News

HSBC Holdings has confirmed Brendan Nelson as its permanent chairman, concluding a seven-month search to replace Mark Tucker. The appointment has surprised the market, coming just one day after CEO Georges Elhedery stated that Mr Nelson, 76, had expressed a desire not to commit to the role for the t

Mid-tier accounting firm RSM has reported record remuneration for its UK partners, taking their earnings to levels competitive with the Big Four. Average profit per equity partner rose 16% to £821,000 in the year to March, up from £708,000. This figure overtakes the average earnings at E

BDO, the UK’s fifth-largest accounting firm, has reported a decline in profitability and partner payouts as it navigates a difficult market and prepares for a significant global restructuring. In the year ending July, operating profits fell by over 7% to £210 million. The average profit

The Chancellor’s decision to limit cash ISA contributions to £12,000 from April 2027 may be unpopular in a nation that prefers the safety of cash, but it could make a six-figure difference to savings over the long term, according to Murphy Wealth. Analysis from the Glasgow-based firm sug

Manchester-headquartered AMS Accountants Group has launched its expansion into Scotland, securing more than £200,000 in contracts within its opening weeks. Backed by fresh investment from Macquarie Capital, the group aims to challenge traditional consolidators by building a £20 million S

A hardcore fan of The Simpsons who paid for a genuine licence plate referencing the cartoon has complained of a deluge of fines thanks to bad motorists using similar fake novelty plates. Massachusetts woman Katie Unis has the only genuine licence plate in her state which reads "BORT", WBZ NewsRadio

Edinburgh-based satellite technology firm Sofant Technologies, developer of low-power RF MEMS beamforming technology, has appointed Will Whitehorn to its board of directors as chairman, effective January 2026. This appointment marks a significant milestone for Sofant as the company transitions from

Dundee entrepreneur Tony Banks paid £8.26 million to acquire Eden Mill out of administration, a newly released administrators’ report has revealed.

Borders law firms Douglas Gilmour & Son in Selkirk and Pike & Chapman in Galashiels are to merge and trade as Gilmour Pike Chapman. From 1 April 2026, the firm will become Gilmour Pike Chapman Limited. The practice will continue to operate from the same office locations.

Legislation is currently being prepared to grant Scottish councils increased autonomy over the design and implementation of the Visitor Levy. The proposed bill, intended for introduction in early 2026, builds upon the Visitor Levy (Scotland) Act 2024, which originally allowed local authorities to fu

The cream of local businesses have been recognised at the West Lothian Chamber of Commerce’s Business Excellence Awards 2025. More than 150 guests, including local MP Kirsteen Sullivan and MSP Fiona Hyslop, attended the glittering ceremony at the Macdonald Houstoun House Hotel, where Capital S

The Federation of Small Businesses (FSB) has called on East Lothian Council to consider a seasonal Visitor Levy rather than a blanket year-round tax, warning that rushing implementation could damage the region’s status as "Scotland’s Golf Coast". Responding to the council's consultation,

Aberdeen-headquartered John Wood Group plc has appointed Jade Moore as group chief financial officer, effective immediately. She replaces interim CFO Iain Torrens, who moves into the CEO role as part of the acquisition agreement with Sidara.

The Bank of England (BoE) has announced its first major loosening of banking regulations since the 2008 financial crisis, cutting the estimated capital UK lenders must hold. Following successful stress tests, the Financial Policy Committee (FPC) lowered the benchmark for tier one capital – the

Glasgow occupiers are increasingly opting to take ‘let-ready’ office space as they look to minimise the time and resource they spend on moving and fitting out new premises, according to research from Knight Frank.