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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 &

Glasgow-based Embrace Steel Group, which provides steel frame building solutions throughout the UK, has appointed experienced finance executive Ross McAdam as its new chief financial officer. Mr McAdam will lead the ambitious steel group’s presence in Scotland alongside playing a crucial role

Deloitte is implementing significant cost-cutting measures in the UK, including a target to slash staff travel and expenses by over 50% by May, the end of its financial year. This decision, revealed in an email to partners and directors, comes amidst "challenging market conditions" in the UK's profe

A report by insolvency specialists Begbies Traynor has revealed a concerning rise in the number of UK retailers facing collapse. In the final quarter of the year, the proportion of retail businesses in "critical" financial distress jumped by 25% to 2,124, driven by escalating business costs and subd

Dundee-headquartered Insights Group has announced impressive financial results for the 2023/24 fiscal year, with a record turnover of £97.6 million, up 3.1% from the previous year. Operating profit stood at £17.7m, reflecting an 11% decrease due to increased donations to the Insights Fou

Over the course of 2024, Scottish Financial News published over 240 articles in our popular And Finally section – sharing offbeat and weird finance and business news stories from around the world. But which were the most popular? Read on to find our most-read And Finallys of 2024.