News

A man from West Sussex has raised almost £5,000 for homeless charity Turning Tides by drawing "rubbish" pictures of pets. 

The Institute of Directors (IoD) is urging the UK Government to reinstate a key insolvency protection for company directors to prevent a sharp rise in insolvencies as restrictions come into place across the country. Earlier this year, the government suspended ‘wrongful trading’ rules, un

The Designer Rooms, a Scottish-based furniture company, has secured an £850,000 CBILS funding package from Royal Bank of Scotland to support the family firm as it navigates the effects of the pandemic. With eight showrooms located throughout Glasgow and Ayrshire, The Designer Rooms is a o

More funding will be made available by the Scottish Government for businesses affected by the extension of temporary restrictions to slow the spread of coronavirus. The First Minister announced that the current temporary restrictions will remain in place until November 2. As a result, funding for bu

Glasgow accountant Elaine Boyd has been listed in the Shaw Trust Disability Power 100 after judges heard about her inspiring story fighting for the rights of disabled people and refusing to allow cerebral palsy to limit her life or her achievements. Ms Boyd, who is an associate director of Audit Sco

The accounting industry is turning to artificial intelligence (AI) to help to detect fraud and prevent further scandals.

KPMG is offloading its investor consultancy business Makinson Cowell to investment bank Lazard as the Big Four firm seeks to cull potential conflicts of interest between its auditing division and consulting work. Makinson Cowell is to move to Lazard at the start of December.

A round-up of business news from across Scotland featuring: Wolfcraig Distillery's new master blender, Thistly Cross' first cider liqueur, Ardbeg Distillery's new delivery service,  Shedman's donation to Glasgow's Rising Stars Nursery and Little Lies' sales boom.

More people (32%) are worried about the effect of COVID-19 on their income than losing a loved one (30%), according to a new report by Creditfix.

Finance secretary Kate Forbes has called on the UK Government to provide appropriate funding to support businesses and communities, the wider supply chain and individuals negatively impacted or forced to close due to lockdown restrictions. In a letter to Chancellor Rishi Sunak, Ms Forbes said any su

The Financial Conduct Authority (FCA) is urging consumers struggling to make repayments due to the impact of coronavirus to speak to their lenders about options available to them. The FCA has put in place a package of support for people in difficulty to ensure help is available after October 31.

Consumer price inflation rose back up to 0.5% in September having fallen to 0.2% in August from 1.0% in July, according to the latest figures from the Office for National Statistics (ONS). 

Banksy's Show me the Monet painting has sold for £7.5 million at auction.

Chartered accountancy and business firm Anderson Anderson & Brown LLP (AAB) has reported one of its biggest growth years on record for their audit services. Over the last year, new business wins total £800,000 from around 30 new clients, with 30% of these new wins have being secured in the

Edinburgh-based corporate finance firm Quest Corporate has launched a debt advisory unit to be headed up by recent hire Kevin Boyd. The unit has launched as many businesses across Scotland and the rest of the UK face increasing debt pressure over the coming months and into 2021.