News

L-R: Johnny Griffiths, Iain Steele and Craig Martin. Four Scottish accountants from BDO put their counting skills to different use by successfully completing the Five Peaks High Five Challenge last week to raise funds for the children’s rugby charity, Wooden Spoon.

The Royal Bank of Scotland’s wealth management and private banking business, Adam & Company, has reported annual operating profits of almost £23 million for last year, up £5 million on 2013. Latest results for the firm, which was founded in the Edinburgh in 1983, also showed the return on eq

John McFarlane Barclays chairman John McFarlane has taken over as the bank’s new chief executive after Antony Jenkins was sensationally sacked this morning.

Andy Brodie Standard Life Wealth, Edinburgh-based insurance giant Standard Life’s discretionary fund management arm, has announced the appointment of Andy Brodie as its new head of operations.

A new survey has revealed that Scotland is outperforming the rest of the UK in creating university spinout companies. The fifth annual report for the Spinouts UK survey shows Scotland is home to one in five (20 per cent) of the UK’s spinouts, significantly ahead of the next two best performing reg

BenRiach Distillery Company to sink £25m into expansion bid The Edinburgh-based BenRiach Distillery Company has announced plans to invest more than £25m in the business over the next two years.

Sir George Mathewson Sir George Mathewson, the former Royal Bank of Scotland chief executive and chairman, has stepped down as both chairman and director of the challenger bank Shawbrook.

A clamour for more fuel-efficient vehicles saw new car sales in Scotland accelerate last month, according to latest figures from the Society of Motor Manufacturers and Traders (SMMT). In Scotland, new car sales in June totalled 21,576, a year-on-year increase of more than 12.1 per cent and lagging o

People buying or selling property in Scotland would be better protected if the regulation of estate agency was devolved to the Scottish Parliament, the Law Society of Scotland has said. The regulation of estate agency across the UK is covered by the Estate Agents Act 1979.

Scotland’s oldest family firm has celebrated three centuries of industrial success. John White & Son Ltd has been supplying weighing machines from its premises in the Fife town of Auchtermuchty since in 1715 after blacksmith John White made a “particularly fine” beam end scale.

Ian Wright of WRI A popular Ayrshire fish and chip shop has been saved from going out of business after its fish wholesaling parent company went into administration last month.

Deloitte has told Rangers that it is to resign as auditors of the beleaguered Glasgow club after claiming members of its staff had been the subject of threatening messages. In a letter distributed to Rangers International Football Club plc shareholders, the ‘big four’ firm said the messages were

Reports are circulating ahead of tomorrow’s budget that the UK Government could be prepared to sell-off half of its 80 per cent stake in Royal Bank of Scotland within two years. Last month, Chancellor of the Exchequer George Osborne said The Treasury would begin drawing down its share in the Edinb

Pittormie CastleThe owners of a private members club located on the edge of St Andrews have announced a £12m expansion plan which will create around 40 new local jobs. The Eden Club at Pittormie Castle will shortly embark on a luxurious and sensitive development within the estate to create 10 ultra

Andrew Tyrie New plans outlined by the Bank of England will see the Financial Services Compensation Scheme (FSCS), which guarantees £85,000 of an individual’s savings if their bank goes bust, reduced to 75,000.