News

Jenny Healy, director of accounts and audit, based in the Saffery Champness Edinburgh office and a member of the firm’s Landed Estates and Rural Business Group, discusses the growing pressure on the UK Government to introduce a new wealth tax. After a year of much needed support from the Chan

Aberdeen-based accountancy firm Hall Morrice has gifted £1,000 each to Maggies, CLAN Cancer Care and Mental Health Aberdeen (MHA) in lieu of Hall Morrice sending client cards and gifts this year. Mike Innes, Hall Morrice business development director, explained: “Last year we decided to

Shoe retailer Schuh has secured a £19 million finance facility with Bank of Scotland owner Lloyds Banking Group. The funding has been secured through the Treasury's coronavirus large business interruption loan scheme (CLBILS).

The TOC Property Backed Lending Trust PLC (PBLT) has announced the completion of a £3.8 million transaction to develop a new environmentally advanced crematorium complex on the outskirts of Glasgow. Managed by Tier One Capital Ltd, PBLT is providing a three-year debt facility to develop the co

The retail sales downturn continued in November, falling further into decline with 10.2% on a Total basis, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Businesses across Scotland are being continuously hampered by the stop-start implementation of more lockdown restrictions, according to the Scottish Chambers of Commerce (SCC).

The Scottish Aquaculture Innovation Centre (SAIC) has announced £2.2 million funding for eight new innovation projects that will support the sustainable development of the aquaculture sector in Scotland and beyond. The projects represent a total combined investment of more than £2.2m fro

Scotland's chief statistician has released statistics showing that the economy grew by 16.0% during the third quarter of 2020, covering the period July to September. The data has revealed that over the year, compared to the third quarter of 2019, the economy has contracted by 9.5%.

HMRC has launched a new UK Trader Scheme to support businesses moving goods from the UK to Northern Ireland. Traders are being urged to consider whether they need to sign up to the new UK Trader Scheme (UKTS) to ensure traders don’t pay tariffs on the movement of goods into Northern Ireland fr

Consumer price inflation fell back much more than expected to a three-month low of 0.3% in November, having risen to a three-month high of 0.7% in October, according to the latest statistics from the Office for National Statistics (ONS).

A police drugs-squad raided a house in Peru dressed as Santa and an elf.

Deloitte has been appointed administrator of engineering firm BiFab.

Accountancy firm BDO has backed down and agreed to repay £4.1 million of furlough money after outrage over its £137m pay out to partners. On Friday, Scottish Financial News reported that partners at the firm would receive an average of £518,000 each despite receiving furlough

NatWest has joined the growing number of UK lenders who have reintroduced 90% mortgages after many banks and buildings societies cut such offerings in the wake of COVID-19. At the beginning of the month, Bank of Scotland owner Lloyds Banking Group announced that it was reintroducing 10% deposit mort

The Fraser of Allander Institute (FAI) at The University of Strathclyde has set out three possible scenarios for Scotland's economic growth in the wake of the coronavirus pandemic.