News

Edinburgh-based fintech giant FNZ, which employs nearly 500 people in the UK, the majority of them in the Scottish capital, has reached 'unicorn' status. In the world of finance, a unicorn is a privately held startup company valued at over $1 billion.

Scotland lost over a third of its bank and building society branches in just eight years, raising concerns that consumers and businesses alike could struggle to access cash across the country.

Edinburgh-based wealth management partnership Baillie Gifford has launched its Schiehallion Fund (MNTN), a new closed-end investment company dedicated to the unlisted ‘unicorns’ that its flagship Scottish Mortgage Trust has successfully pioneered.

Mortgage customers who have previously been unable to switch mortgages despite being up-to-date with their payments (commonly known as mortgage prisoners), could soon be able to find a cheaper deal after the Financial Conduct Authority (FCA) proposed changes to how lenders assess whether or not a cu

Scottish businesses involved in the construction sector could face substantial cash flow issues under new VAT rules due to be introduced this year, according to accountants and business advisors French Duncan. HMRC has updated the draft legislation for its new VAT domestic reverse charge regime for

The cost of staying overnight in Glasgow grew by more than 3.5 times the national average last year, while Edinburgh remained largely static, according to PwC’s latest UK Hotels Forecast Update.

A Fife tax advisor has been awarded the highest level of tax qualification in the UK. Liz Goldie, tax manager in the Cupar office of EQ Chartered Accountants, has passed the prestigious Chartered Institute of Taxation (CIOT) exams, qualifying as a Chartered Tax Advisor (CTA).

The largest Grade ‘A’ office building currently available in Edinburgh has now been released by Royal Bank of Scotland for occupation.

The Scottish Government's consultation on Scottish charity law has too limited a scope and represents a missed opportunity for meaningful reform, according to audit, tax and consulting firm RSM. In its response to the consultation which closes on 1 April, RSM highlighted that a broader rev

A £25 million fundraising campaign has been launched to support the Ross Development Trust’s project to transform Princes Street Gardens. The newly named Quaich Project will see a new venue for open-air concerts and events created on the site of the current Ross Bandstand.

Johnston Carmichael has strengthened its financial services advisory team with the appointment of a key strategic hire. Ewen Fleming joins the Chartered Accountants and business advisers as partner following a long and successful career in financial services covering retail banking, wealth

Edinburgh-based Standard Life has gained approval to transfer almost €19 billion of assets to Dublin in anticipation of possible disruption of services after Brexit. The company has received the final permission it needed from the Court of Session in Scotland to go ahead with the move.

Scottish accountancy firm Anderson Anderson & Brown LLP (AAB), has secured a significant seven figure equity investment for Project Heather to support the re-launch of the Scottish Stock Exchange after almost fifty years. AAB’s Douglas Martin, Tomas Carruthers and Edwin Hamilton of Project

The finance director of Glasgow-based temporary power generator supply giant Aggreko has been paid more than its chief executive. The contents of the annual report for the largest supplier of temporary power generators in the world show that Heath Drewett received a remuneration package worth almost

R&D tax incentive specialist and innovation consultant, ABGI Group, has launched its UK division, which is to be based in Edinburgh. Operating under the name of ABGI-UK, the firm will focus on companies with 500+ employees.