News

Scottish law firm Burness Paull has posted profits of £33.3 million - a rise of 39% - despite the economic upheaval of the coronavirus pandemic. Burness Paull said an intense programme of client listening and rapid response during the pandemic has been the foundation for strong revenue perform

Financial services giant Aegon has announced a Knowledge Transfer Partnership (KTP) with the Edinburgh Futures Institute and the Business School at the University of Edinburgh, to develop a new approach to financial engagement. The two-year project will see experts from the institutions collaborate

Consumers have been urged to be aware of new scams which are on the rise in Scotland as national ScamWatch Week gets underway. This year’s campaign will highlight the misconception that only older and more vulnerable people are caught out, with scammers increasingly using emails and texts to p

Athletes have complained that gold medals handed out at the Tokyo 2020 Olympics are falling apart. Chinese athletes Zhu Xueying and Wang Shun said on social media that material was flaking off their medals, The Times reports.

TaxAssist Accountants has expanded its footprint in the north east of Scotland, thanks to a £175,000 funding boost from the Royal Bank of Scotland. Its new Inverurie office, which opened in July 2021, joins a portfolio of practices across Banchory, Aberdeen and Dundee and has already enjoyed a

Independent financial advisory firm Ascot Lloyd has completed the acquisition of Aberdeen-based Central Investment Services (Scotland) Ltd, building on the Group’s 12 acquisitions over the last 12 months. Central Investment has a longstanding track record of success in the Scottish market

North east environment technology firm Recycl8 has been awarded a grant by the UK’s innovation agency Innovate UK to accelerate the R&D phase of its ground-breaking low carbon process for the construction and concrete industry. Recycl8 secured an Innovate UK Transforming Foundati

The Financial Reporting Council (FRC) is preparing to tighten the governance code for Britain’s biggest audit firms in a move that will increase pressure on EY to split the roles held by its UK leader. Scottish Financial News reported yesterday that the FRC announced a consultation on pro

Cat MacLean, partner and head of dispute resolution at MBM Commercial, explores the judgment issued yesterday morning in Sekers v Clydesdale [2021] CSOH 89. Online fraud has been on the rise for many years. The advent of lockdown and working from home has seen the volume of attacks increase by one t

Work has commenced on a £4.5 million development that aims to attract high-profile businesses to the Ravenscraig regeneration site. A ceremony to mark the continuation of construction works was attended by Kate Forbes MSP, the cabinet secretary for finance and the economy; Cllr

Edinburgh-based brand and cultural destination specialists Studio MB have been appointed by Gordon & MacPhail to design its new distillery visitor experience in the Highlands.

This weekend, children from across Orkney will get their hands on ‘millions’ of pounds to make a climate change inspired piece of artwork for COP26. The Royal Bank of Scotland has donated paper confetti made from notes withdrawn from circulation for an art project at the Pier Arts Centre

The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, according to UK Finance. The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority following a public c

Scotland's engineering sector is on an upward curve for the second consecutive quarter, according to Scottish Engineering’s latest Quarterly Review. The review highlights that optimism, exports and staffing remain strongly positive for the second consecutive quarter since the pandemic started,

Social security expenditure in Scotland will total £5.2 billion in 2026-27, according to the Scottish Fiscal Commission’s latest forecast report published today. The amount spent is projected to increase by £1.5bn over the five years due to a variety of reasons including an increas