News

The world’s biggest brands and businesses are still failing to tap into the trillion pound Muslim lifestyle market, according to the UK’s first-ever B2B conference discussing the fast-growing sector. Over 150 businesses took part in MLE Connect in London which discussed and showcased how the Mus

Perth-based transport giant Stagecoach has placed orders for about 480 buses and coaches in deals worth a total of £97m. The firm said it was buying £82m worth of new vehicles for its regional networks in England, Scotland and Wales.

Ronnie Brown

The Financial Conduct Authority (FCA) has banned former Royal Bank of Scotland LIBOR submitter Paul White from performing any function in relation to any regulated financial activity and publicly censured him. The FCA said that were it not for Mr White’s serious financial hardship, the City watchd

Glasgow-based global engineering giant, The Weir Group, has ended its 70-year relationship with EY and confirmed that ‘Big Four’ rival PwC is to take over as its new external auditor. PwC will begin audit and assurance services at Weir, which is one of Scotland’s biggest employers and operates

Kirsty Wells Kirsty Wells is head of HouseMark Scotland

Royal Bank of Scotland has confirmed that its ongoing strategy of downsizing could yet involve selling off parts of, or simply closing, its Indian banking operation after admitting that it has failed to find a buyer for the entire business. A spokesman for the Edinburgh-based lender, which is still

UK banks were hit with charges totalling £880m between 2013 and 2015 over investment products and advice misselling, according to research from think tank New City Agenda. Almost £53bn was spent by the largest UK retail banks to pay for their misconduct across all products between 2000 and 2015, t

In the next five years, 40 per cent of family businesses globally will prepare to hand over the business to a new generation. According to new global research by PwC entitled, Great Expectations: The next generation of familybusiness leaders, the next generation of family business leaders – or ‘

Vishal Chopra Grant Thornton has called for all parties in Holyrood to make tax simplification a post-election priority.

A new strategic alliance between PwC and leading maritime fleet monitoring and risk management solution provider, Pole Star, has been announced that aims to help organisations involved in international trade to better manage their legal and regulatory obligations. PwC said it is working with Pole St

Catherine Burnet Blair Nimmo’s promotion to head of UK restructuring at KPMG has seen Catherine Burnet replace him as senior partner for the firm’s Edinburgh office - and ushered in a raft of senior changes for the global business north of the border.

Lorraine Macphail Lorraine Macphail is head of property and construction, Scotland at Grant Thornton

Petra Wetzel Petra Wetzel, the founder of independent Glasgow brewery WEST, has launched West Women, an investment fund to provide seed capital and other financial assistance to emerging female entrepreneurs operating within Scotland’s buoyant food and drink sector.

Glasgow-based investment house, Maven Capital Partners, has announced that it has led the management buyout (MBO) of Westfield Medical (Westfield), a leading provider of sterilisation barrier products to the healthcare and industrial sectors. The £12 million funding package includes an equity raise