Today, Kwasi Kwarteng, the chancellor of the Exchequer revealed his fiscal plans in his emergency 'Mini Budget' aimed at boosting the economy to reach his 2.5% growth target. Mr Kwarteng's announced tax cuts and reforms, "the biggest package in generations", were met with mixed reactions.
Citi Group has announced that it is proposing to focus its UK personal banking and wealth management business on select wealth clients, effectively closing down its retail banking services to the general public. This proposal would enable Citi to focus on clients requiring comprehensive advice on ma
The founder of US nonprofit Feeding Our Future and 46 other defendants face criminal charges for their alleged roles in a $250 million (£226m) fraud scheme that exploited a federally-funded child nutrition program during the COVID-19 pandemic.
Responsible finance provider, Social Investment Scotland (SIS), has appointed three new managers to its team, supporting the organisation’s continued growth and wider ambition to build an impact economy. John Cornwall and Annie Howie have been hired as investment managers, while Selassi Spence
Aberdeen-headquartered payroll and employee mobility specialist activpayroll has seen its revenue rise by 27%, reaching £35.7 million in 2020/21. Serving over 1200 customers in 154 countries across the globe, activpayroll offers a range of services under the three key pillars of Global Payroll
The Scottish Chambers of Commerce (SCC) has signed an historic Memorandum of Understanding with the Federation of Pakistan Chambers of Commerce & Industry, opening up opportunities for Scottish businesses to access the country’s growing middle class and its affinity for UK expertise, produ
Blair Nimmo and Alistair McAlinden from Interpath Advisory have been appointed joint administrators to ten Arjowiggins Group UK subsidiaries with 368 out of 463 jobs made redundant. With origins dating back to 1738, the group is an independent paper manufacturer, producing fine and custom paper
The corporate team at Shoosmiths has announced the appointment of two legal directors and two new associates across its Edinburgh and Glasgow offices. The team, led by Alison Gilson, corporate partner and head of the Edinburgh office has advised on £150 million worth of deals since January thi
Maggie Hicks, founder of SynSense, and Xiaoyan Ma, founder of Danu Robotics, plant a Hawthorn tree on University of Edinburgh’s King’s Buildings campus to mark the 100+ startups supported by Edinburgh Innovations over the last year Student startups from the University of Edinburgh have s
Three prominent retail and office buildings on Edinburgh’s George Street have been sold in a deal that defies the gloom recently associated with the retail sector. Broadlands Properties Ltd has acquired 86, 88, and 90-92 George Street from a client of CBRE Investment Management, with the multi
Finance advisory firm Hutcheon Mearns has enhanced its corporate finance offering with the appointment of two new senior team members and the promotion of another following a period of significant growth. Hutcheon Mearns has advised on or supported transactions with a total valuation of over £
EY has announced combined global revenues of $45.4 billion (£40bn) for the financial year ending June 2022. With an increase of 16.4% in local currency (13.7% in US dollars), this marks one of the most successful years in the history of the organisation with the highest growth seen in nearly t