News

KPMG has appointed Philippa Sanderson as its new associate partner to lead its private enterprise tax team in Central Scotland. Based in Edinburgh, Ms Sanderson joins the Scottish practice from KPMG’s North Region where she previously led the firm’s Sheffield office.

BDO, which is the second-largest auditor of listed companies in the UK, has been fined £160,000 and reprimanded over its audit of international insurer AmTrust Europe Limited. The Financial Reporting Council (FRC) said the fined related to BDO's unintentional rule breaches relating to failures

In light of the difficult trading situation amid the COVID-19 pandemic, Dundee-based restructuring and insolvency specialists Dunedin Advisory details how business debt arrangement schemes can help firms through these times. Dunedin Advisory has said it may be necessary for firms to consid

Virgin Money, owner of Glasgow-based Clydesdale Bank, has allocated an extra £42 million to cover potential losses from an increase in bad loans as the bank braces for the economic fallout from the coronavirus crisis. The allocation of funds, revealed in the lender's third-quarter results, are

Murray Income Trust plc (MUT), a fund managed by Aberdeen Standard Investments, is to double in size to over £1 billion. The board of the £580.9 million fund have agreed head of terms for a combination of the company with the assets of the £642.2 million Perpetual Income and Growth

The number of insolvencies in Scotland dropped by around 10% during lockdown, according to the BBC Shared Data Unit.

Helen Foord, founder of ELE Global, details the financial implications of running a virtual team. COVID-19 has brought the world to a halt, ensuring that without warning, all but the most essential businesses have had to shutter physical locations and close down offices. Complete re-evaluations into

Forres-based Maclean’s Highland Bakery has received a £28,711 grant from Highlands and Islands Enterprise (HIE) to help advance its expansion project focused on growing UK wholesale and international markets. The bakery will also use the funding to invest in new equipment and make effici

Retailers in Scotland lost almost £2 billion in sales during lockdown, according to the latest data from the Scottish Retail Consortium (SRC).

Alan McIntosh calls for an extension to emergency laws aimed at helping Scots who are struggling financially in the midst of the pandemic. As Scotland enters phase 3 of the route map to exit the lockdown, there is a danger of being seduced into believing the Scottish economy will bounce back an

Barclays has taken a £1.6 billion hit from the coronavirus pandemic in the second quarter of this year. The lender posted pre-tax profits of £1.27 billion in the first half of the year, marking a decrease from the £3bn reported the year before.

Scotland’s GDP is confirmed to have fallen by 2.5% during the first quarter of 2020, according to statistics announced today by Scotland's chief statistician.

According to a new poll from The Chartered Governance Institute and governance recruitment specialist The Core Partnership, 52% of respondents will continue to work remotely for the next few months.

A woman has decided to raffle off her house and car for just £1 per ticket.

During the three months of lockdown, Virgin Money, the owner of Clydesdale Bank, saw a near six per cent rise in business lending. On the other hand, personal lending at the bank dropped by 2.7% to £5.2bn, which Virgin Money said was primarily due to lower credit card balances.