News

Adele MacLeod, Gavin Park and Robert Harding of Teneo Financial Advisory Limited were appointed joint administrators of M&Co Trading Limited on 9 December 2022. This is the second time the business has entered administration. Scottish Financial News reported on M&Co's first adminis

EY has announced there will be no holiday bonuses this year for its US staff.

Plant hire firm Morris Leslie has posted record pre-tax profits of £12.7 million, in its latest accounts made up to 30 April 2022. The results, the highest in the Perthshire business' 48-year history, have been attributed to a post-Covid resurgence in the construction industry along with a maj

AAB, the tech-enabled business critical services group, has appointed Alan Campbell as a new corporate tax partner based in the firm's Edinburgh office. Mr Campbell joins the firm with more than 20 years’ experience providing specialist tax advice to businesses of all sizes including entrepren

Two Edinburgh-based dental practices - one NHS and one private - have been acquired as part of ambitious plans to modernise and expand their treatment offerings, thanks to support from Bank of Scotland. The businesses will offer implants, adult orthodontics and facial aesthetics with the goal of bec

John Gerard McGarvey, 37, from Rutherglen, has been disqualified as a director for 11 years after claiming two separate Bounce Back Loans totalling £100,000, and then using the money for personal benefit.

A family of four were charged more than £80,000 in error after EDF sent a £1 million electricity bill. Richard Baron from Kent thought the bill was "quite amusing" at first until the energy provider proceeded with the first direct debit payment, leaving the family more than £7

Santander UK Plc (Santander) has been fined £107,793,300 after the Financial Conduct Authority (FCA) found serious and persistent gaps in its anti-money laundering (AML) controls, affecting its business banking customers. According to the FCA report, between 31 December 2012 and 18 Octobe

HMRC has missed an estimated 99,000 calls when its phone lines went down during an outage last week. Callers were unable to reach HMRC for a period of four days from the afternoon of Thursday December 1 until Monday December 5. The department also had to shut some online services during this time.

Full planning permission has been granted for a new £12 million whisky and gin distillery and visitor centre on the Isle of Barra.

The Scotch Whisky Action Fund (SWAF) has announced nine projects that it will be supporting with more than £115,000 in funding over the coming year. The investment is part of the industry’s ongoing commitment to promoting responsible consumption and tackle harmful drinking.

The UK’s largest listed companies generated £81.5 billion in tax during the 2021/22 financial year despite lockdowns and ongoing social distancing measures throughout much of 2021, according to a new study. The 18th annual Total Tax Contribution of the 100 Group, produced by PwC, estimat

An agreement has been reached with tax authorities to settle with the old Rangers operating company for almost £40 million less than the original claimed by HMRC. Acting liquidators of Rangers 2012, BDO, said the settlement terms were accepted by both sides in their latest update to creditors.

The majority of UK equity capital markets leaders (72%) expect to see the UK IPO market make a broad return in the second half of 2023, according to a new survey from KPMG UK. Almost one in three expect to see some bursts of early IPO activity in the first half of 2023, with these views being shared

BSW Timber Ltd, UK integrated timber and forestry business, and a member of Binderholz, has acquired Scott Group, a supplier of timber pallets and bespoke timber packaging solutions. Based near Dunfermline, with an annual turnover in excess of £250 million and 1,300 employees, Scott Group is a