News

Businesses across the country have now been awarded more than £100 million through the Scottish Government Business Support Fund. The scheme, announced by cabinet secretary Fiona Hyslop at the end of April, has to date helped more than 2,500 businesses and 4,160 self-employed people.

UK households repaid a record £7.4 billion of unsecured debt in April, according to data published by the Bank of England.

Tesco has announced that its chief financial officer Alan Stewart has decided to retire from the company on 30 April 2021. Mr Stewart joined Tesco in September 2014 and, as a member of the board and executive committee, has played an instrumental role in the turnaround of Tesco.

BDO has taken over from KPMG as the auditor of Ted Baker. In January, Ted Baker reported that the value of inventory held on the group’s balance sheet at 26th January 2019 was overstated by £58 million, a number more than double the value of the £20-25m it initially suggested.

The Financial Conduct Authority (FCA) has said that insurance firms must consider the impact of coronavirus when assessing the value of their insurance products. The guidance sets out what the FCA considers firms should be doing to identify any material issues that affect the value of the gener

A total of 128 companies have now received more than £5 million of financial support through the Scottish Government’s Seafood Resilience Fund.

A man who bought one of the world's most expensive cars, a Ferrari 250 GTO, is entitled to have its original gearbox, located years after the sale in a US workshop, a judge has ruled.

Kerrie Murray has been promoted from chief financial officer to chief executive of manufacturing firm Pryme Group. The chartered accountant joined Pryme Group, which has offices in Dundee, Aberdeenshire, North Shields, Lancaster and Altrincham, in June 2018, as CFO, after having worked more than 10

Melrose-based housebuilder Rural Renaissance Limited (RRL) has secured a six-figure funding package from Bank of Scotland to support its working capital, enabling it to continue to pay suppliers and honour its contractual commitments during the coronavirus crisis. RRL is parent company to

Wylie & Bisset's managing partner Donald McKinnon takes advantage of hot weather and hosts socially-distanced meeting with a client on Helensburgh seafront. Taking full advantage of the recent hot spell and the forced inability to meet clients in the usual meeting room, McKinnon instead took ful

Nicola Ross explains the details of new legislation aimed at helping ailing businesses.  The Corporate Insolvency and Governance Bill was read in UK Parliament at the end of May and is likely to be welcomed by many struggling businesses which are facing potential insolvency due to coronavirus.

The Financial Conduct Authority (FCA) has confirmed that holiday payments for mortgage customers will be extended until the end of October this year in a bid to combat the financial impacts of the coronavirus crisis.  The FCA has confirmed that customers still experiencing temporary payment dif

A round-up of business news from across Scotland featuring: Smith Anderson's 16% turnover rise, Hope Box Project's distribution of arts and crafts boxes, Glen Mhor Hotel and Apartments' reduced key worker beds, Dundee University's £5 million coronavirus drug research funding, the clo

Leading bodies have issued guidance on the implications of the coronavirus pandemic for pension scheme financial reports and audit. The guide has been prepared jointly by the Institute of Chartered Accountants in England and Wales (ICAEW), the Institute of Chartered Acc

Property values dropped by 1.7% month-on-month in May across the UK according to the latest House Price Index by Nationwide Building Society.