News

Aberdeen-based drilling, engineering and technology contractors KCA Deutag has announced the creation of a new business unit that will expand its offering in both the hydrocarbons and energy transition markets. The new business unit, Kenera, will consolidate and leverage the skills, competencies and

Scottish shop vacancies have risen by a quarter since the second quarter of 2020, according to the latest Scottish Retail Consortium (SRC)-Local Data Company (LDC) Vacancy Monitor. In the second quarter of 2021, the Scottish vacancy rate increased to 16.1%, from 15.3% in Q1. It was 3.2 percenta

Cineworld has secured £143.3 million in new loans to secure its finances as the firm prepared for an “unprecedented slate of films” in the second half of this year.

SkillSeeder, the go-to marketplace app for in-person and online training, has seen a surge in interest from female skill sharers and skill seekers. The app is a one-stop-shop for skill seekers to find courses, workshops or 1:1 training. It also allows more people to earn an income from sharing their

The Financial Reporting Council (FRC) has today published its third Annual Enforcement Review revealing that its Enforcement Division has grown by 44% in the last year.  The increase in the size of the division has helped the watchdog to enable the swifter resolution of cases, while the number

An Anglo-Saxon coin discovered by a metal detectorist is expected to fetch up to £200,000 at auction. The Gold Penny, or Mancus of 30 Pence, dates back to the time of Ecgberht, King of the West Saxons between 802 and 839.

The Financial Conduct Authority (FCA) is proposing changes to its decision-making process which will enable it to make faster and more effective decisions. The proposed changes will help the FCA improve how it tackles firms and individuals who do not meet the required standards.

Aberdeen-based accountancy and business advisory firm Infinity Partnership has been named Accounting Practice of the Year at the 2021 Sage Impact Awards. The firm was praised for its commitment to excellence by Sage, the global accountancy software firm.

Wealth management firm St James's Place has increased its assets to a record £143.8 billion in the first half of this year. Announcing its first half results for 2021, the firm reported net inflows of £5.5bn which caused its total funds under management to soar. St James's Place also pos

Bank of Scotland owner Lloyds Banking Group has posted a statutory profit before tax of £3.9 billion for the six months to the end of June. In 2020, the bank posted a first-half loss of £602 million, after allocating £2.4bn for bad loans.

Stuart MacPherson, senior business services manager at Aberdeen chartered accountancy firm Meston Reid & Co, details the next stage of HMRC's digitalisation programme. The next stage of HMRC’s digitalisation programme is on the horizon with the second phase of Making Tax Digital for VAT -

The Scottish National Investment Bank (SNIB) has invested £2 million in Forev – the electric vehicle charging network owner and operator – to help tackle the lack of charging infrastructure in Scotland. The equity investment will support Forev in its ambition to create a network of

Global financial services consulting firm Sionic has appointed Scott Lee as a partner in the firm’s  Wealth Management & Private Banking Practice Mr Lee joins Sionic from his former role as investment management director in the Wealth & Asset Management Practice at KPMG. Based in

The Alcoholic Water Company Ltd has secured a six-figure investment from Scotmid Coop and Scottish Enterprise. Launched in 2019, the company is a collaboration between Craig Strachan and Hannah Fisher, the founders of Glasgow-based innovation facility the Start-Up Drinks Lab and Drew Shannon an

Turnover at Aberdeen-headquartered John Clark Motor Group dropped by almost £100 million as a result of a decline in sales caused by the COVID-19 pandemic. Total sales slumped to £721.8m, a drop of 12% from £820.8m reported in 2019.