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The Financial Reporting Council (FRC) has today announced a consultation on proposals to update and strengthen significantly the Audit Firm Governance Code in support of the FRC’s objectives to promote high-quality audit and audit market resilience. The code applies to the Big Four and to othe

Scotland’s onshore GDP grew by 0.9% in June, according to statistics announced by Scotland's chief statistician.

The mayor of Cool Valley, Missouri wants to give every resident £1,000 in bitcoin. Mayor Jayson Stewart is raising money to give each of the town's 1,500 residents a bitcoin donation, however, the locals are required to keep the coins they receive.

The Financial Reporting Council (FRC) has announced sanctions against Big Four accountancy firm EY and audit engagement partner Mark Harvey in relation to the statutory audit of the consolidated financial statements of bus company Stagecoach Group plc. The sanctions concern the audit conducted by th

Money lender Amigo Loans has warned that it may not survive after setting aside £345 million for mis-selling claims. The company, which offers money to those with poor credit ratings, also revealed that its annual losses rose to £284m, compared with £38m in 2020.

The Orkney Cheese Company Limited in Orkney has secured up to £370,000 investment from Highlands and Islands Enterprise (HIE) to upgrade its cheese production facility. The firm is investing in a £925,000 refurbishment project, which is set to increase production, create jobs and help th

Edinburgh-based dental technology company, Calcivis, is preparing for a US launch with a restructuring of its board and the successful completion of its latest £1.52 million funding round. Calcivis has developed the world’s first biotechnology-based dental imaging system and has been par

Justin Trudeau, the prime minister of Canada, has promised to block overseas property investors if he is re-elected as the country's leader. He has vowed to impose a two-year ban on foreign home buyers if he is re-elected, in a bid to address the affordability of homes in Canada.

A testbed mobile network, developed at the University of Glasgow with £1.6 million of funding from the Scotland 5G Centre, is creating a new ‘super immersive’ learning experience which is attracting worldwide attention as a game changer for the industry.

NatWest Group has launched a new 'housemate' app to help renters manage shared bills. The new digital tool will allow house sharers to split bills and could help them build their history with NatWest’s data partner, Experian.

Cupar and Wishaw will become the latest homes of the Whopper, with a brand-new Burger King restaurants opening their doors in the  creating around 60 new job opportunities in both areas.

The Scottish Government is to invest more than £14 million to support north east-based workers impacted by the COVID-19 pandemic and the oil and gas downturn. The funding will provide opportunities for more than 3,000 individuals in Aberdeen and Aberdeenshire through training and enterprise pr

Insurance firms may not be ready to implement new product governance rules there to ensure insurance provides fair value, according to a review published today by the Financial Conduct Authority (FCA). As part of the FCA’s ongoing work to ensure consumers receive fair value, the review looked

A new medicines manufacturing innovation centre that will solve major pharmaceutical industry challenges and accelerate access to affordable medicines has topped out this week. 

Sex Pistols frontman John Lydon – or Johnny Rotten – has lost a High Court battle with his former bandmates over a new TV show about their career. He pulled out of the six-part miniseries to be directed by Oscar-winner Danny Boyle and refused to allow the band's music to be used in the s