News

Brian Caplen A new report has revealed that UK banks are failing to keep pace with their international rivals after seeing their profits slip by more than a fifth.

U.S. investment banks Goldman Sachs and Morgan Stanley have each issued denials to reports that they are planning to move their London banking operations to Frankfurt following Britain’s vote to leave the European Union. The denials are in response to reports that the banking giants had pre-let of

An Edinburgh University payroll manager who mocked-up a fictitious £14,000 invoice for taxidermy services has been branded a ‘disgrace’ and sentenced to 200 hours of unpaid work. Henry Emmanuel, 37, tried to have the invoice rushed through saying there would be a complaint if it was not paid.

Royal Bank of Scotland has been criticised by police over its failure to intervene in a spate of frauds carried out within a quarter mile radius of a leafy part of Edinburgh over the course of just 10 days which saw vulnerable pensioners tricked out of more than £300,000. Four victims were targeted

Ross McEwan Ross McEwan, the chief executive of Royal Bank of Scotland, has written to the 73 per cent state-owned group’s staff to warn them of “short, medium and long-term” economic uncertainties as a result of the vote to leave the EU.

Building maintenance services company, Alba Facilities Services Ltd, has streamlined its business with an efficiency-boosting software system thanks to a third round of funding from UK Steel Enterprise (UKSE).

Independent Scottish law firm Gillespie Macandrew LLP has announced an increase in profits in its last financial year of over 18 per cent from £2.4m to £2.86m on the back of an increase in turnover of 6.7 per cent from £9.81m to £10.47m. The figures are incorporated in the firm’s Annual Report

Gleneagles Hotel The Institute of Directors and The Gleneagles Hotel have agreed a deal which will see the IoD Annual Conference be held at the hotel for the next two years. The 2016 IoD Conference, which will be held on 3-4 November, is focused on ‘The Business of Leadership’.

Major improvements have been made at South Ayrshire Council over the last two years, according to the Accounts Commission. A new report published today charts how the council has responded to a critical audit in February 2014 when the Commission voiced concerns about significant weaknesses in the ma

Russell Frith The security and transparency of Scotland’s public finances have been strengthened after a national data-sharing exercise found nearly £17million of fraud and error across services.

Edinburgh-based cloud accounting software provider FreeAgent has teamed up with a UK accountancy firm to provide hundreds of contractors with greater clarity over their business finances. FreeAgent, whose software is designed for accountants working with contractors and micro-businesses, has agreed

Roseanna Cunningham The first parts of the Land Reform (Scotland) Act have come in to force this week.

Ally Scott One of Scotland’s most recognised deal makers is to join EY as Partner to lead and expand its corporate finance team.

The latest annual legal benchmarking review from Henderson Loggie, in conjunction with the firm’s UK accountancy association MHA, points to encouraging signs of growth for a second year, most notably through an upturn in the property and construction sector. However, improved fee income has not tr

Paul Russell Audit, tax and consulting firm RSM has appointed VAT and indirect tax specialist Paul Russell as an associate director in Glasgow.