News

Caledonia Investments, the investment house founded by shipping tycoon Sir Charles Cayzer in 1878, has raised its full year net asset value 1.1 per cent to £1.64bn for a total return of 2.6 per cent. The positive results for the firm, which is listed on the London Stock Exchange with the backing of

Richard Koch Glasgow and Edinburgh two of UK cities leading the way in the rise of contactless payments, according to new data.

DWF has appointed Caroline Colliston as a director in the firm’s tax team joining from corporate and commercial law firm Blackwood Partners LLP. Based in Edinburgh, she will support the firm’s private and public sector clients domestically and internationally with a focus on tax and share incent

French Duncan has been shortlisted in the prestigious Large Accountancy Firm of the Year category at the Scottish Accountancy and Finance Awards 2016. The firm, which has with 18 partners, a fee income of over £10 million, nearly 200 employees and a network of offices spanning Scotland’s Central

The Royal Bank of Scotland has named the next five branches to be axed from its Scottish branch network as part of the ongoing cost saving drive across the still 73 percent state-owned lender. The Edinburgh-based bank, which was bailed out at a cost of £45 billion by the UK taxpayer at the height o

A Dundee bookkeeper has admitted embezzling £60,000 from her employer, which she spent on cars, foreign holidays and jewellery. On the third day of her trial before a jury at Dundee Sheriff Court, Catherine Bryceland admitting taking the money from city firm Raymond Gloag Painters and Decorators ov

Alistair Black Future increases to the National Living Wage (NLW) could affect up to 20 per cent of the workforce within four years, and the full impact may not have been considered by Scottish businesses unaffected by recent changes, according to accountants Johnston Carmichael.

Aberdeen-based accountancy firm Anderson Anderson Brown has been shortlisted for the 2016 Scottish Accountancy & Finance Awards in the categories of 'Tax Team of the Year' and 'Accountancy Firm of the Year'. The firm will be going for its third consecutive tax team win at the awards ceremony to

Investment manager Brewin Dolphin, which has more than 100 staff, including 47 ­investment managers and ­financial planners based in Edinburgh, has reported a 42 per cent drop in its profits, as it completes restructuring to a discretionary wealth management focus. The firm's latest half-year resu

Standard Life has said about £90m worth of unclaimed shares left over from its demutualisation 10 years ago could be made available to charities through a new foundation. The Edinburgh-based pensions group announced the initiative at its AGM this week and would see it is to set up a multi-million p

The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.5 billion in April. The total is 29 per cent lower than March’s lending total of £26.2 billion, but 16 per cent higher than the £16 billion lent in April last year.

Mortgage arrears in Aberdeen are running at double the UK average rate and triple what they were in 2012, according to credit rating agency Moody’s. The firm said plummeting oil prices and contagion from rising unemployment in Aberdeenshire has spread to the housing market.

Sir Gerry Grimstone The Spring of shareholder discontent continued yesterday after more than a fifth of Standard Life shareholders voted against the company’s remuneration report at its annual meeting in London.

Unemployment in Scotland has risen for the third consecutive quarter, according to official figures. Latest figures released today by the Office for National Statistics showed that the jobless total went up by 8,000 between January and March to stand at 169,000.

The Treasury has announced that it has received a further dividend of £130m from its Lloyds Banking Group shares. The news means the amount the government has now received £318m in dividends from the bank it bailed out at the height of the financial crisis at a cost of £20.5 billion.