News

Chartered surveyors DM Hall said the post-lockdown property boom has been “like a dam burst ” as pent-up demand has seen a surge of interest from prospective buyers. Alan Gordon, senior partner, said the property market has proved to be extremely resilient and has “behaved very wel

UK regulators have fined Goldman Sachs almost £100 million as part of a $2.9 billion settlement with authorities around the world for the investment bank’s role in Malaysia’s 1MDB scandal. Yesterday, the Prudential Regulation Authority (PRA) fined the bank £48.3m —

Glasgow-based start-up Vistalworks, which develops technology to keep consumers safe online, has struck a deal with the Lithuanian government to crack down on illicit trade. The firm will spearhead closer ties between Scotland and Lithuania’s GovTech Lab, which encourages innovative solutions

US private equity group Lone Star has launched a £630 million takeover bid for McCarthy & Stone with the retirement homes specialist's board recommending that shareholders accept the offer.

British consumers have played a key role in the economy's third quarter bounce back, as retail sales volumes rose by 1.5% in September, according to the latest figures from the Office for National Statistics (ONS).

HMRC is reminding Self Assessment customers that there are just 100 days left to complete their tax return ahead of the deadline on 31 January 2021. Each year, around 11 million customers complete a Self Assessment tax return. Customers can complete their 2019-20 tax return at any time up to the dea

A man from West Sussex has raised almost £5,000 for homeless charity Turning Tides by drawing "rubbish" pictures of pets. 

The Institute of Directors (IoD) is urging the UK Government to reinstate a key insolvency protection for company directors to prevent a sharp rise in insolvencies as restrictions come into place across the country. Earlier this year, the government suspended ‘wrongful trading’ rules, un

The Designer Rooms, a Scottish-based furniture company, has secured an £850,000 CBILS funding package from Royal Bank of Scotland to support the family firm as it navigates the effects of the pandemic. With eight showrooms located throughout Glasgow and Ayrshire, The Designer Rooms is a o

More funding will be made available by the Scottish Government for businesses affected by the extension of temporary restrictions to slow the spread of coronavirus. The First Minister announced that the current temporary restrictions will remain in place until November 2. As a result, funding for bu

Glasgow accountant Elaine Boyd has been listed in the Shaw Trust Disability Power 100 after judges heard about her inspiring story fighting for the rights of disabled people and refusing to allow cerebral palsy to limit her life or her achievements. Ms Boyd, who is an associate director of Audit Sco

The accounting industry is turning to artificial intelligence (AI) to help to detect fraud and prevent further scandals.

KPMG is offloading its investor consultancy business Makinson Cowell to investment bank Lazard as the Big Four firm seeks to cull potential conflicts of interest between its auditing division and consulting work. Makinson Cowell is to move to Lazard at the start of December.

A round-up of business news from across Scotland featuring: Wolfcraig Distillery's new master blender, Thistly Cross' first cider liqueur, Ardbeg Distillery's new delivery service,  Shedman's donation to Glasgow's Rising Stars Nursery and Little Lies' sales boom.

More people (32%) are worried about the effect of COVID-19 on their income than losing a loved one (30%), according to a new report by Creditfix.