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NatWest Group's shares surged to 7.5% in Friday's morning trading after the bank reported positive first-half results, raised its annual outlook, and announced a £2.5 billion mortgage portfolio acquisition from Metro Bank. Despite a 7.7% drop in total income to £7.13 billion, NatWest's p

Alliance Trust has reported a positive performance for the first half of 2024, with increases in both share price, up 9% to 1,212p, and NAV per share, up 8.4% to 1,273.9p. The company's total returns slightly underperformed against the benchmark MSCI ACWI index, primarily due to lower holdings in te

American petroleum drilling firm Helmerich & Payne, Inc (H&P) has come to a definitive agreement to acquire of Portlethen-based KCA Deutag for a cash sum of $1.9725 billion (c. £1.53bn).

Drax shares have soared over 12% to a 52-week high of 636p following strong first-half results, a promising full-year outlook, and the announcement of a £300 million share buyback. Pre-tax profits surged 37% to £463m for the six months ending 30 June. The FTSE 250-listed energy firm now

CB Payments Limited (CBPL) has been fined £3,503,546 by the Financial Conduct Authority (FCA) for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates a prominent cryptoasset trading platfor

The Financial Reporting Council (FRC) has issued a record £48.2 million in fines last year, surpassing the previous year's total. This increase is due to the conclusion of several high-profile cases, including investigations into the audits of collapsed contractor Carillion and the scandal-hit

Four major UK banks, HSBC, Lloyds, TSB, and AIB, are under scrutiny by the Competition and Markets Authority (CMA) for breaching a 2017 order designed to ensure fair competition in the retail banking sector. The order mandates accurate information on products and services, including interest rates a

Johnston Carmichael has appointed a new business advisory director in its Edinburgh office as it seeks to grow its rural sector practice. Annie Fleming, who completed her training at Johnston Carmichael and is Association of Chartered Certified Accountants (ACCA), Association of Tax Technicians (ATT

Aberdeen-based accountancy firm Hall Morrice has hired 14 new staff members. The new positions, which include nine chartered accountant trainees – the firm’s largest intake ever – three accountancy placement students from Robert Gordon University (RGU), an audit/business advis

Scotland's Land & Buildings Transaction Tax hits record high as more homes cross tax threshold, writes property expert Dr John Boyle. Rettie has just completed our annual review of Scotland’s property tax (Land & Buildings Transaction Tax, or LBTT). A dry subject, but one most home buy

Scottish accounting advisory, audit and tax firm Wbg has opened an office in Aberdeen and appointed a new corporate finance team. Tom Faichnie joins as partner, head of diligence & transactions, and Melanie Clark joins as corporate finance partner – with both based at the firm’s new

Scotland’s higher education institutions have a richly deserved reputation as being global leaders in research, writes Susan Nightingale. In fact, St Andrews is the English-speaking world’s third oldest university and regularly features among the UK’s top-performing academic establ

A six-acre island off the Devon coast complete with private beach, fortifications, planning permission for a luxury hotel, and reportedly 15 ghosts, has been put up for sale. Drake's Island, just 600 yards from Plymouth, was used as a military defence for hundreds of years – with 18th-century

North Sea Midstream Partners (NSMP), a player in the UK energy sector, has relocated its Aberdeen team to the prestigious Marischal Square. NSMP has moved to the Grade A building, which is the most environmentally-friendly office in Aberdeen, where it will be closer to customers and stakeholders, ce

Glasgow-based foodservice wholesaler, Lomond Fine Foods, has expanded its Port Dundas headquarters by 12,000 sq ft to meet surging demand. The family-run business, which supplies deli items, seafood, and bakery treats to 2,500 customers, has doubled its storage capacity at its 36,000 sq ft Port Dund