News

The fall in oil price continued to impact the UK oilfield services (OFS) sector in 2016 with turnover falling by 15.5 per cent but the future looks more positive as pressure from external factors ease, according to EY’s Review of the UK Oilfield services industry launched today.

The Committee of Scottish Bankers (CSCB), on behalf of the Scottish note issuing banks - Royal Bank of Scotland, Clydesdale Bank, and Bank of Scotland - has announced that there are now less than four weeks to go until all Scottish paper £5 and £10 notes are withdrawn from circulation.

Scottish Premiership side Hamilton Academical has announced plans to launch a legal action against Royal Bank of Scotland over what the club claims were security lapses that led to it being defrauded to the tune of almost £1 million.

Ross McEwan Top bosses at Royal Bank of Scotland have been accused of deliberately misleading MPs probing the bank’s conduct towards its business customers.

Jane Howard Royal Bank of Scotland has bowed to pressure and said it will now keep open – at least until the end of the year – 10 of the 62 branches it has marked for closure, but warned customers they must use them, or risk losing them for good.

Michelle Mone (Image c/o UK Parliament) Glasgow-born entrepreneur Michelle Mone and her billionaire partner Doug Barrowman are hoping to raise about £57 million through an initial coin offering (ICO) to launch a new cryptocurrency-powered investment platform.

Business Loans Scotland has said it is now offering loans of up to £100,000 to firms in Fife.

Matt Henderson Insolvencies are down in Scotland but all might not be as it seems, argues Matt Henderson, head of restructuring, at Johnston Carmichael

A new survey of Edinburgh residents by the city’s council has revealed that 42 per cent of respondents asked for the creation of a tourist tax, such as a levy on hotel guests visiting the capital.

1 St Andrews Square (Image: c/o Savills) UBS Wealth Management has announced a significant investment in its Edinburgh business where it is seeking to double its headcount.

Both Lloyds Banking Group and Virgin Money have this week banned their customers from buying Bitcoin and other digital currencies with their credit cards.

Iain Fraser A leading North East specialist supplier of small bore tubing systems, technology and services to the oil and gas industry, Aberdeen Fluid System Technologies Limited (AFST), has been placed in receivership, with Iain Fraser and Tom MacLennan, partners with FRP Advisory LLP, appointed jo

Ross McEwan Following his chastening experience before a parliamentary committee last week over the conduct of the bank's Global Restructuring Group, Royal Bank of Scotland chief executive Ross McEwan is attempting to avoid a repeat appearance after entering into talks with MPs aimed at securing a s

Carol Flockhart Edinburgh-based accountancy firm, Chiene + Tait has been announced as lead sponsor of the 2018 Ambition & Growth Conference, an event aimed at supporting female entrepreneurs and investors in Scotland.

Robert Burns To mark Scottish Family Business Day, Robert Burns, partner at Scottish law firm Burness Paull, takes a look at how a business can be structured to suit your family’s needs.