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Dundee-based accountancy firm MHA Henderson Loggie has revealed its predictions for the upcoming budget and its impact on businesses across the UK. The budget announcement on March 3 will finally reveal how the chancellor is going to tackle the tangle of financial challenges brought about by a

Ewen Stevenson, the chief financial officer of HSBC will donate the first year of his pay increase to charity, according to the bank's annual results.  Mr Stevenson is set to receive a £147,000 pay rise, increasing his base salary to almost £1.1 million. HSBC's annual results state

Barclays is providing a support programme to local businesses in Kilmarnock to help the UK’s economic recovery at a city-wide level. Focusing first in Kilmarnock, one of Barclays’ Rebuilding Thriving Local Economies (RTLE) pilot areas, the package offers support to boost growth for local

The Financial Conduct Authority (FCA) has today published final guidance clarifying its expectations of firms on the fair treatment of vulnerable customers. The guidance aims to drive improvements in the way firms treat vulnerable consumers so that they are consistently able to achieve outcomes that

The last of Speyside distillery The Glenrothes’ 50-year-old Single Malt Scotch Whisky has gone under the hammer at an exclusive auction for £39,000.

The Financial Reporting Council (FRC) has reviewed the plans for the operational separation of the audit practices of the Big Four and confirmed that they can now move on to the next stage of implementation. The FRC published principles for operational separation of the audit practices of the B

Edinburgh developer Glencairn Properties is set to double its profit in the next three years despite the ongoing social and economic challenges posed by COVID-19. Since March 2020, Glencairn Properties has had three planning permissions approved and are awaiting the application results for one

NatWest Group has issued a €1 billion affordable housing social bond, the first of its kind by a UK bank. The issuance reinforces NatWest Group’s July 2020 commitment to provide £3bn of funding to the UK’s affordable housing sector by the end of 2022.

HMRC has annoucned that over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments.

PwC UK has predicted that global insurance run-off liabilities will reach $864 billion in 2021. According to the firm's latest Global Insurance Run-off Survey, the growth in legacy activity predicted in the last edition of this report has materialised, boosted by significant investment in both new a

UK productivity declined in the final quarter of 2020, after bouncing back in Q3 following falls in both Q1 and Q2, according to the latest figures released by the Office for National Statistics (ONS).

The number of women on FTSE boards has increased by 50% in the last five years, according to the newly released Hampton-Alexander Review.

Bank of Scotland owner Lloyds Banking Group has resumed dividend payments despite reporting a 72% drop in profits. For the year ended 31 December 2020, the bank's profits dropped to £1.2 billion, down from £4.39bn last year. Lloyds Banking Group has also allocated £4.bn to cover fu

HSBC is set to cut its office space by nearly half over the next few years in anticipation of the long-term workplace changes caused by the COVID-19 pandemic. The bank, which is Europe's biggest, will abandon 40% of its offices in London and other cities around the world but keep its headquarters in

Scottish challenger Alba Bank backed by industrialist Jim Mccoll has launched a £5 million series A funding round. The early-stage investment will facilitate aspiring challenger Bank Alba' transition to second-stage operational status under a restricted license.