News

​Douglas Shand To develop and grow the burgeoning scale-up ecosystem in Scotland, global accountancy firm PwC and technology incubator Codebase have launched SCALE: Edinburgh - a partnership aiming to cement the city’s reputation as a modern business hub.

Peter Cheese The average UK full-time worker on a salary of £28,000 would need to work 160 years to earn what an average FTSE 100 CEO is paid in just one year - and 1,718 years to earn what Sir Martin Sorrell, CEO of British multinational advertising and public relations company WPP, received last

Ross McEwan Royal Bank of Scotland has posted a profit just short of £1 billion for the first-half of the year.

While most banks in the UK are looking to move operations onto the continent in the wake of last June's Brexit vote, Swiss investment bank Julius Baer has announced plans to open three new UK offices in Glasgow, Manchester and Leeds.

Andy Wightman As visitors descend on Edinburgh for festival season which starts today, £10.6 million of taxes are being avoided this year due to the boom in private homes being let out as holiday accommodation, according to new research.

Catriona Reid Catriona Reid of BTO Solicitors talks us through the implications of new “persons with significant control” rules introduced this summer to tackle tax avoidance, money laundering and other criminal activity through exploitation of Scottish Limited Partnerships.

Alison Thewliss The number of new firms being registered as Scottish Limited Partnerships, the entity identified as widely used by tax-avoiders and organised crime, has plummeted since new UK rules closed the legal loophole that had made them so attractive to nefarious elements.

Miles Celic The UK-based legal and accountancy sector generated an estimated £15.5 billion in tax in 2015/16 – comprised of taxes borne (£6.4 billion) and taxes collected (£9.1 billion) – representing 2.5 per cent of all UK tax receipts.

Mark Carney The Bank of England’s Monetary Policy Committee has voted 6-2 to keep interest rates on hold at 0.25 per cent.

Royal Bank of Scotland has dropped out of a major ranking of the world’s largest 500 companies while fellow Edinburgh-based financial giant Standard Life has returned.

A former Dundee City Council IT officer specialising in financial IT systems is facing jail after admitting to fabricating invoices in order to steal more than £1 million from the authority in a long-running scam lasting seven years.

Ken Ferguson Angus-based wealth management firm Ferguson Oliver Limited has announced the launch of a new mortgage trading division.

Beggars and rough sleepers in Glasgow city centre are damaging trade and putting shoppers off visiting the city, according to a leading Scottish business figure.

Scottish pubs tied to large pub companies should get the same legal protections as their counterparts in England and Wales, according to the Federation of Small Businesses (FSB).

In response to continuing strong demand from investors and occupiers, Buccleuch Property has completed the acquisition of its second speculative industrial development in three months.