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Big Four audit firm Deloitte has been slapped with a record £15 million fine by the Financial Conduct Authority (FCA) in connection with failures in its audit of Autonomy. The watchdog today announced sanctions against the firm and former partners Richard Knights and Nigel Mercer following ear

Social Investment Scotland (SIS) has reported record-breaking £10.9 million investment in social enterprises, community organisations, and mission-driven businesses over the past year. According to its latest Social Impact Report, SIS invested £4.36 million in social enterprises and comm

A new online life and legacy planning platform has been launched following an additional £600,000 investment from savings and investments businesses. Legado, based in Edinburgh, launched today following the significant financial backing from Prudential and FNZ.

Adam Hardie, head of food and drink at Johnston Carmichael, considers the challenges as the food and drink sector returns to "normal". While the impact of the Covid-19 pandemic has proved devastating for many sectors, small, local food and drink suppliers have been on the right side of an unpreceden

Six entrepreneurs from five Scottish businesses have made the shortlist as finalists competing for the prestigious EY Entrepreneur of the Year UK Award. The five Scottish businesses are among 25 selected as finalists across the UK.

The narrowest house in London, which is just over one-and-a-half metres wide in places, has been put up for sale for nearly £1 million.

A Scottish government report has estimated that extending the furlough scheme by eight months could save 61,000 jobs in Scotland. The new research estimates that the direct cost of extending the furlough scheme in Scotland to June is around £850 million, but the wider economic benefits, s

The Scottish economy contracted by 19.4 per cent in the second quarter of 2020 as the COVID-19 pandemic swept the country, new figures show. Economy Secretary Fiona Hyslop said the figures, which reveal a 21.1 per cent contraction over the year compared to Q2 2019, show the "extremely serious impact

The High Court in London has handed down judgment in a test case concerning how business interruption insurance policies should be interpreted during COVID-19. The court found in favour of the arguments advanced for policyholders by the Financial Conduct Authority on the majority of the key issues.

MHA Henderson Loggie has welcomed 11 new recruits to its trainee programme. Graduates Claire Don, Ewan Shiels, Euan Woodley and Adam Graham will join school-leavers Colette Swinley, Archie Williams and Wallis Lynch as trainee chartered accountants in the firm’s audit departments in Dundee

Scottish retail is showing no return to growth as recovery stalls and sales continue to show a similar level of decline as that seen in July, according to latest figures. A report by the Scottish Retail Consortium (SRC) and KPMG LLP has shown that total sales in August this year decreased by 7.

The UK government's Eat Out to Help Out scheme contributed to a "sharp fall in prices", experts have said after it was revealed inflation fell to a five-year low last month. Consumer price inflation across the UK fell from one per cent in July to just 0.2 per cent in August, the Office for National

A 90-year-old woman who failed to pay mere pennies in tax nearly lost her home after it was put up for auction by tax authorities.

Edinburgh-based tech firm MRM Global has secured £2.6 million of funding from BGF to help fuel the company's international growth. The investment will be used to fund further international growth with a focus on expanding MRM’s presence in North America where the business is seeing stron

Global energy investment firm Quinbrook Infrastructure Partners has acquired Edinburgh-based power demand response company Flexitricity.  Quinbrook, which develops and operates lower carbon and renewable energy infrastructure in the US, UK and Australia acquired the company from Swiss multinati