News

A fresh analysis undertaken by the Scottish Retail Consortium (SRC) estimates shops in Scotland have missed out on £5.8 billion of retail sales during the past two years of the Covid pandemic.

As more information emerges about the Omicron variant and restrictions begin to ease, Scotland’s GDP is expected to grow by 4.8% this year, according to new analysis by KPMG UK. With Omicron posing a milder setback than earlier strains, KPMG expects all regions and nations to reach their pre-C

The Payment Systems Regulator (PSR) has imposed fines against Mastercard, allpay, Advanced Payment Solutions, Prepaid Financial Services and Sulion after concluding that the five parties infringed competition law by agreeing not to compete or poach each other’s customers in the prepaid cards m

Acting on behalf of M2M Assets Ltd, Ryden has announced the sale of a high yielding investment portfolio of two industrial units in Scotland's Central Belt to Vardy Property Group.

Eight projects will share £8.7 million of Scottish Government investment, with project partners providing match funding, taking total investment to £24.4m. The projects, funded through the Low Carbon Infrastructure Transition Programme include the construction of a district heat network

The Financial Conduct Authority (FCA) is acting to address concerns about the ease and speed with which people can make high-risk investments by proposing a significant strengthening of its rules on how high-risk financial products are marketed. This is a central element of the FCA's Consumer Invest

Stuart Smith, a former senior auditor at KPMG, has been fined £150,000 and banned for three years after admitting to misleading the Financial Reporting Council (FRC). KPMG and Mr Smith admitted their misconduct in relation to the FRC’s Audit Quality Review (AQR) inspection of the audit o

Henderson Loggie is strongly advising businesses in Scotland to be proactive in engaging with HMRC over COVID-19 grants received in error. Navigating through the pandemic has been a stressful time for business owners who have juggled staff welfare, rising costs, supply chain issues and other commerc

A strong final quarter in 2021 saw office take-up in Edinburgh continue its recovery from the Covid-19 pandemic and start the new year with renewed positivity, according to new analysis from Knight Frank.

The rising cost of living is having a detrimental impact on savings across Scotland, according to a new report by Accenture. The survey of 184 adults in Scotland found that almost two-thirds of respondents (65%) said the rising cost of living had impacted their ability to save money, while over a th

Total retail sales in Scotland increased by 15.6% compared in December, compared to the same period the year before, when they had decreased by 16.6%, according to the latest Scottish Retail Consortium (SRC) and KPMG Retail Sales Monitor.

An Italian couple have won a nearly two-decade-long court battle over their neighbour's toilet flushing loudly in the night. The couple, from La Spezia, launched the case in 2003 shortly after their neighbours installed a new bathroom adjacent to the couple's bedroom.

The Scottish National Investment Bank (SNIB) has announced a £4.45 million investment into Highland Coast Hotels to help to support more sustainable and community-led hospitality around the North Coast 500 tourist route. The investment will support tourism and employment opportunities in a rem

Almost three quarters (72%) of small or medium enterprises (SMEs) across Scotland are currently waiting on late payments from customers, according to new research from Barclays surveying 500 UK small business owners.

The Financial Reporting Council (FRC) has commenced an investigation into the statutory audits by PwC of the consolidated financial statements of Babcock International Group plc for the years ended 31 March 2019 and 2020. The FRC has extended its original investigation, which intended to analyse aud