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The Financial Reporting Council (FRC) has today announced a major shakeup of its oversight and supervisory functions to speed up the pace of enforcement investigations. The regulator is also broadening its stated purpose which is to serve the public interest by setting high standards of corporate go

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Colin Peter Dempster and Robert Hunter Kelly of EY have been appointed as joint administrators of the Livingston-based packaging company API Foils. The packaging factory, which makes foils and laminates, closed its doors on Friday with the loss of 107 jobs at the Livingston site.

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Cynergy Bank has opened its first Scottish office in Edinburgh with two former Royal Bank of Scotland employees joining the team. Kenny Stewart, director of property finance in Scotland, is an experienced banker who worked with Royal Bank of Scotland for over 30 years, where he led the structur

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William (Bill) Mann CBE, an accountant, businessman and philanthropist, has died at age 85. Mr Mann dedicated most of his life to good causes, these included charities and the arts, and in particular the sports sector, where he ran a successful campaign to abolish rates on sport facilities.

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The number of audit firms who quit their posts has increased by 21% over the last year, amid mounting pressure from regulators. The number of those resigning reached a total of 229 in the 12 months to September, from 190 the year before, new data from Thomson Reuters reveals.

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UK private equity (PE) deal volumes fell to their lowest levels in five years as economic and geopolitical uncertainty gripped the market, according to new research from KPMG. KPMG’s latest study of UK transactions involving private equity investors indicates that a total of 978 deals complete

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Edinburgh-headquartered global travel technology firm Criton has today announced it aims to raise a significant "seven-figure sum" in external investment later this year. The firm is targeting investment to develop its product offering and drive growth across international markets.

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