News

The Financial Reporting Council (FRC) has fined and reprimanded KPMG Audit Plc (‘KPMG’) and senior statutory auditor and audit engagement partner, Michael Francis Barradell, following their admission of misconduct in relation to their audits of the financial statements of fashion retailer Ted B

West and Central Scotland have seen the biggest increase in house price per m2 in Scotland over the last five years but traditional housing hotspots in the East remain the most expensive.

Paul Christensen Previse, the fintech firm founded in Glasgow in 2016 which counts Scottish Enterprise among its financial backers, has raised US$7 million (£5.5 million) in a Series A funding round to be used to help scale Previse’s payment technology business to meet demand with a number of sta

Anthony Rafferty Origo has joined Scottish Financial Enterprise as the fintech company continues to expand its development of technology solutions for financial services companies across the UK.

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.