News

The Co-operative Bank has announced that it will be cutting 350 jobs and close 18 branches in England.  The lender has pointed to the current economic uncertainty and the increasing shift towards online banking as the reason for the cuts. 

Finance secretary Kate Forbes has welcomed recommendations for developing a world-class technology sector in Scotland. Recognising the sector’s potential for innovation and high growth, a report from entrepreneur Mark Logan outlines ways of creating more jobs, increasing investment in Scottish

Facebook has paid €100 million to the French tax office.  The payment includes a tax adjustment relating to Facebook's profits between 2009 and 2018, but also a €22m penalty for the social media giant's failure to settle sooner, according to French media reports.

Edinburgh-based accountancy firm Chiene + Tait (C+T) has launched a new online video series today, with the help of some high-profile figures in business and economics, to support Scottish business in a post-pandemic environment. The Future Of…  series, presented by the firm&rs

Alan Hamilton, corporate finance director at Johnston Carmichael, has called on businesses to review their funding requirements ahead of a “perfect storm” of liquidity challenges, as government support for businesses adversely impacted by COVID-19 starts to unwind. The government-ba

Zumo, the Edinburgh-based cryptocurrency wallet and exchange platform, has today announced the launch of its first crowdfunding campaign with Seedrs in its bid to bring the benefits of cryptocurrencies to the mass market. The campaign is now live and accessible via the Seedrs website. It allows user

Strong and clear leadership is key to the transformative success of digital in the workplace, according to the latest report from The Association of Chartered Certified Accountants (ACCA) which reveals the challenges and opportunities faced by organisations during the pandemic. Data and digital tran

Duncan Milne warns employers over claims arising from the pandemic. An increase in whistleblowing claims over the coming months is inevitable. There are two main reasons for this. Firstly, according to HM Revenue and Customs (HMRC), the furlough fraud reports are now sitting at around 8,000. This fi

Aberdeen-based drinks company Boozy Events has successfully expanded its business into 15 countries during lockdown after receiving support from Business Gateway.   Launched in April 2018, Boozy Events is a bespoke drinks firm, specialising in cocktail making classes and pop-up cocktail ba

Worries are increasing at the UK's digital banks as the Bank of England sets a deadline for profitability.

An £100 million investment into Moray’s future prosperity was given the seal of approval by UK and Scottish governments today.

Significant easing of lockdown restrictions across the UK in July pushed non-essential spending back to levels seen a year ago, according to the latest spending data from Lloyds Bank.

More than half (57%) of children across the UK think they should be given an allowance up until their first job, according to the latest research from Halifax. 

A six-year-old boy has bought a £19,000 monster truck on eBay.

Big Four accountancy firm PwC has delayed the publication of its full-year results until next year so that it can delay a decision about the size of its staff bonuses and partner profit distributions. PwC UK usually posts its financial statements for the year to the end of June, alongside its p