Search: financial focus

Scottish businesses are raising prices and hiring fewer staff in response to growing financial pressures as a result of the increase in employer National Insurance Contributions (NICs), according to the Fraser of Allander Institute at the University of Strathclyde. The latest edition of its quarterl

Scotland experienced a reduction in both personal and corporate insolvencies during the final quarter of the 2024-25 financial year (January to March 2025), according to the latest official statistics from Accountant in Bankruptcy (AiB). Personal insolvencies, which include bankruptcies and protecte

Edinburgh's Smart Data Foundry has launched the Economic Wellbeing Explorer, a platform offering unprecedented insight into financial hardship across Scotland. Using near real-time data from 5.3 million bank accounts, the Explorer tracks economic resilience and wellbeing at national, regional, and l

Fife-based employee-owned Scott and Fyfe has reported another year of robust financial results, demonstrating resilience despite ongoing geopolitical tensions and increased operational costs. The textiles specialist, established in 1864, designs and manufactures advanced technical textiles for indus

The UK has collected only 3% of the financial penalties issued to offshore companies failing to comply with transparency laws designed to reveal the true owners of UK property. Figures from Companies House reveal that since January 2023, just 14 out of 444 fines levied against non-compliant firms ha

Lloyds Banking Group’s Scottish Executive Committee chair Jackie Leiper explores how financial institutions can help bridge Scotland’s affordable housing gap and why unlocking private capital and accelerating cross-sector partnerships is critical to solving the crisis and driving long-te

Nikhil Rathi has been reappointed as chief executive of the Financial Conduct Authority (FCA) for a second term.

Dundee-based aquaculture technology firm Ace Aquatec has appointed Alan MacLeod as chief financial officer (CFO) to support its global growth strategy. Bringing over 20 years' financial leadership experience from diverse sectors including technology, construction, and energy, Mr MacLeod was most rec

Dundee Football Club recorded a pre-tax loss of £2.76 million for the financial year ending 31 May 2024.

The Prudential Regulation Authority (PRA) has proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000. The deposit protection limit – which represents the maximum amount of money the FSCS typically protects should

Experienced real estate and financial services advisor Scott Marriott has launched Instar Partners, a new specialist advisory firm based in East Lothian. The firm is dedicated to providing tailored and creative solutions for clients navigating complex real estate transactions and opportunities.

Ellon-headquartered housebuilder Scotia Homes has reported a £2.5 million pre-tax loss for the financial year ending June 2024, as the cost-of-living squeeze and difficult market conditions impacted trading.

Aberdeen-headquartered Wood Group has announced it must restate financial results for its 2022 and 2023 financial years and the first half of 2024, following an independent review, which may lead to suspension of its shares from trading on the London Stock Exchange.

Pamela Ogg, chief financial officer at MFMac, has won in the “CFO of the Year – Deal of the Year” category at the 2024 Chief Financial Officer (CFO) Awards.

The Financial Reporting Council (FRC) has fined PwC £2.9mn for failures in its audit of since-collapsed Wyelands Bank, which was owned by businessman Sanjeev Gupta. The Big Four firm admitted to breaching audit requirements for the bank's 2019 accounts, particularly regarding risk assessment a