News

Fund manager abrdn has posted a £320 million pre-tax loss in its 2022 interim results, down from a £113m profit for the same period last year. The loss is attributed to global economic instability with fee based revenue falling 8% to £696m and adjusted operating profit 28% low

A Scottish designer and manufacturer of musical accessories has closed a £250,000 funding deal with Reward Finance Group to develop two new products. Edinburgh-based Noisy Clan was established in 2019 by David Law, an experienced product designer who has spent much of his career running b

The keynote speakers for this year's Engage Invest Exploit (EIE22) have been announced. The lineup consists of Scotland and the UK's top tech luminaries - Scotland’s chief entrepreneur Mark Logan, Women in Enterprise Review chair Ana Stewart, and newly appointed techUK president Sheila Flavell

Aberdeen-headquartered PD&MS Group has secured a three-year operations and maintenance (O&M) contract with Vattenfall to support its European offshore wind portfolio for an undisclosed sum. The contract, which also has options to extend for a further two-year period, will see the engineering

A union has been ordered to pay over $13 million (£10.7m) in compensation to Warrior Met, an employer of its members who have been on strike for more than a year. The union group, United Mine Workers of America, comprising of roughly 1,100 members was ordered to pay the sum by a federal oversi

Open document and data platform specialist Legado has acquired the consumer and B2B bill management technology from WonderBill. Launched in 2016 and backed by Shell Ventures, WonderBill allowed consumers to manage all their household bills and subscriptions.

The Financial Reporting Council (FRC) has released the 20th edition of its annual Key Facts and Trends (KFAT) report. This year's KFAT shows that membership of the accountancy bodies continues to grow, with nearly 390,000 members in the UK and Republic of Ireland and over 590,000 members worldw

The Financial Reporting Council (FRC) has fined PwC £2.5 million and handed out a £60,000 fine to audit partner Richard Hughes. The verdict comes after an investigation revealed failings in PwC's 2017 audit of BT Group Plc after the discovery of £512m fraud.

UK mutual insurer Royal London has announced profits of £109 million for H1 2022 in its interim results. The rise in operating profits before tax is an increase of 36.25% from £80m (H1 2021) and comes after 140,000 new pension policies were taken out by customers in the first half of the

Ahead of this year’s Scottish exam results day, accountancy professional body ACCA Scotland is urging young people to remember there’s no wrong way to start a career in finance and accountancy. The professional body has highlighted the range of starting points to become a qualified accou

Following a £2 million investment a new business aimed at guiding organisations through the carbon-offsetting journey has been launched. The brainchild of Renwick Drysdale, Akre builds on his forestry heritage and is an evolution of the woodland creation consultancy, Kilrie Trees.

KPMG has resumed bidding for large government contracts after having taken itself out of the running amid a series of accountancy scandals. In December last year, Scottish Financial News reported that the Big Four firm pulled out of bidding for public contracts after the Cabinet Office threatened to

Asset and wealth management firm AssetCo, run by Martin Gilbert, has completed the acquisition of Edinburgh-based investment service Revera Asset Management, for a reduced price. AssetCo has purchased the firm for an effective total consideration of £2.8 million to be satisfied by the issue of

Young people awaiting their exam results tomorrow have been reminded of the value of their qualifications and the many different career pathways and opportunities ahead in an open letter from Scottish business leaders. Students have faced a number of challenges over the last few years, with covid-19

Business activity across the Scottish private sector increased at only a fractional pace during July, according to the latest Royal Bank of Scotland PMI data. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector outp