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Housebuilder Barratt Developments has said that it expects annual profit to beat market forecasts after it delivered a record number of home completions and improved margins. In a trading update for the year ended June 30, the company said pre-tax profit would be around £910 million, up from &

The World Wealth Report 2019 (WWR), published this week by Capgemini, has found that after seven years of continuous growth, overall global high net worth individual (HNWI) wealth declined by 3 per cent in 2018. Largely due to a drop in wealth in the Asia-Pacific region (specifically China as fallou

Standard Life Assurance Limited has today announced it has received authorisation from The Pensions Regulator (TPR) for its two Master Trusts – the DC Master Trust Scheme and the Stanplan A scheme. Looking after over 240,000 members the Standard Life master trusts are among the biggest in

Johnston Carmichael has strengthened its leadership team with the appointment of a restructuring director. Jenn Stewart, brings 16 years of experience to her new role at the accountancy firm which forms part of Johnston Carmichael’s strategic expansion of its restructuring team&

Still more than 60 per cent state-owned Royal Bank of Scotland has announced that the completion of the merger between Alawwal bank and Saudi British Bank will make it easier to exit its investment in Alawwal. RBS acquired its interest in Alawwal after leading the disastrous £49 billion takeov

The Institute of Chartered Accountants of Scotland (ICAS) is calling for the UK to implement a US-style Sarbanes-Oxley regime on internal controls, to make audit fit for purpose for the 21st century. In its response to Sir Donald Brydon’s ‘call for views’ on the

In its 31st annual Financing Property presentation, hosted yesterday in Edinburgh, Savills says that social, demographic, political and technological disruption is causing fundamental shifts in UK property, posing challenges but also offering opportunities for the lending industry. Savills says

One tenth of Scots who are in work have had to miss paying gas or electricity bills at least once in the last year because they have run out of money, according to new statistics calculated and published by Citizens Advice Scotland (CAS). The figures, based on a survey conducted for CAS by YouGov, a

Falkirk-based Alexander Dennis Limited (ADL), the world’s biggest manufacturer of double deck buses and leading British bus and coach builder, has been acquired by NFI Group, North America’s largest bus and coach manufacturer. The transaction creates an independent global bus and coach m

Biotangents, a Scottish medical diagnostics business, has secured £1.5m of new investment following the completion of a second fundraising round. Led by the investment syndicate Kelvin Capital, and with Scottish Investment Bank participation, the oversubscribed funding round will support the c

Accountancy firm Saffery Champness has appointed a new VAT senior manager on the same day Sean McGinness is promoted to VAT partner. As of today's announcements, Saffery Champness now has 13 partners across its Scottish offices.

Scottish shares on the FTSE outperformed the wider market during the first three months of 2019 but their AIM-listed counterparts significantly underperformed the index, according to analysis from Brewin Dolphin. The wealth manager found that Scottish organisations listed on the main market ended Ma

The Financial Conduct Authority (FCA) has issued a fresh warning to General Insurance (GI) firms about manufacturing, sales and distribution approaches that the watchdog says lead to customers "purchasing inappropriate products, paying excessive prices or receiving poor service".

Up to 400 new jobs will be created during the next three years after KPMG today announced Glasgow as the location for its second UK Managed Services hub. The hub will see 200 jobs created in the short term – 50 are already in place, with a further 150 commencing from June – wit

Scottish independent wrap platform provider, Nucleus, saw net revenue growth of 9.6 per cent last year, according to the firm's latest annual results. Audited annual results for the year ended 31 December 2018, a year that saw Nucleus' successful admission to trading on AIM in July, were descri