Search: financial focus

Global investment company Aberdeen has announced the completion of a £3 billion transfer of pension scheme policies from Phoenix Life Limited to its subsidiary, abrdn Life and Pensions Limited. The transfer relates to a specific book of business where the policyholders are typically pension sc

A Highland tourism expert is urging the UK government to refine Jeremy Hunt's tax law targeting second homes, warning it risks damaging legitimate tourism businesses and innovation in Scotland. Gavin Anderson and wife Rachel invested almost £1 million during the financial crash to construct tw

Talks aimed at allowing accountants qualified in the US and UK to practise more freely in each other's countries have stalled due to significant disagreements, primarily concerning the assessment of American audit training standards. The objective of these transatlantic negotiations was to facilitat

As Edinburgh’s property market continues to thrive, homeowners looking to move are being encouraged to consider letting their property instead of selling. With increasing demand for rental homes, strong yields, and rising property values, Nicky Lloyd, head of ESPC lettings, highlights the fina

EY has announced the selection of Alison Duncan as its next UK Chair, effective from 1 April. She is set to succeed Hywel Ball, who is retiring from the firm at the end of the financial year.   

Edinburgh-based Menzies Aviation, the world's largest aviation services provider by number of countries served, has announced a record-breaking year, with a 20% increase in revenue, reaching $2.6 billion (c. £2bn).

Home-Start Dundee, a charity dedicated to supporting families in need, is to appoint Shona Campbell of Henderson Loggie as liquidator. The decision comes after extensive efforts to secure sustainable financial support and attract new volunteers to allow the charity to continue its work in the Dundee

The Inverness and Cromarty Firth Green Freeport (ICFGF) has announced the appointment of two highly experienced professionals to its team, further reinforcing its leadership as it drives forward investment and development opportunities in the region. Alison Wilson has been appointed to the newly cre

BDO has named Craig Goold as its head of M&A in Scotland. Mr Goold has been with the firm since 2016 and has stepped up from his position as M&A managing director.

The Scottish women-led angel investment group, Mint Ventures, has welcome seasoned entrepreneur and business leader, Jamie Landale, as a non-executive director. Mr Landale, from Crieff, is the founder of The Crieff Food Company and Wilde Thyme Ltd and drove both companies to industry acclaim before

Scottish charities are being cautioned about the potential pitfalls of expanding revenue-raising activities, with a senior lawyer warning of unintended tax implications and regulatory breaches. Amid rising costs, including National Insurance contributions, tightening public sector funding and a down

Nairn's Oatcakes has reported a pre-tax profit increase to £4.2 million for the year ending 18 May 2024, up from £3.5m the previous year.

CHAP Group has reported a record annual turnover of £57.7 million for the 2023/24 financial year thanks to a robust performance of its Civils division and the opening of a regional office in Dundee. The results mark the fifth consecutive year of profit growth for the Westhill-based constructio

Smaller businesses could disproportionately bear the brunt of the economic challenges looming in Scotland, according to a licensed insolvency practitioner.   Michael Reid, partner at MHA in Aberdeen, said the upcoming increases in National Insurance and minimum wage, as well as footfall issues,