News

Andrew Reynolds, Wealth Manager at French Duncan, makes the case for alternatives to cash holdings  

Wealth management firm Brewin Dolphin, which employs more than 200 at its Scottish offices, has reported an increase of funds under management in its third quarter results. Despite troubled economic and market conditions, the firm, headed by Glasgow-born chief executive David Nicol, reported th

TSB has recovered from its series of IT fiascos to today report a first half profit of £21.1m against a £107.4 million loss in the corresponding period a year earlier. Total customer deposits increased by £0.7 billion (2.6 per cent) to £29.8bn in H1 2019 and reflected a

Thomson Cooper Accountants have revealed their role in securing a £1.6 million grant for leading music and dementia charity, Playlist for Life. The award from the National Lottery Community Fund will be used to raise awareness of the benefits of playlists, and part fund the expansion of t

The retail sector of the UK's commercial property market continues to decline in the face of increased online spending, while solid demand is still reported across the industrial sector, according to the latest RICS UK Commercial Property Market Survey.

A man in Australia who has claimed the country's taxation laws do not apply to him because he does not accept recognition as a person has been told by a magistrate that his argument "would make a mockery of the law". Glen James Polglaise, of North Bendigo, Australia, failed to submit six tax returns

Audit giant KPMG has been hit with another £5m fine after failing to identify that bank BNY Mellon was mixing £1 trillion of clients’ savings with its own funds, contrary to rules and leaving customers exposed to the risk of losses. The fine means KPMG has paid £21m since Jun

Lloyds has been ordered to pay £140m to Edinburgh-based investment firm Standard Life Aberdeen (SLA) after a row over a £109bn pension fund. An arbitration tribunal said the bank must now pay up after cancelling a deal early which it had with SLA’s predecessor company Aberdeen

Royal Bank of Scotland has approached senior HSBC executive Ian Stuart about replacing outgoing chief executive Ross McEwan, according to reports. Ian Stuart is chief of HSBC’s operations in the UK and the Financial Times said he is one of the leading external candidates to succeed Mr McEwan.

Profits in Scotland’s legal sector have fallen by over a quarter in the last ten years, according to Scottish accountancy firm French Duncan. Accountants and business advisers French Duncan compared the most recent Law Society of Scotland Financial Benchmarking report for 2018 and compare

Penalties imposed by Revenue Scotland (RS) over the late filing of a land and buildings transaction tax (LBTT) return have been quashed after the tax agency failed to produce evidence that it had taken a decision to impose the penalties, as required by legislation. The Upper Tribunal

Royal Bank of Scotland subsidiaary NatWest has unveiled its inaugural #PowerUp Index of what it says are the 100 best and brightest businesses who have successfully emerged from its 2018/2019 NatWest Entrepreneur Accelerator cohort.

House prices in Aberdeen city and suburbs are down 3.8 per cent on last year, according to new figures.

A delay of up to seven months in HMRC’s processing of R&D tax relief claims is preventing some UK companies from progressing expansion plans or making further investment into innovation. According to Jumpstart, one of the UK’s leading R&D tax relief specialists, the backlog of cl

International law firm CMS has secured sponsorship of the Scottish chapter of Startup Grind, a global initiative aimed at supporting fledgling entrepreneurs. Startup Grind is the largest independent start-up community, actively focused on educating, inspiring, and connecting more than 3.5 million en