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Chartered accountants Wylie & Bisset has stressed that cash is king for SMEs tackling the scarcity of supply, inflationary pressures and staff shortages this winter. Labour shortages and price rises continue to threaten economic recovery, according to data compiled by SCDI, with a surge in vacan

Tim Cooper, chair of insolvency and restructuring trade body R3 in Scotland and a partner at Addleshaw Goddard in Edinburgh, has won the Association’s R3 2021 Excellence Award. Mr Cooper won the award, which was presented in memory of former R3 North West Chair and Council member Matt Dunham,

As pressure mounts on businesses facing the prospect of meeting loan repayments in challenging market conditions, accountancy firm Henderson Loggie is urging directors who have taken advantage of Covid financial relief schemes to seek professional advice to avoid stress. Bounce-back loans were made

Nationwide Building Society has seen its first-half profits more than double to £853 million, compared to £361m in the first half of 2020. For the six months to September 30, the lender saw its net interest income grow to £1,706m, compared to £1,448m in 2020, with higher marg

London-based Waverton Investment Management has appointed Derek McLay as business development manager for Scotland and Northern Ireland. Mr McLay will report to head of intermediary sales, Mark Barrington and he will focus on promoting Waverton’s dedicated adviser offering – including it

Guardbridge-based gin distiller Eden Mill has submitted plans to build a £4 million premium visitor experience at its headquarters in the Fife village. Eden Mill hoped to develop its distillery and brewery into the former paper mill buildings at St Andrews University’s Eden Campus in Gua

Rearo, an independent family business headquartered in Govan, has celebrated its 30th anniversary with a £500,000 investment. The £500,000 investment will help the company transform production processes and working practices, develop new products, and embed a commitment to customer servi

Growing sugar beet in Scotland and processing the crop at a purpose-built biorefinery facility initially producing bioethanol could support thousands of jobs and make a significant contribution to the country’s net-zero ambitions, according to a study funded by Scottish Enterprise and produced

Business-owning retirees in Scotland are more likely to keep a foot in the door than head off into the sunset, according to new research from Rathbone Investment Management. Most Scottish company heads (54%) plan to remain at the helm and hand over only the daily management of their business, either

Asset engineering firm Edwin James Group is to create more than 100 jobs over the next two years after a series of contract wins helped create a record order book in excess of £500 million. Sales fell by 11% over the last financial year due to the pandemic while profits held up well.

An extremely rare first-edition printed copy of the US constitution has sold for $43.2 million at a Sotheby's auction. The sale makes it the most expensive historical document to be bought at auction. It also broke the auction record for a book, manuscript or printed text.

The threat of an extension to the vaccine passport scheme has prompted chartered accountants Wylie & Bisset to forecast a bleak mid-winter for hospitality sector operators juggling to cope with a drop in customer traffic while facing the prospect of rising admin costs. Deputy First Minister and

Brewin Dolphin has expanded its Glasgow team with 14 appointments and promotions across its financial planning and investment divisions this year. Craig Thomas joins the wealth manager’s financial planning team as a paraplanner, after holding positions at IBC Wealth and Scottish Widows.

UK auditors are showing poor professional judgment in a number of cases and must improve their standards, according to a new report published by the Financial Reporting Council (FRC). In the latest Developments in Audit 2021 report, the FRC revealed that for the third year running around 30% of audi

UK banks will be forced to refund victims of Authorised Push Payment (APP) scams under new changes to the law published by the Payment Systems Regulator (PSR).