News

Accountancy firm BDO is to pay its partners an average of £518,000 each, despite receiving furlough money at the start of the coronavirus pandemic. The firm revealed that the annual payout to its 264 partners reached £137 million and that it has decided to retain the furlough money it re

Edinburgh-based financial services company Nucleus Financial Group has announced the completion of certain assets of OpenWealth. Last month, Scottish Financial News reported that Nucleus had agreed to purchase the assets of OpenWealth for £1.5 million.

Mark Hallan, director of global investment at Scottish Enterprise, discusses why the financial services are key to attracting inward investment to Scotland. Scotland is an extraordinary proposition for global companies to invest in.

The Supreme Court has approved a £14 billion court case against credit card giant Mastercard. The court ruled that the Competition Appeal Tribunal (CAT) must reconsider the class action against Mastercard which it previously threw out.

Local shops and businesses are on a ‘cliff edge’ with one in 10 (11%) facing permanent closure without a successful trading period this Christmas, according to new research by small business insurer Simply Business.

Lloyds Banking Group has urged Scotland to take a local approach to its economic recovery from the coronavirus pandemic. The bank has unveiled its new report, The Big Conversation: Helping Britain Recover, which harnesses insights gathered from business leaders, policy-makers, and community leaders

Renewed household and government spending will drive the UK’s economic recovery in 2021, but a more cautious revival in business investment means it will be the end of 2022 before GDP returns to pre-pandemic levels, according to the Confederation of British Industry (CBI).

A new campaign against loan sharks has been launched to crack down on lenders who are moving online to prey on Scots.

Cambuslang-based Grays Dental Practice has agreed a partnership with Scotland’s largest dental group Clyde Munro Dental Group.

Fairways Business Park in Livingston is close to full occupation with five lettings concluded in 2020, defying tough market conditions experienced by office landlords with people working from home. November has seen health and home care services company Lucerne Scotland secure the 2,889 sq ft first

A £55 million emergency sports funding package to tackle lost ticket revenue during the pandemic has been announced by sports minister Joe FitzPatrick. The funding will comprise grants and low-interest loans, including £30m for Scottish Football at all levels of the game.

The Financial Conduct Authority (FCA) has confirmed proposals to permanently ban the mass-marketing of speculative illiquid securities - including speculative mini-bonds - to retail investors. A temporary ban was introduced without consultation in January following serious concerns that speculative

The Financial Reporting Council (FRC) has today announced its corporate reporting and audit quality review programme for 2021/22 alongside its priority sectors for review. The FRC’s Corporate Reporting Review team will supplement its routine reviews of corporate reporting with five thematic re

The Cash by Cash App has launched its own clothing line in its latest attempt to convert the app into a lifestyle brand.

Two Scottish men involved in creating false invoices as part of a £45,000 tax fraud have been sentenced. David Paterson of Scone collaborated with his accountant Kevin Sinclair of Kirkintilloch to reclaim VAT they weren’t due, an HM Revenue and Customs (HMRC) investigation revealed.