Search: financial focus

The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus. The watchdog has also called for arranged overdrafts up to £500 to be charge

The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code. The FRC has urged that Reporting Accountants (RA

The Financial Reporting Council (FRC) has today launched a consultation on the proposed adoption in the UK of International Standard on Assurance Engagements (ISAE) 3000, Assurance Engagements Other Than Audits or Reviews of Historical Financial Information. The FRC is proposing that compliance with

Alistair Greig, the financial services chief behind a £13 million Ponzi scheme, is facing jail time for the scam. The fraud saw 165 victims of the scheme convinced to place their money in “guaranteed” high-interest accounts which cost many victims their life savings.

Chartered accountant Wylie & Bisset has joined North Ayrshire Council’s Business Consultancy Framework, under which it will provide a range of financial and data analysis and succession planning support. The framework is an enabling programme that seeks to increase assistance available to&

Scottish Enterprise has been instructed by its chief executive to suspend all future support grants and to slash internal budgets as the business agency faces financial difficulties. Steve Dunlop, chief executive of the agency emailed staff earlier this month asking staff to implement the changes. T

Stock markets around the world are suffering their worst week since the global financial crisis of 2008, as fears over the impact of the coronavirus continue to hold investors hostage.

Chartered accountant Wylie & Bisset has joined Glasgow City Council’s new Business Growth Programme, under which it will provide a range of business structuring and business financial management advice to local SMEs. The programme is funded by the European Regional Development Fund through

It is expected that the UK Government will sell more of its stake in the Royal Bank of Scotland after the bank unveiled strong financial results last week. The bank's chairman Sir Howard Davies raised expectations for the government action when he said that he expected the government to mo

Unity Trust Bank has appointed former RBS head of corporate transactions John Copping as its new regional director for North. Mr Copping has a wealth of experience in the financial services sector having worked at RBS for over 30 years where he was regional head of corporate transactions, overseeing

Invizius, the University of Edinburgh spin-out which is developing potentially lifesaving products for dialysis patients, has announced the appointment of James Robson as its chief financial officer.

The economic picture in Scotland is looking more encouraging, with instances of ‘critical’ financial distress showing a marked decrease in the final quarter of 2019 compared with the same period the previous year – the first year on year fall in nine months. The latest Red Flag Ale

Clydesdale Bank owner Virgin Money has begun its search for a new chairman after Dundee-born financial services veteran Jim Pettigrew announced his plans to retire by September 2021. The Glasgow-based group said that the board has initiated a search process to allow time to identify his successor an

Loan payments are now being issued to provide financial support to hill farmers and crofters in some of Scotland’s most remote and marginalised areas, the Scottish Government has announced. Under the first tranche of the Less Favoured Area Support Loan Scheme payments, more than 7,500 eligible

Martin Johnston has joined Armstrong Watson LLP, Accountants, Business and Financial Advisers’ Glasgow team as audit and assurance director. Mr Johnston was latterly a senior manager at KPMG, having previously worked for both EY and PKF (now part of BDO) earlier in his career. He has extensive