News

The Financial Reporting Council (FRC) has published a new Audit Firm Governance Code for the Big Four audit firms and firms that audit FTSE-350 companies and significant numbers of public interest entities (PIEs). The new Code is a result of the findings of a monitoring programme undertaken by the F

The Financial Reporting Council (FRC) has launched a consultation to take responsibility for the registration of auditors of public interest entities (PIEs) from the recognised supervisory bodies (RSBs). The proposal will bolster the FRC’s supervisory toolkit and enable it to become increasing

Increasing pressure is mounting on Scottish businesses as the cost-of-doing-business crisis hits the bottom line, according to the latest findings from a Scottish business survey from the Scottish Chambers of Commerce (SCC).

abrdn Asia Focus plc, a company managed by abrdn, has confirmed its half-yearly results for the six months ended 31 January 2022, revealing a strong performance over the period. Net asset value (NAV) total return was +0.6%, ahead of the recently adopted MSCI AC Asia ex-Japan Small Cap Index return o

New buyer enquiries in Scotland’s housing market are not yet translating into increased sales activity due to the lack of supply of properties to the market, according to the latest RICS Residential Market Survey. A net balance of 29% of respondents in Scotland said that there was an increase

Just over a quarter of savers surveyed (26%), who have a workplace pension, think that their current amount of pension saving will not be enough to get by on when it comes time to retire, a Pensions and Lifetime Savings Association (PLSA) survey has heard. With UK households feeling the pinch off th

Plans to introduce a new levy dubbed the “Amazon tax” on digital retailers and block the construction of new retail parks have been revealed as part of a programme to boost Scotland’s town centres.

Family-run jeweller Laings has signed a 15-year lease to take over Rowan House, the landmark B-listed building on Glasgow’s Buchanan Street.

Eight people have been arrested on suspicion of stealing an 18-metre bridge in broad daylight. Posing as government officials, the alleged thieves spent two days dismantling the 50-year-old iron bridge in a village in the eastern Indian state of Bihar, NDTV reports.

Accountancy firm Hall Morrice has appointed Derek Petrie – known to all as Des – as a partner. Des takes up the role of partner from his position as audit and accounts and business advisory director. The promotion is part of the Hall Morrice long-term strategy to grow its client base, co

In a new article, Terra Firma's Michael Howlin QC considers the recent case of Plumbing Pensions (UK) Limited, Petitioner [2022] CSIH 9, which turned on the manner in which the corporate trustee of a large pension scheme dealt with Section 75 of the Pensions Act 1995 and whether that impacted the av

Household saving is expected to fall by 71% year-on-year to an average of £26 a week in the second quarter of 2022, as inflationary pressures drastically reduce families’ ability to save. A new study by Scottish Friendly and the Centre for Economics and Business Research (Cebr) estimates

Thousands of pounds have been awarded to local community groups in Aberdeen for projects that aim to improve the mental health of young people.

Insurance broker Bruce Stevenson is set to launch its fifth office in Scotland, with a new office opening in Perth, while Graeme Christie has joined the firm from Marsh Commercial as commercial Director, and Ian H Smith has been appointed education sector director. The expansion in Scotland follows

Minister for business, tourism, trade and enterprise Ivan McKee yesterday took part in a series of engagements and visits in Inverness, including a roundtable with business leaders, to discuss how businesses can be supported and how best to deliver on the aims of the National Strategy for Economic T