News

George Osborne Yesterday’s Summer Budget announcement was a mixed bag for bankers after Chancellor George Osborne announced that the government will “gradually” reduce the bank levy over the next six years, only to go to say that an 8 per cent bank surcharge on profits is to be introduced from

Regulators confirm strict new rules for senior bankers Martin Wheatley

Court of Session, Edinburgh. The UK taxman’s appeal over the original decision in the so-called Rangers "big tax case" has begun being heard by three senior judges.

Barry McKeown Maclay Murray & Spens LLP (MMS) has become the new host partner of the Edinburgh Ethical Finance Roundtable series, following a year in which the firm acted on more than £200 million of Shariah-compliant real estate activity in the UK.

Murray Shaw Lawyers Gillespie Macandrew LLP have confirmed a 2 per cent increase in turnover to £9.8 million in the year to 28 February 2015.

A Department for Work and Pensions adviser has been jailed after admitting to a £33,000 decade-long benefits fraud. Avril Murray, who worked at the DWP’s Dundee call centre, claimed she was a single mother while fraudulently raking in thousands for years.

L-R: Johnny Griffiths, Iain Steele and Craig Martin. Four Scottish accountants from BDO put their counting skills to different use by successfully completing the Five Peaks High Five Challenge last week to raise funds for the children’s rugby charity, Wooden Spoon.

The Royal Bank of Scotland’s wealth management and private banking business, Adam & Company, has reported annual operating profits of almost £23 million for last year, up £5 million on 2013. Latest results for the firm, which was founded in the Edinburgh in 1983, also showed the return on eq

John McFarlane Barclays chairman John McFarlane has taken over as the bank’s new chief executive after Antony Jenkins was sensationally sacked this morning.

Andy Brodie Standard Life Wealth, Edinburgh-based insurance giant Standard Life’s discretionary fund management arm, has announced the appointment of Andy Brodie as its new head of operations.

A new survey has revealed that Scotland is outperforming the rest of the UK in creating university spinout companies. The fifth annual report for the Spinouts UK survey shows Scotland is home to one in five (20 per cent) of the UK’s spinouts, significantly ahead of the next two best performing reg

BenRiach Distillery Company to sink £25m into expansion bid The Edinburgh-based BenRiach Distillery Company has announced plans to invest more than £25m in the business over the next two years.

Sir George Mathewson Sir George Mathewson, the former Royal Bank of Scotland chief executive and chairman, has stepped down as both chairman and director of the challenger bank Shawbrook.

A clamour for more fuel-efficient vehicles saw new car sales in Scotland accelerate last month, according to latest figures from the Society of Motor Manufacturers and Traders (SMMT). In Scotland, new car sales in June totalled 21,576, a year-on-year increase of more than 12.1 per cent and lagging o

People buying or selling property in Scotland would be better protected if the regulation of estate agency was devolved to the Scottish Parliament, the Law Society of Scotland has said. The regulation of estate agency across the UK is covered by the Estate Agents Act 1979.