News

Bill Michael, the chairman of KPMG UK, has stepped down while the firm investigates “alleged comments” he is said to have made during an online meeting with staff. Yesterday, Scottish Financial News reported that Mr Michael apologised after receiving backlash for allegedly telling s

A year on year fall of 54% in the number of personal insolvencies in Scotland (bankruptcies and protected deeds) due to the introduction of emergency legislation in April 2020 is to be welcomed but is likely to be short-lived, Blair Milne, a restructuring and insolvency expert with Azets has warned.

The Scottish housing market began 2021 on a weaker footing, despite the sector being allowed to remain open during the current lockdown, with Scottish surveyors reporting activity lower than in December, according to the January 2021 Residential Market Survey from RICS.

Gordon Dean, partner at law firm Balfour+Manson, discusses the impact of an increase in authorised push payment (APP) fraud in recent years. There has been a huge rise in “authorised push payment” or “APP” fraud over recent years. The amounts involved in these scams can be si

Scotland’s scale-up – or fast-growth - businesses finished 2020 on a buoyant, optimistic note, with almost £100 million in Venture Capital (VC) investment, according to the latest figures from KPMG. Despite COVID related restrictions hitting the economy hard, the latest KPMG Ventur

The latest Business Distress Index from Begbies Traynor has revealed the number of UK SMEs in significant distress now stands at 620,000 an increase of 76,000 in Q4 2020, putting 2.8 million jobs under threat.

Privately-owned contractor GRAHAM has signed a multi-million contract with management consultants Solutino Pte Ltd (design and build contract with 6AQ Development Ltd), revamping a prime office building located in Glasgow’s International Financial Services District (IFSD).

Suzanne Sosna, interim director for global trade at Scottish Enterprise, outlines how the organisation is supporting Scottish companies following the end of the EU transition period. COVID-19 has changed everything; how we work, how and what we buy, who we spend time with, how we communicate, how we

Amsterdam has replaced London as Europe’s largest share trading centre last month, the Financial Times reports, as the Netherlands secured business lost by the UK since Brexit.

Mackie's of Scotland has experienced a 37% growth in ice cream sales throughout 2020, leading to a total UK-market share of an estimated 6% in all major retailers.

Codeplay Software, the Edinburgh-based Artificial Intelligence (AI) firm and machine learning technology developer, has agreed a landmark deal with the US government to enable its next-generation supercomputer. Codeplay’s contract with The National Energy Research Scientific Computing Center (

There are now 27.7 million adults in the UK with characteristics of vulnerability such as poor health, low financial resilience or recent negative life events in light of the coronavirus pandemic, according to the Financial Conduct Authority's (FCA) latest Financial Lives survey (FLS). The survey lo

A £70 million investment in economic growth for Argyll and Bute was agreed today with the formal signing of the area’s rural growth deal. The rural growth deal (RGD) brings together £25m each from the Scottish and UK Governments, and at least £20m via Argyll and Bute Council

Bitcoin uses more electricity annually than the whole of Argentina, according to an analysis by Cambridge University.

Bill Michael, the chairman of KPMG UK, has apologised after receiving public backlash for telling staff to "stop moaning" about working conditions during the coronavirus pandemic. In a virtual meeting with his team, Mr Michael was told about concerns over potential pay, pension and bonus cuts, the F