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A London-based jeweller has created a novel, diamond-clad timepiece that transforms effortlessly into £27 million ring. Called The Fascination, the unique piece features 152.96 carats of white diamonds and a 38.13-carat pear-shaped diamond that can be worn as the centrepiece of the watch bracelet â

A Scottish businessman has been found guilty of defrauding his dying friend out of nearly £500,000. Keith Cameron, 54, is facing jail after being found guilty at Edinburgh Sheriff Court of conducting a fraudulent scheme that involved him convincing a childhood friend who was terminally ill with can

Perth-based energy giant SSE has been hit with a £100,000 bill for overcharging fees at six of its power stations. Energy regulator Ofgem found the ‘Big Six’ supplier demanded excessively high payments to switch off its hydropower stations when the grid could not cope with their electricity.

A new Accounts Commission report published today says Scottish councils need to make better use of information to clearly set out the impact of borrowing in the longer term to help councillors make informed decisions and undertake their scrutiny roles. The report says total councils' debt from tradi

Glasgow-based Clydesdale Bankhas announced that Ian Smith, its chief financial officer, (CFO) has been appointed as an executive director.

The annual tax to be raised from the value of all the debts in UK banks is to be raised from 0.156 per cent to 0.21 per cent following yesterday’s budget announcement. It is the ninth rise since the tax was first introduced in 2011 at a rate of 0.05 per cent.

The Scotch Whisky Association has welcomed Chancellor George Osborne’sannouncement yesterday to cut the duty paid on spirits by 2 per cent -the first cut in spirits duty for 20 years. The industry body, which has spent months lobbying for the break, said the move will benefit both producers and co

Chancellor George Osborne yesterday finally responded to months of appeals from industry leaders to slash North Sea oil and gas taxes by announcing in his Budget statement that Petroleum Revenue Tax (PRT) would be cut from 50 per cent to 35 per cent. The existing supplementary charge for oil compani

George Osborne has delivered his sixth Budget as chancellor, and the last of the current Parliament. Below is a summary of the key points announced as compiled by Edinburgh-based accountants Chien + Tait:

Glasgow-based Clydesdale Bank is to become the first to produce mainland UK plastic banknotes. Clydesdale polymer £5 notes go into circulation from today, well in advance of the Bank of England following suit in 2016.

The Scottish Loan Fund (SLF) has announced that it has committed £700,000 of funding to the event services and management business, ExecSpace, to support its businesses growth strategy. The investment will provide a significant boost to the business as it looks to widen its geographic reach into Lo

The head of the Church of Scotland has called for a debate on the creation of a new system of credit to help those unable to access regular loans. The Rt Rev John Chalmers said the poorest are "most badly served and most easily exploited" by the credit market.

The Edinburgh-based Green Investment Bank (GIB) has announced plans to co-fund a £111 million recycling and waste-to-energy plant in South Lanarkshire despite protests from environmental campaigners. The government-funded bank said it had invested more than £28m in the new facility at Forth, due t

Flaws in the insolvency system have been exposed by the collapse of delivery firm City Link, according to two groups of MPs. A joint report from two parliamentary committees has concluded that the current system is too heavily skewed in favour of investors over workers.

Scots are increasingly more confident about their ability to repay debts according to PwC’s latest report on the consumer credit industry. The ‘big four’ firm’s ‘Precious Plastic: How Britons fell back in love with borrowing’ report found that only just over one in ten are worried about