News

The Law Society of Scotland has added to its paralegal accreditation programme with a new specialism for paralegals who work in banking and finance. The new certification is the 15th area of law recognised for paralegals and is the second accreditation in financial services as it joins the asset man

HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese "burner" companies operating on online marketplaces like Amazon, eBay, and Temu. These companies have been said to exploit lax UK registration rules to avoid paying VAT and import taxes, costing the Treasury m

FirstGroup plc has signed an agreement to acquire RATP Dev Transit London Limited and its subsidiaries from RATP Développement SA for an enterprise value of £90 million. The acquisition will see the Scottish transportation firm enter the London bus market with a strong position and will

The Financial Conduct Authority (FCA) has cautioned MPs against a "race to the bottom" in the pursuit of economic growth. FCA CEO Nikhil Rathi and chairman Ashley Alder addressed the Treasury Committee, emphasising the need for a balanced approach that considers consumer protection and market integr

Former banker Lord Mervyn Davies has been appointed chair of Edinburgh-based Shot Scope. Mervyn Davies, Lord Davies of Abersoch, was formerly chief executive and chairman of Standard Chartered and awarded a CBE in 2002 for his services to the financial sector. He is currently chair of the Lawn Tenni

The Scottish Government has announced a package of measures to help entrepreneurs start and grow their businesses, to will be delivered next year with funding in the draft Scottish Budget 2025/26. As part of £15 million investment, at least £4m will be invested to expand the number of wo

The owners of the five-star Inverlochy Castle have acquired Knockendarroch Hotel in Pitlochry for an undisclosed sum. The award-winning luxury Knockendarroch Hotel is nestled in the heart in the Perthshire countryside, with 18 bedrooms and a popular 2 AA Rosette restaurant.

SSEN Transmission has unveiled plans to deliver at least £22 billion in mission-critical grid infrastructure, supporting up to 17,500 jobs in Scotland and adding up to £7bn of value to the Scottish economy.

Julius Baer International (JBI), part of Swiss bank Julius Bär Group, has announced the opening of its second Scotland office in Glasgow, adding to its existing presence in Edinburgh. The office will be located at 1 West Regent Street, and the move is part of JBI’s regional expansion stra

Ellon-based Phil Anderson Financial Services has opened a new office in Wilmslow, Cheshire, further expanding its England presence. The Wilmslow office marks another milestone in the firm’s growth journey, following the establishment of its Wetherby, Yorkshire office just over two years ago.

Among the SNP’s Scottish Budget proposals for the coming tax year, Finance Secretary Shona Robison announced increases to the income tax starter rate and basic rate thresholds, however these small tax savings do very little to ease the pain of fiscal drag for many. The starter rate threshold h

Johnston Carmichael has strengthened its audit governance team with the recruitment of two independent non-executive directors (INEs). Les Clifford and Michael Timar have more than 70 years’ experience working within the profession and are the first non-executive directors to be appointed by t

Bruce Cartwright CA, CEO of the Institute of Chartered Accountants of Scotland (ICAS), has been appointed as new chair of the Global Accounting Alliance (GAA). Mr Cartwright succeeds former chair Barry Melancon, who is retiring at the end of 2024, and will officially take up the role from January 20

A judge has blocked a bid by satirical news website The Onion to buy far-right media platform Infowars. Conspiracy theorist Alex Jones was forced to give up the platform he founded in 1999 after declaring bankruptcy shortly after a court ordered him to pay $1.5 billion to the families of victim

Glasgow-based start-up Clyde Hydrogen Systems has achieved a critical technical breakthrough in its decoupled electrolysis process alongside launching its latest £5 million funding round designed to speed up the commercialisation of its innovative technology.  Backed by pre-seed funding f