News

The risk of catching COVID-19 from banknotes is 'low', according to new research from the Bank of England. The bank's research tested a 'worst case' scenario of an infected person coughing or sneezing directly on to banknotes made of both paper and plastic.

PwC has expanded its Business Restructuring Services practice in Scotland with the appointment of Nick McLaren as a director. Mr McLaren has returned to PwC Scotland from the professional services firm’s Australian restructuring practice, where he advised a wide range of businesses across sect

UK business owners and senior executives are preparing to sell takes in businesses in anticipation of a potential increase in capital gains tax next year. Earlier this month, Scottish Financial News reported that Chancellor Rishi Sunak is considering proposals by the Office of Tax Simplification (OT

Audit firms have implemented additional measures to enhance their evaluation of companies’ going concern assessments since the start of the coronavirus pandemic, according to a review of completed audits by the Financial Reporting Council (FRC). The FRC reviewed a sample of eleven audits

The Financial Services Compensation Scheme (FSCS) has stepped in to protect the members of Faifley Credit Union Ltd, which ceased trading on Monday 23 November and is now in default. All 95 members of the credit union, which is in Clydebank, West Dunbartonshire, will be compensated by FSCS within se

Women’s Enterprise Scotland (WES) and STV have announced a new strategic partnership to help develop and grow women-led business in Scotland.

National Savings & Investments (NS&I) is set to slash interest rates on its savings accounts today, in a move that many savers have been 'dreading'.

Chancellor Rishi Sunak must avoid a knee jerk reaction to tax increases according to property management firm Apropos by DJ Alexander. The UK-wide letting firm, believes that the widely trailed increases to capital gains tax (CGT) will have an unprecedented negative impact upon the private rented se

A no-deal Brexit would cause more long-term damage to the economy COVID-19, according to Andrew Bailey, governor of the Bank of England. Mr Bailey said that he was relatively optimistic about the economy’s ability to recover from the coronavirus pandemic, but he warned that it would be more di

Dunfermline-based Deanestor, one of the UK’s leading furniture and fit-out specialists, has delivered its largest ever contract in the education sector. The £3 million project was for the manufacture of bespoke furniture and fitout of the new £55m Inverurie Community Campus –

Construction materials group Breedon has announced that James Brotherton will join the executive management team as chief financial officer (CFO) designate on January 1. Mr Brotherton was CFO of Tyman Plc between 2010 and 2019, prior to which he was director of corporate development for five years,

Ayrshire-based Sandgate Dentistry has joined Scotland’s largest dental group, Clyde Munro, adding four dentists, two hygienists, seven nurses and one receptionist along with 11,500 patients to the group’s growing portfolio. The acquisition was struck with the help of business property ad

Barclays Corporate Banking has today announced that it is working with CGI to implement the CGI Trade360 platform. This new platform will provide an industry-leading end-to-end global trade finance solution for Barclays clients in the UK and around the world.

British Airways is selling off champagne flutes, crockery and blankets as it attempts to generate cash flow amid a decline in air travel thanks to COVID-19.

Ahead of the Spending Review, accountancy and business advisory firm Azets is calling on the Chancellor to take five practical steps that will support business and help deliver growth across the regions. Fraser Campbell, head of UK accounts and business advisory services, at Azets, said: &ldquo