Citizens Advice Scotland (CAS) has urged credit card providers to show sensitivity and flexibility towards customers in persistent debt as new rules begin to come into force this month which allow them to impose sanctions.
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Seven out of ten overdraft users will be better off or see no change when new rules on overdrafts come into force in April, the Financial Conduct Authority (FCA) has said. Around 14 million people use an unarranged overdraft each year, and all of these users will be better off or see no change. The
Alastair McCoan, building consultancy partner at Knight Frank Glasgow, discusses how businesses can avoid being hit with a large dilapidations bill when making an office move. A new year, a new office – it can be an exciting time for any business as it embarks on an expansion, with some stylis
Aviva has begun the search for a new chairman as Sir Adrian Montague announces his retirement. Sir Montague informed the board of his decision to retire as chairman of the company in 2020 once a successor had been appointed.
Nevis Capital blames unrealistic price expectations of sellers for lack of deals completed last year
Glasgow-based investment business Nevis Capital did not complete any deals in the latest year naming the unrealistic price expectations of sellers as the principal reason. The company, founded by John and James Pirrie, said that the price expectations of some sellers caused complications in the mark
Oil and gas engineering firm Hunting PLC has appointed Scottish energy sector executive Bruce Ferguson as its new group finance director as Peter Rose announces his retirement. Mr Rose has notified the board of his intention to retire as group finance director and a member of the board at the conclu
An uplift in housebuilding and infrastructure spending is expected to boost Scottish construction activity during 2020 after a quieter end to 2019 saw workloads flatten in Q4, according to surveyors.
The Big Four accounting firms are engaging in talks with the audit regulator regarding a self-imposed break-up in an attempt to get ahead of government enforcement action. The Financial Reporting Council (FRC) is currently drawing up guidelines for the separation of audit and consulting operations a
James Kergon, a partner and head of KPMG's deal advisory team in Scotland, looks back at 2019 and previews 2020 from an M&A perspective, focusing on how data and tech are going to drive a lot of future Scottish activity. In recent years, Scotland’s business community has become increa
Edinburgh-based technology firm Appointedd has launched a new Enterprise Management Incentive (EMI) scheme for its staff with support from accountants Chiene + Tait (C+T). Founded in 2011 by CEO Leah Hutcheon, Appointedd provides clients with an intelligent and efficient online booking tool. Th
The proposed Non-Domestic Rates Bill risks significant damage to investment in Scotland’s student accommodation sector, the Scottish Property Federation (SPF) has warned. Student accommodation, like any domestic premises, is exempt from business rates. However, the SPF said this principle is c
A lawyer has been fined more than £2,000 for punching a fashion designer in an argument over a front-row seat at the opera.
In a comprehensive review of the future of UK payments, the Institute for Public Policy Research (IPPR) has set out how the transition to a ‘less cash’, but not cashless, digital economy can be managed to protect the vulnerable and spread digital opportunities widely and fairly. The
The Association of British Insurers (ABI) is urging the government in its forthcoming budget on 11 March to cut the rate of Insurance Premium Tax (IPT) and ease the squeeze on families and businesses who do the right thing by taking out insurance. The government currently earns more from IPT than it
Par Equity had a record-breaking final three months in 2019, securing one exit, battery technology expert Dukosi, and orchestrating 11 investments. Edinburgh-based Par Equity, which specialises in investing in young, high-growth companies, saw London-based managers join them in putting money in