News

PwC UK has predicted that global insurance run-off liabilities will reach $864 billion in 2021. According to the firm's latest Global Insurance Run-off Survey, the growth in legacy activity predicted in the last edition of this report has materialised, boosted by significant investment in both new a

Harper Macleod recorded a small increase in profits in its last financial year, despite the onset of the pandemic in the final weeks of trading. In its latest accounts filed at Companies House, the firm said it had met all of its strategic aims for the year to March 2020.

Scotland must follow suit and match Chancellor Rishi Sunak in extending the stamp duty holiday beyond March according to property firm Apropos. The UK-wide lettings firm believes that the Scottish Government must match the reported extension of the stamp duty holiday if there is to be a level p

Forres-based space launch firm Orbex has commissioned AMCM to build the largest industrial 3D printer in Europe, allowing the innovative UK-based space launch company to rapidly print complex rocket engines in-house. The custom-made, large volume 3D printer will allow Orbex to print more than 35 lar

Scotland’s GDP is provisionally estimated to have fallen by 0.3% in December, according to the latest figures released by Scotland's chief statistician. GDP fell as restrictions on economic activity continued at the start of the month and were later extended across Scotland after Christmas.

UK productivity declined in the final quarter of 2020, after bouncing back in Q3 following falls in both Q1 and Q2, according to the latest figures released by the Office for National Statistics (ONS).

Police dogs will benefit from a state pension for the first time under proposals from the Polish government.

Dundee-based accountancy firm MHA Henderson Loggie has revealed its predictions for the upcoming budget and its impact on businesses across the UK. The budget announcement on March 3 will finally reveal how the chancellor is going to tackle the tangle of financial challenges brought about by a

The Financial Reporting Council (FRC) has reviewed the plans for the operational separation of the audit practices of the Big Four and confirmed that they can now move on to the next stage of implementation. The FRC published principles for operational separation of the audit practices of the B

Roger Mayor, director, Advisory Corporate Finance at Deloitte, discusses the key trends driving spring optimism within the Scottish M&A market. At the start of 2020, M&A activity looked like it would continue to meet the high levels achieved in 2019. However, the COVID-19 pandemic led to an

Ewen Stevenson, the chief financial officer of HSBC will donate the first year of his pay increase to charity, according to the bank's annual results.  Mr Stevenson is set to receive a £147,000 pay rise, increasing his base salary to almost £1.1 million. HSBC's annual results state

Law firm Gilson Gray has recruited Eddy Winters as business development director.   Mr Winters comes from a professional services background and worked latterly in the Middle East for legal giants Al Tamimi & Company. 

Barclays is providing a support programme to local businesses in Kilmarnock to help the UK’s economic recovery at a city-wide level. Focusing first in Kilmarnock, one of Barclays’ Rebuilding Thriving Local Economies (RTLE) pilot areas, the package offers support to boost growth for local

Stuart MacPherson, senior business services manager at Aberdeen-based chartered accountancy firm Meston Reid & Co, gives advice on VAT changes in the construction industry. A change to VAT collection arrangements is finally heading the way of the UK construction industry.

More than half (52%) of financial institutions say they expect to have more gig-based employees over the next three to five years, according to a new PwC report.