News

To support the delivery of high-quality audit in the UK, the Financial Reporting Council (FRC) has today issued a major revision to its Ethical Standard and revised Auditing Standards. The changes will help to strengthen auditor independence, prevent conflicts of interest and ensure the UK is seen a

Government and businesses are being urged to prepare for reskilling workers at risk from automation, with 45% of Scots feeling concerned at the prospect, compared to 38% across the UK, according to a new study by PwC. The study has found that most workers in Scotland believe quotas should be introdu

A prominent barrister has sold 7,000 bottles of wine from his private collection for £8 million at auction.

The success of Campbell Dallas’ pioneering apprentice and graduate trainee development programme has resulted in four long-serving staff being promoted to the partnership in the New Year. The promotions are effective 1st January 2020, and the new partner appointments are the first following a

Eversheds Sutherland has appointed Alastair Frood, a financial services and commercial litigator, as litigation & disputes partner. Mr Frood, who will join the global legal practice on 6 January 2020, has over 20 years’ experience, during which time he has built a reputation as a highly-ex

Anderson Strathern Asset Management, the financial planning and investment business wholly owned by Scottish legal firm Anderson Strathern LLP, has hired Graham Clark from Adam & Company as its new chief executive. Mr Clark was a director at Adam & Company and its head of financial planning.

Aberdeen-based mechanical and electrical services firm EnerMech has appointed Sandeep Sharma as its chief financial officer. Mr Sharma was formerly employed in the same position at Stork and prior to this, he was finance director at Bombardier Transportation.

Aberdeen Standard Investments will review its investment strategy as it comes under pressure from its exposure to shops, shopping centres and retail parks. The real estate division of Aberdeen Standard Investments (ASI) has £43 billion of assets under management, of which two-thirds are in the

The UK's six biggest banks and building society Nationwide are braced for today's results of the most exhaustive test of their ability to stand firm against 'Armageddon'.

The Financial Reporting Council (FRC) is planning a drastic change to rules governing company boards which will place more responsibility on directors to vouch for the integrity of their financial controls. The changes arrive in response to the scandals at Carillion, Patisserie Valerie, M&C Saat

Scottish Financial Enterprise has bolstered its ranks with the appointment of RBS chairman in Scotland Malcolm Buchanan as board director. Mr Buchanan is chairman, Scotland for the Royal Bank of Scotland, and the bank’s managing director for corporate & commercial banking, responsible for

Hostile bids made up 16% of all takeover bids for UK listed businesses last year, research from Pinsent Masons, the international law firm, has revealed. The research shows there were 12 hostile bids of a total of 77 bids for UK listed business in the last 12 months (year-end 31 October 2019).

A hat-trick of charities have enjoyed a festive windfall after receiving a share of £3,000 from Aberdeen-based accountancy firm Hall Morrice. Aberdeen FC Community Trust, Mental Health Aberdeen and Charlie House have each received £1,000 from Hall Morrice in the seasonal gesture.

Scores of people could be entitled to significant compensation payouts after being sold interest-only mortgages which put them at risk of being forced to move in order to pay off loans.

HSBC is currently working with charities in the UK to help homeless people who do not have permanent or fixed addresses, or photo ID, to open bank accounts. These accounts would be managed in HSBC branches or online.