News



Banks to be banned from charging more for unarranged overdrafts

Banks and building societies will be banned from charging higher prices for unarranged overdrafts than for arranged overdrafts under new reforms announced by the Financial Conduct Authority (FCA).

Published 10 June 2019

Group finance director appointed at Cruden

Euan Haggerty has been appointed as group finance director at development and construction firm Cruden Group.

Published 10 June 2019

Finance professionals already experiencing increased costs because of Brexit

Finance professionals and their organisations have already incurred additional costs as a result of Brexit, according to a new survey by the Institute of Chartered Accountants Scotland (ICAS).

Published 10 June 2019

Noble Grossart in £5m payout to founder Sir Angus Grossart

Edinburgh-based merchant bank Noble Grossart has paid out around £5 million in dividends to its founder Sir Angus Grossart.

Published 10 June 2019

LAW records sharp rise in employment claims following abolition of fees

Employment law, HR and health & safety specialist, Law At Work (LAW), has recorded a sharp increase in employment claims since fees were abolished in July 2017.

Published 10 June 2019

Nearly half of Scots targeted by scammers in a year

Nearly half of Scots have been targeted by scammers in the past year, according to new research published by Citizens Advice Scotland (CAS).

Published 10 June 2019

And finally... holy smoke

The Church of England is to consider investing in medical marijuana for the first time after relaxing a self-imposed ban, according to reports.

Published 10 June 2019

Prudential to move 400 jobs to Edinburgh

M&G Prudential (M&GP) has announced a UK-wide location strategy that will see 400 jobs moved to the Scottish capital.

Published 7 June 2019

FCA confirms biggest shake-up to the overdraft market for a generation

The Financial Conduct Authority (FCA) has today confirmed it is introducing reforms to fix what it says is "a dysfunctional overdraft market" that will mean banks and building societies will no longer be allowed to charge fixed daily or monthly fees for overdrafts.

Published 7 June 2019

Scotland defies UK employment trend and sees solid permanent jobs growth

Permanent placements in Scotland's labour market rose during May amid declines across the UK as a whole, according to the latest Royal Bank of Scotland Report on Jobs.

Published 7 June 2019

Fife fintech launches £4m crowdfund campaign

Fife fintech company PaySend has been valued at £125 million in a new crowdfunding campaign that launched today with platform Seedrs.

Published 7 June 2019

R3: Almost half of adults in Scotland worried about current debt levels

Over two fifths (44 per cent) of adults in Scotland are worried about their current level of personal debt, a new survey of over 2,000 British adults by insolvency trade body R3 in Scotland and ComRes has found.

Published 7 June 2019

‘New FCA rules on marketing to P2P investors risk undermining the ethos of P2P lending’

The Financial Conduct Authority’s (FCA) overhaul of the peer-to-peer (P2P) lending sector risks changing the origins of the industry and could mean institutional investors dominate the market, Orca Money, the Edinburgh-based peer-to-peer investment aggregator and analyst, has warned.

Published 7 June 2019

Saffery Champness moves to address inheritance tax knowledge gap following HMRC findings

Research published for HMRC on 17 May 2019 has found that half of people gifting either money or assets were not aware of the rules and exemptions around Inheritance Tax (IHT).

Published 7 June 2019

Scottish Salmon reclaims top spot as the UK’s number one food export

Scottish farmed salmon is again the UK’s largest food export after the first quarter of 2019 saw Scottish producers sell £206.5m to overseas buyers, as demand for the fresh product strengthened.

Published 7 June 2019