News

Scottish Financial Enterprise (SFE) has launched its five-year strategy for the financial services sector, establishing a range of proposals to drive collaboration across the industry and with both the Scottish and UK governments. Scotland’s Financial Services Strategy was designed by the indu

Sir Tom Hunter has today announced a £7.5 million investment from The Hunter Foundation (THF) in partnership with the Scottish Government to deliver an overall funding package of £26.9m for a Scottish Mentoring and Leadership programme for young people across Scotland. MCR Pathways chari

The financial services industry is in the midst of a significant transformation in electronic payments accelerated by the COVID-19 pandemic, according to a new report by PwC. Payments are increasingly becoming cashless, and the industry’s role in fostering inclusion has become a significant pr

As lockdown restrictions in the UK begin to ease, a new report suggests the realities of Brexit for many businesses are only now beginning to bite as the full impact of the Trade and Cooperation Agreement (TCA) becomes clear. The report by law firm Irwin Mitchell and the Centre for Economics and Bus

UK car production rose significantly, but artificially, in April according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Britain made 68,306 cars compared to just 197 a year ago when Covid restrictions effectively halted manufacturing. The performance

The Financial Reporting Council (FRC) has issued a revision of its UK auditing standard on the responsibilities of auditors relating to fraud - ISA (UK) 240 (Revised May 2021) - The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements.The revisions to the standard are des

A couple apparently booked out a Boeing 737 for a mid-air wedding ceremony in a brazen attempt to circumvent Covid-19 restrictions on weddings in India.

Chartered accountancy firm French Duncan has promoted VAT director Maria McConnell to partner, following significant growth in this area of tax over the past six years. Ms McConnell has led French Duncan’s VAT team since joining the firm in 2015. In that time, she has driven a significant incr

Commsworld, the UK’s largest independent network provider, has appointed former Royal Bank of Scotland senior executive John White to its board as a non-executive director. Mr White is a globally recognised figure in banking and technology. He worked for many years with computer giant IBM befo

Scottish telecoms technology company Calnex Solutions, which is Scotland's newest AIM Listed company, has seen revenues rise by 31% to £18 million for the year ended March 2021. The firm, which joined London's AIM market in October 2020, posted its annual results revealing a 22% increase in pr

Mattioli Woods plc, the specialist wealth and asset management business, has announced the proposed acquisitions of Glasgow-based Maven Capital Partners UK and LWMG Topco Limited. The firm has also announced an equity fundraising to raise gross proceeds of approximately £110 million and an add

The UK Government’s plans to shake up the accountancy sector are facing a significant setback, as smaller firms consider snubbing reforms that would see them share FTSE 100 work with the Big Four companies. UK ministers have proposed “managed shared audits” of FTSE 350 businesses,

Schroders Personal Wealth (SPW) has appointed Marcelo Rodrigues to lead its business development proposition across Scotland and Northern Ireland. Mr Rodrigues will be responsible for leading brand and marketing activities across Scotland and Northern Ireland, as well as developing strategic partner

Aberdeen headquartered PD&MS Group has acquired cleantech specialist engineering firm Synergie Environ Ltd (SEL) for an undisclosed sum to bolster its decarbonisation capabilities and further support the energy sector’s net-zero emission ambitions. For more than a decade, award-winning Gla

Coll Murchison-MacDonald, partner at Saffery Champness' Inverness office, and a member of its Landed Estates and Rural Business Group, discusses the recommendations for farming and land-based businesses in the latest Office of Tax Simplification (OTS) report on Capital Gains Tax (CGT). The late