News

A new monitor is being launched by the Scottish Government to help inform policy decisions to reduce Scotland’s vulnerability to future financial and environmental shocks, helping build a more prosperous, resilient, equal and sustainable economy. The Wellbeing Economy Monitor will complement t

The UK Government’s trading plan to sell part of its shareholding in Royal Bank of Scotland owner NatWest has been extended for another 12 months. A trading plan involves selling shares in the market through an appointed broker in an orderly way at market prices over the duration of the plan.

New measures to stop rip-off agents taking advantage of people and pocketing their tax repayments have been proposed by HMRC. HMRC today launched a 12-week consultation “Raising standards in tax advice: Protecting customers claiming tax repayments” to consider ways to better protect taxp

Stirling-based Power Circle, a social enterprise that supports individuals, organisations, and communities to establish smart, local energy systems, has secured £120,000 from the Catalyst Fund. The investment will allow Power Circle to grow its team and respond to the increasing demand fo

The Financial Reporting Council (FRC) has today published comprehensive professional judgement guidance for auditors to improve how they exercise professional judgement. Professional judgement is key to high quality audit, however the FRC regularly identifies poor professional judgement as one of th

National paper recycling company Shredall SDS Group is on track to hit a 60% increase in business at their Scottish bases since the introduction of the single use plastic ban which came into effect in June 2022.

The Financial Conduct Authority (FCA) is using data to tackle online fraud faster by scanning approximately 100,000 websites created every day to identify those that appear to be scams. Where the FCA identifies fraudulent websites, it is proactive in requesting the website host shut them down, thoug

Aberdeen-headquartered finance advisory specialists Hutcheon Mearns is opening a dedicated service hub in Norwich, offering its full services to East Anglia in response to increased demand for its finance people advisory and business advisory specialisms in the region. The continued national growth

Chris Wayne-Wills, CEO of Crerar Hotels, the privately owned five and four star hotel group in Scotland, has been appointed as the new chairman of UKHospitality Scotland. He takes over from Calum Ross, owner and proprietor of Loch Melfort Hotel in Argyll.

A new tax on table football has sparked an outcry from beach café owners in Italy.

Households across the UK spent 7.2% more in May on essentials, compared to the same time last year, while scaling back on non-essentials, as the increased cost of living continues to hit household spending. According to the latest Spending Power report from Bank of Scotland owner Lloyds Banking Grou

Barclays has agreed a £3 million credit facility with Loretto, Scotland’s oldest boarding school, to accelerate its long-term strategic growth plans.

National law firm Weightmans, which has an office in Glasgow, has announced its financial results for the 21/22 financial year as it awards £1.5 million in bonuses to its people. Total income increased by 5% to £103.2m. Net profit increased by 25% from £9m to £11.3m in the 12

Equity investment in Scotland’s smaller businesses reached record levels in 2021, with Edinburgh named as the largest UK hub for deal activity outside of London, according to the British Business Bank’s Small Business Equity Tracker. Published today, the research found a total of £

Glasgow-based UK property and private equity manager Maven Capital Partners has sold 111 Westerhill Road, Bishopbriggs, near Glasgow to a joint venture administered by M7, the specialist in Pan-European Real Estate, for £4.687 million, generating a 2.54x return for investors.