Search: financial focus

Raymond Abbott Scottish Building Society, Scotland’s only independent building society and the UK’s oldest, has appointed former Alliance Trust Equity Partners managing director Raymond Abbott as its new chairman.

More than 30 councillors across Scotland have historic council tax debts, according to the BBC.

Global accountancy giant PwC has been hit with a record £5.1 million fine for “misconduct” while carrying out the audit of RSM Tenon, a professional services firm which later entered administration when acquisitions left it stricken with heavy debts.

Mark Pryce Mark Pryce of Campbell Dallas makes the case for a tax future without spreadsheets

Paul Smee The number of UK mortgages in arrears of 2.5 per cent or more of the outstanding balance declined to 88,200 in the second quarter of this year, the lowest level since at least 1994 when this run of data began.

Lack of new housing stock, the effect of LBTT on higher-value properties and a fall in the number of new instructions have left the Scottish property market stagnant in July, according to the latest RICS residential survey of the market north of the border.

Simon Counsell Scottish tidal energy pioneer Atlantis Resources has announced that its chief finance officer is to stand down later this month.

While most banks in the UK are looking to move operations onto the continent in the wake of last June's Brexit vote, Swiss investment bank Julius Baer has announced plans to open three new UK offices in Glasgow, Manchester and Leeds.

Alison Thewliss The number of new firms being registered as Scottish Limited Partnerships, the entity identified as widely used by tax-avoiders and organised crime, has plummeted since new UK rules closed the legal loophole that had made them so attractive to nefarious elements.

Miles Celic The UK-based legal and accountancy sector generated an estimated £15.5 billion in tax in 2015/16 – comprised of taxes borne (£6.4 billion) and taxes collected (£9.1 billion) – representing 2.5 per cent of all UK tax receipts.

Party loving Edinburgh residents spend more on having a good time than any other city in Scotland, according to new research from Barclays.

Derek Mackay It is unacceptable that police and fire services in Scotland remain the only territorial forces in the UK unable to reclaim the VAT they incur on the purchase of goods and services, Finance Secretary Derek Mackay (pictured) said today.

Quartermile 3 Three of the biggest city centre deals in the UK helped deliver a record-breaking quarter in commercial property take-up in Edinburgh, according to new industry figures.

Ken Patullo Companies in Scotland have seen significant rises in the most serious signals of business distress since the first quarter of 2017, according to new data released today by leading business rescue and recovery specialist Begbies Traynor.

Iain Walker One of Glasgow’s most established family-run timber and builders’ merchants has announced the completion of a management buy-out (MBO) with assistance from Scottish accountancy firm, French Duncan.