News

The Supreme Court has approved a £14 billion court case against credit card giant Mastercard. The court ruled that the Competition Appeal Tribunal (CAT) must reconsider the class action against Mastercard which it previously threw out.

Local shops and businesses are on a ‘cliff edge’ with one in 10 (11%) facing permanent closure without a successful trading period this Christmas, according to new research by small business insurer Simply Business.

Lloyds Banking Group has urged Scotland to take a local approach to its economic recovery from the coronavirus pandemic. The bank has unveiled its new report, The Big Conversation: Helping Britain Recover, which harnesses insights gathered from business leaders, policy-makers, and community leaders

Renewed household and government spending will drive the UK’s economic recovery in 2021, but a more cautious revival in business investment means it will be the end of 2022 before GDP returns to pre-pandemic levels, according to the Confederation of British Industry (CBI).

A new campaign against loan sharks has been launched to crack down on lenders who are moving online to prey on Scots.

Cambuslang-based Grays Dental Practice has agreed a partnership with Scotland’s largest dental group Clyde Munro Dental Group.

Fairways Business Park in Livingston is close to full occupation with five lettings concluded in 2020, defying tough market conditions experienced by office landlords with people working from home. November has seen health and home care services company Lucerne Scotland secure the 2,889 sq ft first

A £55 million emergency sports funding package to tackle lost ticket revenue during the pandemic has been announced by sports minister Joe FitzPatrick. The funding will comprise grants and low-interest loans, including £30m for Scottish Football at all levels of the game.

The Financial Conduct Authority (FCA) has confirmed proposals to permanently ban the mass-marketing of speculative illiquid securities - including speculative mini-bonds - to retail investors. A temporary ban was introduced without consultation in January following serious concerns that speculative

The Financial Reporting Council (FRC) has today announced its corporate reporting and audit quality review programme for 2021/22 alongside its priority sectors for review. The FRC’s Corporate Reporting Review team will supplement its routine reviews of corporate reporting with five thematic re

The Cash by Cash App has launched its own clothing line in its latest attempt to convert the app into a lifestyle brand.

Two Scottish men involved in creating false invoices as part of a £45,000 tax fraud have been sentenced. David Paterson of Scone collaborated with his accountant Kevin Sinclair of Kirkintilloch to reclaim VAT they weren’t due, an HM Revenue and Customs (HMRC) investigation revealed.

KPMG has set its sights on further growth in Aberdeen following the senior appointment of Carole Innes. Ms Innes will head up the firm’s Business Development strategy, with a particular focus on the energy sector and privately-owned companies serviced by KPMG’s growing Private Enterprise

Taxes on land and property could serve as a powerful tool for helping Scotland develop a robust, resilient wellbeing economy, according to a new report published by the Scottish Land Commission (SLC).

With the UK coming to the end of its second lockdown, only 21% of Scottish SMEs feel that overall Boris Johnson is dealing with the COVID-19 outbreak effectively, compared to 46% nationally, according to the second Newable Small Business Confidence Index. Other than the pandemic, 57% of Scottish SME