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Audit teams need to hire more people from diverse backgrounds, according to research carried out by the Institute of Chartered Accountants of Scotland (ICAS) and the UK Financial Reporting Council (FRC). ICAS and the FRC commissioned two teams - led by experts at the University of Pretoria in South

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A five-figure sum of money has been robbed from a Scottish branch of Santander after being raided by masked criminals. The heist, carried out at the Spanish banking giant’s outlet in Helensburgh, Argyll and Bute, saw security staff targeted while transfering cash at the branch.

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Laura Gardiner New figures published by the Office for National Statistics in its Economic Review show that people aged 25-29 are now more likely to rent privately (43.3 per cent) than own a home with mortgage (39 per cent).

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Richard Pennycook Richard Pennycook, chief executive of the Co-operative, has requested that the group’s board members slash his pay by 60 per cent.

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A customer services adviser based at a Glasgow branch of the Bank of Scotland has admitted embezzling £39,000 from the accounts of two elderly customers. The crimes of Sean Adams, 30, only came to light when the daughter of one of his victims checked her mother’s statement when she was no longer

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The Financial Conduct Authority (FCA) has published its annual Business Plan outlining seven priority themes of pensions, financial crime and anti-money laundering, wholesale financial markets, advice, innovation and technology, firms’ culture and governance, and the treatment of existing customer

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Fife-based Parsons Peebles Group, which is part of Clyde Blowers Capital, has bought Reading-based electromechanical services firm Taylor & Goodman for an undisclosed sum. Parsons said the acquisition of Taylor & Goodman demonstrated its intention to become "the number one UK supplier of ele

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Oil & Gas UK, the representative organisation for the UK offshore oil and gas industry, has announced the appointment of a number of member company representatives and a new team of officers to lead its Board. All changes are of immediate effect. Neil McCulloch, president of North Sea at EnQuest

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Scottish GDP grew by 0.2 per cent during the fourth quarter of 2015, according to statistics announced today by Scotland’s Chief Statistician. The latest Gross Domestic Product release, covering the period October to December 2015, shows that total output in the economy grew by 0.2% compared to th

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Technology in the 21st Century is providing us with the means to communicate our thoughts and ideas across the planet in a way that would have been unthinkable, even 10 years ago. However good the technology is, it cannot pick up the subtleties of a language, the culture that underpins it, or even t

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