News

An accountancy firm which had offices in Elgin, Huntly and Moray has closed down with its owner and founder saying the company had been hit by “challenging business conditions”. The demise of Faith Simpson Accountants, which serviced a variety of clients across the north-east in man

Hundreds of investors, including high profile celebrities such as impresario Lord (Andrew) Lloyd-Webber and Ranger FC manager Steven Gerrard, have launched a £100m lawsuit against HSBC’s private bank over controversial tax-avoidance schemes. A total of 248 wealthy complainants allege tha

Barclays is taking on a new 700 desk office site in Glasgow as it prepares for wider expansion in the city.

The management team at Glasgow-based VWM Wealth has announced that they have completed a management buyout led by senior staff members.

Scottish accountants and business advisory firm French Duncan LLP has reported a bumper year advising on 25 deals worth almost £200m in 2018 in the private and public sectors. Deal values ranged from a few million up to £60m across various sectors including engineering, hotels &

A flood of thousands of complaints have been lodged with law firms and the Financial Ombudsman Service over self-invested personal pensions (Sipps), leaving pension funds facing penalty costs totalling hundreds of millions of pounds. According to The Times newspaper, claims lodged with the ombudsman

A new prospectus, created by industry, to showcase the strength of Scotland’s financial services sector is to be formally launched at the Guildhall in London tonight. The document will be shared publicly for the first time at an appropriately themed Burns Supper event, hosted by the Lord Mayor

Lloyds Bank has launched a new way for families to help their children achieve their top life goal of owning their own home, while rewarding family members with what it claims to be a market-leading savings rate.

The Scottish Parliament will next week be invited to agree to the appointment of Caroline Anderson as the new commissioner for ethical standards in public life in Scotland. The commissioner is responsible for investigating complaints about the conduct of MSPs, local authority cou

Forty-five workers employed by Glasgow construction and fit-out company Pacific Building Ltd have started the New Year in new roles as joint owners of the business. Managing director and majority shareholder, Brian Gallacher, said the decision to move to employee ownership was taken to lay

Spanish airport authorities are searching for the owner of a private jet which has been parked for years. Nobody knows who owns the the McDonnell Douglas MD87 jet, big enough to seat up to 172 passengers, which is sitting in Adolfo Suárez-Madrid Barajas airport.

UK wealth management firm Brewin Dolphin has added seven new staff to its Glasgow office as it continues to grow its operation in the city.

Santander has removed itself from the shortlisted lenders vying for a share of the £275 million incentivised switching scheme for SME customers established under the terms of Royal Bank of Scotland (RBS) bail out agreement.

Edinburgh’s LendingCrowd has been named as the only Scottish company to join the prestigious Upscale programme, now in its fourth year. LendingCrowd, the fintech lending platform, is one of 30 fast-growing startups selected for the Tech Nation programme from over 100 applications. The LendingC

The return of UK funds and Glasgow’s best year for offices in more than a decade saw levels of investment in Scottish commercial property outperform the five-year average, according to analysis from Knight Frank. More than £2.5 billion was invested in commercial property - including offi