Search: financial focus

Malted AI has secured £6 million in seed investment, with leading contributions from Hoxton Ventures, and joined by Creator Fund and angel investors. The Edinburgh-based AI firm helps enterprises to build smaller, more focused AI models with greater performance at a fraction of the cost, by&nb

Debt expert Sharon McDougall discusses the complexities of director liability for company debts, exploring scenarios where directors may be held personally accountable despite the protection of limited liability, and the potential consequences thereof. The legal structure of a limited company means

Following on from the highest sales achieved in its 162-year history, Scottish Friendly has announced the appointment of a new chair as well as two new non-executive directors. John McGuigan, with over 25 years of executive experience, steps in as the financial mutual's new chair.

Keith Brooks delves into the complexities of Scottish income tax rates and how individuals can navigate them, particularly focusing on the effective tax rates faced by those earning between £100,000 and £125,140, and offering strategies to mitigate tax burdens. With the start of a new ta

The first quarter of 2024 has seen nearly £100 million invested in Scottish businesses, according to KPMG UK. Showing that a total of 19 firms shared £98m in venture capital (VC) investment, the Big Four firm's Private Enterprise Venture Pulse report highlights a notable increase in vent

There has been a rise in optimism among CFOs of the UK's largest businesses, according to Deloitte’s latest CFO survey. A net 17% of CFOs are more positive about the financial prospects of their companies compared to three months ago, marking the third consecutive quarter of improved sentiment

A Scottish wealth management firm has won two prestigious awards at the Professional Advisor Awards, cementing its position in the industry. The firm, Tweed Wealth Management, was named the Best Financial Advice Firm in Scotland and Northern Ireland, as well as the Best Financial Advice Fi

Edinburgh-headquartered Clockwork removals and storage has strengthened its business with the appointment of a new executive team. The firm has been trading for 28 years and offers domestic, commercial and international removals and storage services across the UK. Clockwork has branches in Edin

The Institute of Chartered Accountants of Scotland (ICAS) has announced the biggest shake up in how it trains accountancy students in its 170-year history, with the launch of a new syllabus and a new way of learning for students. The new syllabus will make sure that the Chartered Accountant (CA

Edinburgh-based Corran Capital has secured £80 million for its second fund, Corran II, dedicated to investments in clean energy and climate-focused companies throughout the UK. The specialist clean energy private equity firm has invested part of the funding to acquire a 30% stake in Vital Ener

KPMG has been fined £1.5 million by the Financial Reporting Council (FRC) for "serious failings" in its audit of prominent advertising agency M&C Saatchi.

The University of Dundee has transitioned the management of its £31 million endowment fund to Greenbank, the specialist ethical, sustainable and impact investment team of Rathbones Group. Greenbank are focused in sustainable investment management and have a vision to help clients invest their

HSBC has been slapped with a £57.4 million fine by the Bank of England's Prudential Regulation Authority (PRA) for "serious failings" in safeguarding customer deposits over a seven-year period from 2015 to 2022. This marks the second-largest fine ever imposed by the PRA. The initial fine 

The Institute of Chartered Accountants of Scotland (ICAS) has welcomed the revised UK Corporate Governance Code as a step in the right direction. Bruce Cartwright, chief executive at ICAS, said: “We support the FRC's approach to streamline changes to the new Corporate Governance Code. We belie

KPMG, the smallest of the Big Four accounting and consulting firms, reported an 8% growth in global sales in the financial year ending September 30, 2023, reaching $36.4 billion (around £29bn).