News

Ofcom has fined O2 £10.5 million after customers leaving the mobile provider were overcharged, due to billing errors by the company. Ofcom’s rules require telecoms companies to provide customers with accurate bills and charges. In 2019, Ofcom opened an investigation into potential issues

Over the year 2020 as a whole, UK GDP contracted by 9.9%, marking the largest annual fall in UK GDP on record, according to the latest figures from the Office for National Statistics (ONS).

The Financial Reporting Council (FRC) has said it is on track to becoming a robust and independent regulator as it published its draft 2021/22 Strategy, Plan & Budget for consultation. The watchdog has said that the draft reflects its 'continued commitment' to serve the public interest whilst al

The UK Government has announced a £20 million SME Brexit Support Fund to support small and medium-sized businesses (SMEs) adjust to new customs, rules of origin, and VAT rules when trading with the EU.

Dräger Safety UK, part of The Dräger Group, an international leader in the fields of medical and safety technology, has announced the launch of Dräger Hire, a new UK-wide safety equipment rental service. The £2 million 2,000-item rental fleet will be operated from the firm&rsquo

Barclays Corporate Banking has announced the launch of a new Green Bonds Guarantees & Indemnities (BGIs) product, which will offer support to businesses trying to reduce their environmental impact as they conduct their day-to-day activities. The Green BGI focuses on tackling the challenges that

A further £17.5 million of emergency coronavirus funding has been allocated by the Scottish Government to support creative freelancers and the events sector. Of that, £8.5m will go towards the events sector – distributed through the Pivotal Event Businesses Fund and the Events Indu

Holyrood needs to define more clearly its scrutiny role in response to Brexit, according to a new report published today.

The Royal Mint has announced it has acquired a rare, 500-year-old Tudor, gold Sovereign which will go up for auction next month.

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.