfizer and Flynn charged unfairly high prices for phenytoin sodium capsules for over 4 ye

The Financial Reporting Council (FRC) has published its annual report and accounts outlining the progress made over 2021/22 towards transitioning to the new independent regulator, the Audit, Reporting and Governance Authority (ARGA). The report sets out the achievements over the past year, incl

A category-B listed meal mill, which once played an important role in supporting the local agricultural industry around Peterculter on the outskirts of Aberdeen, has undergone a new lease of life after its conversion to a contemporary four-bedroom home. Last operational more than half a century ago,

A woman who failed to declare a half-eaten Subway sandwich at customs has been fined more than £1,500. Jessica Lee, 19, forgot about the chicken and lettuce sandwich she bought in Singapore as she travelled back to Australia.

A total of 24 projects from across the country have been awarded funding of £110,000 to promote and showcase quality regional produce.