News

Grant Thornton has seen a sharp increase in profit within its audit division after the firm invested £17 million in 2019 to improve the quality of its audit work. The accountancy firm posted an audit profit of £11.3m for the 12 months to the end of December, compared with £1m for t

Aberdeen-based accountancy firm Infinity Partnership has unveiled a strategic partnership with Aston Currency Management that significantly broadens its service offering to clients. Infinity has teamed up with Aston Currency Management to offer treasury management and foreign exchange (FX) services

The corporate advisory team at Scottish chartered accountancy firm French Duncan has surpassed £110 million worth of transactions since the start of 2020 - while under new leadership. Over the course of the past 15 months, the team completed close to 20 transactions, with a combined value of o

Jae Fassam, partner at law firm CMS, discusses the increasing role of Environment, Social, Governance (ESG) in Scottish businesses. As Scotland recovers from COVID-19 and businesses adjust to a new, post-Brexit landscape, rebuilding the economy in a sustainable manner will be the core focus over the

Glasgow-based vegan subscription business TheVeganKind has raised £3.5 million in Series A Capital funding after being advised by PwC. Husband and wife co-founders, Scott and Karris McCulloch launched TheVeganKind subscription delivery box service in 2013 after identifying challenges associate

The Financial Reporting Council (FRC) has said it is on track to become a "new, more resilient regulator" after it published its Strategy for 2021/22 following a period of consultation. Throughout the consultation, respondents expressed broad support for the FRC’s progress towards the new Audi

Level E Research, the Edinburgh based leader in artificial intelligence (AI) investment solutions, has just closed a seed funding round raising £1.2 million from a group of private investors including leading figures in the investment management industry. The business, founded by Dr Sonia Schu

Hamilton-based Dazzle & Inkspot Ltd, a family-run business of over 50 years, has entrusted its staff to take the reins after adopting employee ownership. Dazzle & Inkspot Ltd, renowned for its officially licensed fancy dress products, toys, games and recreational merchandise has secured the

Edinburgh-based wearable tech startup PlayerData has raised $2.3 million in a series A funding round led by Hiro Capital, the London and Luxembourg VC fund. Former Tesco CEO Sir Terry Leahy, an existing PlayerData investor, also participated in the round.

Aberdeen Asian Income Fund Limited, a fund managed by Aberdeen Standard Investments (ASI), has posted strong results for the year ended 31 December 2020.  Over the 12 months ended 31 December 2020, the Company’s net asset value (NAV) increased in sterling terms +12.9%, compared to the MSC

HSBC UK and JP Morgan have announced that thousands of their employees will work from home permanently in the wake of the coronavirus pandemic. Jamie Dimon, JP Morgan’s chief executive, revealed in a letter to shareholders that 10% of the US investment bank’s 255,000 employees

Thousands of staff working at multi-national firm Arup have been instructed to contact their banks and check for unexpected activity after the firm confirmed employees have had their personal details, including bank details, address and name, compromised following a major cyber security attack.

Jamie Dimon, the head of JP Morgan, has warned that he could move all bankers serving European Union clients out of London as regulators in Europe seek to poach the City’s business. In his annual letter to shareholders, Mr Dimon said that Brexit “cannot possibly” boost the UK econo

The International Monetary Fund (IMF) has said that wealth taxes, income tax surcharges and solidarity business levies should be considered by the UK Government to support those who have been hit the hardest by the coronavirus pandemic and to help tackle rising public debt. The organisatio

From January to March 2021, the volume of property sales in East Lothian was up 26.1% compared to the previous year, according to the latest figures published by ESPC.