News

Edinburgh-based Ethical Finance Hub has become the first Scottish-focused financial body to endorse the United Nations Environment Finance Initiative’s (UNEP FI) Principles for Responsible Banking. A coalition of 49 banks, including Barclays and Santander, have committed to aligning their stra

The continuing drive for greater cost control across financial and professional services in Scotland this year will have a retrograde impact on succession planning, according to analysis published today by recruitment company Core-Asset Consulting.  In its Salary Guide 2019, Core-Asset&rsq

Two recently-completed deals underline the growing popularity of car parks among investors on the hunt for stable long-term income, according to Knight Frank. The commercial property consultancy has brokered transactions on behalf of KFIM Long Income Property Unit Trust for The Glasshouse Car Park i

A ‘No Deal’ Brexit could have a dramatic impact on Scotland’s economy, with the potential for national Gross Domestic Product (GDP) to fall by up to 7 per cent, according to a new report by the Scottish Government’s chief economist.

A Holyrood committee has expressed concern about the lack of transparency, accountability and alignment of Business Gateway, a local-authority provision that aims to help businesses develop and grow. With 10 years having passed since the Scottish Government transferred Business G

The Financial Conduct Authority (FCA) has found that three asset management firms breached competition law, in its first formal decision under its competition enforcement powers. The firms are Hargreave Hale Ltd, Newton Investment Management Limited and River and Mercantile Asset Management LLP (RAM

The cat of late fashion designer Karl Lagerfeld is set to "inherit" some of his $170 million fortune, according to reports.

Up to 200,000 eligible Royal Bank of Scotland and NatWest SME customers will be given the opportunity to take advantage of unique switching offers when the Business Banking Switch scheme launches on Monday (25 February). The scheme will provide exclusive incentives to eligible Royal Bank of Sco

Glasgow-based accountant and business adviser Martin Aitken & Co (MACo) is preparing for further expansion as they record their biggest increase in turnover since the partnership converted to a limited company in 2013. The business posted a 17 per cent increase in turnover to £6m for the y

Edinburgh-based Sainsbury’s Bank has joined the Association of British Insurers (ABI) as an associate member. Sainsbury’s Bank was the first major supermarket to offer banking facilities and its range of financial products includes car, home, pet, travel and life insurance.

A South Lanarkshire man has been jailed for more than two years for an elaborate a VAT tax fraud concocted to repay a confiscation order previously imposed on him for forging banknotes. Glasgow Sheriff Court head this week how John Farrell, 61, from Thorntonhall, used fake passports and driving lice

Law firm Addleshaw Goddard is marking its continued investment in Scotland with the launch of a new Edinburgh hub for its Transaction Services Team (TST). A direct response to increased client demands and workloads in the firm's Scotland offices, the TST hub will act as an on the ground resource for

The Financial Conduct Authority (FCA) has today published the final report of its Wholesale Insurance Brokers market study which was launched in November 2017 to assess how competition was working in the sector. Overall, the City watchdog said it has not found evidence of significant level

CBI Scotland will today launch a series of new business-led interventions aimed at addressing the Scottish economy’s persistent problem of low productivity. The first set of recommendations, focusing on education and skills, makes the case for more to be done to bridge the gap between the clas

The vast majority of Scottish SME’s are not ready for the ‘Making Tax Digital’ (MTD) revolution, according to research across a broad section of Scottish businesses undertaken by, accountancy firm Campbell Dallas. MTD affects VAT registered businesses including sole traders, partne