News

Alex Metcalfe, head of public sector policy in the professional insights team at the Association of Chartered Certified Accountants (ACCA) has taken on a wide-ranging role at the global professional accountancy body, becoming its global head of public sector. The new role involves leading on ACCA&rs

The Financial Conduct Authority (FCA) has today published the findings of a review into relending by firms that offer high-cost credit. The review, which was completed prior to the coronavirus pandemic, highlights concerns about poor practices by some firms and notes that nearly half of consume

A mother who allegedly dug a ten-metre-long, three-metre-tall tunnel in a bid to break her son out of prison has been arrested.

Aberdeen-based chartered accountancy firm Hall Morrice has appointed David Ewen as its new audit and accounts senior manager. David Ewen, who initially trained with Hall Morrice, will re-join the team after a ten-year period working in the industry in a variety of roles.

Renfrewshire-based clothing firm M&Co has appointed Deloitte as its administrators as it announced that it will be cutting almost 400 jobs. M&Co has been put into administration with Deloitte appointed as administrators. The firm's assets were immediately bought back by the family which had

Gordon MacLure, restructuring partner at Johnston Carmichael, details the steps businesses can take now to get some breathing space as the HMRC's preferential creditor status has now been restored. The HMRC’s secondary preferential creditor status was restored on 22 July 2020 when the Finance

HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC’s API platform, according to chart

Cadogan Street in Glasgow’s International Financial Services District (IFSD) is to receive at least £1 million of public realm improvements after it was revealed that investors are being put off by the street's poor condition. It is hoped that work will start in autumn this year and will

Two Glasgow pubs have received £1 million in funding from Heineken, enabling them to make vital refurbishments which will allow them to emerge from the coronavirus pandemic in a stronger position. The Princess in Riddrie and The Drum in Shettleston have revamped their interiors and are looking

Whisky giant Diageo, which owns Guinness and Johnnie Walker, has seen its half-year profits almost halve to £2.1 billion in the year to June 30 as the firm has hit by the closure of pubs and restaurants in the wake of the coronavirus pandemic. The firm's shares dropped by 5.9% t

A round-up of business news from across Scotland featuring: CleanTEC's £20,000 premises investment, The opening of this year's Business Women Scotland Business Awards, Complete Weed Control's new jobs and lucrative contract wins, VeriCall's lease agreement with Fife Council and 

Gold prices broke through $2,000 an ounce for the first time yesterday as investors continued to seek a safe haven amid doubts over the dollar. 

Graham Newton and Ryan Grant of BDO LLP have been appointed joint administrators of Dave Whelan Sports Limited (DW Sports). DW Sports currently operates 73 gym and 50 retail sites in the UK, 25 of the stores have already closed prior to the firm's administration.

UK new car registrations rose for the first time this year as pent-up demand from the coronavirus lockdown helps to lift the market, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).

The Financial Conduct Authority (FCA) is consulting on proposals to reduce the potential for harm to investors from the liquidity mismatch in open-ended property funds. The new rules as proposed would require investors to give notice – potentially of up to 180 days - before their investment is