News

Edinburgh-based financial services company Nucleus Financial Group has posted positive results in its Q4 2019 Assets Under Administration (AUA) update. In the three months to 31 December 2019, Nucleus has seen its AUA increased by 16.3% to reach £16.1 billion. This is a 2.8% increase over the

Aberdeen-based Infinity Partnership has been recognised for recent successes with two members of its team shortlisted for a UK accountancy award. Simon Cowie and Greg Houston will battle it out for Accountancy Professional of the Year on Tuesday, February 11 at the 2020 IRIS Customer Awards. Three a

Dave Philp, head of R&D tax at accountancy firm Chiene + Tait, urges business to prepare for a research and development (R&D) tax relief crackdown. R&D (research and development) tax relief, introduced in 2000 to encourage more company investment into innovation, is more popular than eve

Dundee accountancy firm owner Furqan Baig has been appointed vice-president for Scotland of the UK Asian Business Council (UKABC). The UKABC assists businesses to make deals internationally.

As the UK enters the Brexit transition period, Susie Walker, head of tax at Johnston Carmichael, urges businesses to be prepared for leaving the EU without a trade deal. Even though the UK is now officially entering the 11-month transition period, there is no guarantee that a comprehensive trade dea

Johnnie Walker owner Diageo has reported a decline in sales of Scotch Whisky.

A total of 24 jobs have been saved at Glasgow creative agency Fore as Asim Sarwar of German Doner Kebab and former Bentley executive Michael Speh took majority stakes in the new business with Fore directors. Fore will be renamed Galactic Media with Fore directors Stuart Stott and Neil Winston holdin

Business confidence in Scotland fell 15 points during January to -4%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their business prospects at -2%. When taken alongside their views of the economy, this gives a

Luxury car maker Aston Martin has announced plans to raise £500 million in emergency funding.

The United Kingdom ranked second globally (and number one in Europe) for the $4.9 billion of investment provided to the fintech industry, according to a new report by Innovate Finance.

The Financial Conduct Authority (FCA) has issued information for firms during the Brexit implementation period. The authority said that during the implementation period of the UK's withdrawal from the EU today, which is due to last until 31st December 2020, EU law will continue to apply.

A Japanese single malt whisky is to go on sale for 3 million yen per bottle - the equivalent of £21,000.

Aberdeen-headquartered global payroll specialist activpayroll has secured investment from Tenzing Private Equity. The amount invested my Tenzing remains undisclosed.

Despite anticipations of a rate cut, the Bank of England has not cut its interest rates, holding the rate at 0.75%. The bank announced today that its Monetary Policy Committee has voted by a majority of 7-2 to maintain the rate.

Lloyds Banking Group will be closing 56 more branches across the UK this year, with 15 Bank of Scotland branches to close in Scotland.