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Lloyds Bank International has announced that it will be cutting 80 jobs as investment management firm Brooks Macdonald has purchased part of the business. The cuts will be made across various teams based in Jersey, Guernsey and the Isle of Man.

HM Revenue & Customs’ (HMRC) specialist ‘task forces’ have collected £540 million in extra tax revenue for the UK authority in the last financial year, according to research by Pinsent Masons. The amount collected by the task forces in 2019/20 was broadly level with that

The Financial Conduct Authority (FCA) has said that insurance firms must consider the impact of coronavirus when assessing the value of their insurance products. The guidance sets out what the FCA considers firms should be doing to identify any material issues that affect the value of the gener

Michael Reid, managing partner at Aberdeen-based Meston Reid & Co, discusses the suspension of wrongful trading. When the temporary suspension of wrongful trading rules for company directors was announced, the UK government commented that it was designed to help business owners combat the f

Companies and other organisations are taking a mixed approach to salary sacrifice during the coronavirus pandemic, according to a poll from The Chartered Governance Institute (ICSA) and The Core Partnership.

Stuart Robb and Michelle Elliot of Leonard Curtis Business Rescue & Recovery have been appointed joint provisional liquidators of Doorset Technology Limited. Established in 2010, the company trades as a manufacturer, distributor and project manager for doors, doorsets and related compo

Business confidence in the UK has reached a record low due to the impact of COVID-19, according to the latest CFO Survey by Deloitte.

Scottish Building Society chief executive Paul Denton has forecast that Scotland’s £18 billion housing market will experience two waves of bounce-back when the country emerges from lockdown. Mr Denton expects that the market will return to pre-COVID-19 levels. 

Financial research specialist Substantive Research Limited has secured an £800,000 investment package from private equity investment manager Foresight Group. Substantive Research is based in London but recently opened an office in Edinburgh.

TSB has today announced it will ensure that all of its smallest suppliers will be paid within just 10 days of invoicing the bank. The move will apply to all companies that supply goods and services to the bank, even if the contract allows it to pay over a longer period.

Highland Council is expected to save hundreds of thousands of pounds a year and significantly reduce its carbon emissions thanks to energy efficiency upgrades part-funded by the Scottish Government through Salix Finance.

Hammerson, the owner of both the Glasgow Silverburn and Aberdeen Union Square shopping centres, has seen its pre-tax losses plummet to £573.8 million in the year to December 31st.

Lloyds Banking Group has reported a sharp drop in profits to £4.4 billion before tax, down from nearly £6 billion in 2018.

Following her delivery of the Scottish Budget, Kate Forbes has been appointed as cabinet secretary for finance. Ms Forbes' appointment was announced alongside the other cabinet appointments to the Scottish Government.

Jenny Simpson, partner and head of Wylie & Bisset’s charities team, has been re-appointed to the advisory committee that oversees the rules for how charities across the UK and Ireland report on their finances. For the first time, the committee will include organisations which work closely