News

Wealth management firm Tilney has entered negotiations to purchase its rival Smith & Williamson, creating a firm with revenue of nearly £500 million and assets under management of over £45 billion. In a statement this morning, Tilney, which has three offices in Scotland, confirmed th

The Scottish Building Society announced today that leading banker Andrew Hastings has joined its board as a non-executive director. Mr Hastings' eminent and successful career began in 1985 at the Royal Bank of Scotland and after a period at BNP Paribas Ireland, he proceeded to lead Barclays Ban

Housebuilder and developer Mactaggart & Mickel has promoted group financial director Paul McAninch to the new role of chair of the company’s Investments arm, with responsibility for around £80 million of assets. To date the Investment Fund has provided growth capital for more than 50

The Information Commissioner's Office (ICO) has provided advice to Royal Bank of Scotland in relation to a historic data breach affecting over 1,600 NatWest customers, according to reports. The data breach, which relates to files left in a former NatWest employee's home for over a decade after she l

An alliance of business owners has called for a £1 billion Royal Bank of Scotland dividend to be used to help fund the planned Business Banking Resolution Service. The alternative dispute resolution service is being set up later this year by seven major banks and small business representatives

The value of the taxpayer's stake in BiFab fabrication yards has been cut by a dramatic £13 million.

Two Scottish digital archiving businesses have joined forces to disrupt the global film digitisation industry and take advantage of a growing international market, thanks to investment from the investment syndicate Kelvin Capital and the Scottish Investment bank, the investment arm of Scot

Scottish tax expert Kirsty Paton has been appointed to a new Enterprise Investment Scheme Association (EISA) Women in Venture Capital working group. As an entrepreneurial tax specialist at accountants Chiene + Tait (C+T), Ms Paton has been appointed to a newly formed committee aimed at inc

On 9 December 2019, the senior managers and certification regime (SMCR) will come into force for all Financial Conduct Authority (FCA)-regulated asset management firms, replacing the old approved persons regime. Sarah Leslie tells practitioners what they need to know. Final policy statement

The UK state pension age should be increased to 75 by 2035, an influential think tank linked to the Conservatives has said. The right-wing Centre for Social Justice (CSJ), set up by former Conservative leader and work and pensions secretary Iain Duncan Smith, said the UK is "not responding to the ne

Revised plans are in the pipeline for a new neighbourhood on the site of the former Royal Bank of Scotland offices in Edinburgh’s New Town. Real estate firm Orion Capital, the new owner of the building and the 5.9-acre site in Dundas Street, is working with property company Ediston on a planni

A tourist tax in the Highlands could raise up up to £10 million per year for the region, according to council officials. 

Resonance Capital founder Angela Higgins has been shortlisted as a finalist in the Business Woman of the Year category in the third Scottish Women's Awards 2019.  The Scottish Women's Awards 2019, now in their third year, recognise and celebrate Scottish female talent. They provi

Accountants from Johnston Carmichael have raised more than £9,000 for charities across Scotland after taking part in yesterday’s Kiltwalk in Dundee.

Blenheim Palace has installed a £1 million 18-carat gold toilet for visitors which is due to go on display in September.