News

A global firm managing $640 billion in assets has distanced itself from its head of responsible investing after he appeared to shrug off the impact of climate change. Stuart Kirk, global head of responsible investing at HSBC Asset Management, told a Financial Times event: "Who cares if Miami is six

Proposed changes to the UK's financial reporting rules following Brexit have been published by the Financial Reporting Council (FRC). The FRC issued the FRED 80 draft amendments on Friday, which propose to update the application guidance to FRS 100 to reflect changes to company law and decisions on

A ground-breaking study into the accountancy profession in Africa reveals 55% of accountants are optimistic about Africa’s economic prospects, but skill shortages, especially in the areas of technology and strategy are a major concern for respondents. ACCA (the Association of Chartered Certifi

Edinburgh-based digital postage company Stamp Free Limited has raised £600,000 in an oversubscribed funding round. The company raised the funds at a pre-investment valuation of £4 million, double the £2 million pre-investment valuation of its seed one funding round in September 202

Lawyer Cat MacLean has quit a banking industry compensation scheme after concluding it was “completely defective”, The Times reports. Ms MacLean, a partner at MBM Commercial, resigned from the Business Banking Resolution Service (BBRS) following a report in the newspaper last week detail

Social Enterprise Scotland has announced that Professor Ian Welsh OBE will chair a transition group to oversee the move to a single body to represent the country’s social enterprises. Professor Welsh was chief executive of the Health and Social Care Alliance Scotland for 12 years and has serve

The Scottish National Investment Bank (SNIB) has underperformed because it is too "unfocused" and the Scottish government should "hit the reset button", a report published by a centre-right think tank has said. A new report produced for Reform Scotland by Professor Ross Brown, professor in entrepren

Inverness-based investment group GEG Capital Ltd has acquired Highland construction company WGC (Scotland) Ltd. Following the acquisition, which will see WGC continue as a standalone entity within the group, GEG Capital will support the existing management team to target growth in the social housing

Wealth fund managers who align investment strategies to green and sustainable stocks are highly-prized recruits in a restricted Scottish employment market, according to a new report. Core-Asset Consulting's sixth annual salary guide into Scotland's financial service sector suggests the generational

Tax-raising and immigration powers should be devolved to Scotland's three largest cities, alongside an overhaul of business rates and major investment in connectivity, according to a new report. A major academic study commissioned by Brodies LLP, Anderson Anderson & Brown and Aberdeen, Glasgow a

The cost of living has become the leading concern among Gen Zs and millennials in the UK, according to Deloitte’s latest Gen Z and Millennial Survey. A total of 31% of Gen Zs and 38% of millennials cited this as their greatest concern, overtaking climate change from the top spot in last year&r

Aberdein Considine has announced that it is to merge with Edinburgh law firm and solicitor estate agent Russel+Aitken Edinburgh LLP. The combined businesses – which will trade under the Aberdein Considine brand – will together employ over 480 staff and have a turnover

The Financial Conduct Authority (FCA) is to use new powers to more swiftly cancel or change what regulated activities firms are permitted to do. This new power is available following a change in the law allowing the FCA to streamline and shorten the removals process.

The ClearScore Group has announced plans to create 100 new jobs in Edinburgh through the launch of an Open Banking centre of excellence in the city. Over the next few years, the group plans to employ over 100 new members of staff, including developers, data engineers, data scientists and product and

Anderson Anderson & Brown (AAB), the tech-enabled business-critical services group, has announced the appointment of Doug Michael as partner and United States (US) tax practice Lead, based in the business’ London office. Mr Michael joins AAB to launch a brand-new US tax service as part of