News

Scottish shopper footfall dropped by 22.8% in December (Yo2Y), a 3.0 percentage point decrease from November, according to the latest Scottish Retail Consortium (SRC) and Sensormatic IQ Footfall Monitor.

Andrea Coscelli, the chief executive of the Competitions and Markets Authority (CMA), has confirmed he will step down from the role at the end of his current term in July 2022. Dr Coscelli joined the CMA as an Executive Director when it was created in 2013 and he has held the position of Chief Execu

Five inspiring women in business have collaborated in a “Vanity Fair” style photoshoot, conceived by two of Scotland’s most popular portrait photographers. Taking place at the A-listed Bannockburn House in Stirlingshire, the five entrepreneurs were invited by David Ho and Sandie Kn

India's tax authority has seized £26 million in banknotes, 23 kilograms of gold and 250 kilograms of silver from the country's biggest-ever tax evader. Businessman Piyush Jain was arrested after officials raided his home, described by local media as a "warehouse of money" with cash "spilling o

Wealth manager James Hambro and Partners (JH&P) has appointed Chris Hardie as a financial planning specialist in its Edinburgh office. Hardie has worked in financial planning for ten years and is a Chartered Financial Planner. He holds the Advanced Diploma in Financial Planning and is a Fellow o

HMRC is urging businesses to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year. Making Tax Digital is designed to help businesses eliminate common errors and save time managing their tax affairs

The Scottish National Investment Bank (SNIB) has committed £20 million of cornerstone funding to Lothian Broadband Group (LBG) to help tackle digital inequality in rural communities and small towns in Scotland. The bank’s funding commitment is in addition to £5m of new investment f

Richard Dunbar, head of multi-asset research at abrdn, discusses the outlook for 2022. Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headline

The Financial Conduct Authority (FCA) is working to become a more innovative, adaptive and assertive regulator in 2022. The regulator said that this approach will enable the FCA to meet the challenges of the increasingly data-driven financial services sector in the UK, the shift to a net-zero econom

Simon Poole, the co-founder and managing director of North Berwick based Jerba Campervans, is a double winner at the IoD Awards. After being praised for his leadership on customer service and championing high levels of employee wellbeing, Simon Poole was awarded Director of the Year for Small-Medium

A record low number of UK companies are set to have gone into administration in 2021, according to the latest figures published by Interpath Advisory. Despite the impact of the COVID-19 pandemic, the firm revealed that 618 firms fell into administration in 2021, which in 2020, the final full-year co

The Financial Reporting Council (FRC) has fined Mazars £314,000 for failing to comply with the Regulatory Framework for Auditing in its audit of a local government authority’s 2019 financial statements. The FRC's Enforcement Committee found failures in the reviewed audit, which it consid

An Inverness suburb is gearing up for the opening of £1.5 million of new retail space this month, the property investment development firm behind the project has confirmed. The development in Culduthel, which comprises four units totalling 4,100 sq ft and with 23 parking spaces is expected to

Scottish housebuilder Miller Homes is being acquired by a fund managed by Apollo from fellow private equity giant Bridgepoint Group.

Airlie Green Low Energy Homes Ltd, an eco-housing developer based in Perth, has secured a £1.16 million development loan from specialist lender Assetz Capital.