Search: financial focus

New figures show the total reported amount lost to fraud reached £2.3bn in 2024, according to a freedom of information request by RSM UK to Action Fraud. Total reported fraud losses increased 6% to £2,255,491,192 in 2024, from £2,115,281,935 the previous year as fraudsters become i

Murray Capital Holdings, the investment business of the Murray family, has announced its financial results for the year ending 30 June 2024, revealing a challenging period particularly impacted by the steel sector. The firm reported a pre-tax loss of £1.7 million, a significant shift from the

Chancellor Rachel Reeves' Spring Statement has drawn mixed responses from tax and business experts, highlighting both welcomed measures and lingering concerns. Chris Campbell, head of tax at ICAS, highlighted the delayed implementation of Making Tax Digital (MTD) for Income Tax for those with income

The CEO of the Institute of Chartered Accountants of Scotland (ICAS), Bruce Cartwright CA, has written an open letter in response to former Chancellor Jeremy Hunt's suggestions that graduates should avoid accountancy as AI usage increases. Speaking on the Jimmy's Jobs of the Future podcast, Mr

A new action plan, designed to boost business growth and innovation, has been unveiled for Edinburgh and South East Scotland. Developed collaboratively by Innovate UK, Edinburgh and South East Scotland City Region, and Scottish Enterprise, the plan aims to build a strong, resilient and investment-at

Glasgow-based construction firm City Building, a joint venture between Glasgow City Council and Wheatley Group, has reported a £16 million loss amid rising costs and unforeseen operational expenses. The figure in its latest annual accounts for the year ending March 31, 2023, follows

AAB has announced Derek Mair as the new head of office for its Aberdeen branch, effective 1 April 2025. Mr Mair succeeds Graeme Allan, who will transition to a non-executive director role on the AAB Group board.

Financial planning and investment specialist Scott James & Associates has significantly expanded its operations with the acquisition of a fellow St. James’s Place (SJP) partner practice. This acquisition, effective from January 2025, brings the firm's total funds under management to over &

North-east insolvency practitioner Michael Reid has been appointed administrator for an Aberdeen managed IT services provider. As a result of a submission to the Court of Session, Internet for Business Limited, which was established in 1995, appointed an administrator on Thursday, 20 February.

AAB has announced the appointment of two new partners within Central Scotland. Erica Fitchie joins as corporate tax partner, specialising in international tax and transfer pricing, alongside Alistair Stewart, who joins as business development partner.

Springfield Properties has said it expects to move to a net cash position by the end of 2027 following a profitable year of trading that was "significantly ahead of market expectations" and a major land sale agreement with Barratt Redrow. The land sale will see Barratt purchase 2,480 plots of u

Financial advisory firm HNH Partners is targeting double-digit growth in 2025 with a move to a new larger Scottish headquarters in Edinburgh. The move to 66 Hanover Street marks a new milestone for the award-winning company, which has 30 staff across its flagship offices in Edinburgh and Belfast, an

Scottish angel investment syndicate TRICAPITAL Angels has announced a record year, contributing to the creation and safeguarding of over 500 jobs across Scotland. In its 20th anniversary year, the syndicate completed 18 deals, with its members investing over £3.5 million. This leveraged nearly

Back in 2016, Eline Lofgren, an investment director at Evelyn Partners Investment Management Services, wrote an article about housing associations and their untapped potential. The article was first published in the Spring 2016 issue of 'Charities Management' and below Eline brings it up to speed fo

East Kilbride-based United Kingdom Testing and Certification (UKTC), a provider of testing and certification services to the construction sector, is set for a major expansion thanks to an £835,000 grant from Scottish Enterprise.