Search: financial focus

Lloyds Bank's top executives are set to receive substantial bonuses, despite the lender's recent financial results and ongoing branch closures. Chief executive Charlie Nunn will receive a £1.1m bonus, with finance boss William Chalmers set for £812,014, according to the bank's annual rep

Abrdn plc has announced the appointment of Siobhan Boylan as its new chief financial officer (CFO) and executive director, pending regulatory approval Ms Boylan, currently CFO of Coutts & Co and a non-executive director at Jupiter Fund Management plc, is expected to join the company during the s

The Cyber and Fraud Hub has helped hundreds of individuals protect themselves from financial loss since launching last July. The hub has assisted 228 people through its helpline and fraud triage service, been involved in £8 million worth of fraud investigations and recovered or prevented &poun

A new analysis reveals a concerning trend in Scotland's financial landscape, with 32% of households reporting no savings, significantly higher than the UK average of 23%. This disparity is widening, as figures from 2023 show Scotland's rate has increased while the rest of the UK has seen improvement

AAB has again retained its top spot in Scotland's financial adviser rankings with 34 deals, the latest Experian M&A report has revealed. The M&A Review (FY 2024) details that there were several notable deals announced in the final months of the year. HM Treasury continued to reduce its stake

Wood Group's chief financial officer, Arvind Balan, has resigned with immediate effect after admitting to misrepresenting his professional qualifications.

The Institute of Chartered Accountants of Scotland (ICAS) has urged the UK government to collaborate with the Financial Reporting Council (FRC) to establish a robust regulatory framework for sustainability assurance. This call follows the FRC’s publication of its final report from the Assuranc

The social housing sector is facing significant financial and operational challenges caused by void properties, according to Housemark’s latest Voids Club research.

Inverclyde Council has appointed an interim chief financial officer. Angela Edmiston, who is currently a finance manager with the council, will take over on a temporary basis from long-serving chief financial officer Alan Puckrin when he retires in April 2025.

Glasgow Caledonian University's Reader in financial services Dr Patrick Ring has been appointed to the Education and Learning Committee of the Chartered Insurance Institute (CII). Dr Ring will help ensure the relevance, accessibility and quality of the CII’s learning and assessment materials i

The Financial Conduct Authority (FCA) has set out proposals to make it easier for listed companies to issue corporate bonds that wealth managers and retail investors can buy.

Scotland's local authorities are grappling with significant financial strain, necessitating urgent transformation to ensure sustainability, the Accounts Commission has revealed. While councils managed to bridge a £759 million budget deficit in 2023/24, this required deeper cuts and reliance on

Recent figures from the third quarter of the 2024-2025 financial year – 1 October to 31 December 2024 – have revealed a mixed picture for insolvencies in Scotland, according to insolvency and restructuring trade body R3. Corporate insolvencies, including liquidations and receiverships, t

Macdonald Henderson has advised Glasgow-based financial advice firm Verum Wealth on its sale to UK national firm Foster Denovo. The addition of Verum Wealth marks FD’s seventh acquisition in just over a year and adds £87 million of assets under advice to its recently established Glasgow

Hero Brands has continued to drive the growth of the food & beverage (F&B) brands across its stable as it reports its latest financial results. Pre-tax profit was £3.8 million to the year ending 31 December 2023, with dividends of £6m. The group is currently on track to deliver &