Rupert Thompson, chief investment officer at wealth management group Kingswood, discusses rebounding global economies and the resumption of value. Equities continued their strong run last week with global markets gaining a further 0.8% to be up 10.7% since the start of the year. The US reporting sea
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First Minister Nicola Sturgeon has confirmed a significant easing of lockdown restrictions in Scotland from Monday, however, the Federation of Small Businesses (FSB) has warned that recovery was far from assured for many local firms.
Praemium, the global custody and investment platform, is opening a dedicated hub on Edinburgh’s George Street. The global business said Edinburgh offers an unrivalled physical base for cross-discipline, collaborative working – as it boasts a major European financial centre, established f
EY: Businesses shun litigation for conciliation amid pandemic, rise in legal claims in 2021 expected
UK businesses have avoided using litigation to resolve commercial disputes during the COVID-19 pandemic, instead turning to negotiation and mediation, according to new research by EY. The research suggests that UK companies have heeded official guidance, released by the Cabinet Office in May 2020, w
FRC proposes extending application period for accounting requirements covering COVID-19-related rent
The Financial Reporting Council (FRC) has issued an Exposure Draft that proposes to extend the application period of requirements that cover the accounting treatment of temporary rent concessions occurring as a direct consequence of the COVID-19 pandemic by one year. FRED 78 proposes that requiremen
Almost two in five (37%) of people who are close to retirement have accelerated retirement due to the coronavirus pandemic, according to a new report released by Standard Life Aberdeen (SLA).
NatWest Group has become one of 43 banks globally to join the Net Zero Banking Alliance, a coalition of financial services companies that have pledged to work together to help deliver the Paris Agreement. As the banking sponsor of the COP26 climate summit, NatWest Group’s membership of this gl
Edinburgh-based Baillie Gifford has invested £72 million ($100m) into Blockchain.com, the UK’s biggest cryptocurrency company, signalling a new stamp of approval for Bitcoin and other cryptocurrencies.
In a major review of the UK audit sector, the Institute for Public Policy Research (IPPR) has identified glaring deficiencies in how the sector is assessing firms’ finances and governance, leaving the door open to more costly Carillion-style business collapses.
Chartered accountants Wylie & Bisset has become the first office in Glasgow to protect its staff with the installation of the world’s smartest air purification technology. The firm’s investment in the health and wellbeing of its staff was made weeks before a team of scientists issued
The number of commercial rent disputes between occupiers and landlords in Scotland referred to a third party for determination halved in the 12 months to the end of February 2021, according to new analysis from Knight Frank. The independent commercial property consultancy obtained figures from the R
A celebrity psychic who said he lost his powers after a car accident is facing a £100,000 legal bill after a judge ruled he had been "fundamentally dishonest" in his claim for compensation.
Scotland’s onshore GDP grew by 0.9% in February, according to statistics announced today by Scotland's Chief Statistician.
Fraser Kane looks at the shape of things to come for non-transferable debt securities. On 19 April 2021, the Treasury launched an open consultation concerning the future regulation of the issuance of non-transferable debt securities (NTDS), also commonly known as “mini-bonds” in the
activpayroll, the global payroll and tax compliance specialist headquartered in Aberdeen, has announced the launch of its first English office in the city of Manchester. The firm said the latest opening will be a significant addition to the firm’s current global offering which already boasts n