News

The Financial Reporting Council (FRC) ) has issued imposed non-financial sanctions on KPMG in relation to the statutory audits of the financial statements of Foresight 4 VCT plc. The sanctions have been imposed for the KPMG's audits of the company for the 2012/2013, 2013/2014 and 2014/2015 financial

The Scottish Government has published the results of the consultation on the replacement for European Structural and Investment Funds (ESIF). Scotland has been a major beneficiary of the ESIF since 1975 with an estimated investment of £4 billion between 1975 and 2006, and a further £820

Overall secondary offerings have reached £14.7 billion across 135 transactions in the UK for the year to date, according to new analysis from Deloitte. A secondary offering refers to the sale of shares in a listed company occurring after a company's IPO, with the transaction taking p

Investment bankers in Paris have become the latest to join the post-lockdown cycling craze in the city, as USA bank Morgan Stanley has given bikes to 45 of its staff to use on company business.

Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint administrators of Kast Retail Limited, which is the loss-making standalone division of the fashion retailer Quiz. The two were appointed joint administrators by the company's directors on June 10.

JBS Fabrication Ltd, an Aberdeenshire company providing engineering solutions to the energy sector, has secured vital funds to navigate the coronavirus lockdown and recovery, thanks to a £1.2 million Coronavirus Business Interruption Loan (CBIL) from Barclays.

Dundee & Angus Chamber of Commerce has launched a new business funding matching tool to revolutionise access to finance for businesses across the region. The new Chamber Finance Finder will allow member businesses fast and simple access to all funding options across loans, equity and grants &nda

West Calder-based Mulholland Plant Services has kept moving during the current crisis after securing financial support from Bank of Scotland.

Matthew Currie, dispute resolution associate at Scottish law firm Jones Whyte, breaks down and reviews the moratoriums under the Corporate Insolvency and Governance Bill 2020, the latest new piece of legislation to come about as a result of the Coronavirus crisis. The government has introduced a new

The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business a total of £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

Savills Scottish rural agency team has revealed that Kildrummy Estate in Aberdeenshire has successfully been sold.  The sale of the holding company, at offers of over £11 million, generated a significant level of interest and attracted viewers from the UK and abroad. 

Sixth form girls at Auchinleck Academy have beaten off stiff competition to scoop first place in the inaugural Growing Future Assets Competition. Pitching Illumina Inc, a cutting edge medical device company, the girls demonstrated innovative, strategic and analytical thinking, when presenting their

Estate agents Knight Frank has announced seven new promotions across its commercial operations in Edinburgh and Glasgow. Three senior promotions have been made in the valuations team, with Neil Kirk made partner in Edinburgh, while Matthew Aitchison and David Findlay – based in the Scottish ca

The Royal Bank of Scotland and NatWest Markets (NWM) have announced a trio of appointments to its executive management team and board, with Robert Begbie being appointed as the lender's chief executive officer, David King appointed as chief financial officer and Donal Quaid appointed as treasurer. M

The UK economy is beginning to show slow signs of recovery after lockdown measures have been eased in the UK, according to the Bank of England (BoE) governor Andrew Bailey.