News

The Scottish Government has reached an agreement with Deloitte, administrators of the Ferguson Marine shipyard in Port Glasgow, to take the facility into public control. The government said the agreement will enable completion of the two ferries being built there for Caledonian Maritime Assets

Following contested proceedings, the Upper Tribunal has found that Andrew Tinney, the former Chief Operating Officer (COO) of Barclays Wealth and Investment Management (Barclays Wealth), breached his obligation as an approved person to act with integrity. In March 2012, Mr Tinney received a document

Construction contractors who don’t prepare for major VAT changes could face a host of financial difficulties from cashflow problems to reduced profit. That is the warning from one of the UK’s top VAT experts, Nigel Roberts, Head of VAT and Duty at accountancy and business advis

Standard Life Aberdeen has confirmed via a stock exchange announcement the timings and other details for its share buyback plan. In this morning's announcement, the group, which houses platforms Wrap, Elevate and Parmenion, asset managers Aberdeen Standard Investments and Aberdeen Standard Capi

Homeowners seized on ultra-low interest rates to remortgage in June, but would-be buyers are holding back as political turmoil continues to cause uncertainty, latest data has shown. According to trade body UK Finance, a total of 16,880 remortgages were agreed in the month, up 8.3pc from the sam

Reports of investment fraud filed by savers in the UK have almost doubled in the first six months of 2019 to more than 8,000, official figures have revealed, putting them on course to all-time high by the end of the year. The data shows last year 9,398 scams were reported, according to National Frau

The City of London is launching an alternative giving campaign to help the City’s homeless and rough sleeper population, by donating money through four new contactless card points.

Edinburgh-based fintech firm Modulr has revealed that it is set to create dozens of new jobs in the city, having secured £10 million from the Royal Bank of Scotland Alternative Remedies Package. The fast growing fintech, backed by Blenheim Chalcot and Frog Capital, was founded in January 2016,

Peer-to-peer lender Assetz Capital has promoted Fraser Clark to relationship director and hired Colin Mottram as senior relationship manager in Scotland. Fraser Clark is currently the regional support director for UK – North, based in Edinburgh, and his new position as relationship direct

Canadian insurance giant Canada Life has acquired Dundee City Council’s headquarters in a £23.8 million “leaseback” deal. The local Evening Telegraph newspaper has reported that the authority is handing Dundee House over to the insurance heavyweight in an arrangement tha

Audit, tax and consulting firm RSM has been named the most active M&A financial advisers in Scotland in the first half of 2019 – moving from fourth to first place in the last quarter. In total, RSM’s corporate finance team in Scotland has helped to close nine deals in 2019, including

Aegon UK, which employs 2,2400 staff at its Edinburgh Park headquarters, including 286 in the Kames Capital-branded asset management arm, has posted half year results for the period ending June 30, 2019, revealing net outflows have hit £2.6bn suggesting advisers have been leaving the firm

A former personal assistant to JK Rowling, who was found guilty of embezzling almost £19,000 from the Harry Potter author and order to pay it back, has now declared herself bankrupt. Ms Rowling has now hit out at her ex-PA as she claims she has not received any of the money taken from her whic

Labour productivity in Scotland, measured by output per hour worked, increased by 1.1 per cent in real terms (inflation adjusted) during the first three months of 2019 compared to the same quarter last year.

Life expectancy in Scotland has increased over the past three decades but has stalled in recent years, according to a new report.