News

Helen Goodman A Labour MP has accused the British Government of “rewarding their cronies and cheating the taxpayer” through its decision to sell-off the first tranche of state-owned shares in Royal Bank of Scotland.

A Scottish stock market trader is facing fraud charges in the US over allegations that he created fake tweets to mislead the market. US authorities claim the bogus tweets were intended to manipulate the stock prices of two companies.

A series of recommendations made following an inquiry into the spiralling costs of the V&A Dundee project have now been implemented, according to a new report.

Royal Bank of Scotland has been forced to deny allegations that it falsified documents in order to pay lower levels of compensation to small businesses which were mis-sold complex interest rate hedging products. The still 73 per cent state-owned bank refuted the claims made by The Times newspaper th

The recent decline in Scotch Whisky exports is slowing, with industry revenue from shipments in the first half of the year totalling £1.7 billion. According to the Scotch Whisky Associaiton, encouraging trends are starting to develop in several key markets despite continuing economic headwinds, pol

Andrew Paterson, Hugh Younger and Sean Cockburn. Edinburgh-based private client law firm Murray Beith Murray has announced the appointment of Sean Cockburn to tax director and Andrew Paterson to partner.

Edinburgh-based Standard Life has committed to invest £30m in its wrap platform to improve retirement income processes. The insurance giant said it was spending the money to make sure it kept pace with the changes in the pension and retirement investment market.

Aberdeen and Edinburgh have ranked in the top five UK cities in which to live and work for a fourth consecutive year. According to the latest 2015 Good Growth for Cities index, produced by PwC and think-tank, Demos, Glasgow has also performed well and continues to slowly move up the rankings.

Susan Deacon Susan Deacon has today been named as the new Chair of the Institute of Directors in Scotland.

KPMG is targeting growth in its audit, forensic, technology risk and tax teams in Scotland with promotions at partner and director levels. David Derbyshire, previously audit director, has been promoted to partner.

A committee of MPs has blasted HM Revenue and Customs (HMRC) for "still failing UK taxpayers". The MPs accused HMRC of only answering half the phone calls to its customer care centre, and failing to carry out enough prosecutions.

Lord Justice Clerk, Lord Carloway A scheme involving payments to various trusts set up in respect of executives and footballers employed by the former Rangers Football Club amounted to “a mere redirection of emoluments or earnings” and was accordingly “subject to income tax”.

Statistics announced today by Scotland’s Chief Statistician in the latest Retail Sales Index for Scotland release covering the period July to October 2015, has shown that the volume of Retail Sales in Scotland increased by 1.0 per cent in the third quarter of 2015 and grew by 4.0 per cent annually

KPMG has taken over the running of Port of Ardersier Ltd, the owner of the former oil and gas industry fabrication yard at Ardersier, after the business was placed under administration. Port of Ardersier was granted full consent from the Scottish government in August last year to bring the site back

Aberdeen Asset Management, Standard Chartered’s second largest shareholder, has said it will back the bank’s $5.1billion (£3.2bn) rights issue. Shares in Standard Chartered fell sharply yesterday after the Asia-focused UK bank said it would raise $5.1bn (£3.3bn) and cut 15,000 jobs by 2018.