News

Outgoing Royal Bank of Scotland chief executive Ross McEwan has this week taken the occasion of a Glasgow speaking engagement to warn that the UK faces a period of “pain and anguish” as a result of Brexit and it should be left up to the Scottish people if they want to take the escape rou

Deloitte has boosted its Aberdeen-based practice with the announcement that Sarah McGavin has rejoined the firm as an audit director. Ms McGavin returns to Deloitte after a four-year spell in industry with MOL Group, an international integrated oil and gas company, where she was accounting and repor

The SNP has ramped up pressure on the government to take steps to prevent corporate money laundering in their response to the UK government consultation on corporate transparency and register reform.

Buccleuch, the company that controls the business interests of the Duke of Buccleuch and his family, has reported that annual profits rose massively from £5.2 million to £23.2 million in the year that proved to be the final one for the duke as chairman. The firm said that while a signifi

Standard Life Aberdeen has reported that clients have pulled a further £15.9 billion from the Edinburgh-based asset management group in the first six months of 2019. Cash inflows of £36.5 billion were undercut by outflows of £52.4 billion as customers defected in the wake of poor p

Permanent staff placements fell for the first time in two-and-a-half years in Scotland last month, according to the latest Royal Bank of Scotland Report on Jobs. The bank said there were signs firms were looking at short-term staff to fulfil roles, as temp billings returned to growth.

Aberdeen Standard Investments has completed the setting up of a joint venture between it and Virgin Money. ASI said the joint venture will give it the opportunity to offer investment solutions to Virgin Money's parent company Clydesdale Yorkshire Banking Group's combined customer base of six mi

One in ten properties in Edinburgh city centre are listed on Airbnb, according to a new investigation.

Care home operator, Renaissance Care has secured an additional £600,000 of funding from Barclays to accelerate its long-term growth plans and finance further improvements to its portfolio of 14 care homes.  This deal has followed on from a previous funding package of £4.5 milli

A man has admitted his involvement in an £86,000 forklift ram-raid on a Co-op store in the border town of Gretna.

The number of companies entering into administration, receivership or liquidation in Scotland increased by more than 45 per cent (45.72 per cent) in the first six months of 2019 when compared to the same period last year, according to new analysis from KPMG. There were a total of 698 corporate insol

Borders and Berwickshire-based accountants Rennie Welch has significantly expanded its Berwick-on-Tweed practice following a merger with local firm Optimus Accounting. Patrick Evans, who founded Optimus in 2011, will now join Rennie Welch as a partner bringing his team of staff to the firm.

Blair Nimmo and Alistair McAlinden, of KPMG have been appointed as joint administrators of A1 on Friday 2nd August 2019. Operating from leasehold premises in Aberuthven (near Perth), A1 sold and rented a range of motor homes to the general public under the Scot Motorhomes brand.

Grant Thornton UK has promoted Joanne Brown to partner to lead its public services offering in Scotland. With over 18 years’ experience providing audit and assurance services to a range of public sector organisations, Ms Brown’s most recent role was head of the public services assurance

The British banking system is an ‘accident waiting to happen’ according to a new report released this week by the Adam Smith Institute, nearly 12 years after the run on Northern Rock heralded the beginning of the financial crisis.