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Souter Investments, the private equity focussed family investment office, has continued its deal-making during 2021 having completed three new investments. The firm has invested in sustainable fashion brand Celtic & Co, supported the merger of Climate Care and Natural Capital Partners and backed

Donna Paton has been appointed as director of finance at West of Scotland Housing Association (WSHA) following the retirement of current director, Colin MacCallum. Having started in the post in early June, Donna will be responsible for the development of our strategy, policy and performance in respe

Bank of Scotland owner Lloyds Banking Group has posted £1.9 billion of pre-tax profits for the first quarter of this year, as the group released some of the provisions it had made for potential loan losses after the coronavirus outbreak. The bank released £459m from its cash reserve

Addleshaw Goddard has promoted legal director Jan Gruter to the role of partner. Me Gruter joined the firm in 2018 as legal director, and has acted on behalf of a range of asset and fund management clients, especially private equity, real estate and infrastructure fund managers. In his role as legal

As the deadline to apply for a payment deferral ends on 31 March 2021, the Financial Conduct Authority (FCA) wants to reassure consumers in financial difficulty that support will continue to be available under the Tailored Support Guidance (TSG). Payment deferrals allowed firms to deal with unpreced

Savills plc, the international real estate advisor, has announced its preliminary results for the year ended 31 December 2020, revealing a 9% drop in group revenue to £1.74 billion. The firm said resilient revenues from less transactional services significantly mitigated a reduction in transac

There is real optimism amongst small businesses owners that their businesses will return to pre-COVID normality by the end of the year, according to a study conducted by financial platform Tide.

The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of the standards for an audit firm’s responsibilities to design, implement and operate a system of quality management. The FRC proposes to adopt International Standard on Quality Management (UK) 1 Qualit

Cluster management organisation FinTech Scotland has enjoyed a boost after Google Cloud joined the cluster to support the growth of the fintech SME community in Scotland. With most fintech firms using cloud solutions to integrate more easily with their clients cost-effectively, the addition of Googl

The Financial Conduct Authority (FCA) has today published its second annual perimeter report that determines which activities require authorisation and what level of protection consumers can expect for the financial services and products they purchase. The perimeter is decided by the government

A new online life and legacy planning platform has been launched following an additional £600,000 investment from savings and investments businesses. Legado, based in Edinburgh, launched today following the significant financial backing from Prudential and FNZ.

Roy Lauder, director at Kilmarnock-based business management consultancy firm Harrison James Partnership, discusses the steps business owners can take to manage the current COVID-19 recession. This is a time of great concern for business owners as governments react to the ever-changing situation wit

Accountancy firm Grant Thornton has reported a 90% drop in its audit profits after facing a difficult year where it was put under an investigation by the Financial Reporting Council (FRC). Grant Thornton made a £1 million profit from audits in the 18 months to January 2020, a decrease from &po

The combination of a reduction in oil prices and the coronavirus crisis has created the most turbulent market conditions since the financial crisis in 2008, severely impacting Initial Public Offering (IPO) activity, according to EY’s latest IPO tracker, EY IPO Eye

Lindsay Lee, practice development lawyer at Brodies LLP, details what things should be considered when entering into credit agreements during the current COVID-19 'delay' phase. With the Government expected to declare a transition from the 'contain' to 'delay' phase in its response to COVID-19 what