Search: financial focus

Edinburgh-based fintech Zumo, a digital-assets-as-a-service platform, and United Arab Emirates-based bank Commercial Bank International (CBI) have signed a memorandum of understanding (MOU).

Motherwell's Ruben's Pet Store, specialising in natural raw dog food and accessories, has seen a 150% increase in turnover after receiving support from Business Gateway. Sisters and owners Julie Clifford and Frances Pinkowski used a £17,500 grant from the North Lanarkshire Business Growth Fund

SSE is to expand its Glasgow presence following a letting agreement for Aurora at 120 Bothwell Street.

Northern Accountants has acquired Dunfermline-based Empowered By Cloud, accountancy expert for the trades and construction industry, for an undisclosed six-figure sum. This strategic move adds 50 new clients and boosts Leeds-headquartered Northern Accountants' staff to 45, with a total client base o

Begbies Traynor has appointed insolvency specialist Kevin Mapstone as a director based at its Edinburgh office. With over 25 years’ experience in financial services, Mr Mapstone joins from an insolvency firm in Paisley where he spent almost four years as an insolvency practitioner, having prev

A London dairy has been left feeling rather blue after falling victim to a scam that saw fraudsters make off with over 22 tonnes of premium cheddar cheese worth £300,000.

Accountancy, business and financial advisory firm Armstrong Watson has acquired Glasgow-based accountancy practice Parkhill Mackie & Co. The merger, which completed last week, will see Parkhill Mackie’s 11 staff, including partners Linda Parkhill and Sandra Mackie join Armstrong Watson&rsq

Actor and debt campaigner Michael Sheen has joined calls for the government to pass legislation to help tackle the crisis of unaffordable credit and problem debt in the UK. In 2022-2023, more than nine million individuals were declined for credit, with millions relying on pay-day-lenders and buy-now

Lloyds Banking Group has exceeded profit expectations, reporting pre-tax profits of £1.8 billion for the third quarter.

Stephen Baker has been named as Scotland's first Trade and Investment Envoy to Japan, tasked with driving international investment in key sectors such as energy transition, pharmaceuticals, medical technology, and food. Mr Baker spent 21 years with Sony, before joining Scottish Development Internati

Global investment company abrdn is calling for urgent measures to be brought in to protect and support listed smaller companies in the UK – including immediately abolishing stamp duty on FTSE 250 shares. This comes following the launch today of a report by New Financial, the influential think

Johnston Carmichael has partnered with European accelerator and early-stage advisory firm Mountside Ventures to empower emerging VC managers and bolster the fundraising system. The firm was selected as Mountside Ventures’ Emerging VC Managers Accelerator Programme’s sole accountancy

Grant Thornton UK has attracted interest from several private equity firms. Cinven, EQT, and New Mountain Capital (backer of Grant Thornton's US business) are reportedly shortlisted to acquire a stake in the firm. The deal could value Grant Thornton UK at over £1.5 billion.

Dundee-based SPAR wholesaler and convenience retailer CJ Lang & Son Ltd has reported a 14.2% rise in net turnover to £253 million and an 8% increase in pre-tax profits to £4m for the year ended 28 April 2024. In the last year, the family-owned business, acquired 12 new company stores

In the UK, there has been a dynamic shift in the relationship between auditors and clients who are preparing annual accounts or readying a business for fundraising or potential exit, writes David Lister. Increasingly more fulsome investigations where compliance issues arise are required before signi