News

Financial technology start-up Tumelo has raised £1 million in seed funding to develop a platform to show investors exactly which companies they own through personal investments and pension funds. Addleshaw Goddard’s fintech team, based in Scotland, advised Tumelo on the deal. The funding

The changes to inheritance tax (IHT) contained in the Institute for Public Policy Research (IPPR) paper Thinking bigger on tax in Scotland would be a further nail in the coffin for Scottish homeowners, a property management expert has said. David Alexander, the joint managing director of Apropos by

A strong performance by UK firms has helped an Aberdeen Standard Investments trust grow despite worries over Brexit. The £587 million Murray Income Trust saw its net asset value per share grow by 7.9 per cent over the year, far ahead of the benchmark index (FTSE All-Share) return of 0.6 p

MSPs on Holyrood's Economy Committee have backed plans to limit ministers' access to statistics. At present, ministers and their staff can see market-sensitive data a day before it becomes public while they can see less sensitive publications five days before the public.

An investment banker at the centre of Germany's biggest ever fraud trial has told judges he earned millions of euros from deals involving "astronomical" trades, Reuters reports. Martin Shields, said the trading, known as cum-ex, was popular between 2005 and 2012, with investors from around the world

Aberdeen Laundry Services is expanding its business with the acquisition of family-run professional laundry service providers, Cathkin Clean Scotland. The purchase has been supported by a £275,000 funding package from Royal Bank of Scotland and marks the next phase in the company’s growt

A proposed local inheritance tax would affect nine in ten Scottish estates. The Institute for Public Policy Research (IPPR) Scotland – a think tank – has suggested the tax in order to raise up to £200 million per year for public services.

The boards of Smith & Williamson and Tilney have reached an agreement to combine their respective businesses. Pictured (L-R): Kevin Stopps, Chris Woodhouse and David Cobb

Two restaurateurs from Glasgow have been banned for a total of 17 years after they caused a loss to HMRC of more than £4 million in unpaid taxes. Sukdev Gill, 55, signed a disqualification undertaking for eight years after he did not dispute that over six years, he caused companies he was a di

Scotland’s universities face rising costs and funding cuts and there is a growing gap in how well different institutions can cope, the public spending watchdog has said in a new report. The universities face various challenges, including a seven per cent (£91 million) real terms cut in g

Following a period of sustained economic growth, Scotland’s gross domestic product contracted by 0.3 per cent in the second quarter – the three months after the original EU departure date at the end of March. This contraction follows relatively robust growth (0.6 per cent) in the first q

Johnston Carmichael has appointed a new head of audit and assurance as part of leadership changes designed to support its succession plans.  Graham Marjoribanks, who has more than 15 years of experience in audit and financial services across the UK and in Canada, joins as partner and will be ba

Float, the cash flow solution for Xero, QuickBooks Online and FreeAgent, took home the award for best forecasting, planning and analysis software at the Accounting Excellence Awards. The AE programme, presented by Accounting Web UK, recognises and rewards brilliance in the accounting profession. Its

Researchers have calculated the monetary value of thoughts and prayers. They found that Christian participants were willing to pay for thoughts and prayers from others while non-believers were willing to pay to avoid them.

JPMorgan Chase & Co has announced plans to build a new state-of-the-art technology home in Glasgow, coinciding with the firm’s twentieth anniversary in the city. The building will be located on Argyle Street, with space for up to 2,700 employees. It is scheduled to open its doors in 2