News

Profit warnings issued by UK-listed companies with a defined benefit (DB) pension scheme increased by 38% year-on-year in the third quarter of 2022. EY-Parthenon’s latest Profit Warnings analysis finds that the number of profit warnings issued by UK-listed firms with a DB scheme rose from 13 i

West Lothian has the highest rate of successful Start Up Loans applications per adult in Scotland, laying its claim to being the country’s most entrepreneurial local authority area, according to new analysis by the British Business Bank. Released to mark the beginning of Business Finance Week,

Executive pay levels at FTSE 100 companies have largely returned to pre-pandemic levels, PwC analysis following the end of the 2022 AGM season shows.

Dundee-based sustainable cleaning product manufacturer and supplier, Ecoanolytes, trading as Dew, has secured six-figure investment, supported by Thorntons’ specialist high growth team. The funding, worth £400,000, will enable the business to progress its ambitious growth plans following

Scottish mid-tier accountancy & business advisory firm French Duncan has appointed Colin Brown as tax director. Mr Brown joins a 22 strong tax team at French Duncan, and will advise clients in the UK and overseas on a range of private tax matters. He brings over 25 years’ experience and hi

Chad Griffin and Tom MacLennan, joint administrators and partners with FRP Advisory, have instructed Savills to bring the well-known Category B Listed Edinburgh Filmhouse building to the market. The Edinburgh International Film Festival, the Filmhouse and Aberdeen’s Belmont cinema were closed

Savills has sold The Dunstane Houses, a luxury 5-star boutique hotel in Edinburgh, on behalf of a private owner operator to Roseate Hotels for an undisclosed price. The property was marketed at a guide price of £7.5 million.

Malcolm Bell, Nichola Brown, Jennifer Henderson and Ruth MacLeod have been appointed as members of the Accounts Commission. The new members were confirmed by Ben Macpherson MSP, minister for social security and local government.

A UK subsidiary of the mining company Glencore has been told to pay more than £280 million after it bribed officials in African countries in order to access oil. The company paid $26m (£23m) through agents to officials of crude oil firms in Nigeria, Cameroon and Ivory Coast between 2011

A judge has ruled that an independent monitor should be appointed to oversee the Trump Organization's finances to "ensure there is no further fraud or illegality" pending the outcome of a $250 million (£223m) lawsuit. New York's attorney general, Letitia James, last year launched a lawsuit aga

A woman who claimed to have suffered from whiplash has been given a suspended jail term after she posted pictures of herself climbing Sydney Harbour Bridge. Lois Cartridge has also been given a £20,000 bill for lawyers’ fees after a judge in the English High Court ruled that she was in c

Homes are selling quickly and a high level of home report valuations are being achieved, the latest data from ESPC shows. In August-October 2022, sales volumes across Edinburgh, the Lothians, Fife and the Borders reduced by 4.3% annually, while new property listings were up 0.5%.

Scotland's hoteliers face challenging conditions as recovery looks set to stall following stronger than expected demand for rooms in 2022, PwC has warned.

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.