News

The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.

Earlier this year, Aberdeenshire-based Phil Anderson Financial Services nominated Aberdeen charity Cyrenians for the annual Skipton Building Society Community Giving Award, securing them a £1000 donation.

The principal contractor previously known as Hugh LS McConnell or McConnell Roofing is relaunching the McConnell brand to tie in with its logo and fulfil the company’s position as an all-encompassing contractor within the industry. Following the success of recent principal contractor wins and

Dentons has advised the shareholders of Axle Group Holdings Ltd (National) on the sale of National to Halfords Group plc for circa £62 million. Halfords is the UK's largest retailer of motoring and cycling products and services.

East Renfrewshire-based Ocean Plastic Pots, a business that specialises in sustainable plant pots, made from end-of-life rope and finishing net increased business operations substantially following support from Business Gateway. Founded by former North Sea Saturation diver Ally Mitchell in January 2

The Scottish Government needs to be more transparent about its spending in response to the Covid-19 pandemic, following a year in which its budget grew by a quarter, according to Audit Scotland. A report from the Auditor General for Scotland says that during 2020/21 the government's primary focus wa

Lucion Group, an environmental services company backed by mid-market private equity investor Palatine, has acquired specialist consultancy Aberdeen Radiation Protection Services (ARPS) Ltd, in a strategic deal that strengthens its capabilities in the nuclear sector.

The key principles and objectives that underline the Scottish Government’s progressive approach to Taxation have been published. Setting out the overall approach to tax policy and delivery, the Framework for Tax looks at how devolved powers are used to achieve Programme for Government commitme

KPMG UK has promoted three colleagues in Scotland to Partner. Oliver Dockray, Martin Stephens, and Philippa Sanderson all became partners of the professional services firm on 1 December 2021. Oliver Dockray becomes partner and head of tax technology and innovation following 13 years with the firm. B

The Financial Conduct Authority (FCA) has fined HSBC £63,946,800 for failings in its anti-money laundering processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC&

The hearing of the formal complaint of ­the Executive Counsel to the Financial Reporting Council (FRC) under the Accountancy Scheme against KPMG, a former KPMG partner, and certain current and former KPMG employees will begin on 10 January 2022. The Formal Complaint alleges Misconduct against KP

The first text message ever sent is being put up for auction by Vodafone.

Aberdeen business networking firm ABN has celebrated another successful 12 months with its end-of-year awards ceremony. The awards, held at 8848 Restaurant in Aberdeen, celebrated the success of ABN members. ABN has nearly 7,000 online members and holds monthly networking events to help companies wi

A growing economy and a strengthening of the labour market will provide a positive backdrop for real estate in 2022, with total returns for all UK property forecast at just over 6%, according to the latest UK Real Estate Outlook from CBRE. In the near term, rising Covid-19 cases, including the new O

Aberdeen-based accountancy firm Hall Morrice has made a senior appointment to the newly created role of tax director. Chris Colville, originally from Turriff and a graduate of the University of Edinburgh, has most recently been a business tax associate director at a big four firm. Prior to this, he