News

With a recent report suggesting that SMEs are chasing £50 billion in late payments in the UK, chartered accountants Wylie & Bisset is advising those struggling with the impact of late payment to agree to different terms with creditors. Know-it, the cloud-based credit management platfo

Hazel Jane, convenor of the CanDo Collective, discusses how we must ensure the pandemic serves as a catalyst for increasing the level of female-founded businesses in Scotland. Scottish innovation and entrepreneurship has been put to the test since the onset of the pandemic. With many sectors being s

Edinburgh-based start-up One Year No Beer (OYNB) has launched a crowd-funding campaign to raise £500,000. OYNB is an online toolkit that supports people to reduce or eliminate alcohol consumption to help them to live happier, healthier, and more fulfilled lives.

Scotland’s first social enterprise supermarket, Locavore, has secured £850,000 in funding to support ambitious growth plans as it looks to capitalise on increased demand for local, organic and zero waste food and goods. Based in Glasgow, Locavore aims to build a more sustainable local fo

Business optimism amongst Scottish smaller firms is at its strongest since the summer of 2015, according to new research released by the Federation of Small Businesses (FSB). FSB figures show the average Scottish business is now more hopeful about prospects than its UK-wide equivalent for the first

More than 300,000 tax credits customers have just over one week to renew their claims before the 31 July deadline, HMRC has warned. As the deadline approaches, customers are being urged not to leave their renewal until the last minute and risk their payments being stopped. The quickest and easiest w

Financial crime prevention costs UK financial institutions an average of £374,000 every year, according to new research from global legal business DWF. The survey of 300 financial crime decision-makers working in the financial services sector in the UK, also found that on average, organisation

UK accountants are no longer allowed to audit in Ireland as Brexit accelerates the separation between company law and other regulations between the two countries. Last week, the Institute of Chartered Accountants in England and Wales (ICAEW) ceased to be a recognised professional body in Ireland. Th

The Institute of Directors (IoD) has today announced that the First Minister Nicola Sturgeon, UN Young Leader for the Sustainable Development Goals Vanessa Nakate and former Skyscanner COO Mark Logan will be joining the line-up of speakers at its global conference – being hosted from Scotland

Scottish small and medium-sized enterprises across are more confident about the economy reopening than their English counterparts, according to a new report by PayPal. PayPal's Business of Change 2021 Report polled over 1000 SMEs across the UK and found Scottish SME's are more confident (6

A group of Scottish hospitality firms has proposed a solution for businesses struggling to cope with the so-called "pingdemic" forcing thousands of workers into self-isolation. The Scottish Hospitality Group (SHG) said its new process could help businesses avoid having to close unnecessarily. It has

The Financial Reporting Council (FRC) is on track to become a new, more resilient regulator according to an analysis of its recently released Annual Report and Accounts. Sir Jon Thompson, FRC CEO, said: “The improved capacity, capability and processes that the FRC delivered in 2020/21 have mov

Two boxes of sealed Pokemon card sets have been sold for more than £19,000 at auction. The boxes, purchased 21 years ago for around £30, were sold after the owner researched the prices they could fetch.

Dundee-based investment company Alliance Trust has posted strong half-year results with the company confirming a second quarterly dividend of 3.702p – an increase of 3% on last year. The company's Net Asset Value (NAV) Total Return reached 14.8% in the second quarter of this year, outperf

The UK Government has announced that it intends to sell part of its shareholding in NatWest Group plc (formerly the Royal Bank of Scotland Group plc).