News

North Star Shipping, Britain’s largest offshore emergency response and rescue vessel (ERRV) operator, has secured a new £40 million finance package from Bank of Scotland as it pursues growth in its North Sea operations. The term loan and revolving credit facility puts in place long term

Infrastrata has acquired the Methil and Arnish yards from the collapsed Scottish manufacturer Burntisland Fabrication (BiFab) for £850,000.

Iain Young considers the year ahead in tax. One of the most hackneyed phrases found in articles written by lawyers is that in this world nothing can be said to be certain, except death and taxes. 

Audit, tax and consulting firm RSM has predicted that insolvencies will double in 2021 when government support, such as the furlough scheme and bounce back loans, ends. According to the Insolvency Service, there were 12,557 company insolvencies in 2020, down on the 17,225 the previous year.

Jason Cozens, founder & CEO of fintech Glint, discusses the rise of alternative global currencies such as Bitcoin. The idea that became Glint began life almost 15 years ago as I watched desperate consumers struggle to recover their funds from the collapsing Northern Rock. It was the first time t

Brewin Dolphin has appointed Johnny McGlynn as its new head of office for Edinburgh. Mr McGlynn joined Brewin Dolphin in 2009 as head of financial planning for Edinburgh, a role he held for five years before becoming head of business development and growth for the office. Johnny graduated from Edinb

Darma London has submitted a planning application with Moray Council on behalf of MDE Investment Limited to transform old livestock barns at Wester Green, Dunphail, south of Forres into a whisky distillery.

Mark Batten has been appointed as banking and capital markets leader for the UK at PwC. He will head up the firm’s B&CM practice which provides guidance on all aspects of banking strategy, risk and regulation, FinTech, consumer credit, tax and deals.

Ofcom has fined O2 £10.5 million after customers leaving the mobile provider were overcharged, due to billing errors by the company. Ofcom’s rules require telecoms companies to provide customers with accurate bills and charges. In 2019, Ofcom opened an investigation into potential issues

Over the year 2020 as a whole, UK GDP contracted by 9.9%, marking the largest annual fall in UK GDP on record, according to the latest figures from the Office for National Statistics (ONS).

The Financial Reporting Council (FRC) has said it is on track to becoming a robust and independent regulator as it published its draft 2021/22 Strategy, Plan & Budget for consultation. The watchdog has said that the draft reflects its 'continued commitment' to serve the public interest whilst al

The UK Government has announced a £20 million SME Brexit Support Fund to support small and medium-sized businesses (SMEs) adjust to new customs, rules of origin, and VAT rules when trading with the EU.

Dräger Safety UK, part of The Dräger Group, an international leader in the fields of medical and safety technology, has announced the launch of Dräger Hire, a new UK-wide safety equipment rental service. The £2 million 2,000-item rental fleet will be operated from the firm&rsquo

Barclays Corporate Banking has announced the launch of a new Green Bonds Guarantees & Indemnities (BGIs) product, which will offer support to businesses trying to reduce their environmental impact as they conduct their day-to-day activities. The Green BGI focuses on tackling the challenges that

A further £17.5 million of emergency coronavirus funding has been allocated by the Scottish Government to support creative freelancers and the events sector. Of that, £8.5m will go towards the events sector – distributed through the Pivotal Event Businesses Fund and the Events Indu