News

The Financial Conduct Authority (FCA) is set to launch two market studies and gather further information to investigate access to wholesale data. In response to a Call for Input, the FCA heard concerns that limited competition in the markets for benchmarks and indices, credit ratings and trading dat

Consumer champion Which? has uncovered worrying flaws in online banking security systems that could leave customers exposed to fraud, with some banks failing to use the latest protections for their websites and allowing users to set insecure passwords.

Bank of Scotland has announced the appointment of two new relationship managers for its Edinburgh, Lothians and Borders SME and Mid Corporates team, bringing more than 40 years of financial services experience. Stuart Clark and Alan Bedford join a nine-strong team of commercial banking specialists a

Wright, Johnston & Mackenzie LLP has made a significant investment into a new office space in Glasgow as its teams look to the future of post-pandemic ways of working. The firm's Glasgow team will be moving to St Vincent Plaza, a Grade A office space in the heart of the city’s IFSD Central

Jon Holt, the chief executive of KPMG, has admitted that the Big Four firm misled the Financial Reporting Council (FRC) over its audit of collapsed outsourcer Carillion. In a statement released on the first day of a five-week disciplinary tribunal over the behaviour of the firm and six former employ

HMRC is urging tax agents and accountants to remind their clients that COVID-19 support grants or payments are taxable and should be declared on their company tax returns. The deadline for customers or agents filing company tax returns (CT600) is 12 months after the end of the accounting period it c

An Italian mobster with a distinctive scar on his chin was caught after decades on the run when he was spotted on Google Street View. Police say they tracked down mafia killer Gioacchino Gammino in the Spanish town of Galapagar after he was snapped by Google cameras standing outside a grocery shop.

Ed Crockett has joined Savills as a director in the operational capital markets (OCM) division to operate within Scotland's real estate sector.  Based predominantly in the firm’s Edinburgh office, Crockett will also spend time in Savills Head office in London working across all OCM s

FinTech Scotland has confirmed a 27% increase in the number of fintech enterprises in Scotland as the cluster management organisation reaches its fourth anniversary. The FinTech SME community has now reached 190 Compared to 147 this time last year and just 26 firms when Fintech Scotland started four

Analysis of a decade of corporate insolvencies statistics collated by the Scottish Government from 2011 – 2021 has revealed that businesses are most likely to fail during the first six months of the year. The data, which was collated by accountancy firm Azets, reveals that during the decade th

The Scottish private sector recorded a further upturn in activity at the end of 2021, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector output - posted 52.7 in D

Game4Padel, the Edinburgh-based padel business backed by tennis star Andy Murray, has been valued at £18 million in its latest investment round, during which the company raised £3m from retail and institutional investors. The company’s fourth successful fundraising round in less th

Michelin Scotland Innovation Parc (MSIP) has shared a first look at its flagship space which is being delivered by Robertson Construction and Holmes Miller.

A nationwide campaign gets underway today to encourage Scots to seek free debt advice if they are struggling with their bills. The Advice Direct Scotland campaign will include adverts on commercial radio, in newspapers, on buses and on digital street hubs across Scotland.

Baillie Gifford, the global investment management partnership, has appointed Ross Mathison as a portfolio manager of its Global Income Growth Fund and Responsible Global Equity Income Fund. Mr Mathison joined existing managers James Dow and Toby Ross on the funds on January 1.