News

The Financial Conduct Authority (FCA) has called for so-called ‘host’ Authorised Managers (AFMs) to improve their standards following a review of firms published today. Host AFMs are fund operators that delegate investment management to third-party investment managers outside of their co

Producers and venues have been awarded £1 million by the Scottish Government to support the safe return of live events at this year’s Edinburgh International Festival and Edinburgh Fringe. The funding will help to create outdoor performance spaces and mitigate the additional costs faced

A wanted man was arrested after giving police officers a fake name – which happened to be the name of another wanted man.

AssetCo, the new asset management business launched by north east entrepreneur Martin Gilbert, has posted a strong first-half performance with profit before tax reaching £22.3 million. The Income Statement for the six months ended 31 March 2021 shows revenue of nil (2020: nil), but a profit be

Kris Barclay has joined Seven Investment Management (7IM) as head of private clients, Edinburgh, bringing more than 20 years of industry experience to the role. Mr Barclay will be responsible for leading 7IM’s Private Client proposition in Edinburgh and Scotland as well as continuing to work d

Iskander Fernandez, partner at law firm BLM, discusses HMRC's role in leading over 12,000 interventions into the use of UK Government COVID support schemes. Research by BLM into the various coronavirus-related fiscal support schemes revealed that at the close of Q1 2021, HM Revenue & Customs (HM

The announcement by the First Tier Tribunal (FTT) earlier this month in favour of the taxpayer in the Colin Newell vs HMRC case (TC/2018/03780) is “a welcome decision”, according to Saffery Champness. Sean McGinness, partner and head of VAT, Saffery Champness, and a member of the firm&rs

Annual house price growth rises to 13.4%, the highest level since November 2004, according to the latest Nationwide House Price Index.

Standard Life Private Equity Trust plc, a company managed by Aberdeen Standard Investments (ASI) has posted strong six month results despite a volatile year for capital markets.  The company’s NAV total return was 14.9%, compared to the 11.7% reported on 30 September 2020, versus 18.

A new report published by Temenos, the Swiss banking software company, has found that 65% of global banking executives believe branch-based banking will be “dead” within five years.

Funding of £500,000 has been awarded to the Forth Valley Bus Alliance (FVBA) to deliver improvements to bus services across the region. Transport Scotland confirmed the award from the Bus Partnership Fund last week.

Edinburgh-based private rental homes specialist Sigma Capital Group has hailed its “continuing good progress” as it prepares to be acquired by a pan-European property specialist. Earlier this month, an agreement was reached on the terms for a recommended cash offer for Sigma by PineBridg

National framework provider Pagabo has opened a dedicated Scottish office in Motherwell to be headed by experienced construction professional Peter Queen. The organisation, which is headquartered in central Hull, provides local authorities and public sector bodies with compliant framework agree

UK firms defied predictions of the demise of private capital, by raising over half a trillion pounds last year outside of public and stock markets.

The Financial Reporting Council (FRC) has announced the appointment of Hannah Nixon and Ruwan Weerasekera as non-executive directors (NEDs) to the FRC Board. They join the FRC Board at a time of significant growth and transformation as the FRC transitions into the Audit, Reporting and Governance Aut