News

KPMG has appointed Rob Aitken as the new director of its transaction services team as it eyes post-lockdown growth across its Scottish offices. Mr Aitken will be based at the firm’s new city centre offices in Aberdeen, providing support to a range of clients including energy firms as they navi

Royal Bank of Scotland owner NatWest Group has posted its results for the first quarter of 2021 revealing an 82% increase in operating profits before tax. The bank's profits rose to £946 million from £519m in the first quarter of 2020.

Scottish Friendly, Scotland’s largest financial mutual, has announced that sales of its investment ISAs reached a record high in 2020 despite it being one of the most turbulent years in the company’s 160-year history. Own-brand sales rose by 13% to £15.7 million in the year to 31 D

Iain Penman, senior associate at Brodies LLP, discusses fiduciary duties and why they may still apply after a director resigns. Did you know that a director's fiduciary duties can still apply, even after they have resigned? This was the situation in the recent case BVI case of Byres v Chen ) where a

Sir Brian Souter and Dame Ann Gloag, the founders of Stagecoach Group, have begun the process to sell their stakes in the company. The Scottish siblings launched the business in 1980 and are now selling their 27.1% stake in the group. The two intend to reduce their combined shareholding to 5% over t

Commercial property consultancy Knight Frank has appointed Scott Hogan to lead its industrial and logistics practice in Scotland. Currently based in Aberdeen, Mr Hogan will relocate to the central belt to take up the newly created, nationwide role as the sector experiences a boom in activi

Law firm MacRoberts is to take up new premises in Edinburgh in the coming months. The firm will move to a new office at 10 George Street to support its focus on hybrid working.

Scotland’s political leaders have been quizzed by the Federation of Small Businesses (FSB) about their plans for getting Scotland’s local and independent businesses back on their feet.

The Financial Conduct Authority (FCA) has launched a consultation on potential reforms to the UK Markets in Financial Instruments Directive (MiFID). Alongside the Treasury, the regulator is considering reforms to capital markets looking at changes to the UK’s regulatory regime to ensure t

The number of current account customers ditching and switching their bank dropped in the first three months of 2021, according to figures released by the Current Account Switching Service (Cass).

UK car production rose 46.6% in March, the first increase after 18 months of decline, with 115,498 cars manufactured, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).

The percentage of UK businesses expecting their workforce to grow in the next three months rose from 19% in Q4 2020 to 27% in Q1, according to the latest Quarterly Recruitment Outlook published by the British Chambers of Commerce (BCC).

The Royal Mint has unveiled the biggest coin in its 1,100-year history, weighing in at 10kg.

Tim Cooper, chair of insolvency and restructuring trade body R3 in Scotland, has said that the low levels of corporate and personal insolvencies in Scotland over the last year cannot last forever.  The number of corporate insolvencies (liquidations and receiverships) in Scotland fell by 31

Bank of Scotland owner Lloyds Banking Group has posted £1.9 billion of pre-tax profits for the first quarter of this year, as the group released some of the provisions it had made for potential loan losses after the coronavirus outbreak. The bank released £459m from its cash reserve