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The Financial Reporting Council is to be shut down and a new regulator introduced to transform the audit and accounting sector in the UK in response to the findings of the comprehensive Independent Review of the industry led by Sir John Kingman, the UK government has announced.

SME and Mid-Market businesses in Scotland still struggle to see the value of tax relief in driving growth, according to new research from KPMG. While KPMG said 96 per cent of businesses are predicting to grow at least 5 per cent for the year ahead, less than one in three (29 per cent) see the t

The life of British physicist Stephen Hawking is to be celebrated with a new commemorative 50p coin inspired by his pioneering work on the interstellar phenomenon of black holes. A black hole is a region of spacetime that has such strong gravitational effects that nothing—not even particles an

Financial services body Scottish Investment Operations (SIO) has this week said it plans to double in size with a target of growing group membership by 100 per cent within two years by offering different levels of subscription. The strategy for growth was outlined last night in Edinburgh when the or

With ISA season well underway, Edinburgh-based LendingCrowd has revealed that transfers to its fintech lending platform are more likely to come from Cash ISAs than any other type of tax-free account. LendingCrowd, which launched in late 2014 and has facilitated over 610 loans to SMEs, was one o

A bank employee who stole more than £50,000 from customers’ accounts has had his sentence reduced following an appeal. Rameez Hamid, who was sentenced to the three years’ imprisonment after pleading guilty to embezzling some £51,000, argued that the custodial term was “

Business development organisation Entrepreneurial Scotland (ES) has announced a further two speakers for its upcoming annual Summit, on April 25 – the foremost networking event on the annual Scottish business calendar. David S. Rose, chief executive officer (CEO) of the global financ

Dina Devalia and James Sleight of PKF Geoffrey Martin & Co have been appointed as joint administrators of Glasgow-based Greater Milton and Possilpark Credit Union which has collapsed. The Financial Services Compensation Scheme (“FSCS”) has also declared the credit union in defau

The cost of rent in Edinburgh is on the rise while demand drops in Aberdeen, according to the latest housing report by global mobility experts, ECA International (ECA).

Four industry experts have been appointed to an advisory group established to help grow Scotland’s exports.

Standard Life Aberdeen has bowed to calls to revise the co-chief executive structure that has been in place since the mega merger that formed the company two years ago. Keith Skeoch, who entered the merger as heaad of Standard Life, will now take on the solo role of running SLA while Martin Gilbert,

Neil Mitchinson, director of Edinburgh Asset Finance, says his firm has identified a gap within a saturated market The amount of personal debt in the UK is truly staggering and there is little sign that the nation’s insatiable appetite for borrowing – be it for the staples of life o

Frank Field, chairman of the Work and Pensions Select Committee has said that The Pensions Regulator's decision to end its anti-avoidance investigation into the closure of the Johnston Press Pension Scheme is “beyond baffling”. Responding to TPR’s decision, whic

Blair Nimmo and Geoff Jacobs of KPMG and joint administrators of stricken Dundee-based contractors McGill & Co Limited, have concluded a sale of the business and certain assets to Catalus Energy Investments Ltd. Messrs Nimmo and Jacobs were appointed as Joint Administrators of McGill &

Plans to create a dedicated ‘digital quarter’ next to Edinburgh Airport are set to progress after the proposals were unveiled at international property fair MIPIM. The ‘Crosswind’ project could see the airport’s disused second runway transformed with offices a