News

The average UK small business has seen its basic costs soar by 3.2 per cent in the last year, according to Barclays’ Small Business Cost Index (SBCI), which has revealed the impact of rising inflation on UK SME businesses.

Ed Molyneux FreeAgent, the Edinburgh-based provider of cloud-based Software-as-a-Service (“SaaS”) accounting software solutions, has reported revenue of £8 million for the year ending March 2017.

Barack Obama President Barack Obama is to address philanthropy and business leaders at a dinner in Edinburgh on 26th May at the EICC.

Bertie Hunt (Chair, Y People), Derek May (CEO, Brightwork) and Joe Connolly (CEO, Y People) One of Glasgow’s oldest charities has continued a period of development and growth with the addition of accountant and CEO of Scotland-wide recruitment business, Brightwork, Derek May, to its board.

Debbie Crosbie CYBG, the owner of Glasgow-based Clydesdale Bank has announced plans to open a lab in one of London’s wealthiest districts to allow customers to have a direct input in the future products it offers and technologies it develops.

Lloyds Bank has announced that 24 branches of the Bank of Scotland are among 100 locations that it plans to close between July and October this year.

From today employers in Scotland with a wage bill of more than £3 million will start to pay the UK Government’s new Apprenticeship Levy.

Steve Davies A new PwC report has revealed that 61 per cent of UK financial services industry leaders believe they could lose as much as 40 per cent of their revenue to standalone FinTech firms, compared to 51 per cent of financial services leaders globally.

Chas Roy-Chowdhury As Scotland embarks upon a new era of devolved tax powers, the Association of Chartered Certified Accountants (ACCA) has warned that maintaining simplicity must be the main priority for Holyrood.

Claire Middlebrook Business recovery specialist Claire Middlebrook has been installed as provisional liquidator at Fithandel in Bridge of Don.

Emma Boffey A ruling made last month by the Court of Session shows that betting does not always pay, even when the outcome you wagered on is realised, writes Emma Boffey of CMS

Left to right: Graeme Cairns (Team Leader), apprentices Luis Guarin, Abigail Harkness, Kieran Kerr and Demi Wardrop, as well as Arlene Stewart (Senior Operations Manager). AXA Business Insurance has been named Employer of the Month by Developing the Young Workforce Glasgow.

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell from £137 billion at the end of February to £133 billion on 31 March 2017, according to Mercer’s Pensions Risk Survey.

Royal Bank of Scotland’s plan to avert the need to sell-off its Williams & Glyn business, as per the EU-imposed conditions of its £45 billion taxpayer bailout, is to be probed by the European Commission.

The output of the Scottish economy contracted by 0.2 per cent during the fourth quarter of 2016, according to statistics announced today by Scotland’s Chief Statistician.