News

The Financial Reporting Council (FRC) is preparing to tighten the governance code for Britain’s biggest audit firms in a move that will increase pressure on EY to split the roles held by its UK leader. Scottish Financial News reported yesterday that the FRC announced a consultation on pro

Cat MacLean, partner and head of dispute resolution at MBM Commercial, explores the judgment issued yesterday morning in Sekers v Clydesdale [2021] CSOH 89. Online fraud has been on the rise for many years. The advent of lockdown and working from home has seen the volume of attacks increase by one t

Work has commenced on a £4.5 million development that aims to attract high-profile businesses to the Ravenscraig regeneration site. A ceremony to mark the continuation of construction works was attended by Kate Forbes MSP, the cabinet secretary for finance and the economy; Cllr

Edinburgh-based brand and cultural destination specialists Studio MB have been appointed by Gordon & MacPhail to design its new distillery visitor experience in the Highlands.

This weekend, children from across Orkney will get their hands on ‘millions’ of pounds to make a climate change inspired piece of artwork for COP26. The Royal Bank of Scotland has donated paper confetti made from notes withdrawn from circulation for an art project at the Pier Arts Centre

The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, according to UK Finance. The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority following a public c

Scotland's engineering sector is on an upward curve for the second consecutive quarter, according to Scottish Engineering’s latest Quarterly Review. The review highlights that optimism, exports and staffing remain strongly positive for the second consecutive quarter since the pandemic started,

Social security expenditure in Scotland will total £5.2 billion in 2026-27, according to the Scottish Fiscal Commission’s latest forecast report published today. The amount spent is projected to increase by £1.5bn over the five years due to a variety of reasons including an increas

A petition demanding that all depictions of Wales' national animal, the Red Dragon, include an erect penis will be considered by Welsh legislators. The bizarre online petition has gathered enough signatures to be considered by the Welsh Parliament's petitions committee, Nation.Cymru reports.

Aberdeen-based financial advisory specialists Hutcheon Mearns has strengthened its team with a trio of appointments.  The move comes due to a growing demand for bespoke resource support from practice-trained accountants who can support short or long-term project requirements.

Glasgow-based Carmichael Homes has broken ground on a new sustainable 25-flat development in Edinburgh, thanks to seven-figure funding package from Bank of Scotland.

Souter Investments, the private equity focussed family investment office, has continued its deal-making during 2021 having completed three new investments. The firm has invested in sustainable fashion brand Celtic & Co, supported the merger of Climate Care and Natural Capital Partners and backed

Glasgow-based satellite manufacturing firm Alba Orbital has secured $3.4 million from the prestigious start-up accelerator program Y Combinator in Silicon Valley.

Alan Meek, partner and head of Morton Fraser's restructuring and insolvency team, discusses the intricacies of limited liability. Limited liability is one of the fundamental concepts in our understanding of company law.

Glasgow-based protective packaging supplier Macfarlane Group has seen its pre-tax profits more than double to £7.8 million. In the six months ended Juen 30, the firm's sales rose by 26.5% to £133.5m, compared to the same period in 2020. At the same time, operating profit before amortisat