News

The Scottish private sector saw a renewed downturn in October as fresh restrictions to tackle the COVID-19 outbreak came into force, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline RBS Business Activity Index - a measure of combined manufacturing and service

Multinational law firm Pinsent Masons has advised Edinburgh-based Red Rock Power Limited on the sale of 50% of the Inch Cape Offshore Wind Farm development and subsequent joint venture with ESB. Once complete, the wind farm will generate approximately one gigawatt of electricity, powering up to one

The Royal Bank of Scotland has announced the launch of a new competition to celebrate Global Entrepreneurship Week (16-20 November) where they’ll show new businesses, start-ups and entrepreneurs how to write a 60-second pitch, with the chance to take home £10,000. The bank will run free

Glasgow-based video technology platform specialist Ordo has experienced high client demand for its product range since the beginning of the COVID-19 pandemic, with the company on track to more than double revenue to around £3 million in the current financial year. Odro, which provides a comple

Alloa-based cable supplier Cable Cuts has expanded into new premises and will be taking on additional staff, following a 30% increase in sales during lockdown. This growth has been supported by DigitalBoost, Scottish Government’s leading digital skills programme, delivered by Business Gateway.

Four in ten people across Britain are keeping money secrets from their loved ones, according to a survey conducted by the government-backed Money and Pensions Service (MaPS).

Anderson Anderson & Brown (AAB) has announced that the revenues generated by the firm’s VAT team have almost doubled in the last three years to £750,000. The firm has consistently grown year on year for the last 30 years, due to the diverse and comprehensive services it offers client

The Financial Reporting Council (FRC) has imposed sanctions including a £500,000 fine against Deloitte and one of its former Audit Engagement Partners over its audit of an undisclosed company's defined benefit pension scheme. The sanctions concern the statutory audit of the company's

Financial mutual Scottish Friendly has announced the appointment of Susan Beckett as a non-executive director. Ms Beckett has more than 30 years’ financial services experience and will continue in her role as chief risk officer at Brewin Dolphin, where she has spent the last six years.&nb

Gary Cameron has been appointed as head of Scotland for the property arm of French international banking group BNP Paribas. Mr Cameron has also been appointed as head of Scotland for its residential and rural arm Strutt & Parker and forestry arm John Clegg & Co.

Skyscanner has announced the appointment of former eBay executive Laurence Tracol as its new vice president of finance. The firm was founded in Edinburgh in 2003 and now currently employs around 1,500 staff globally.

Graham Boyack, director of Scottish Mediation, discusses how the HMRC mediation scheme can save time and money by resolving unnecessary disputes.  If you’d asked me to guess what sort of webinars I might be looking at during the Covid situation, I don’t think that one from the

Dozens of staff at the Edinburgh office of pensions giant Phoenix Group will be made redundant as the firm announced 60 jobs will be cut in March. Phoenix told staff in a video call with senior bosses Stephen Percival and Andy Moss on Monday that cuts would be made in the actuarial service team.

HMRC has lost £31 billion to fraud and error, according to annual accounts published yesterday.  However, the figures have indicated that this is the lowest amount ever reported by the tax authority. 

It is estimated that UK banks have prevented more than £1 billion in fraud by rejecting almost 27,000 applications for COVID-19 Bounce Back loans.  The loans been an integral part of the UK Government’s support for small businesses during the pandemic, but concerns are mounting over