Search: financial focus

Renfrewshire-based clothing firm M&Co has appointed Deloitte as its administrators as it announced that it will be cutting almost 400 jobs. M&Co has been put into administration with Deloitte appointed as administrators. The firm's assets were immediately bought back by the family which had

During the three months of lockdown, Virgin Money, the owner of Clydesdale Bank, saw a near six per cent rise in business lending. On the other hand, personal lending at the bank dropped by 2.7% to £5.2bn, which Virgin Money said was primarily due to lower credit card balances.

The Higgins Report of the Advisory Group on Economic Recovery for the Scottish Government has attracted considerable comment in the media and several alternative views have surfaced from senior business figures. At the same time, Campbell Dallas has been holding round table and one to one discussion

According to the latest data from the Association of Chartered Certified Accountants (ACCA UK) and The Corporate Finance Network (CFN), 13% of Scottish SMEs have decided to liquidate their assets in the last two weeks, highlighting to complications of reopening after the coronavirus lockdown. The SM

St Andrews based distiller and brewer, Eden Mill, has seen its sales increase by 9% during the coronavirus crisis-hit April to June 2020 trading quarter.

Edinburgh start-up Breathe Easy has won a £50,000 grant from the Scottish Government to help with its development of the first lip-reading face masks in Scotland.

The development of a high-head (142m) hydropower scheme on the Barr River near Loch Teacuis in Lochaber has secured a new finance arrangement from Triodos Bank UK and the Scottish Investment Bank.

The UK is a world-leading FinTech centre, with London often being labelled the global FinTech capital. From a Scottish perspective, over the past couple of years both Edinburgh and Glasgow have been establishing themselves as FinTech powerhouses. Allie McGowan looks below at some of the ways that CO

The Scottish Retail Consortium (SRC) has called on the Scottish Government to take bold steps to deliver an economic stimulus package in response to the coronavirus pandemic. In “Road to Recovery”, an eight-page submission to the Scottish Government’s Advisory Group on Economi

A route map towards unlocking £1 billion of new investment for nature conservation in Scotland has been published by the Scottish Wildlife Trust and the Scottish Environment Protection Agency (SEPA). This work comes at a critical time as society plans a green recovery from the social and econo

Zumo, an Edinburgh-based mobile wallet and payments start-up, has launched an app that stores, sends and allows consumers to spend and exchange cryptocurrencies online. Customers can now use the app to buy, sell and exchange both Bitcoin and Etherium cryptocurrencies. Since the start of lo

More than half of Scottish finance leaders find government coronavirus support initiatives ‘adequate’, according to research gathered by Edinburgh-headquartered finance and accountancy search specialists, iMultiply. 

Aberdeen New Thai Investment Trust, a trust managed by Aberdeen Standard Investments, has posted its annual results for the 12 months to 29 February 2019, revealing a total return of -16.6% versus the total return of -12.8% from the company’s benchmark. The company also pos

Profits at the Royal Bank of Scotland have halved in the first quarter of this year as the bank allocated £802 million to accommodate for a rise in loan losses stemming from the coronavirus pandemic. RBS posted pre-tax profits of £519 million for the period, down from £1 billion th

Edinburgh-based private bank Hampden & Co has reported strong annual results for the year to 31st December 2019 with income up 36% to £8.7 million from £6.4m in 2018.  The bank has also reported that client deposits have grown by 53% to reach £409.4m (2018: £267