News

The Edinburgh Woollen Mill has secured a deal to rescue to the business and its sister brand Ponden Homes in a move which will save nearly 1,500 jobs. The joint administrators at FRP Advisory confirmed that the business had been sold to Purepay Retail Limited, which is backed by an international inv

Nicola Anderson has been appointed as the new chief executive officer of Fintech Scotland. Ms Anderson has been on secondment from the FCA for two years and most recently been the interim chief executive when Stephen Ingledew stepped into a new position of executive chair in November 2020.

Malcolm Cannon, the director of the Institute of Directors (IoD) Scotland, has quit the role for a new post with Simpson & Marwick in Edinburgh, after less than 18 months in the job. Mr Cannon has been appointed as the new managing director of Simpson & Marwick's property services in Edinbur

Bank of Scotland owner Lloyds Banking Group has unveiled the next stage of its plan to boost Scotland’s fintech workforce in the fastest-growing digital economy outside London. As part of the launch of its new tech hub in Edinburgh in March 2019, Lloyds announced a recruitment drive to create

A strong final quarter of 2020 saw shares in Scottish companies outperform the wider FTSE and AIM All Share indices, with the effects of the COVID-19 pandemic creating clear winners and losers from the crisis, according to analysis from Brewin Dolphin. The wealth manager found that Scottish organisa

The private equity industry has a unique opportunity to accelerate the UK’s economic recovery in the coming decade and contribute to the government’s levelling up agenda, according to Edinburgh-based private equity firm LDC. Speaking as LDC provided an annual summary of its performance,

According to a recent survey, post-Brexit Britain is considered a prime real estate proposition by investors, developers and asset managers from across Europe, China and the US. Notably, it ranked the UK highest for future residential property investment. The UK property sector reportedly attracts i

Finance secretary Kate Forbes is urging the UK Government to release £21.3 billion of reserves to help tackle the impact of coronavirus. She has written to Chancellor Rishi Sunak asking that the Scottish Government be given its share of the funds now. This would total around £1.7bn if th

SoConnect, the Borders-based telecom, internet and IT managed services business, has acquired Edinburgh-headquartered IT Centric, an IT and telecoms services business serving corporate clients in Edinburgh and across Central Scotland. IT Centric was founded in 2004 by managing director Gordon Sayers

The Financial Conduct Authority (FCA) has proposed changing guidance on mortgages and consumer credit repossessions so that consumer credit firms will be able to repossess goods and vehicles from 31 January 2021.

Almost 25,000 Self Assessment customers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1 million, HM Revenue and Customs (HMRC) has revealed. In October, HMRC increased the threshold for self-serve Time to Pay arrangements from

The key to the room where Napoleon died is to be auctioned at Sotheby's after it was found in Scotland.

Souter Investments, the private equity focussed family investment office of Sir Brian Souter and the Souter family, has appointed John Berthinussen and Calum Cusiter as co-managing directors. Having founded the family office with Sir Brian in 2006, and after 14 years as managing director, Andy Macfi

The online tax return deadline looms at the end of January, and according to new research from EY TaxChat, up to a fifth of self-employed UK workers surveyed may not yet have completed their return.

Neil Norman, head of entrepreneurial tax and senior tax partner at Chiene + Tait, discusses the issues surrounding potential changes to taxation in light of the COVID-19 pandemic.