News

Daniel Broby Scotland’s financial sector needs to accelerate its adoption of technology to avoid a future banking crisis, experts at Strathclyde Business School have warned.

David Melhuish The Scottish Property Federation (SPF) has called for the 5 per cent threshold of residential LBTT to be raised to £500,000 in the light of evidence suggesting a downturn in the value and number of transactions in the first year of LBTT.

The Scottish Association of Landlords (SAL) has announced its support for a move to measure the impact of tax changes for Private Rented Sector (PRS) landlords on the availability of affordable housing.

HM Revenue & Customs is offering a selection of webinars to help the self-employed get tax advice, with advisers on hand to answer any typical tax questions.

Tim Moore, senior economist at Markit The UK construction industry showed modest indicators of recovery in August — by contracting less than in July, a survey has suggested.

North-east car dealer John Clark Motor Group (JCMG) has reported a 13.5 per cent drop in annual profits despite a 10 per cent rise in sales. Turnover at the family owned company rose to £667 million in 2015 from £604 million in 2014, with record sales of new cars — despite the oil downturn in Ab

ICAS has issued a call to the Scottish Government to reform the rate and way in which statutory interest is calculated in personal bankruptcy in Scotland. Responding to an informal consultation by the Accountant in Bankruptcy on draft consolidated Bankruptcy Regulations which will underpin the intro

A new report by the Glasgow Centre for Population Health (GCPH) has found that high-interest payday loans are “absolutely corrosive to mental health”. However, it also suggests rules designed to protect borrowers from exorbitant interest rates could leave people struggling to afford basics with

Edinburgh entrepreneurs Artur Napiórkowski and Denny Schenk are due to appear on the BBC's Dragons' Den this Sunday to pitch their low-carbon invention to the show's millionaire investors. The pair are based in the Edinburgh Centre for Carbon Innovation, where they won a place in the Low Carbon Ide

Charlotte Nelson, finance expert at Moneyfacts One month after the Bank of England's 0.25 per cent cut in base rates, research by Moneyfacts has found that many lenders are not passing on the reduction to borrowers on variable rates.

Tesco Bank has announced the closure of its Haymarket Yards office, with about 250 staff to move to Glasgow and Newcastle while the bulk - around 600 employees - move to South Gyle. A spokesperson for Tesco Bank said the move was being made "from a position of strength".

Glasgow-based engineering consultancy, Mabbett & Associates Ltd, has used £160,000 of HSBC funds to further diversify its business by creating Mabbett Environmental Planning Ltd. The new enterprise will facilitate the firm’s expansion in the environmental planning services sector, growing the

Robert Ross, RSM’s regional managing partner in Scotland Audit, tax and consulting firm RSM has expanded its team in Scotland with the appointment of 18 new trainees.

Tom Brock, head of the emerging technology unit at Clydesdale Bank A leading Edinburgh technology firm is targeting further growth following agreement on a new £900,000 funding package from Clydesdale Bank.

RBS and NatWest are refunding tens of thousands of customers who were wrongly charged interest on student overdrafts over a 14-year period. The bank currently offers students interest-free overdrafts and often customers are offered the option of raising their limit mid-way through their course.