News

The Financial Conduct Authority (FCA) is proposing changes to its decision-making process which will enable it to make faster and more effective decisions. The proposed changes will help the FCA improve how it tackles firms and individuals who do not meet the required standards.

Aberdeen-based accountancy and business advisory firm Infinity Partnership has been named Accounting Practice of the Year at the 2021 Sage Impact Awards. The firm was praised for its commitment to excellence by Sage, the global accountancy software firm.

Wealth management firm St James's Place has increased its assets to a record £143.8 billion in the first half of this year. Announcing its first half results for 2021, the firm reported net inflows of £5.5bn which caused its total funds under management to soar. St James's Place also pos

Bank of Scotland owner Lloyds Banking Group has posted a statutory profit before tax of £3.9 billion for the six months to the end of June. In 2020, the bank posted a first-half loss of £602 million, after allocating £2.4bn for bad loans.

Stuart MacPherson, senior business services manager at Aberdeen chartered accountancy firm Meston Reid & Co, details the next stage of HMRC's digitalisation programme. The next stage of HMRC’s digitalisation programme is on the horizon with the second phase of Making Tax Digital for VAT -

The Scottish National Investment Bank (SNIB) has invested £2 million in Forev – the electric vehicle charging network owner and operator – to help tackle the lack of charging infrastructure in Scotland. The equity investment will support Forev in its ambition to create a network of

Global financial services consulting firm Sionic has appointed Scott Lee as a partner in the firm’s  Wealth Management & Private Banking Practice Mr Lee joins Sionic from his former role as investment management director in the Wealth & Asset Management Practice at KPMG. Based in

The Alcoholic Water Company Ltd has secured a six-figure investment from Scotmid Coop and Scottish Enterprise. Launched in 2019, the company is a collaboration between Craig Strachan and Hannah Fisher, the founders of Glasgow-based innovation facility the Start-Up Drinks Lab and Drew Shannon an

Turnover at Aberdeen-headquartered John Clark Motor Group dropped by almost £100 million as a result of a decline in sales caused by the COVID-19 pandemic. Total sales slumped to £721.8m, a drop of 12% from £820.8m reported in 2019.

International real estate adviser Savills has completed its Aberdeen office move to 37 Albyn Place, the former KPMG offices, which have been extensively refurbished to provide modern, high quality and sustainable office accommodation. The move allows Savills to accommodate all staff on a single floo

Santander's business loan scheme has passed the £1 billion lending mark, providing finance to 180 companies.

Strategic real estate advisor Avison Young has released its latest quarterly Big Nine office market update, revealing that Glasgow and Edinburgh city centre offices have experienced the highest take up in over 18 months. Total take-up during Q2 in Glasgow city centre was 142,821 sq ft – down 1

The Financial Conduct Authority (FCA) has launched a consultation on proposals to improve transparency for investors on the diversity of listed company boards and their executive management teams. The FCA is consulting on changes to its Listing Rules to require listed companies to publish annually:

A collector in Germany has lost a legal battle to reclaim Hitler's monumental horses that once stood outside the Reich Chancellery. The bronze statues, which each weigh two tonnes, were made by Austrian sculptor Josef Thorak. They disappeared from a Soviet barracks in 1989 before being found in 2015

Like the rest of the UK, Scotland is continuing to see a marked rise in early signs of insolvency year on year according to the latest Red Flag Alert data published today by business rescue and recovery specialist Begbies Traynor. However, it is feared that the scale of business distress is largely