News

Eilidh Mactaggart, chief executive officer, of the Scottish National Investment Bank (SNIB) has resigned. The bank has announced that Sarah Roughead will act as CEO with immediate effect whilst the board initiates a process to find a new, permanent CEO.

A new taskforce has been set up to transition Scotland into a global leader for Green and Sustainable Financial Services. Finance secretary Kate Forbes and UN Special Envoy for climate action and finance Mark Carney will be amongst those speaking at a public launch of the taskforce on Monday 28 Febr

Asset & wealth management firm AssetCo has reached an agreement to acquire the entire issued share capital of Revera Asset Management Limited for an effective total consideration of £2.8 million. The consideration will be satisfied by the issue of 54,639 new ordinary shares of 10p each in

Scottish legal firm Anderson Strathern has appointed former Deloitte partner Mike McGregor as non-executive director, replacing Graeme Bissett on the firm’s board - Bissett had served two terms on the board since 2015. Mr McGregor spent over 26 years at Deloitte in Scotland, latterly with thei

PwC Canada has been fined over $900,000 by Canadian and US accounting regulators over exam cheating involving 1,100 of its auditors. The Canadian Public Accountability Board and the US Public Company Accounting Oversight Board found that PwC had failed to notice that staff were sharing answers in ex

Mackie's of Scotland has posted record revenues and profits despite the dual challenges of rising costs and Covid-lockdown restrictions. Turnover at the family-owned firm increased by 11% to £18.5 million (up from £16.7m) while operating profit rose by 19% to £4.1m (compared to &po

A major event was hosted in Glasgow on Friday to bring focus to investment opportunities in the Caribbean island of Barbados.

Business confidence in Scotland fell two points during February to 35%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

Almost half (48%) of retired Scots admit they are worried about potentially running out of money in retirement, according to new research published by abrdn.

The next 10 years will be decisive in building a more resilient, entrepreneurial and fair economy, according to economy secretary Kate Forbes.

The Financial Conduct Authority (FCA) has fined Barclays Bank £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s sole banker in the UK.

Two pairs of Sir Michael Caine's glasses are set to go up for sale at an auction next week. The actor is selling items from his personal collection, including artwork, furniture film posters and jewellery.

Aberdeen-based financial advisory firm McHardy Financial has appointed Jonathan Craig as financial planning director. Mr Craig’s appointment grows the firm's workforce to 53 across Scottish offices in the Granite City, Edinburgh, Perth, Kirkcaldy and Galashiels.

Murray Income Trust PLC, a fund managed by abrdn, has seen its Net Asset Value (NAV) return increase by 7.2% in the half year ending 31 December 2021. This compares to the benchmark FTSE All-Share Index of 6.5%.

Burges Salmon has advised award-winning hotel franchise group Atlas Hotels Limited on the acquisition of the Chardon Group, which sees Atlas adding six new properties to its portfolio. The six hotels are located across Scotland, in Dunfermline, Edinburgh, Glasgow and Perth.