News

Fred Goodwin Disgraced former Royal Bank of Scotland chief executive Fred Goodwin has been named among a group of witnesses called on to give evidence in a £4 billion class action legal case brought against the still 73 per cent bailed-out bank by shareholders.

A shortlist of 42 Scottish directors has been announced by the Institute of Directors for this year’s Director of the Year Awards, to be held at Glasgow’s Crowne Plaza Hotel on Thursday 17 March.

Sat Plaha The latest FraudTrack report from accountants BDO shows that the total value of reported fraud in Scotland during 2015 rose 80.9 per cent to £18.164m from £10.038m in 2014.

Scottish firm of business advisors and accountants Henderson Loggie has been named a finalist at the 2016 Xero Awards held in London. The Xero Awards celebrate the success of the online accounting software company’s partners who offer best value added services to their clients. Henderson Loggie pi

Banking giant HSBC, which employs more than 3700 people in Scotland, has made a U-turn on plans to freeze staff pay. The bank, which is set to release its full year results later this month, has recently been under pressure from shareholders to cut costs and improve its lacklustre performance.

Tech businesses are growing 32 per cent faster than the rest of the UK economy and the sector’s Edinburgh workers are among the highest paid in Britain, according to a new report.

Legislation that would levy a supplement on the purchase of additional residential properties has been backed by MSPs on the Scottish Parliament’s Finance Committee today.

Carol Benzie Aberdeen International Airport (AIA) suffered a near-17 per cent fall in passenger numbers in January as reduced offshore helicopter business continued to hit the terminal.

Fewer than one in 1,000 mortgages ended in repossession in 2015, according to the latest update from the Council of Mortgage Lenders. And, with fewer than 1 in 100 mortgages in any sort of arrears, at 0.92 per cent the annual arrears rate is also at its lowest for more than a decade.

Cornerstone Asset Management has announced four key appointments at its Edinburgh office. The financial advice firm announced Alan Reid – formerly of Heath Consulting and Balmoral Asset Management – will bring the experience of a career spanning more than 30 years, to its senior management team

Royal Bank of Scotland has opened the doors of a new ‘Entrepreneurial Centre’ at its global headquarters at Gogarburn just outside Edinburgh. The bank’s former ‘executive wing’, which at one time was seen as a symbol of the worst excesses of the pre-crisis Goodwin era at the now 73 per cen

New data published by the Scottish Government’s chief statistician has prompted one of the county's leading financial experts to claim Scotland’s economy has begun to show “worrying signs of distress”. The new official figures showed that economic growth per person in Scotland has fallen beh

International accountancy firm Mazars has reported a 24 per cent jump in fee income from its Scottish operations. The result north of the border came as the firm, which has operates throughout 93 countries, reported a 14 per cent rise in turnover for the year to the end of August across its UK opera

Sarah Speirs The Scottish housing market saw a flatter demand trend but continued price growth during January, according to the latest RICS UK Residential Market Survey.

The Edinburgh property market continues to prosper, according to latest figures released by estate agent CKD Galbraith. The firm’s office in the capital has reported an increase in the volume of property sales and conducted more viewings during the final quarter of 2015 (Q4 Oct – Dec 2015) compa