News

Royal Bank of Scotland stands to pocket at least £150 million after the sale of Vocalink, the payments and cashpoint processing giant that it co-owns. The part-state owned lender is one of 18 banks behind Vocalink, which is being sold to Mastercard in a deal worth up to £869m.

Philip Hammond Data from IHS Markit's Purchasing Manager's Index shows a fall to 47.7 in July, the lowest level since April in 2009.

The director of a building company that conned an 87 year old out of nearly £150,000 has been sentenced to 3 years imprisonment. 21 year old Robert Stewart, sole director of Abbey Roofing and Building Services, was imprisoned at Edinburgh Sheriff Court yesterday having been convicted of fraud by a

Fifteen Scottish-based accountants have been named among ICAS’s 35 Chartered Accountants (CAs) under 35 for 2016. The global body of finance professionals said the list, which includes entries spanning six continents, recognises “the best and brightest Chartered Accountants who are making a diff

A focus on manufacturing relationships, digital opportunities and delivery of its vision to be “the best place to work and the best place to buy”, has reaped substantial benefits for Peter Vardy Group Holdings, the rapidly-growing Scotland-wide automotive retail business. The Group accounts for

Govan Law Centre (GLC) has written to the Minister for Business, Innovation and Energy in Scotland, Mr Paul Wheelhouse MSP, expressing concern over many creditors gaining massive financial windfalls at the expense of financially vulnerable people in Scotland who are finding it tough to make ends mee

Two of Scotland’s most established insolvency practitioners have been appointed to the Accountant in Bankruptcy advisory board. Bryan Jackson, insolvency consultant at Johnston Carmichael and former PwC restructuring specialist Laurie Manson, have joined the advisory board as non-executive members

A police inspector who siphoned off more than £100,000 in fake payments and loans whilst working as a financial adviser is facing a prison sentence. David Brown, 46, pocketed thousands of pounds by setting up fake accounts in the names of investors – including family and friends – while still w

The cost of the Edinburgh Trams Inquiry, which was set up to establish what went wrong with the £776m project that went massively over budget and was completed five years later than planned, has been revealed. The probe, examining the cost of the inquiry into the excessive overspending on the trams

The Council of Mortgage Lenders has estimated that gross mortgage lending reached £20.7 billion in June - 16 per cent higher than May’s lending total of £17.8 billion, and 3 per cent higher than the £20.1 billion lent in June last year. It is the highest June figure in eight years when gross le

Derek Weir and Jim Rigby The oldest golfing society in the world, the Royal Burgess Golfing Society, in Barnton Edinburgh, has completed a £750,000 refurbishment of its facilities with support from a £580,000 funding package from Bank of Scotland.

Unite, the banking union, has criticised the Royal Bank of Scotland’s proposals to relocate more jobs to India. The union has called out state-backed lender Royal Bank of Scotland on its plans to move another 66 jobs from Britain to India, calling it a gross betrayal of the bank’s workforce.

Over eighty of the UK’s leading directors from across the country, including five from Scotland, have been shortlisted for the Institute of Directors’ annual Director of the Year Awards Finals. Directors from Scotland on the UK Director of the Year Awards shortlist are:

Lockton, Corporate Scotland, part of the world’s largest privately-owned insurance broker, is marking its best trading year to date with a move to substantially bigger premises in one of the most attractive neo-classical office buildings in the heart of Glasgow city centre. It is leaving its curre

Martin Gilbert CEO of Aberdeen Asset Management has raised questions over why so few chief financial officers are female. Speaking ahead of a diversity forum at the Aberdeen Asset Management Ladies Scottish Open, Mr Gilbert highlighted that despite 60 per cent of the intake into the accountancy prof