News

The Artisanal Spirits Company, the owner of the Scotch Malt Whisky Society (SMWS), is set to make its debut on London's junior Aim exchange on Friday with a valuation of about £78 million. The company will place more than 69.6 million shares at a price of 112p.

Annual house price growth has risen to its highest level in nearly seven years, with growth reaching 10.9% in May, according to the latest Nationwide House Price Index.

Individuals who attempt to avoid paying inheritance tax by transferring hundreds of millions of pounds in property wealth to their children have been denied a tax break. Almost 2,000 people who issued over £600 million in gifts have been labelled as ineligible for relief against the controvers

The sale of Kier Group's housebuilding arm to a newly formed company owned by Terra Firma founder and chairman Guy Hands has now been completed.

A pony trekking business in the Isle of Lewis has secured £30,000 from Highlands and Islands Enterprise (HIE) for a project that will see new jobs created for young people.

HMRC has refunded millions of pounds to UK taxpayers who paid its controversial loan charge. However, only a small proportion of those who applied for a refund have received any cash, meaning hundreds of taxpayers face a longer wait for their money to be returned.

A Bitcoin "mine" has been discovered during a raid on an industrial unit in Sandwell. West Midlands Police revealed that when executing a drugs warrant at a Black Country industrial unit, it uncovered a cryptocurrency ‘mine’ that was stealing thousands of pounds worth of electricity from

Interpath Advisory – formerly KPMG’s UK restructuring practice - has appointed Phil Popham, former CEO of Lotus Cars and Sunseeker International as special advisor to the business, while Suren Thadani joins as managing director. Mr Popham will work as part of Interpat

Edinburgh-based accountancy firm Steedman has added to its expertise in the blockchain and digital asset sphere by becoming a member of industry trade body CryptoUK. These moves will enable Steedman to contribute to the development of fit-for-purpose regulatory frameworks and to access and liai

Sir Jon Thompson, chief executive of the Financial Reporting Council (FRC) has admitted that the financial regulator was "asleep at the wheel" during corporate failures. In an interview with the Financial Times, Sir Jon admitted that the regulator had failed to do its job during a series of corporat

Perth-based insurance giant Aviva has posted its highest general insurance sales for a decade and hailed record performance in its savings and retirement arm. Savings and retirement sales soared by 23% to £6.2 billion in the first quarter of this year, with net inflows of cash up 31%, as the c

The Financial Conduct Authority (FCA) has implemented a package of remedies to prevent insurance companies from issuing loyalty penalties to customers.  The move is an attempt to improve competition and ensure renewal quotes for home and motor insurance consumers are not more expensiv

Aberdeenshire-based pipeline technology specialist STATS (UK) Ltd delivered revenues of £42.5 million and recorded EBITDA earnings of £6.5m despite the challenges of Covid-19. According to the firm's latest annual accounts, revenues increased by £3.4m (up from £39.1m) while e

Business confidence in Scotland rose six points during May to 15%, the highest reading since February 2020, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported higher confidence in their own business prospects month-on-month, up five po

According to Savills latest report on the Glasgow office market, Glasgow recorded 63,388 sq ft of take-up, a 49% increase from Q4 2020, with a further 170,000 sq ft of office space under offer.