News

Grant Thornton has made almost all of its UK-based secretarial staff redundant, outsourcing the roles to India just months after the accounting firm sold a majority stake to private equity group Cinven. Scores of personal assistants and support staff were informed they were losing their jobs in June

Robbie McAdam, senior solicitor within Holmes Mackillop’s dispute resolution and litigation team, has described the legislative reforms announced by the UK government to tackle the issue of late payments as significant. The proposed legislation will grant new powers to the Small Business Commi

The FSE Group has strengthened its Scottish team with the appointment of Gina Cleife as a new investment manager.

Synechron, a global consulting and technology services provider for the financial services industry, has brought its EmpowHer initiative to Scotland for the first time on 21 August at the RBS Conference Centre in Edinburgh. The session gathered more than 300 professionals from across the financial s

The Financial Conduct Authority (FCA) has today approved the London Stock Exchange to operate a PISCES platform, a new type of private stock market.   The platform will bring together buyers and sellers of shares in private companies to trade on an intermittent basis. Breaking new ground with t

Aberdeen-based engineering giant Wood Group is moving closer to a takeover by Dubai-headquartered Sidara, despite the bidder slashing its offer price by 14%.

Consilium Chartered Accountants has provided financial due diligence services to Maven Capital Partners as part of a multi-million-pound investment in Scottish business PowerPhotonic. PowerPhotonic – pioneers in advanced laser system optics – have secured £2.6 million from Maven to

A rare set of Charles Rennie Mackintosh–designed buildings in Glasgow is to be placed on the market later this year. The Mackintosh Halls, on Shakespeare Street in Ruchill, were purpose-built for the Church of Scotland in 1899 and remain one of the architect’s early and most distinctive

A sheriff has ordered the payment of just over £436,000 by the stepmother of a pursuer who was due to receive funds under two testamentary trusts set up by his paternal grandparents after finding that she had breached fiduciary duties on behalf of a company set up by his father by allowing fal

Tens of thousands of pensioners have received refunds after being overcharged tax on their pension withdrawals, according to newly released figures. Data released by HMRC to Royal London under freedom of information legislation reveals that some pensioners have received tax refunds of more than &pou

BrewDog co-founder Martin Dickie has announced his departure from the craft beer company, citing personal reasons. In a statement, Mr Dickie – who remains a shareholder – said: "After over two decades in the brewing and distilling arena sadly for personal reasons it’s time for me t

The owner of SBP Accountants & Business Advisers has said he has turned down "absolutely silly money" offered by private equity firms to acquire the Aberdeen-based business. SBP recently projected a 20% increase in its client base by the end of the year following strong client growth, strategic

Fintech challenger bank Allica has renewed its sponsorship of the World Stone Skimming Championships on Easdale Island in the Inner Hebrides. The annual event, dating back to 1983, attracts hundreds of competitors and visitors every year, including Olympic athletes, celebrity entrants, and stone-ski

Hundreds of packages containing fake pounds, euros and dollars with a total value of more than £57 million have been seized in an international policing operation.

Glasgow-based Ascot Lloyd is to acquire Aberdeen's financial planning business, Aberdeen Financial Planning. Aberdeen has reportedly been searching for a buyer since the start of the year and last week confirmed it had struck a deal to sell the business for an undisclosed sum.