Search: financial focus

The Duke of Marlborough has had his £132,000 Porsche Cayenne seized after failing to make payments to Porsche Financial Services he owed for the vehicle. Volkswagen Financial Services UK, the trading name of Porsche Financial Services, took the duke to court and claimed he had an outstanding d

Michael Reid, managing partner at Meston Reid & Co, discusses how company directors should act in moments of financial difficulty and what considerations they should have. When consulting with a director about company matters, it is quite common for words such as “me” and “my b

Glasgow printer McAllister Litho Glasgow (MLG) has announced a planned financial package worth £3,500 over the next seven months to help staff meet rocketing fuel bills during the coming winter. MLG's director, Brian McAllister, said: “It will be some relief to a lot of people who a

Popular fintech Revolut has received calls to improve its internal controls after the Financial Reporting Council (FRC) found the company's account audits to be significantly flawed.

As inflation reaches 10.1% in the UK, mid-sized business leaders in Scotland are bracing for the impact of further financial strain, with more than 1 in 4 respondents to Grant Thornton UK LLP’s August Business Outlook Tracker saying they would not have sufficient working capital to manage infl

Progress has been made towards recovering £21 million in illicit gains made by the former director of Midas Financial Solutions, who scammed investors out of £13m, the High Court in Edinburgh has heard. The legal bid to recover the £21m came from prosecutors who are trying to seize

James Hobson, the chief financial officer of battery cell manufacturer AMTE Power, is considering leaving his post after he was approached for a new role.

The Financial Conduct Authority (FCA) has warned firms that offer Buy Now Pay Later (BNPL) products that although some agreements are unregulated, the financial promotions of all BNPL products must comply with the financial promotion rules.

Edinburgh-based charity Bank of Scotland Foundation has announced it is providing almost £1,000,000 of additional financial support to Scotland’s third aector to help charities through the cost of living crisis. This will enable them to provide more grants throughout the remainder of thi

Demand for financial advice has risen greatly as many struggle to meet mortgage debt payments, a charity has warned. Citizens Advice Scotland (CAS) has seen a big increase in traffic to their website pages for advice on mortgage debt. From June 2021 to June 2022 the views of the webpages 'Schemes th

The Joint Regulatory Oversight Committee (JROC) has appointed Bryan Zhang as independent chair of the newly set-up strategic working group (SWG). The committee, led by the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) and including the CMA and HM Treasury, announced the forma

The Financial Reporting Council (FRC) has fined PwC £2.5 million and handed out a £60,000 fine to audit partner Richard Hughes. The verdict comes after an investigation revealed failings in PwC's 2017 audit of BT Group Plc after the discovery of £512m fraud.

A report has revealed that the over-50s are being hit hardest by the current financial crisis and could face a lifetime of financial insecurity. According to the report, economic inactivity rates have risen a third amongst the over 50s since 2019, and people aged 50-54 face double the financial vuln

The Financial Conduct Authority (FCA) has finalised stronger rules to help tackle misleading adverts that encourage investing in high-risk products.

The Financial Conduct Authority (FCA) has fined three former executive directors of Carillion as part of its public censure on the firm.