News

The number of store closures across Scotland’s high streets has fallen to its lowest level in the last six years, but the country’s most popular shopping areas are still seeing more than five stores per week close their doors. The performance in 2018 means there has been a net loss of mo

Debenhams' administration is simply the latest sign of longstanding problems within the retail sector, according to accountants and business advisers French Duncan LLP. Debenhams was this week taken over by its lenders as part of an administration process after the store chain rejected two last-ditc

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. The penalty is the second largest financial penalty for AML controls failings ever imposed by the FCA.

A third of accountants currently see AI as all or mostly hype, while nearly 60 per cent say that in three years’ time it will become a reality, according to global research amongst nearly 2,000 Association of Chartered Certified Accountants (ACCA) members in 111 countries. The findings ar

Audit, tax and consulting firm RSM has announced that it is again collaborating with Turing Fest on the NextGen Founders network, to bring Scottish tech startups, partners and investors together to connect and inspire. In advance of the first NextGen dinner of 2019, RSM welcomed eight founders

Revised plans for a crucial part of a massive regeneration of Ravenscraig have been approved by the Glasgow City Region councils. North Lanarkshire Council said the Ravenscraig Infrastructure Access (RIA) project will generate more than 6,500 jobs and around £360 million per year for the

New official data published today has revealed that the UK economy had a better-than-expected February as GDP grew 0.2 per cent month-on-month despite heightened Brexit uncertainties and weakened global growth. There was a marked lift to activity in February in the form of Brexit-fuelled stockpiling

In a year that saw the Beast from the East batter UK homes, insurance giant Aviva has today revealed that it also dealt with a range of unusual claims from its customers including damage caused by a hapless burglar who locked himself in a garden shed and a holidaying customer who had their mobile ph

Henderson Loggie has rebranded as MHA Henderson Loggie. MHA is the UK-wide network of accountancy and business advisory firms it co-founded in 2010.

A survey of the impact of the closure of all three bank branches in the South Lanarkshire town of Cambuslang has found that the effects have already been “intensely damaging" to its population. The survey was conducted for Cambuslang Community Council’s submission to the Scotti

Dundee-based accountancy firm EQ Accountants has announced three key promotions.

Debt charity StepChange has today released figures showing that almost 700,000 people in Scotland have problem debts or are at risk of having them, with thousands struggling with essential household bills – especially Council Tax. In its report, Scotland in the Red, published to

9 West, an Edinburgh-based investment firm has introduced the funding for an off market £55.2 million deal for a South Korean asset management business to acquire commercial property in Scotland. Robbie Moir from 9 West secured funding from Hyundai Asset Management Co. Ltd to purchase prime of

TSB is slashing the table-topping 5 per cent interest rate on its current account later this year. The bank has announced the annual rate of interest paid on the Classic Plus Current Account will change to 3 per cent on balances up to £1,500 from July.

Trading levels remain strong in the Scottish hotel market, according to a new report published today by accountancy and business advisory firm BDO. BDO’s Hotel Britain report, which analyses the performance of UK hotels, reveals the sector experienced another year of positive results in 2018 d