News

The Financial Conduct Authority (FCA) has fined HSBC £63,946,800 for failings in its anti-money laundering processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC&

The hearing of the formal complaint of ­the Executive Counsel to the Financial Reporting Council (FRC) under the Accountancy Scheme against KPMG, a former KPMG partner, and certain current and former KPMG employees will begin on 10 January 2022. The Formal Complaint alleges Misconduct against KP

The first text message ever sent is being put up for auction by Vodafone.

Aberdeen business networking firm ABN has celebrated another successful 12 months with its end-of-year awards ceremony. The awards, held at 8848 Restaurant in Aberdeen, celebrated the success of ABN members. ABN has nearly 7,000 online members and holds monthly networking events to help companies wi

A growing economy and a strengthening of the labour market will provide a positive backdrop for real estate in 2022, with total returns for all UK property forecast at just over 6%, according to the latest UK Real Estate Outlook from CBRE. In the near term, rising Covid-19 cases, including the new O

The introduction of further restrictions in response to the Omicron Covid-19 variant could derail the fragile economic recovery and have a devastating impact on Scotland’s crucial SME sector, according to Blair Milne, head of restructuring insolvency at Azets in Scotland. Blair Milne has

Aberdeen-based accountancy firm Hall Morrice has made a senior appointment to the newly created role of tax director. Chris Colville, originally from Turriff and a graduate of the University of Edinburgh, has most recently been a business tax associate director at a big four firm. Prior to this, he

Businesses in the Highlands and Islands continue to be challenged by increasing costs, economic uncertainty and supply chain issues, according to the latest business panel survey undertaken by Ipsos MORI for Highlands and Islands Enterprise (HIE). More than a thousand businesses in the region were c

Edinburgh’s solid house price growth, highly educated residents and expected population growth has seen it take over the top spot for residential investment in Colliers’ latest Top UK Residential Investment Cities report. The Scottish capital moved up from second place, pushing Cambridge

The Aberdeen New Dawn Investment Trust plc, a company managed by abrdn, has seen its Net Asset Value (NAV) total return drop by 0.7% in the six months ended 31 October 2021. This is compared to a rise of 43.4% in the year ended 30 April 2021.

The central outlook is still for the Scottish economy to meet pre-pandemic levels in the Spring, but Omicron casts a shadow over the speed of recovery in 2022 as restrictions are increased, according to the Fraser of Allander Institute (FOAI). The institute, which is operated by the University of St

Scotland's Chief Statistician has released statistics showing that the economy grew by 1% during July to September 2021.

Blood donors will be rewarded with Christmas trees under a novel scheme in Poland.

A warehouse unit at Eurocentral in Scotland’s central belt, let to the Swedish commercial vehicle manufacturer Scania, has been acquired off-market by a private investor for around £11 million.

Knight Frank has appointed Harry Hawksby to lead its new trading business valuations service in Scotland, enhancing its experience across a wide range of leisure property and expanding the capabilities of its hotel, leisure and trading real estate teams. Mr Hawksby joins the independent commercial p