News

EY's estimate of how much financial services companies have committed to move out of the UK and into Europe in the event of a worst-case Brexit scenario has been pushed up to about £1tn, according to the firm's lates survey.

The personal service company of Scottish broadcaster Lorraine Kelly has won a First-Tier tribunal appeal against a £1.2m demand from HMRC for unpaid income tax and National Insurance Contributions. Albatel Limited, the personal service company of Mr Stephen Smith and Mrs Lorraine Smi

The next step in Aberdeen Standard Investments and Virgin Money's joint venture has been taken with the appointment of the Edinburgh-based wealth manager as investment adviser for £3.6bn of assets across a range the CYBG-owned bank's portfolios. The development sees ASI appointed investme

Economic growth in Scotland is expected to dip to 1.2 per cent in 2019, before accelerating to 1.6 per cent in 2020, according to PwC’s latest UK Economic Outlook report. The projections come as official figures show Scotland saw GDP growth of 0.3 per cent in real terms during the fo

The Scottish public are just as likely to invest their savings in art, antiques, jewellery or wine as they are in the stock market, according to new research from Barclays. The research, coinciding with the 20th anniversary of the ISA, reveals that only a quarter of Scots (25 per cent) hav

Eight aspirational female-led Scottish companies have been shortlisted as finalists for this year’s AccelerateHER Awards.

Glasgow-based chartered accountants Wylie & Bisset has welcomed the recent rise of the challenger banks offering SMEs and start-ups a variety of fresh, faster and easier funding options. The boom in the number of challenger banks over recent years has been in part a consequence of the restr

The winner of the F&C Investment Trust Prize has been announced as Heather Ramsey, who is studying for an HND in Legal Services at City of Glasgow College. Heather Ramsey, Paul Little, principal and CEO City of Glasgow College, AND Milea Leone, student president of

Following yesterday’s tribunal decision in favour of Standard Life Aberdeen (SLA) in its Scottish Widows fund dispute Lloyds, the Edinburgh-based life, insurance and investment giant may now be set to pursue around £300 million in compensation from the banking group over the saga.

Current acting executive director of the soon-to-be-scrapped Financial Reporting Council Mike Suffield is to join the Association of Chartered Certified Accountants (ACCA) as its new director of professional insights. Mr Suffield will take up the role in August 2019, having held his c

Large concentrations of land ownership are having significant impacts on local economies and communities across rural Scotland, according to the Scottish Land Commission. A new report published today titled Investigation into the issues associated with Large Scale and Concentrated Land Own

Technology has the potential to create seismic waves of change through banking that will alter consumer habits further, but the industry will need to work hard to maintain trust and to ensure some customers are not left behind in the ‘Bank of the Future’.

The Scottish economy grew for the eighth consecutive quarter during the final three months of 2018, according to official statistics released today by Scotland’s Chief Statistician.

Royal Bank of Scotland-owned NatWest has announced plans to launch a new virtual account platform in partnership with Nordic software company Tieto, to offer its SME and corporate customers a new client monies and virtual account management service. The new platform will support regulated profe

The Edinburgh International Conference Centre (EICC) has reported record results for 2018, with operating profits at £1.4m (2017: £1.2m ) for the year to 31 December 2018. Revenue figures of £11.8m (2017: £11.2 m) were achieved during the financial year while economic impact