News

Airbnb UK has received a warning from HM Revenue and Customs (HMRC) that legal proceedings could be initiated against the company over "tax laws or regulations impacting the company's business".

Accountant in Bankruptcy (AiB) has released official statistics reporting personal and company insolvencies in Scotland for the second quarter (July to September 2019) of 2019-20.

Mactaggart & Mickel has reunited with Mactaggart Family & Partners to secure a £10 million acquisition of two commercial properties in Edinburgh’s New Town. The union sees the two companies, which were joined from 1925 until 1943 as Mactaggart & Mickel come back together to s

Chartered accountants Wylie & Bisset is urging small and medium-sized enterprises (SMEs) to consider what practical steps they can take now to make their business practices more environmentally sustainable to give them a competitive advantage ahead of the introduction of the proposed Circular Ec

Rubix UK, backed by private equity firm Advent International, has completed the acquisition of Peter Campbell Sales Ltd (PCS). PCS is a specialist supplier of metal cutting tools and offers bespoke manufactured solutions across Oil & Gas, Aerospace & Defence, Automotive and Precision Machini

Tata Steel subsidiary UK Steel Enterprise (UKSE) has provided a six-figure funding boost to furniture manufacturer Aquapac.  The Cumbernauld-based company, which specialises in the manufacturing of furniture products, plans to expand its design and engineering team by 50% to

Banking legend Vernon Hill is to step down as chairman of Metro Bank with immediate effect. Mr Hill will remain a non-executive director until 31 December 2019 and he has accepted the honorary position of Emeritus chairman. This honourary title recognises his contribution to Metro Bank over the year

Brodies LLP has launched a new mobile app to provide information about health and safety obligations for businesses and guidance to help deal with health and safety incidents. The app, Health & Safety by Brodies, features easy-to-use checklists, legal updates and handy guides to support users in

Three construction firms have been fined more than £36 million in total for breaking competition law in supplying certain concrete drainage products for building projects following an investigation by the Competition and Markets Authority (CMA).

The Vatican has launched the Click to Pray eRosary which is a wearable technology bracelet featuring a crucifix interface which tracks the user's worship.

The initiation of the phase-out of Clydesdale Bank (CYBG) to Virgin Money UK has resulted in a 6% increase in CYBG's shares. The rise follows the announcement made yesterday by CYBG that a "significant milestone" had been reached which marked the beginning of the rebranding of Clydesdale and Yo

Sir Brian Souter, the co-founder of Stagecoach Group, has donated £109 million to charity in what is possibly the largest charitable donation given by a Scottish person since those given by Andrew Carnegie. The money could be donated to an array of charities including the Tearfund, Chest Heart

The Scottish Investment Bank (SIB) has joined Maven Capital Partners in a £5.3 million funding round for e.fundamentals. The funding provided by the two will allow the E-commerce analytics firm to work towards expanding into overseas markets.

Aberdeen-based chartered accountancy practice Meston Reid & Co is supporting the career development of five students – two through the only programme of its kind in Scotland. The firm has accepted placement students from Robert Gordon University’s (RGU) accountancy and finance d

The Edinburgh Tax Network, the Institute of Chartered Accountants of Scotland, Chartered Institute of Taxation and Her Majesty's Revenue and Customs, with support from Terra Firma Chambers, will present a joint seminar and discussion on 24th October on the subject of ‘Exiting from Private/Fami