News

Business advisory firm Quantuma has expanded its forensic accounting and investigation team into Scotland with the appointment of managing director David Bell. In his new role, Mr Bell will be responsible for launching Quantuma’s forensic accounting offering in Scotland. He will assist individ

The UK Government has told UK firms struggling with coronavirus-related debts that it will not pursue them for unpaid taxes in an attempt to avoid an increase in insolvencies this summer. Restructuring experts have said that many company companies will feel the full weight of the COVID-19 pandemic o

A limited partner in a Scottish investment fund has succeeded in the first stage of an action of count, reckoning and payment against the partnership and its general partners before the Outer House of the Court of Session. Johann Herberstein believed that the value of his interest in the p

North-east environmental tech firm Recycle8, which is developing a low carbon process for the construction industry, has secured a seven-figure investment from a group of private investors. Recycl8 works in collaboration with the waste-to-energy and global construction industries to transform Incine

University of Edinburgh start-up REOptimize Systems has completed a £300,000 seed funding round to accelerate the commercialisation of its ground-breaking wind turbine improvement technology. REOptimize has concluded a £300,000 equity seed funding made by a group of investors including I

The Royal Bank of Scotland is launching a new 0% purchase and balance transfer card. The new card will offer all accepted customers 0% on both purchases and balance transfers for 20 months from account opening.

The Competition and Markets Authority (CMA) has issued a warning to a series of UK banks including Monzo, NatWest and Virgin Money after they breached a rule requiring them to send former customers their transaction histories. As a result of the Retail Banking Market Investigation Order 2017, banks

Garroch Investments has announced plans to demolish Princes House in Glasgow to make way for a £75 million office block, having acquired the building for an undisclosed amount.

Roof tile manufacturer Russell Roof Tiles has been given the green light for £1.7m plant and building works at its Lochmaben base following a short delay.

Scotland’s onshore GDP is estimated to have increased by 2.0% in April, as the stay at home restriction in place since the beginning of the year was lifted and consumer-facing services began to re-open during the month. Figures released by Scotland's Chief Statistician have revealed that outpu

The Bank of England's (BoE) new £50 note has entered circulation today. The note is the bank's first polymer £50 note and features the scientist Alan Turing.

Morgan Stanley is set to ban unvaccinated workers and clients from its offices in New York. The bank will require anyone seeking entry into its buildings to declare their vaccination status starting next month.

The Financial Conduct Authority (FCA) has published new proposals on climate-related disclosure rules for listed companies and certain regulated firms. The proposals follow the introduction of climate-related disclosure rules for the most prominent listed commercial companies in December 2020 which

A man has been arrested in connection with the theft of 21 tonnes of pistachios valued at more than $100,000. California man Alberto Montemayor, 34, of Montemayor Trucking, was arrested after an audit of Touchstone Pistachio Company found that 42,000 pounds of the seeds were missing.

The Financial Reporting Council (FRC) is seeking a £15 million fine against Big Four audit firm KPMG after a draft tribunal report highlighted misconduct in its sale of Silentnight to private equity firm HIG. The accountancy regulator is also pursuing a fine of at least £500,000 against