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Blair Nimmo and Alistair McAlinden of KPMG LLP have been appointed joint administrators of Hutchinson Networks. Established in 2011, the Edinburgh-based business delivers IT network solutions to blue-chip and SME customers across the globe.

The Financial Services Ombudsman (FSO) recorded a five-year high in complaints last year, with more than 388,000 people bringing complaints, up 14 per cent on the year before. The rise was driven by an 89 per cent rise in complaints about consumer credit products and services, including payday lende

The proposed Scottish National Investment Bank (SNIB) should not try to compete with the private sector on salaries, but instead attract talent by being "mission-orientated", a leading economist has said. Professor Mariana Mazzucato of University College London, an economic advisor to the Scottish G

Standard Life Aberdeen is facing a shareholder rebellion over plans to offer its incoming chief financial officer £750,000 in shares, according to reports. A remuneration report was opposed by 42.02 per cent of shareholders out of concerns about the remuneration package put together to attract

Brokers have been urged by insurance governance experts Mactavish to challenge insurers more over the quality of their cyber policies. At the opening of the British Insurance Brokers' Association conference in Manchester, Mactavish said its research had identified eight common flaws in cyber insuran

CYBG has reported strong progress in its first six months since its acquisition of Virgin Money last October, with pro forma underlying pre-tax profits up to £286 million. Following the acquisition, CYBG is the UK's sixth largest bank with over six million customers, serving both retail and SM

The Scottish Investment Trust, also known simply as The Scottish, has announced the launch of a new online learning hub designed to reach out to a wider audience. The launch of the learning hub has been marked with a three-part series of videos, "Money... what's it all about?", presented by Young Mo

Nationwide Building Society has been awarded £50 million from Banking Competition Remedies to increase competition in small business banking. The Co-operative Bank and Investec Bank have also been awarded £15 million each to expand in the small business market.

Some taxpayers in Wales have been paying the wrong rate of tax after having the Scottish tax code mistakenly applied to them, HMRC has admitted. The Welsh Rates of Income Tax (WRIT) was introduced in April 2019, three years after the introduction of the Scottish Rate of Income Tax (SRIT) in 2016.

A taxpayer was left baffled by a letter from HMRC demanding a sum of £0.01 for the 2017/18 tax year.

The next phase of funding for the CashBack for Communities scheme will take total investment in the programme to almost £110 million since it began in 2008. The scheme reinvests criminal assets into community projects which support young people into positive destinations, diverting s

A leading Disputes Resolution and Litigation lawyer has urged Scottish SMEs to take action to ensure they receive any money they are owed, and to be proactive in using the law. John Bett, a Partner at Lindsays, said that there are a number of myths around legal redress for outstanding debt that is p

Women's Enterprise Scotland has launched its annual survey of women-owned and women-led business in Scotland.

Scottish spirits firm William Grant & Sons has hired Helen Cowing as group chief financial officer. Billionaire whisky tycoons Glenn Gordon and family which owns William Grant & Sons, was last week named Scotland’s richest family for the sixth year in a row.

Wimbledon, US Open and Olympic champion, Andy Murray, has added to his investment portfolio with a stake in Game4Padel. Game4Padel’s aim is to become the market leader in the UK padel tennis market which is widely believed to be on the verge of the same exciting and explosive growth seen in ma