News
Maven and SIB deliver 4.1x return through sale of Glasgow tech firm
Glasgow-based investment house Maven Capital Partners and the Scottish Investment Bank have announce the profitable exit from Incremental Group Holdings Limited, delivering a return more than four times the original investment for investors.
Published 6 December 2018
No-deal Brexit is likely but business is not prepared for it, ICAS survey finds
A no-deal Brexit is either “very likely” or “quite likely” according to 65 per cent of finance professionals in the latest Brexit Tracker Survey from accountancy professional body, ICAS in association with Scottish law firm Brodies LLP.
Published 6 December 2018
Scottish economic growth in 2019 forecast to fall behind the UK as the labour market weakens and business investment falters – EY Scottish ITEM Club
Following a strong performance in 2018, Scotland’s economic growth is forecast to fall in 2019 as pressure on the labour market intensifies and business investment remains subdued, according to the EY Scottish ITEM Club 2019 Forecast published today.
Published 6 December 2018
Scottish job growth loses further momentum in November - RBS
Permanent roles in Scotland continued to be filled in November but at a rate of expansion that has now slowed for a second month running, according to the latest Royal Bank of Scotland Report on Jobs.
Published 6 December 2018
Latest appointment means number of Deloitte partners in Aberdeen has doubled in past six months
Deloitte has appointed a new partner at its Aberdeen office as the business advisory firm continues to experience significant growth in the city.
Published 6 December 2018
Wylie & Bisset warns clock is ticking on deadline for GP sustainability loan scheme applications
Glasgow-based chartered accountants Wylie & Bisset has issued a timely reminder that the clock is ticking on the deadline for the first applications to the GP sustainability loan scheme.
Published 6 December 2018
Stirling businessman banned for nine years for illegal transfer of company assets
Stirling businessman Euan Snowie has been banned from being a company director after allowing the transfer of company assets to the partnership firm of Euan Snowie Farms in order to help clear debts.
Published 6 December 2018
KPMG partner pay hits £600,000 as scandals fail to halt strongest growth in a decade
In the same year as the catastrophic collapse of Carillion after KPMG gave the contractor’s accounts a clean bill of health, the global auditing firm has reported a significant leap in profits and corresponding average pay rise for its 635 partners.
Published 6 December 2018
Johnston Carmichael announces director promotions
Scotland’s largest independent Accountancy and Business Advisory firm, Johnston Carmichael, has strengthened its leadership team in the Central Belt with two director promotions.
Published 6 December 2018
Aviva bows to consumer pressure and launches industry first subscription insurance product
Aviva, Britain's biggest insurer, which employs 2,500 staff across hubs in Perth and Bishopbriggs, has submitted to mounting pressure to provide customers with a policy that does not penalise those who pay monthly.
Published 6 December 2018
MacKay hints at tax rise for middle earners as think-tank calls for freeze of higher rate tax threshold to lift 40,000 children out of poverty by 2021/22
Finance secretary Derek Mackay has said he “sensed” that there is further scope to increase rates on Scots middle earners while high earners could be in line to receive the big tax cut.
Published 6 December 2018
TSB staff to get IT meltdown bonus
TSB workers are to get a £1,500 Christmas bonuses to reward them for handling its disastrous IT meltdown this year, the bank has said.
Published 6 December 2018
Online Monzo Bank raises £20m in just over two days through crowdfunding
UK app-based bank Monzo has announced today that is its latest crowdfunding drive has been fully subscribed after achieving a cash injection of £20 million in just over 50 hours.
Published 6 December 2018
The FCA publishes findings on long-term mortgage arrears
Today the Financial Conduct Authority (FCA) has published findings on how mortgage lenders treat customers who have long-term mortgage arrears and provide forbearance to affected customers.
Published 6 December 2018
Call to buy Scottish beer as brewers reveal £1bn growth target
Scotland’s national agency for the food and drink industry has made a rallying call for consumers to buy Scottish beer this Christmas as an ambitious new strategy to grow the Scottish brewing sector was unveiled today.
Published 6 December 2018
