Search: financial focus

As the impact of the Coronavirus outbreak begins to directly impact more businesses, Royal Bank of Scotland has outlined the initial support it will provide to SMEs across Scotland, including a £350m Working Capital Support extension to its successful Growth Funding Package, ongoing support an

Murray International Trust, an investment fund run by Standard Life Aberdeen, has signalled its intention to appoint former Fidelity International investment chief Simon Fraser as its next chairman, following a year of underperformance. Mr Fraser will join the board of Murray International Trus

Edinburgh-based iDelta has launched an app to help banks fight back against the rise of online challenger banks such as Revolut and Monzo.

The Alison Rose Review of Female Entrepreneurship published its Progress Report yesterday– a year on from launch, and announces the development of  ‘The UK Enterprise Fund’ in partnership with BGF. Last year, the Government-commissioned Review identified 8 practical

RBS has announced the appointment of Nigel Prideaux as its new group director of communications and corporate affairs.

The Financial Conduct Authority (FCA) has fined Professional Personal Claims Limited (PPC) £70,000 for misleading consumers through its websites and printed materials. This decision follows the transfer of regulatory responsibility for claims management companies (CMCs) to the FCA on 1 April 2

Aviva has announced structural changes and plans to sell its Hong Kong business. The move is part of an overhaul led by the major Perth employer's new chief executive, Falkirk-born Maurice Tulloch.

PwC has been named among the leading supporters of social enterprises in Scotland after winning the Market Builder award at the Social Enterprise Awards Scotland last night. The awards are the biggest celebration of social enterprise in Scotland, recognising innovation, impact and success in social

Grant Thornton has cut pay for its partners and delayed its accounts following a difficult year where it was investigated by the Financial Reporting Council (FRC) for unacceptable performance on audits. The average profit per equity partner fell by £20,000 to £323,000 for the year to Jun

Royal Bank of Scotland (RBS) has posted a loss in the third quarter after being hit by £900 million in charges for payment protection insurance. The bank also said that its investment bank had a "particularly challenging" three months.

The Financial Conduct Authority (FCA) has confirmed new rules which apply to certain types of open-ended fund investing in inherently illiquid assets such as property. The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UC

Clydesdale Bank owner CYBG has announced that it will close the former Virgin Money HQ in Edinburgh. The closure is part of a restructuring effort which will result in around 330 jobs being lost.

Project Heather has announced the opening of a consultation on the exchange’s proposed impact reporting philosophy and methodology. Presenting suggested elements for what an ideal issuer on its exchange might look like, including the core pillars required to support impact reporting by its iss

Global asset manager Aberdeen Standard Investments (ASI) has won recognition for its strong environmental, social and governance (ESG) performance across its real estate funds. ASI was awarded 33 "green stars" in an annual assessment by GRESB, the highest number of stars awarded to any participant t

The City of Edinburgh Council is on track to save tens of thousands of pounds a year and significantly reduce its greenhouse gas emissions thanks to energy efficiency upgrades funded in part by Salix Finance.