News

Robust financial planning has put Perth and Kinross Council in a good position to tackle a projected budget shortfall of £52 million over the next five years but it must continue to drive forward improvements, the Accounts Commission said today.

A 44-storey skyscraper in Beijing has been sold for £610 million in an online auction after being seized by the government from its fugitive owner, The Times reports. Authorities confiscated Pangu No 5 tower in 2016 after Guo Wengui fled the country amid corruption investigations. Its sale on

Scotland’s notional deficit is falling faster than the UK’s with onshore revenues increasing by 5.1% to reach £61.3 billion in 2018-19 as a result of continued economic growth, according to Government Expenditure and Revenue Scotland (GERS) figures published today. The figures also

An IT glitch at the Royal Bank of Scotland (RBS) has prevented its credit card customers from accessing their accounts and paying off outstanding balances.

All VAT registered companies in the UK will be automatically allocated a customs number to prepare for no-deal Brexit.

Archangels investment group has invested £2 million in digital marking consultancy Queryclick. Invested in partnership with the Scottish Investment Bank (SIB), the money will help the Edinburgh-based company complete its expansion drive.

Apple has officially launched its new credit card, with all US customers eligible to apply for it through the Apple Wallet app.

Public financial confidence has fallen to reach its lowest level in three months, according to the household finance index by IHS Markit.

Royal Bank of Scotland (RBS) and Scottish Ethnic Minorities Lawyers Association (SEMLA) are hosting their first networking event for Black, Asian and Minority Ethnic professionals working in Scotland. The event is to take place in Edinburgh on September 5 at the bank's historical home of St Andrews

Construction firms need to ensure they are ready for a major change to the way VAT is collected and be vigilant to ensure that that supplies and purchases are correctly treated, according to an accountancy specialist. Andrew Laurie, tax manager at Aberdeen-based Hall Morrice, said the change will im

Housebuilder Miller Homes has reported increases in profit, completions and forward sales in its interim results today. Accounts for the six months to 30 June 2019 revealed a 10% increase in operating profit to £77.8 million (H1 2018: £71.0m), following a 13% increase in core and joint v

Estate agent Yopa is hoping to make inroads into the Scottish market after completing a £16 million funding round from existing investors dmg ventures, Grosvenor Hill Ventures and the company’s founders. The new funding will be used to accelerate Yopa’s growth through continued inv

Nationwide and Santander provide the best student bank accounts, according to a survey by consumer website Which?.

Jyske Bank in Denmark has set up the world's first negative interest mortgage.

Hampden & Co has reported significant growth in deposits and lending in the first half of the year.  The Edinburgh-based bank said that deposits increased by £95 million (39%) and lending has grown by £47m (44%) within the first six months of 2019, compared to the same time