News

The Bank of England has announced that it will withdraw its mortgage stress test from the start of August this year. In March, the bank's Financial Policy Committee proposed withdrawing affordability rules that were put together after the financial crisis and require banks to check whether borrowers

Nationwide Building Society has increased the interest rate on its FlexDirect current account to a "market-leading" 5%. The 5% AER rate (4.89 gross) will be available for new applications opened from 21 June on balances up to £1,500 for the first 12 months. Those switching their current accoun

LGT Wealth Management has announced the opening of its first office in Scotland, headed up by John Godfrey, formerly regional centre head and senior investment director at Barclays Wealth and Investment Management. Following the success of LGT Wealth Management’s first regional office in Brist

Audit partners at Big Four accountancy firm EY are set to receive multi-million-pound payoffs if the firm implements plans to separate its audit and consulting business. In June, it emerged that EY was considering a full separation of its auditing and consulting business. According to leaked interna

Homeowners renting out their properties to visitors during events, festivals or sporting occasions could be exempted from a new licensing crackdown on short-term lets.

STV is currently on track to exceed its £40 million Studios revenue target for 2023, signalling a 7% increase for the broadcaster. The news came as STV Studios and Tod Productions announced that they have won an 8-part scripted series "Criminal Record" for Apple TV. The broadcaster said that t

Wealth manager Brewin Dolphin has commissioned a report which examines the financial habits of Scotland in order to understand more about people’s attitudes to their money, their knowledge and competence with it, and how they are intending to use it to support their futures.

Scottish entrepreneur Dr. Suelynn Tan-Stroud has fulfilled her ambitions and acquired her first dental practice thanks to a six-figure funding package from Bank of Scotland. Dr. Suelynn Tan-Stroud is a dental practitioner based in Midlothian. She graduated in 2012 from the University of Dundee and h

The Scottish investment sector is paying between 15-20% more in retention salaries just to keep hold of staff working in specialist finance and client services roles, according to recruitment firm Core-Asset Consulting. Staff working in areas such as tax and audit, Socially Responsible Investment, E

Hundreds of kilograms of cocaine have been turned over to police by baffled supermarket workers after being discovered in shipments of bananas from Colombia. The drugs – totalling around 998 kilograms, worth nearly £70 million – were mistakenly delivered to a number of Czech superm

Scotch Whisky Investments (SWI) has heralded a significant investment in Fife, including proposals for the delivery of a new mixed-use development in Falkland, which will incorporate a new corporate headquarters building, and an expansion of a proposed whisky storage facility in Glenrothes.

A Dundee sheriff has granted an application by the Accountant in Bankruptcy for reduction of a 2017 disposition of heritable property in favour of a sequestrated man and his second wife and ordered the couple to execute a fresh disposition in the AiB’s favour. Graeme Allan, the first defender,

The Scottish Government’s income from homeowners has risen over 65% in the last three years according to analysis of the latest figures by property firm DJ Alexander Ltd. The firm found that the latest Land and Buildings Transaction Tax (LBTT) data reveals that the Scottish Government has seen

Over 200 KPMG UK colleagues in Aberdeen, Edinburgh and Glasgow took part in two of the firm’s charitable ‘Big Walks’ last week in support of charity partner Marie Curie, the end-of-life charity. The Big Walks took place in Aberdeen on Thursday 16 June and Falkirk on Friday 17 June

Peter Graham, director of Henderson Loggie’s forensic accounting practice in Scotland, who is regularly appointed as expert determiner by the President of ICAS, has revealed that lawyers in Scotland have experienced issues when examining or cross examining witnesses in virtual courtrooms. Hend