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Accountants BDO have issued a warning to individuals that the taxman is targeting hidden earnings and income through its use of a new computer program which gives it access to databases of personal financial information. HM Revenue and Customs (HMRC) is utilising a program called ‘Connect’ to lo

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Edinburgh-based Standard Life Investments has reported that assets under management have hit £250 billion from £245.9 billion at the end of 2014 on the back of its recent acquisition of Ignis. Flows into SLI’s multi-asset products were also up during the first half of the year as the firm delive

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The UK Government has been forced to defend its decision to begin the sell-off of its 80 per cent stake in bailed-out Royal Bank of Scotland for a loss of £1 billion. Overnight the government announced that it had sold 5.4 per cent of its near 80 per cent stake in the Edinburgh-based lender at 330p

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New industry research has revealed a 42 per cent gender pay gap between lawyers in Scotland. The study, carried out by the Law Society of Scotland compared average full-time and full-time equivalent (for part time/flexible hours employees) salaries for women and men at all career stages.

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The Scottish Loan Fund (SLF) has provided funds for its existing portfolio company Merson Group's acquisition of ASG Essex Ltd (ASG), a long established signage business servicing the UK’s largest brands. The SLF originally committed £3 million of funding to Merson in 2012 initially to support it

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Edinburgh-based Royal Bank of Scotland has announced plans to shut three more of its branches in the capital. The bank, which was bailed out by taxpayers at the height of the financial crisis in 2008 to the tune of £45 billion, said its latest round of closures will include its Fairmilehead, Colint

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Myriam Madden Myriam Madden has been elected President of the Chartered Institute of Management Accountants (CIMA).

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Edinburgh-based Lloyds Banking Group has reported a 38 per cent rise in half year pre-tax profits while at the same time setting aside a further £1.4 billion to compensate customers to whom it mis-sold payment protection insurance (PPI). The bank said profits for the six months to the end of June w

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