News

The Financial Conduct Authority (FCA) has appointed Quilter CEO Paul Feeney as the chair of its independent Practitioner Panel. Paul will take up the post from 1 January 2021, succeeding Tulsi Naidu, CEO of Zurich UK. He has been a member of the panel since 2015.

A taxi driver in Paris has been reported to the police after he charged tourists €230 for a trip from Charles-de-Gaulle airport to their hotel.

A trustee who embezzled hundreds of thousands from a charity has been ordered to pay back £700,000 in profit. Ian Brash, from Wallyford, East Lothian, admitted embezzling £358,832 from the Dr Robert Malcolm Trust between August 2010 and September 2014.

RAB-Microfluidics, an Aberdeen R&D company developing cutting-edge microfluidic technology that solves oil analysis problems, has secured a £1.24 million investment round led by Eos Advisory. The investment round, which also includes London-based Newable Ventures, Scottish Enterprise and e

Despite the challenges of the COVID-19 pandemic, Edinburgh-based business angel investment syndicate Archangels led investments of £16.3 million in promising Scottish start-up and early stage companies in 2020, topping its 2019 total of £13.4m by 22%. Across 2020, the syndicate

Stirling-based IT services firm 2e-volve has ignored multiple buy-out approaches in favour of entering an employee ownership trust to secure its long-term future. The firm, which has more than 200 clients in the Forth Valley area, acts as an outsourced IT department as well as providing IT, network

Mortgage approvals reached a 13-year high in November, according to figures released by the Bank of England.

Clydesdale Bank, which is owned by Virgin Money, has announced that it will now accept variable income such as bonus, commission and overtime in its mortgage affordability assessment. A prospective buyer's variable income must have been received after 2 December 2020 to show that borrowers have

Donald Trump's first Scottish golf course has posted its eighth year of consecutive losses in 2019, despite an 18% rise in revenue. Trump International Golf Club Scotland Ltd (TIGCS), which owns and operates the golf course, its clubhouse and a small hotel at Balmedie in Aberdeenshire has racked up

Lomond Capital, the owner of Scottish lettings & estate agency brands Braemore and Stonehouse, is to merge with Yorkshire firm Linley & Simpson to create a new national lettings business with more than 22,000 properties on its books. Lomond Capital has said that the deal with Linley & Si

Ashtead Technology, which has facilities in Aberdeen and Inverurie, has appointed a chief financial officer (CFO) and five managers for newly created roles across its international team. Ingrid Stewart assumed the new CFO position this week, bringing 23 years of corporate finance experience to the A

Experts in the residential property division of law firm Lindsays are buoyant about price prospects for 2021 in Scotland’s property market after revealing details of their busiest four months on record. The firm recorded almost £100 million worth of sales in just four months.

Chancellor Rishi Sunak has announced that the Scottish Government will receive a further £375m to offer direct support to Scottish businesses.

Peter Vardy Ltd has announced ambitious plans to expand its used car operations, soon to be rebranded “Carz”, in a move that will double the group’s annual used car volumes. The business has already restructured to become a significant e-commerce operator, invested in its IT platfo

UK banks are pushing the Treasury to increase the contactless payment limit from £45 to £100. If approved, the move would be one of the UK's first firm examples of parting company with the EU on banking standards.