News

Bill Michael KPMG partners in the UK are to have had their average pay slashed by around 10 per cent after the firm’s annual profits were hammered by a series of write-offs on investments.

(Source: R3/Bureau van Dijk) The number of Scottish companies at higher than average risk of insolvency rose markedly over the course of 2017, according to insolvency and restructuring trade body R3.

Police Scotland has confirmed it is making enquiries into allegations of financial irregularities at the Royal Incorporation of Architects in Scotland (RIAS).

Martin Gilbert Standard Life Aberdeen’s investment arm has seen outflows continue, according to the first trading update for the Edinburgh investment giant since it was created as a result of August’s £12 billion merger of Standard Life and Aberdeen Asset Management.

Bill Kane Aberdeen-based accountancy firm Anderson Anderson & Brown has announced that its rapidly expanding consulting division has formed an 'Associate Network' to assist in delivering a full service consulting offering to clients.

Bruce Evans Edinburgh property group Lomond Capital has announced its second acquisition in two weeks after the purchase of South Manchester sales and lettings agent, Hallmark Residential.

Calum Bennie Many British families feel pressure to create the perfect Christmas and are taking out loans or spending more on credit cards in order to buy gifts, according to new research from Scottish Friendly.

David Milroy Glasgow-based private equity house Maven Capital Partners has led a £1.8 million investment into Curo Compensation Limited in a move that it says will support the continued growth of the business.

Ian Blackford SNP MP Ian Blackford MP has written to Prime Minister Theresa May urging her to step in to prevent Royal Bank of Scotland from closing 62 branches across the UK as the controversy over the plans rumbles on.

Robert Fraser The average home in Scotland is now setting back buyers £209,922, according to estate agents Aberdein Considine’s latest Property Monitor of Scotland’s housing market, which shows more than £5 billion worth of property changed hands between July and September.

Sybille Steiner According to UK government data published this week, there has been a 64 per cent overall increase in the number of employment tribunals in the two months since fees were abolished.

The UK is still the world’s leading exporter of financial and related professional services, according to a compendium of economic statistics published today.

Mark Higgins Glasgow-based Ascent Performance Group has won the Legal Software Solution Award at the inaugural Credit & Collections Technology Awards 2017.

Aileen Knox Third quarter data for Scottish commercial real estate revealed a notable increase for annual total returns, which rose from 2.1 per cent in Q2 to 6.1 per cent in Q3, according to leading property consultant CBRE.

Russell Kett The New Year is likely to be a challenging one for the UK’s hotel operators with flat occupancy levels and increasing overheads, despite positive global and EU economic growth.