News

A Cumbernauld man who swindled two elderly tenants out of thousands of pounds while working for a housing association was today jailed.

David Michael Hughes A globe-trotting tax consultant who fled the UK before he could be arrested for masterminding a conspiracy to steal £6.9 million from construction workers’ pay packets is finally behind bars.

Phil Loney Royal London has reported a nine per cent increase in pre-tax profits and a £2 million rise in operating profits in the first half of the year, The Scotsman reports.

Alison McGregor HSBC has said it will not hire a new Scottish chief executive following the announced departure of Alison McGregor at the end of this year, The Herald reports.

RBS has announced that Katie Murray will take over as interim chief financial officer from Ewen Stevenson at the start of October. Mr Stevenson, who resigned from the post at the end of May, will step down from the Board and cease to be CFO on 30 September 2018.

Pete Duncan Glasgow Credit Union has announced the appointment of Pete Duncan as their new chief operating officer.

Ken Milliken Businesses in Scotland suffered losses of £1.8 million in the first half of the year as a result of fraud, a significant decline on the figure of £3.8m in the same period last year.

Authorities in Russia have launched a probe into export tax fraud involving Scottish Limited Partnerships (SLPs), The Herald reports. Prosecutors in a port near the Estonian border say they are looking into an attempt to avoid more than $200,000 in duty on a tanker carrying fuel oil.

Derek MacKay Finance Secretary Derek Mackay has been criticised for advising one of Scotland's top boarding schools on how to apply for tax relief after new Scottish Government reforms increase their tax bill, The Scotsman reports.

Kevin McCallum Edinburgh-based accounting software vendor FreeAgent has become one of the first companies in the UK to secure Open Banking registration from the Financial Conduct Authority (FCA).

The world's most valuable whisky - described as "the Holy Grail of whisky" - is set to fetch up to £900,000 at auction in Edinburgh in October. Only 12 bottles of the The Macallan Valerio Adami 1926 were produced and it is not known how many still exist.

Councillors in West Dunbartonshire are considering measures to prevent companies from dissolving or going into administration and then reappearing under a new name to avoid paying tax debt. Stephen West, chief finance officer at West Dunbartonshire Council, will recommend a "naming and shaming" appr

Royal Bank of Scotland has withdrawn its planning application for a residential-led mixed-use redevelopment of land it owns in Edinburgh’s New Town. The bank had applied for permission to demolish the existing office buildings at at Dundas Street/Fettes Row to create up to 400 flats as well as ret

Chief Superintendent John McKenzie, Cabinet Secretary Derek Mackay MSP, Royal Bank CEO Ross McEwan and Mandy Haeburn-Little CEO SBRC In a step to stop scammers in their tracks and keep the public’s money safe, senior politicians, security specialists and Police Scotland have joined Royal Bank of S

1825, Standard Life’s restricted national advice arm, has had the team that supported the transition of acquired IFAs disbanded by its parent company.