Search: financial focus

The UK Government has told UK firms struggling with coronavirus-related debts that it will not pursue them for unpaid taxes in an attempt to avoid an increase in insolvencies this summer. Restructuring experts have said that many company companies will feel the full weight of the COVID-19 pandemic o

Intelligent Growth Solutions (IGS), the Edinburgh-headquartered agritech business, has appointed Sarah Willis as its first chief financial officer. Ms Willis' appointment reflects the company’s need for substantial transactional and commercial financial experience to support IGS’ global

Almost one in five (17%) of non-advised customers are either too proud or embarrassed to talk to someone about how to manage their finances, according to new research published by pensions giant Royal London.

While the UK Government’s insolvency prevention measures appear to be delaying companies from entering insolvency, the latest Red Flag Alert data published today by Begbies Traynor has found that in Scotland there has been a 45% year on year rise in the early signs of financial distr

Dundee-founded storage firm Kangaroo Self-Storage has appointed Bryan Lee as its chief financial officer as it accelerates plans for growth as the country starts to come out of lockdown. Mr Lee joins the Board to lead the storage company’s finance and IT function and will be responsi

The Financial Conduct Authority (FCA) has published research findings into better understanding investors who engage in high-risk investments like cryptocurrencies and foreign exchange. The findings reveal there is a new, younger, more diverse group of consumers getting involved in higher risk inves

The UK Government, through UK Research and Innovation (UKRI), is investing £153 million to develop new products and services based on advances in quantum technologies that will have a significant impact on financial services.

The Association of British Insurers (ABI) is calling for the Money Purchase Annual Allowance (MPAA) to be scrapped in the Budget so pension savers who have had to dip into their retirement savings during the pandemic are not penalised for paying it back when they can. ABI has argued that the change

Harper Macleod recorded a small increase in profits in its last financial year, despite the onset of the pandemic in the final weeks of trading. In its latest accounts filed at Companies House, the firm said it had met all of its strategic aims for the year to March 2020.

Privately-owned contractor GRAHAM has signed a multi-million contract with management consultants Solutino Pte Ltd (design and build contract with 6AQ Development Ltd), revamping a prime office building located in Glasgow’s International Financial Services District (IFSD).

The number of businesses in financial distress in Scotland is continuing to soar with almost 33,000 experiencing early signs of distress in the final quarter of 2020, according to the latest data published today by Begbies Traynor.  This 30% increase compared with the same period the previous y

British Land has appointed Bhavesh Mistry as its new chief financial officer. Mr Mistry is currently deputy chief financial officer at Tesco PLC, a position he has held for over two years. Prior to that he spent more than five years at Whitbread PLC, where he was Finance Director of Whitbread Hotels

The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of its review standard for interim financial statements, International Standard for Review Engagement (UK) 2410 (ISRE (UK) 2410) Review of Interim Financial Information Performed by the Independent Auditor of

Unity Trust Bank has appointed Dominic Wade as its new chief financial officer. Mr Wade has over 20 years of experience in the financial services sector, including 13 years at NatWest where he held a number of senior positions including head of Brexit response and head of strategic cost reduction.

Nationwide is launching a fresh round of community grants to help people stay in their homes through local charities and partnerships as the bank's latest quarterly poll reveals a 14% drop in financial security. With the government’s furlough scheme coming to an end on 31 October 202