Search: financial focus

Analysts have suggested that banks, including Bank of Scotland-owner Lloyds Banking Group, may be liable for a £10 billion compensation bill following an investigation by the Financial Conduct Authority (FCA) into unfair car finance deals.

Specialist insurance and property funding firm J3 Advisory has appointed Peter MacAllan as director of the debt advisory team. Peter joins the leadership team, bringing over two decades of experience within the financial sector, coupled with an impressive track record of facilitating a diverse range

The parent company of former contractor McGill has claimed that an investigation into money transfers between the two businesses has now been resolved.

Menzies Parcels, a subsidiary of Menzies Distribution, is on the brink of closure, putting approximately 270 jobs at risk in the north of Scotland.

AMTE Power, the electric vehicle battery maker with a plant in Thurso and ambitious plans for a megafactory in Dundee, is currently engaged in talks with a potential buyer in a bid to rescue the company from its financial woes. The accelerated sale process, initiated on 19 December and spearheaded b

The COVID-19 pandemic has significantly accelerated the shift towards online banking in the UK, with a notable decline in physical visits to bank branches, according to new research from KPMG.

Inverness-headquartered RSE has posted revenue of £198 million, 71% higher than the previous year (£115m), in latest its financial statements to March 2023. Operating profit also increased to £14.0m compared to £6.5m in the prior year.

Consumer credit and payment services expert Andrew Barber discusses the FCA's recent proposals to ensure public access to cash in the UK by requiring banks, building societies, and other businesses to maintain reasonable access to cash services. Banks and building societies will be required to maint

Virgin Hotels' Glasgow location, which opened just four months ago, has abruptly shut down, leaving staff and stakeholders in dismay. The closure, announced unexpectedly in a staff meeting followed by immediate escort from the premises, occurs amidst financial turmoil for the property's owner, Lloyd

Sandy Grant, the managing director of Tulloch Homes, has announced his retirement plans for spring 2024, concluding a 21-year tenure at the Scottish housebuilder. Mr Grant joined the company as group financial director in 2003 and was promoted to managing director in 2021.

CEOs at FTSE 350 companies was 57 times higher than average employees in 2022, according to new analysis from the High Pay Centre.

In reflecting on the last year, the kanji for "tax" has been chosen as the Japan's word of the year.

The Bank of England (BoE) has again decided to maintain the base interest rate at 5.25%. This decision came amidst Governor Andrew Bailey's assertion that considerable effort is still needed to bring inflation down to the standard 2% target. The Monetary Policy Committee (MPC) voted six to three in

The Scottish Budget is under pressure to boost the housing sector, as highlighted by property firm DJ Alexander Ltd. The company's CEO, David Alexander, stresses the urgent need for governmental action, including stimulating private sector building, expanding social housing, and revising the Land an

Plant hire company GAP Group Limited has succeeded in an appeal against HMRC relating to the rate of VAT charged on red diesel provided in plant equipment for hire.