News

The Dundee-headquartered investment company Alliance Trust has announced the appointment of Vulcan Value Partners (VVP) as its ninth equity manager. Willis Towers Watson (WTW) was appointed to oversee the investment portfolio two years ago and has overseen eight global equity managers who each have

Anne Whitaker has been appointed to the Financial Reporting Council's (FRC) Conduct Committee and chair of the Audit Quality Review Committee (AQRC). Ms Whitaker was first appointed to the AQRC in 2016 and she replaces David Cannon, who has served as chair of the AQRC and a member of the Conduct Co

HRC Recruitment has hired Margaret Richmond as director and Lynne Macdonald as principal consultant. As experienced recruiters, Margaret Richmond and Lynne Macdonald will allow HRC Recruitment to strengthen its offering across the full accountancy and finance market.

National Savings and Investments (NS&I) has announced that it will slash interest rates on 1.5 million accounts. The bank, which is backed by the Treasury, is cutting interest rates on 1.5m accounts which contain almost £25bn worth of savings. Experts have blamed the move on a no-deal Brex

Royal Bank of Scotland has provided a £410,000 funding package to allow an Islay to expand its offering with additional rooms and a new bar and restaurant. 

Digital banks operating within Britain are on track to treble their customers in the next year.

A Moray building materials supplier has been sold in a management buyout (MBO).

Bank of England figures have shown that mortgage deals are at a two-year high due to lower bank rates. The figures have shown that approvals increased to 67,306 from 65,506 in June, the highest level since July 2017. They also indicated that mortgage lending rose by £4.6 billion, the biggest i

The Edinburgh-based fintech company Paysend has reached one million customers within just two years. The customer milestone was reached for its card-to-card money transfer service, Global Transfers.

New HSBC UK research has revealed that over half of Scottish small and medium-sized enterprises (SMEs) believe that fraud attacks are becoming more frequent.

Oliver-Niven Smith, from Johnston Carmichael Wealth's Perth office, has embarked on a challenge to cycle from Paris to Milan to fundraise for Mary's Meals. Oliver has started a JustGiving crowdfunding page to accumulate donations for his challenge, which will then be given to Mary's Meals.

Citizens Advice Scotland (CAS) has launched a new service to help consumers beat online scammers.

Boxing champion Manny Pacquiao has launched his very own cryptocurrency at a free concert in Manila.

Sixty per cent of chartered accountants (CAs) would prefer that the UK remain in the single market after Brexit, a new poll has found. Only six per cent of CA members of the Institute of Chartered Accountants of Scotland (ICAS), however, believe that this outcome is likely.

UK fintech startup Ipagoo has been bought up after it entered administration last month. Anglo-Dutch investors Chairman Financial said it has an exclusivity agreement to purchase 100 per cent of the company, in addition to certain assets of its parent company, Orwell Group Holdings.