News

Fraud cases in Scotland are expected to rise this year as fraudsters are increasingly taking advantage of the coronavirus outbreak, according to a new report by from accountancy and business advisory firm BDO. Fraudsters are understood to be taking advantage of the COVID-19 outbreak, with mass

UniKLasers Limited, a manufacturer of high precision scientific laser instrumentation used in an array of industrial applications, has closed a £750,000 financing round led by Par Equity with support from The Scottish Investment Bank.  The investment in UniKLasers is the second that

A new online service for small and medium sized employers to recover statutory sick pay (SSP) payments they have made to their employees will launch on May 26, the UK Government has announced today. Announced in the March 11 Budget as part of a package of support measures for businesses affected by

The ongoing economic impact of the coronavirus outbreak has wiped a third off the assets of Aberdeen Standard Equity Income Trust, a fund managed by Aberdeen Standard Investments. The fund's half-year report released today highlighted that its holdings dropped in value from £235 million in Sep

Edinburgh-based fixed income specialist Cameron Hume has appointed Alla Bashenko to its board as an independent non-executive director. Ms Bashenko has enjoyed a global career in financial services, predominantly with Goldman Sachs and Nomura International. Her expertise spans a wide range of asset

The COVID-19 pandemic has temporarily brought a halt to the Edinburgh Tax Network’s regular in-person lunchtime seminars. However, with the support of Terra Firma Chambers and the Chartered Institute of Taxation, the talks will continue and be presented using a virtual format. The first webina

Between January and March 2020, Scotland’s employment rate dropped to 74.7% and the unemployment rate estimate rose over the quarter to 4.1% according to the latest Labour Market Statistics Update by the Office for National Statistics (ONS).  Jamie Hepburn, Scotland's business, fair work

NatWest Group, the owner of the Royal Bank of Scotland, has announced the appointment of David Lindberg as its new CEO of retail banking. Mr Lindberg joins from Westpac where he is currently chief executive of its consumer division.

Former Metro Bank chief Darren Schindler has been appointed chief operating officer of Karma, the fintech seeking to disrupt the payday loan market. Mr Schindler, joins the fintech after a series of successful Scottish trials of the app which empowers employees to access interest-free monthly advanc

The UK Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200m. The move aims to ensure those large firms which do not qualify for the Bank of England’s COVID Corporate Financing Faci

A group of young men who gave cider to cows in Castle Park in Dedham have been fined for flouting lockdown restrictions.

Audit, tax and consultancy firm RSM has urged Scottish directors to act in the best interest of stakeholders warning that if they do not, they could be found personally liable.  Company directors are working hard to keep their business up and running and ready to get back to more normal trading

Xenith Financial Consulting Limited, an Aberdeen based accountancy firm founded by Scottish Woman in Finance 2019, Kimberley Oliver, has launched a new business intelligence (BI) service line to allow their clients to unlock the power of their data. The new service will provide clients with bespoke

Lyn Calder, a managing partner of Anderson Anderson & Brown (AAB), appears in one of the firm's new videos urging more businesses to apply for the government COVID-19 loan schemes such as CBILS and Bounce Back with the aim of positioning themselves strongly for the ‘new normal’.

Analysis by 3Gem Research & Insights on behalf of Scottish Friendly has revealed that 45% of savers in Britain expect to draw money out of savings and investments to cope with the impact coronavirus is having on their household finances. The most likely place they will look to source cash from i