News

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell from £137 billion at the end of February to £133 billion on 31 March 2017, according to Mercer’s Pensions Risk Survey.

Royal Bank of Scotland’s plan to avert the need to sell-off its Williams & Glyn business, as per the EU-imposed conditions of its £45 billion taxpayer bailout, is to be probed by the European Commission.

The output of the Scottish economy contracted by 0.2 per cent during the fourth quarter of 2016, according to statistics announced today by Scotland’s Chief Statistician.

HM Revenue and Customs (HMRC) has launched a new hotline for the public to report fraud and evasion in the fight against tax fraud.

Donald Forsyth Saffery Champness has announced that Donald Forsyth has joined the Scottish accountancy firm as a partner based in its Inverness office.

A fraudster who swindled tens of thousands of pounds through a ruse of opening multiple bank accounts in different names has been jailed.

Deloitte has unveiled the next stage of its Scottish expansion with the opening of its new Greenhouse and the continued expansion of its digital Edinburgh studio.

Alison Sellar and Christopher Edgar Aberdeen-based payroll and tax compliance specialist activpayroll, has launched an additional US office as part of its ongoing international expansion.

Edinburgh-based venture capital firm Par Equity is to open its first US office in San Francisco.

Tim Allan The Scottish Chambers of Commerce has announced the appointment of Tim Allan as its new President, taking on the role from Nora Senior who stands down after four years in office.

Farmers and crofters who are waiting for their 2016 payment under the Less Favoured Area Support Scheme (LFASS), the £178 million system set up to deliver European Common Agricultural Policy (CAP) payments, are to be offered a Scottish Government funded loan.

David McCreadie Edinburgh-based challenger bank Tesco Bank has announced that new customers can again now apply to open a current account to benefit from a guaranteed 3 per cent credit interest on balances up to £3,000 until 1 April 2019.

Nicola Sturgeon Funding to support women-led Scottish businesses has been doubled to £120,000 Nicola Sturgeon has announced today in California during the First Minister's visit to the American state.

Liontrust has completed its £30 million acquisition of Dundee-based Alliance Trust Investments (ATI).

The performance of the UK manufacturing sector remained solid at the end of the first quarter, although rates of expansion in output and new orders lost further impetus following recent highs, remaining above respective long-run averages, with domestic markets a key source of new business wins.