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Kevin Ellis, the UK chair and senior partner at Big Four firm PwC UK, has said that criticism of the accountancy sector from MPs and regulators is hindering the sector's ability to recruit new staff. In an interview with the Financial Times in late December, Mr Ellis highlighted that retaining quali

Scotland’s onshore GDP grew by 0.2% in October, according to statistics announced today by the Chief Statistician.

The Aberdeen New Dawn Investment Trust plc, a company managed by abrdn, has seen its Net Asset Value (NAV) total return drop by 0.7% in the six months ended 31 October 2021. This is compared to a rise of 43.4% in the year ended 30 April 2021.

Anderson Anderson & Brown (AAB), the tech-enabled business-critical services group, is building on the existing support it provides to Scotland’s tech sector through a series of innovation hubs and accelerator sponsorships. AAB’s established Tech team is located across AAB’s of

Clydesdale Bank owner Virgin Money has launched a new business current account aimed specifically at small businesses. M Account for Business comes with no monthly fee and free digital transactions, and has been designed for entrepreneurs, start-ups and small businesses with an annual turnover of un

Digital bank Monument has announced that the Prudential Regulation Authority and Financial Conduct Authority have lifted deposit restrictions on its licence, so it can now operate as a fully-licensed deposit taking bank. Monument is the first neo-bank to be launched in the UK specifically to me

Barclays has posted its third-quarter results for the year, revealing profits before tax of £6.9 million, compared to £2.4m in the third quarter of 2020. The bank's net interest income dropped by 7% throughout the quarter to £5.8m, while its total income dropped slightly from &poun

Edinburgh-based investment manager Par Equity has won Best EIS Manager at the prestigious 2021 EISA (Enterprise Investment Scheme Association) awards. The firm was also highly commended in the EISA Impact Award.

The average fraudulent insurance claim has risen by 6% since 2019, with figures reaching £12,000, according to the latest figures published by the Association of British Insurers (ABI). According to the figures, the number of detected fraudulent claims fell to 96,000 down 10% on 2019 to the lo

Standard Life, part of Phoenix Group, the UK’s largest long-term savings and retirement business, has today announced a new programme of investment. The purchase of the Standard Life brand in May 2021 from abrdn is strategically important to Phoenix Group as it pursues a growth strategy that w

Tyk, a London-based global tech company, today announced it has closed a $35 million growth equity funding round led by new investors Scottish Equity Partners (SEP), alongside existing investors MMC Ventures. Tyk’s innovative API management solution helps to build mission-critical systems in h

New figures from LINC Scotland, the national angel capital association, indicate that investment levels from Scotland’s business angel community into promising young companies are in line for a record year in 2021. The association’s research found that Scotland-based angel investors led

Professional services firm Moray Group has appointed Joseph Bowie as its new group-wide chief operating officer to help drive growth. Father-of-two Joseph Bowie, 36, takes on the COO position after more than a decade at legal firm Aberdein Considine.

Shepherd and Wedderburn has reported a 4.1% turnover growth to £59.3 million in the year to 30 April 2021, with profits before partner distributions rising 13% to £25.3m. In recognition of the exemplary resilience, adaptability and commitment shown by colleagues to clients during th

Sovereign Grooming is set to invest more than £500,000 in launching a new hair salon and barber school in Glasgow which will tackle a grooming industry skills shortage. Sovereign Grooming, led by Best Barber UK winner Kyle Ross, aims to train 600 barbers over the next decade to counter a Covid