News

The Financial Reporting Council (FRC) has issued Amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions beyond 30 June 2021. These amendments extend the application of requirements that cover the accounting treatment of temporary rent concessions occurring as a direct consequenc

A new investment programme to help deliver Scotland’s just transition to a net-zero emissions economy has been launched by the Scottish Government. The Green Growth Accelerator will speed up the delivery of low carbon infrastructure projects across Scotland and provide extra resources and tech

An elderly former nun it set to plead guilty to stealing $835,000 from a Catholic school in California to feed her gambling habit, according to US prosecutors. Despite taking a vow of poverty at 18 years old and spending sixty years in the church, Sister Mary Margaret Kreuper, 79, has admitted to em

Aberdeen-based global logistics firm Grampian Continental is on the move to a new HQ, thanks to a £1.4 million funding boost from the Royal Bank of Scotland.

Mike Rutterford, the co-founder of Edinburgh-based investment syndicate Archangels, has been awarded the Lifetime Achievement Award at the UKBAA Angel Investment Awards. Mr Rutterford is a serial entrepreneur with a 40-year career as a business angel and in property investment. Educated in Edinburgh

Sandy Begbie, CEO of Scottish Financial Enterprise, discusses the challenges faced by the financial services sector. Over the last decade, the financial services sector has faced many challenges. From the reputational damage of the 2008 financial crisis through to adapting to a new post-Brexit tradi

The Scottish Building Society (SBS) has embarked on a partnership with European climate change analysts Ambiental to assess flood risks in more than £400 million of mortgages. The modelling work draws on Ambiental’s predictive analytics, machine learning and expertise to foreca

Baillie Gifford UK Growth Trust plc has posted strong results for the year ended April 30 2021 with Net Asset Value (NAV) per share reaching 37.7% compared to a total return of 25.9% for the FTSE All-Share Index. The company's share price total return for the same period was 53.7%

Aberdeen-based allergen and food safety technology developer LiberEat is embarking on a £1 million fundraising drive to grow its volume of users and further enhance its offering to app users and clients in the food sector. The company has already secured the support of partners such as the Veg

Scottish savers have more money in their ISAs than their UK counterparts, according to new figures from HMRC. According to the data, there are 1.4 million Scottish adults with ISAs with an average holding of £29,861, higher than all other countries in UK. However, fewer of them use the tax-eff

The Aberdeen Japan Investment Trust, a fund managed by Aberdeen Standard Investments (ASI), has seen its Net Asset Value (NAV) total return increase by 33.5% for the year ended 31 March 2021. This compares favourably against the company’s benchmark, outperforming the Topix, which returned

A three-year strategy to help in the recovery of the tourism industry in Caithness and Sutherland has secured £365,000 investment from Highlands and Islands Enterprise (HIE). Destination management organisation (DMO), Venture North, is leading the project, which will create the equivalent of t

Henry Boot's land promotion business Hallam Land Management (HLM) has completed the sale of 116 plots on the edge of Edinburgh to Barratt Developments at a total price of £2.6 million.

Business founders across Scotland have until midnight on Friday (11 June) to put themselves forward for this year's Great British Entrepreneur Awards. The Great British Entrepreneur Awards, in partnership with Starling Bank, acknowledges and champions the hard work and inspiring stories of entrepren

Researchers based in Scotland and Europe can apply to a new £3 million scheme aimed at repairing research links with the EU following the damaging impact of Brexit. Hundreds of European research and innovation projects are expected to benefit from the Scottish Government’s Saltire Resear