Search: financial focus

The Financial Reporting Council (FRC) has announced that it will investigate EY's audit of Thomas Cook's financial statements for the year ended 20th September 2017. On 1 October 2019, the FRC announced the opening of an investigation into the audit of the financial statements of Thomas Cook for the

Former England and Newcastle United football player Alan Shearer has won a £100,000 settlement after initiating legal proceedings with his former financial adviser who cost him "millions" through "negligent" pensions advice. Mr Shearer agreed the settlement with Kevin Neal after he b

Most of Scotland’s 32 councils are increasingly relying on money from reserves to keep up with demand for services and balance their budgets, with financial pressures likely to get worse, according to the Accounts Commission. A report today from the local government watchdog found that while d

The Financial Reporting Council (FRC) is planning a drastic change to rules governing company boards which will place more responsibility on directors to vouch for the integrity of their financial controls. The changes arrive in response to the scandals at Carillion, Patisserie Valerie, M&C Saat

Smith & Williamson, the financial and professional services firm, has announced its interim results for the first six months of the 2019/20 financial year, which has been a period of strong growth and continuing investment in the Group’s infrastructure. The company's operating income incre

The Data Lab, Scotland’s innovation centre for data science and artificial intelligence (AI), has appointed two financial figures to its governance board. The appointments come after The Data Lab recently announced its selection by the Scottish Government to lead on co-ordinating a new nationw

The Financial Reporting Council (FRC) has announced sanctions against Grant Thornton UK LLP. The sanctions are held against Grant Thornton and one of its Audit Engagement Partners in relation to the statutory audit of the 2016 financial statements of a publicly listed company.

Julie Scott, chief executive of Standard Life 1825, the financial planning business of Standard Life Aberdeen discusses various aspects of the business in an interview with The Herald. Ms Scott's discussion ranges from the company’s expansion plans to Brexit and how savers are dealing with the

Yesterday, Scottish Financial News reported on the Peebles Media Group fraud case outcome. Today, we publish the full case report which has now become available on our sister publication Scottish Legal News:  A publishing company which sued a former employee for more than £100,000 after s

A multi-million-pound mistake made by HM Revenue & Customs (HMRC) is being blamed for the financial problems which caused the downfall of Rangers Football Club. The Times reported that HMRC has publicly recognised that it claimed too much tax from the club and accordingly, up to £50 millio

A specialist engineering solutions provider which fell into administration earlier this year has set its sights on achieving a £6 million turnover within the next two years after a £750,000 funding facility was provided by Bibby Financial Services (BFS).

Scottish Friendly has announced a "substantial" acquisition of life and pensions policies from Canada Life, increasing the financial mutual's assets under management by £2.4 billion to over £5bn. The completed deal increases Scottish Friendly's number of members by 127,000 to around 700,

RSM's corporate finance team continues to be the most active financial adviser in the Scottish Mergers and Acquisitions (M&A) advisory market. The firm advised on 11 M&A deals in Scotland in the first nine months of 2019. This continued strong performance comes against a backdrop of reduced

Housebuilder Mactaggart & Mickel has today hailed a “strong” set of financial results amid an “uncertain political and economic landscape”. The fourth-generation family-owned company, founded in 1925, reported a £2.4 million rise in turnover for the year to 30 April

Former Hearts footballer Conrad Balatoni has set up his own financial sector practice, Conrad Balatoni Wealth Management, which is a representative of St James's Place Wealth Management. The new practice, headed by Mr Balatoni, will provide face-to-face wealth management advice to private and corpor