News

Borders and Berwickshire-based accountants Rennie Welch has significantly expanded its Berwick-on-Tweed practice following a merger with local firm Optimus Accounting. Patrick Evans, who founded Optimus in 2011, will now join Rennie Welch as a partner bringing his team of staff to the firm.

Blair Nimmo and Alistair McAlinden, of KPMG have been appointed as joint administrators of A1 on Friday 2nd August 2019. Operating from leasehold premises in Aberuthven (near Perth), A1 sold and rented a range of motor homes to the general public under the Scot Motorhomes brand.

Grant Thornton UK has promoted Joanne Brown to partner to lead its public services offering in Scotland. With over 18 years’ experience providing audit and assurance services to a range of public sector organisations, Ms Brown’s most recent role was head of the public services assurance

The British banking system is an ‘accident waiting to happen’ according to a new report released this week by the Adam Smith Institute, nearly 12 years after the run on Northern Rock heralded the beginning of the financial crisis.

Fife fintech company PaySend which specialises in international transfers has closed its latest crowdfunding drive after more than doubling its target. The crowdfunding effort, launched with platform Seedrs, saw Kirkcaldy-based PaySend aim to raise £4.26 million for a 3.3 per ce

Welcome to the latest round-up of activity from the last four weeks in Scotland’s dynamic commercial property sector. For sponsor or advertising opportunities contact Jeff Anderson on 01292 479 443 or email jeff@scottishnews.com.  

In a further sign that low interest rates are the new normal, Virgin Money has expanded its mortgage proposition by launching a new range of long term fixed rate residential and buy-to-let products, offering borrowers interest rate certainty for up to 15 years. The new products come with the same fl

UK digital challenger bank Monzo has warned that 480,000 of its customers' bank card PINs were accidentally stored in plain text in log files recording user interactions with two of its mobile app features. The log files themselves were encrypted and Monzo says that no one outside the company had ac

The UK new car market declined again in July, with 157,198 vehicles leaving showrooms, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).

Uncertainty around Brexit has resulted in performers at the Edinburgh International Festival to ask for their fees to be paid in euros or US dollars instead of sterling, the event’s director has said.

The Scottish Government has today announced the appointment of Alliance Trust chairman Lord Smith of Kelvin as chair of the board of Scottish Enterprise. One of the UK’s most experienced Chairs, having led organisations in the private, public and voluntary sectors, Lord Smith of Kelv

Still more than 60 per cent state-owned Royal Bank of Scotland (RBS) is handing the Treasury around £1bn in dividend payouts following a surge in profits, according to the lender’s first half results out today. They showed a special award of 12p-per share was being handed to investors, o

Anderson Anderson Brown (AAB) has announced the appointment of Philip McGrath as corporate finance manager in their specialist equity funding team. The accountancy firm said Mr McGrath brings significant experience supporting clients in raising Seed and Series A funding rounds across a wide ran

East kilbride-based Goals Soccer Centres, which runs outdoor football centres in the UK, has said the "improper behaviour" in the preparation of its financial accounts stretches back "at least" to 2010.

The newly-opened hotel at Hamilton Park Racecourse has marked a milestone for Allied Irish Bank (GB)’s hotels and leisure team as they clocked up £55 million of investment in Scotland’s tourism sector in the past 12 months. The £10 million Hampton by Hilton at Hamilton P