The Government must address the concerns of small businesses with the potential for a no-deal Brexit set to clash with the introduction of HMRC’s new online VAT system in April 2019, Making Tax Digital (MTD), the Association of Chartered Certified Accountants (ACCA) has warned. In ad
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Royal Bank of Scotland has today announced the appointment of Katie Murray as executive director and chief financial officer, with effect from 1 January. Ms Murray joined RBS as director of finance in November 2015 and was appointed as deputy CFO in March 2017.
The Financial Conduct Authority has fined Santander £32,817,800 for failing to effectively process the accounts and investments of deceased customers. The City watchdog said it found that Santander did not transfer funds totalling over £183m to beneficiaries when it should have done
The Scottish Building Society has announced that Mark Thomson is stepping down from his role as chief executive after almost seven years. During his time with Scottish Building Society he has helped the Society embark on a significant change programme. This included growing the mortgage balance
MacKay Corporate Insurance Brokers has announced the appointment of Margaret Fraser as a branch manager in its newly opened Aberdeen office. The appointment follows the firm establishing a presence in the Granite City back in October after bosses identified significant growth of investment in infras
Mearns & Company, has appointed ex Mattioli Woods and Kudos Financial services director Alan Fergusson, as a non-executive director. Mearns said Mr Fergusson brings over 20 years of experience in the financial services industry, most recently as employee benefits managing director at M
The median pay-out under both annual bonus and long-term incentive plans has increased for chief executives, according to KPMG’s latest guide to executive directors’ remuneration in FTSE 350 companies.
The UK is set to fall in the rankings of the world’s largest economies, according to new projections from PwC in its latest Global Economy Watch. Both India and France are likely to surpass the UK in 2019, the global accountancy firm said, knocking it from fifth to seventh place in the global
The first tranche of investments in a series of transformative projects in Edinburgh and South East Scotland have received approval as part of the City Region Deal. Combined funding of £384 million was approved on Monday by the City Region Deal’s Joint Committee for five projects aimed a
The Scottish economy grew by 0.3 per cent during the third quarter of 2018, according to statistics announced today by Scotland’s Chief Statistician.
Places for People, one of the largest housing associations in the UK, has secured £250 million of new funding with the assistance of HSBC to help deliver its business plan. Announcing the deal, the bank said it understood Places for People’s unique funding approach and agreed to fun
The Financial Conduct Authority announced this morning that banks are to be banned from charging customers a fixed daily or monthly fee for using their overdraft in a move Andrew Bailey, the City watchdog's chief executive said was the "biggest intervention in the overdraft marke
The Edinburgh-based Baillie Gifford has announced that it is lowering the annual management charge on four of its investment trusts from New Year’s Day. The Edinburgh Worldwide Investment Trust, Pacific Horizon Investment Trust, The Baillie Gifford Japan Trust and Baillie Gifford Shin Nippon a
Credit Fintech provider TotallyMoney has agreed £29 million of funding from Elliott Advisors and existing investors Scottish Equity Partners (SEP).
More than half of UK entrepreneurs (51 per cent) expect to increase their revenues by 50 per cent in 2019, yet many are facing an uphill battle when it comes to funding the growth of their businesses, according to EY’s latest Fast Growth Tracker published today. Business leaders of some of the