News

The Financial Reporting Council (FRC) has fined accountancy firm Grant Thornton more than £2.3 million for failings and a 'serious lack of competence' in its audits of restaurant chain Patisserie Valerie. Patisserie Valerie collapsed in January 2019 as allegations of fraud encompassed the comp

The director of a liquidated construction company has been banned for seven years after failing to explain more than £700,000 worth of expenditure. Forfar Sheriff Court heard that Angel Tas Limited was incorporated in October 2017 and Cristina Angelica Tasca (27), from Arbroath, was appoi

Wealth manager James Hambro & Partners has recruited 7IM’s head of financial planning, George Martineau. Mr Martineau, who will become a partner at JH&P, joins his former colleague, Alex Montgomery, in the firm’s new Edinburgh office in Fountainbridge from 1st October.

Edinburgh-based Unbranded Finance has been nominated as a finalist in the NACFB Patron Awards for 2021. The awards recognise excellence in the lending community, with short-term and bridging finance providing an important function within the property industry in facilitating transactions so borrower

Andrew Scouller, an independent financial advisor at Phil Anderson Financial Services Ltd, discusses further education funding in the wake of COVId-19 and Brexit. As students return to college and university, it’s an apt time to reflect on how the seismic changes wrought by the pandemic and by

Baillie Gifford, the global investment management partnership, has lowered the annual management fee on the Baillie Gifford UK Equity Alpha Fund B class shares, with effect from 1 October 2021. The annual management fee has been reduced from 0.55% to 0.47%. The £1bn UK Equity Alpha Fund aims t

Colin Miller, partner at Burness Paull, discusses the recent crackdown on pharma companies for breaching competition law. The Competition and Markets Authority (CMA), the UK competition watchdog, has recently issued record fines against a number of pharma companies for breaching competition law.

The Financial Ombudsman Service (FOS) has said that banks and other financial institutions still need to do more to resolve complaints from their customers fairly before people are forced to seek help from the service. People are being warned to be extra vigilant about the threat from fraudsters and

A brand new Dundee and Angus College team will give local businesses ‘the competitive edge’ as it unveils a new pot of training funding. The Business Partnerships team, headed up by Caryn Gibson, economics partnership manager, includes three skills advisors who are actively heading into

Bank of Scotland-owner Lloyds Banking Group has announced that it will allow its customers to set their own contactless spending limits after concerns over fraud were voiced by some of its customers. In August, the Treasury announced that the contactless spending limit would be increased to £1

A professional hair model has been awarded 20 million rupees, almost £200,000, after a haircut at one of Delhi's most renowned salon's left her without a job.

Accountancy and business advisory firm BDO has welcomed a record number of trainees in 2021, with more than 600 joining across its graduate and apprenticeship programmes since the start of the year – 22 of whom will be based in Scotland. This month, the majority of BDO’s annual cohort of

Aberdeen-based chartered accountancy firm Meston Reid & Co has continued its policy of nurturing professional talent by taking on three new trainees and a placement student. Its trio of trainees – Jonathan Bain, Cara Wilson and Kendall Gibson – have recently graduated from Robert Gor

Capital Credit Union has scooped the top prize in a prestigious UK-wide consumer awards scheme. The Edinburgh-based organisation was voted Best Credit Union (North) in the Consumer Credit Awards run by independent review group, Smart Money People.

Scottish technology firm Edge Solutions has secured £700,000 investment to roll out its innovative armourEDGE product – developed in collaboration with INEOS Styrolution – which they believe will transform the maintenance of operational wind farms. The Dundee-based firm has develop