News

The Scottish Chief Financial Officer Awards have returned for a second year, celebrating the talent of finance leaders and their teams across Scotland. For the event Grant Thornton UK LLP has again teamed up with fellow founding sponsors Addleshaw Goddard, FWB and Barclays Corporate Banking.

UK inflation has remained flat at 2.2% in August, despite a significant surge in airfares. The Office for National Statistics (ONS) reported that lower fuel prices and slower increases in restaurant costs offset the rise in flight costs. This news comes as the Bank of England is expected to maintain

Construction Industry Scheme (CIS) contractors are becoming a target for the tax authorities with HMRC issuing letters to CIS contractors if records indicate that the correct deductions may not have been applied, a Scottish tax expert has warned. The letter prompts the contractor to verify the CIS t

Over a third (36%) of UK adults would set up a Junior ISA (JISA) on behalf of their grandchild, nephew, or niece if JISA rules were relaxed, Scottish Friendly has revealed. According to findings from Scottish Friendly’s Family Finance Tracker, as rules currently stand, JISA rules prohibit anyo

New rules from the Financial Conduct Authority (FCA) to protect access to cash have come into force and are already having a positive impact in local communities. Since the rules were confirmed in July, LINK, which manages the UK’s cash access and ATM network, has reassessed the needs of local

The Federation of Small Businesses (FSB) is celebrating its 50th anniversary with a debate in the Scottish Parliament, marking its half century of support and campaigning for small businesses. FSB was set up in September 1974, in response to unfair increases in national insurance for the self-employ

Project Harmless, an Edinburgh-based eco start-up, is among 14 new businesses announced today as ambassadors for the Start Up Loans programme, part of the British Business Bank. Founder George Greer received a loan from the Start Up Loans programme via its Business Support Partner, Virgin StartUp, i

Deloitte UK has revealed it is set to equalise parental leave, offering all new parents 26 weeks of fully-paid family leave from 1 January 2025. This policy replaces the previous four weeks of paternity leave at full pay. Additionally, the Big Four firm is introducing up to 12 weeks of extra paid le

More than half of Scottish businesses (57%) have experienced little to no impact from the Scottish Government's income tax policy, while 34% have felt the effects more sharply, according to the Fraser of Allander Institute. The institute's Scottish Business Monitor (SBM) for Q2 2024, conducted in Ma

Alliance Trust discusses the recent market shocks experienced during the August turbulence, which was marked by a sharp initial decline followed by a rebound. The Dundee-headquartered investment firm attributed the volatility to several factors, including worries about slowing economic growth in the

Glasgow-based marketing technology platform Triyit Ltd has secured an £850,000 investment, from the Investment Fund for Scotland (IFS), managed by Maven Capital Partners and delivered by the British Business Bank, as part of a £1.1 million funding round. Triyit connects fast moving consu

A manufacturer and supplier of toilet cubicles has laid out plans to double the scale of its commercial operation thanks, in part, to a surge in demand for single-sex toilet facilities. Glasgow-based Rearo, which provides toilet cubicles and washroom facilities, has announced plans to achieve 100% g

A major divide in new construction investment has opened between Scotland and the rest of Britain, according to a new report by Barbour ABI and the Construction Products Association (CPA).

Springfield Properties has returned to paying dividends earlier than expected as a result of its focus on debt reduction over the past year and its confidence in a recovering sales market. Announcing its FY24 results to 31 May, the group confirmed it is on track to report results for FY25 in line wi

British restaurateur, author and TV personality Nisha Katona MBE and former first minister, Lord McConnell of Glenscorrodale, will be among the guest speakers at CMS Scotland’s business conference next month. Hosted by broadcaster Kirsty Wark, CMS’s annual On Point conference takes place