News



Shale aggregate extractors lose appeal against payment to redress unlawful tax break

A company that benefited from unlawful tax exemptions and was ordered to pay over £1 million to HM Revenue and Customs has lost an appeal challenging a payment order made to that effect. 

Published 8 September 2020

Scotland’s pubs and bars face unprecedented challenges as 12.5k jobs could be lost

Up to 25% of the 50,000 jobs in Scotland's pubs and bars sector could be lost as businesses face unprecedented challenges in the wake of COVID-19, according to a new survey released by the Scottish Licensed Trade Association (SLTA) and sponsored by KPMG.

Published 8 September 2020

Furlough scheme fraud and error could cost £3.5bn, says HMRC

HM Revenue & Customs may have paid out up to £3.5 billion in furlough money on fraudulent or mistaken claims, it was revealed on Monday.

Published 8 September 2020

Iain Masterton: VAT’s a big No Deal issue

Iain Masterton, head of VAT at accountants Chiene + Tait, discusses the complications a No Deal Brexit will create for UK businesses. 

Published 8 September 2020

Nucleus Financial Group posts resilient half year results despite COVID-19

Edinburgh-based financial services company Nucleus Financial Group has posted strong interim financial results with a 0.7% increase in net revenue despite the uncertainty of the coronavirus pandemic. 

Published 8 September 2020

Fintech entrepreneur David Brown launches new financial services product

Hi55 Ventures, a company founded by Scottish fintech entrepreneur David Brown, has launched a new financial services product called Hi that is set to revolutionise company finance and how workers are paid.

Published 8 September 2020

CMS to stage online 'Future of Our High Streets' event

CMS will stage a free online event with leading retail and commercial figures addressing some of the key challenges facing the high street during the COVID-19 pandemic.

Published 8 September 2020

EIE20 launches Scottish Start Up survey

The team behind EIE20, Scotland’s premier technology investor event taking place virtually this year on October 14, has launched its annual Scottish Startup Survey.

Published 8 September 2020

More than a fifth of Edinburgh and Glasgow workforce employed in digital economy jobs

More than a fifth of the workforce in Edinburgh and Glasgow is now employed in digital technology, according to new data analysed by Tech Nation for the Government’s Digital Economy Council ahead of London Tech Week.

Published 8 September 2020

Shawbrook Bank announces Corporate National Charity Partner for 2021

Shawbrook Bank has chosen Mental Health UK as its Corporate National Charity Partner for 2021. 

Published 8 September 2020

And finally... twenty poond

Police have warned people across the UK to watch out for counterfeit banknotes thought to have originated in Scotland because they are marked "twenty poond".

Published 8 September 2020

Glasgow medtech company secures £2.4m in funding round

A Glasgow-based company which has led efforts to improve the early detection of cancer has secured £2.4 million in its latest funding round.

Published 7 September 2020

£50m government funding confirmed to sustain Edinburgh Biomes project

The Royal Botanic Garden Edinburgh (RBGE) has secured £50 million of funding from the Scottish Government for its Edinburgh Biomes project.

Published 7 September 2020

Glasgow developer secures overseas investment in luxury care home division

Simply UK, the Glasgow-based real estate developer, has secured a further €40 million investment funding package from a European investor to expand and develop its recently launched care home and retirement living division, branded as Morar Living.

Published 7 September 2020

Islanders warn of rising property prices akin to 'economic clearance'

Islanders in the Hebrides and Skye have written an open letter warning that rising property prices are preventing locals from buying a home.

Published 7 September 2020