News

The initiation of the phase-out of Clydesdale Bank (CYBG) to Virgin Money UK has resulted in a 6% increase in CYBG's shares. The rise follows the announcement made yesterday by CYBG that a "significant milestone" had been reached which marked the beginning of the rebranding of Clydesdale and Yo

Sir Brian Souter, the co-founder of Stagecoach Group, has donated £109 million to charity in what is possibly the largest charitable donation given by a Scottish person since those given by Andrew Carnegie. The money could be donated to an array of charities including the Tearfund, Chest Heart

The Scottish Investment Bank (SIB) has joined Maven Capital Partners in a £5.3 million funding round for e.fundamentals. The funding provided by the two will allow the E-commerce analytics firm to work towards expanding into overseas markets.

Aberdeen-based chartered accountancy practice Meston Reid & Co is supporting the career development of five students – two through the only programme of its kind in Scotland. The firm has accepted placement students from Robert Gordon University’s (RGU) accountancy and finance d

The Edinburgh Tax Network, the Institute of Chartered Accountants of Scotland, Chartered Institute of Taxation and Her Majesty's Revenue and Customs, with support from Terra Firma Chambers, will present a joint seminar and discussion on 24th October on the subject of ‘Exiting from Private/Fami

Anthony Rafferty and Viva Rudkin have been appointed as the new directors for the board of financial services representative body Scottish Financial Enterprise (SFE). Anthony Rafferty is managing director of fintech company Origo Services Limited and Viva Rudkin is managing director o

Furniture and fit-out company Havelock International has been acquired out of administration for an undisclosed sum by contract furniture specialist Deanestor. The long-established Havelock Europa business was listed on the main London Stock Exchange for 31 years, from 1987 to 2018 with a peak turno

A strong summer performance and a broad range of homes available helped CALA Homes (East) secure more than 100 reservations within a single quarter. The developer, which is currently selling homes in East Lothian, Midlothian and Edinburgh achieved its record three month period in July-September, wit

Scottish agriculture charity RSABI raised over £50,000 at its annual Great Glen Challenge event with support from Bank of Scotland and RBS. The popular event has raised over £350,000 in recent years with support from over 500 rural competitors, representing over 130 company teams si

Glasgow-based fintech Altia-ABM has been chosen to provide software which will help the authorities in Peru combat financial crime. The Minister Publico announced that it will utilise financial investigation technology and analysis software to accelerate complex financial investigations and str

Companies are falling short of investors’ expectations for clearer reporting on climate-related issues, according to a new report from the Financial Reporting Council's (FRC) Financial Reporting Lab.

Begbies Traynor has acquired the Leeds-headquartered firm Ernest Wilson in a deal worth up to £5.6 million. Begbies Traynor, which has five offices in Scotland, has obtained Ernest Wilson which operates sectors ranging from food outlets and convenience stores to care homes, restaurants and hot

Department store chain Watt Brothers has gone into administration, with Blair Nimmo and Alistair McAlinden of KPMG LLP appointed as joint administrators. The fourth generation family-owned business, incorporated in 1915, operates a chain of department stores including its freehold flagship store on

France's most celebrated architect Jean Nouvel has laid a criminal complaint for fraud, embezzlement and favouritism against the Philharmonie de Paris.

Global payroll and tax compliance specialist activpayroll, headquartered in Aberdeen, has announced plans to boost its presence in the Middle East with a new regional hub in Dubai. The new office will allow the firm, which has provided payroll services to customers in the Middle East for over 15 yea