News

Stuart Brodie Despite the recent Brexit vote, a leading business and financial advisor is urging Scottish food and drink companies to prepare for a significant new European Union regulation that could seriously impact on profits.

PwC has held briefing sessions with clients on the implications of last week’s referendum result, led by David Glen, PwC’s Scottish head of tax; senior adviser on Devolution Michael Moore and Glasgow Office Senior Partner and head of deals Scotland, David Leslie. Commenting on the immediate outc

Scottish small business confidence was in decline in the months before the EU referendum vote, according to the Federation of Small Businesses’ (FSB) latest study. For the second quarter in a row, the FSB’s confidence index shows that Scottish business owners who expect trading conditions to det

Vaughan Hart Confidence amongst Scottish construction employers has fallen by 22 points to minus 19.

Aberdeen Asset Management has reduced the charges on two of the bond funds in its ICVC range. The funds affected funds are the £29.5m Euro Corporate Bond and the £1bn Global High Yield Bond funds.

Derek MacKay The first set of annual receipts for Scotland’s Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT) show returns have exceeded projections.

Ray Entwistle Auctioneers Bonhams has announced that veteran banker Ray Entwistle is to replace Simon Miller as chairman of its Scottish operation.

Brian Caplen A new report has revealed that UK banks are failing to keep pace with their international rivals after seeing their profits slip by more than a fifth.

U.S. investment banks Goldman Sachs and Morgan Stanley have each issued denials to reports that they are planning to move their London banking operations to Frankfurt following Britain’s vote to leave the European Union. The denials are in response to reports that the banking giants had pre-let of

An Edinburgh University payroll manager who mocked-up a fictitious £14,000 invoice for taxidermy services has been branded a ‘disgrace’ and sentenced to 200 hours of unpaid work. Henry Emmanuel, 37, tried to have the invoice rushed through saying there would be a complaint if it was not paid.

Royal Bank of Scotland has been criticised by police over its failure to intervene in a spate of frauds carried out within a quarter mile radius of a leafy part of Edinburgh over the course of just 10 days which saw vulnerable pensioners tricked out of more than £300,000. Four victims were targeted

Ross McEwan Ross McEwan, the chief executive of Royal Bank of Scotland, has written to the 73 per cent state-owned group’s staff to warn them of “short, medium and long-term” economic uncertainties as a result of the vote to leave the EU.

Building maintenance services company, Alba Facilities Services Ltd, has streamlined its business with an efficiency-boosting software system thanks to a third round of funding from UK Steel Enterprise (UKSE).

Independent Scottish law firm Gillespie Macandrew LLP has announced an increase in profits in its last financial year of over 18 per cent from £2.4m to £2.86m on the back of an increase in turnover of 6.7 per cent from £9.81m to £10.47m. The figures are incorporated in the firm’s Annual Report

Gleneagles Hotel The Institute of Directors and The Gleneagles Hotel have agreed a deal which will see the IoD Annual Conference be held at the hotel for the next two years. The 2016 IoD Conference, which will be held on 3-4 November, is focused on ‘The Business of Leadership’.