News

The number of homes sold more than once within a 12-month period (i.e. flipped) has fallen dramatically since its peak in 2004. Last year 18,630 homes were flipped in England & Wales, 69 per cent less than the 60,340 homes flipped in 2004. However, between 2017 and 2018 the number of flipped hom

Business funding contest Scottish Edge has launched its latest round by sending a custom-designed trophy to the edge of space.

Long-established Aberdeen accountancy firm Williamson and Dunn is to join Campbell Dallas on 2 August 2019, making the firm one of the largest full-service accountancy firms in Scotland outside of the ‘Big 4’. Based on the Granite City's West Craibstone Street, Williamson and D

Nucleus Financial Group, the Edinburgh-based adviser built wrap platform, has posted results showing that assets under administration (AUA) broke through the £15 billion barrier in the second quarter. Despite an "unsettled" climate, AUA at the fintech continued to rise in the three months to 3

Venerable Dundee-based waelth management firm Alliance Trust has today posted results showing an “encouraging performance” as it nears completion of its structural and strategic overhaul against a backdrop of significant volatility in the equity market. The results show that for the

Scottish accountancy firm William Duncan + Co has announced the appointment of licensed insolvency practitioner Steven Wright as a new senior manager within the firm's growing business recovery division. Mr Wright, who was previously with Armstrong Watson, has a long track r

Britain's biggest building society is to double its arranged overdraft rate for some customers in response to a clampdown from regulators that was actually intended to stamp out rip-off fees. Nationwide said it has interpreted the Financial Conduct Authority's clamp down on complex overdraft ch

Andrew Reynolds, Wealth Manager at French Duncan, makes the case for alternatives to cash holdings  

Wealth management firm Brewin Dolphin, which employs more than 200 at its Scottish offices, has reported an increase of funds under management in its third quarter results. Despite troubled economic and market conditions, the firm, headed by Glasgow-born chief executive David Nicol, reported th

TSB has recovered from its series of IT fiascos to today report a first half profit of £21.1m against a £107.4 million loss in the corresponding period a year earlier. Total customer deposits increased by £0.7 billion (2.6 per cent) to £29.8bn in H1 2019 and reflected a

Thomson Cooper Accountants have revealed their role in securing a £1.6 million grant for leading music and dementia charity, Playlist for Life. The award from the National Lottery Community Fund will be used to raise awareness of the benefits of playlists, and part fund the expansion of t

The retail sector of the UK's commercial property market continues to decline in the face of increased online spending, while solid demand is still reported across the industrial sector, according to the latest RICS UK Commercial Property Market Survey.

A man in Australia who has claimed the country's taxation laws do not apply to him because he does not accept recognition as a person has been told by a magistrate that his argument "would make a mockery of the law". Glen James Polglaise, of North Bendigo, Australia, failed to submit six tax returns

Audit giant KPMG has been hit with another £5m fine after failing to identify that bank BNY Mellon was mixing £1 trillion of clients’ savings with its own funds, contrary to rules and leaving customers exposed to the risk of losses. The fine means KPMG has paid £21m since Jun

Lloyds has been ordered to pay £140m to Edinburgh-based investment firm Standard Life Aberdeen (SLA) after a row over a £109bn pension fund. An arbitration tribunal said the bank must now pay up after cancelling a deal early which it had with SLA’s predecessor company Aberdeen