News

Glasgow-headquartered intellectual property firm Lawrie IP is celebrating its tenth anniversary with an increase in turnover to around £2.7 million in the 12 months to June 2020, from £2.2m in the previous 12 months. The firm has experienced substantial growth over the decade, with an in

Plans by Barclays to convert the B-listed Beco building at its Tradeston site into a new branch and offices have been granted approval.

Scottish Water has been awarded the Fair Tax Mark certification, for the first time, in recognition of its open and transparent approach to taxation. The organisation has also been rated as being a leader in the water sector as well as against nearly 100 other UK organisations in Business in the Com

Scottish private sector output fell again in November, according to the latest Royal Bank of Scotland PMI, as lockdown measures continued to take a toll on the economy. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service s

For August to October 2020, Scotland’s employment rate estimate has risen over the quarter to 74.8%, according to the latest labour market statistics published by the Office for National Statistics (ONS) today. The ONS data also revealed that Scotland's unemployment rate estimate has fallen ov

A new survey from NatWest has found that just over a third (31%) of young Brits (aged 18-24) don’t feel financially secure in the current COVID-19 climate. When asked if they felt financially secure, have enough money to live comfortably and afford essential payments (e.g. groceries, utility b

A night owl who couldn't stand the crowing of his neighbour's rooster has been given a five-month suspended prison sentence for shooting it. The 47-year-old fireman from southern France, known only as Gérard A, shot and beat rooster Marcel to death after being woken too early in the morning.

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

Dundee-based restructuring and insolvency specialists Dunedin Advisory has become an Employee Ownership Trust (EOT). Since making the decision to become an EOT, the firm's staff have fully engaged in the goal of strengthening and developing not only the business but their future personal develo

A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club. Sources in the financial sector told The Times that it appeared the bill was likely to be reduced further as liquidators said they were having “positive discussions” w

Three Aberdeen charities are receiving a festive season funds boost thanks to city accountants and tax advisors Meston Reid & Co. The firm is donating the money it would normally spend on its Christmas party – as well as donations from its staff – to the good causes.

The owner of two of Edinburgh’s most iconic hospitality venues, Prestonfield House Hotel and The Witchery, has secured £2.5 million in CBILS funding through Royal Bank of Scotland to support the businesses through the impact of coronavirus on the hospitality sector. James Thomson OBE&nbs

Richard Douglas-Home looks at proposed changes to the capital gains tax regime. The Office of Tax Simplification (OTS) is an independent office of the Treasury, set up in 2010 to provide advice to the government on simplifying the UK tax system. It will produce reports either on its own initiative o

Edinburgh-based drug delivery company Bio-Images Drug Delivery Limited (BDD), has positioned itself for rapid growth with a £1.2 million investment led by Archangels. The Archangels investment was supported by Scottish Enterprise and BioCity Investments.

Virgin Money, owner of Glasgow-based Clydesdale Bank, has announced a strategic partnership with Dundee-based app development company, Waracle, to support the development of its digital proposition for the new Virgin Money Business current account.