News

Niall Booker The Co-operative Bank has reported a pre-tax loss of £610m for 2015, more than doubling its losses of £264m a year ago and bringing it under fresh pressure from regulators to accelerate an overhaul of its business three years after it nearly collapsed.

George Osborne UK Chancellor George Osborne could target former Rangers players and staff, who have benefited from “disguised remuneration schemes” such as the now infamous Employee Benefit Trusts (EBTs), to pay millions in unpaid taxes.

Brian McMurray, Douglas Martin and Steven Fraser Aberdeen-based accountants Anderson Anderson & Brown LLP (AAB) have announced the promotions of Douglas Martin to head of corporate finance, and Steven Fraser and Brian McMurray to the role of directors.

Peter Dean, Managing director of Carrington Dean accepts official accreditation to the Glasgow Living Wage from Bailie Philip Braat, Treasurer of Glasgow City Council. Glasgow-based debt advice and solutions company Carrington Dean has become the first debt solutions specialist and the latest employ

Changes to business rates for empty properties in Scotland, which come into force today, could lead to a slowdown in industrial developments and limit choice for businesses looking to expand north of the border, according to Knight Frank. The independent real estate consultancy said that new legisla

Sandy Begbie Edinburgh-based insurance giant Standard Life has been recognised as one of 11 Social Mobility Business Compact Champions across the UK by the Department of Business, Innovation and Skills (BIS).

Figures released today show Scotland generated the equivalent of more than half its electricity needs from renewable sources in 2015, surpassing the 50 per cent target set by Ministers. Based on the latest consumption figures from 2014, renewables now generate the equivalent of 57 per cent of Scotla

Hugh Little Hugh Little, who retired from a 29-year career at Aberdeen Asset Management last year, has invested in and become a board director of a sport technology business founded by his wife.

Caroline Muir, Jim Higgins and Garry Tetley Deloitte has strengthened its tax team, with two directors re-joining the firm as it ramps up its service offering for Scotland’s growth businesses and entrepreneurs.

Royal Bank of Scotland has backed commercial vehicle contract hire and financing business Asset Alliance Group, which employs 80 staff in Lanarkshire and Wolverhampton, with a £75 million cash injection. The asset-based lending facility is secured against the company’s vehicle portfolio and will

Aberdeen-based payroll specialist Bon Accord Employment Services has been taken over and re-branded to ACCORD Business Partnerships. The firm, which specialises in providing payroll, pensions and employment services to clients in the energy sector has been acquired by four HR professionals with more

Glenn Allison Aberdeen-based Stewart Milne Group has said it is in a strong position to capitalise on further growth after reporting increases in both turnover and profit.

Devan Kaloo Devan Kaloo is head of global emerging market equities at Aberdeen Asset Management