Search: financial focus

NatWest, operating as the Royal Bank of Scotland in Scotland, has confirmed the appointment of Paul Thwaite as permanent CEO as it reports its strongest financial results since the 2008 financial crisis. The bank exceeded expectations by posting a pre-tax profit of £6.2 billion for 2023, marki

Aberdeen-based oil engineering firm Wood Group has raised its full-year revenue and profit forecasts on the back of a series of significant contract wins.

Financial advice and fund management group One Four Nine has acquired McCrea Financial Services. McCrea Financial Services is an established full suite planning firm led by Douglas McCrea servicing individual and corporate clients throughout the UK primarily across the West of Scotland.

Gilson Gray Financial Management (GGFM) has acquired North Berwick-based Wallace Financial Planning in a seven-figure deal. The acquisition is the first step in the growth strategy of the financial services arm of legal firm Gilson Gray. The deal and increases GGFM's assets under management (AU

A review by the Financial Conduct Authority (FCA) has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. The watchdog found that in some instances, challenger banks did not have financi

Amid rising concerns over the levels of problem debt in Scotland, the Scottish Government has revealed plans to create a new debt advice service. This year, Citizens Advice Scotland has issued 100,000 pieces of debt advice to people living in Scotland, whilst more than 600,000 Scots - 14.2% of the p

Midlothian Council is expected to save more than £7 million after councillors agreed its first Medium Term Financial Strategy. The council said the move is a “major step change” aimed at strengthening financial sustainability and allowing it to plan and implement service deliv

Nationwide Building Society has selected seven FinTech companies to take part in its Open Banking for Good challenge. The FinTech firms will develop Open Banking based apps and services to help financially vulnerable people.

Glasgow-based Clydesdale Bank has reported “solid start” to its financial year, despite market conditions remaining competitive and the looming spectre of Brexit.

Scotland’s largest independent insurance broker, Clark Thomson, has been named this year’s winner of the Scottish Financial Services Awards.

David Cowans, group chief executive at Places for People and Jenny Laing, Aberdeen City Council leader A landmark £300m Limited Liability Partnership (LLP) model is the first of its kind to be signed in Scotland and will see homes built across Aberdeen without any government subsidy or grant fundin

Scottish cities are emerging from the pandemic with renewed priorities, largely focused on fairness, the environment and an improved work-life balance, according to this year’s The Demos-PwC Good Growth for Cities Index.

New research from Royal Bank of Scotland has found that more than half (56%) of 18–34-year-olds in Scotland put a ‘life moment’ (e.g. wedding, graduation, buying their first home) on hold during the last 12 months. Of those with life moments planned, almost a third (31%) said &lsqu

Relocating out of other UK locations, such as London and the South East, is the leading reason for investment in Scotland’s financial services sector, according to a first of its kind market report by EY. The prominence of Scotland within the UK financial services network is apparent, with 29%

Latest annual results for the Standard Life Investments Property Income Trust’s show that the portfolio has grown in value to almost £500 million, largely as a result of focusing on the industrial sector over retail assets. Its annual results show the value of the trust at the