News

The Church of Scotland says it is now adapting to the increasing number of people choosing to make payments by card by rolling out a new “contactless collection plate”. Kirk officials say they are keen to show people how terminals could make donating faster and easier in what is increasi

The board of Scottish Financial Enterprise (SFE), the representative body for the financial services industry in Scotland, has selected Philip Grant of Lloyds Banking Group (LBG) as its new chairperson. Mr Grant's new role will be in addition to his position as chair of LBG’s Scottish executiv

CYBG has reported strong progress in its first six months since its acquisition of Virgin Money last October, with pro forma underlying pre-tax profits up to £286 million. Following the acquisition, CYBG is the UK's sixth largest bank with over six million customers, serving both retail and SM

Standard Life Aberdeen is facing a shareholder rebellion over plans to offer its incoming chief financial officer £750,000 in shares, according to reports. A remuneration report was opposed by 42.02 per cent of shareholders out of concerns about the remuneration package put together to attract

The Scottish Investment Trust, also known simply as The Scottish, has announced the launch of a new online learning hub designed to reach out to a wider audience. The launch of the learning hub has been marked with a three-part series of videos, "Money... what's it all about?", presented by Young Mo

Blair Nimmo and Alistair McAlinden of KPMG LLP have been appointed joint administrators of Hutchinson Networks. Established in 2011, the Edinburgh-based business delivers IT network solutions to blue-chip and SME customers across the globe.

The proposed Scottish National Investment Bank (SNIB) should not try to compete with the private sector on salaries, but instead attract talent by being "mission-orientated", a leading economist has said. Professor Mariana Mazzucato of University College London, an economic advisor to the Scottish G

The Financial Services Ombudsman (FSO) recorded a five-year high in complaints last year, with more than 388,000 people bringing complaints, up 14 per cent on the year before. The rise was driven by an 89 per cent rise in complaints about consumer credit products and services, including payday lende

Some taxpayers in Wales have been paying the wrong rate of tax after having the Scottish tax code mistakenly applied to them, HMRC has admitted. The Welsh Rates of Income Tax (WRIT) was introduced in April 2019, three years after the introduction of the Scottish Rate of Income Tax (SRIT) in 2016.

Nationwide Building Society has been awarded £50 million from Banking Competition Remedies to increase competition in small business banking. The Co-operative Bank and Investec Bank have also been awarded £15 million each to expand in the small business market.

Brokers have been urged by insurance governance experts Mactavish to challenge insurers more over the quality of their cyber policies. At the opening of the British Insurance Brokers' Association conference in Manchester, Mactavish said its research had identified eight common flaws in cyber insuran

A taxpayer was left baffled by a letter from HMRC demanding a sum of £0.01 for the 2017/18 tax year.

Accountants and business advisors French Duncan LLP has announced plans to expand its hotels accounting team after taking on additional office space in Glasgow. The firm recently took on a third floor at its Finnieston offices, bringing its total office space to 20,000 square foot and facilitating a

Edinburgh-based venture capital firm Par Equity has led investments totalling £3.2 million in two Northern Ireland software companies, Plotbox and Datactics. The technology firms are the latest to benefit from investment led by Par Equity, which has invested more than £118 million in ove

Commercial real estate specialist Topland Group has acquired The Rutland Buildings in Edinburgh in an off-market transaction for nearly £16 million.