Search: financial focus

Standard Life, part of Phoenix Group, has partnered with open banking and open finance platform Moneyhub, to deliver its pensions dashboard.

NatWest has remedied an IT glitch that led thousands of customers to believe they were missing funds. The issue was first identified on Thursday when the customers noticed discrepancies in their cash balances on the bank's ATMs. Many took to social media with their worries about potentially facing b

Edinburgh-based water retailer Business Stream has announced substantial savings for its customers, amounting to nearly £32 million for the 2022/23 financial year. A significant portion of this was realised through more than £15m in discounts. Water efficiency initiatives led to £1

Experienced commercial and corporate lawyer Catherine Feechan writes about the considerations of selling a business and discusses the importance of due diligence, confidentiality, deal structure, and valuation to ensure a successful sale. Selling your business is a big decision and one you want to g

Battery manufacturer AMTE Power, which has a plant in Thurso and plans for a 'megafactory' in Dundee, has had its share trading temporarily suspended on the London Stock Exchange (LSE). In recent months the company has been faced with a precarious financial situation. In July, the company warne

Scottish woollen garment manufacturer Johnstons of Elgin is set to expand production following a robust sales performance and job creation despite a challenging economic landscape. Led by CEO Chris Gaffney, The family-run business, headquartered in the Highlands with additional facilities in the Sco

The Scottish Government's £42 million Techscaler programme has has assisted 387 start-ups during its inaugural year.

Joint administrators from PwC have announced the planned closure of all 400 Wilko stores by October, resulting in around 12,500 staff losing their jobs.

Turkish cryptocurrency entrepreneur Faruk Fatih Özer and his two siblings, Serap and Güven, have been sentenced to 11,196 years in prison each for a financial scandal involving millions of dollars. Mr Özer, who established the Thodex cryptocurrency exchange at the age of 22, gained no

As the UK marks Pensions Awareness Week from 11 to 15 September 2023, findings have revealed that pension savers are concerned about the impact of rising living costs on their retirement plans. It has been over a decade since the introduction of pensions auto-enrolment in the UK, yet the recent Grea

Mackie's of Scotland has scooped up a 37% increase in export sales for its luxury ice cream during the last financial year. The family-run business saw its highest ever international sales in 2022/23 with export revenue hitting £2.8 million, up from £2.05m in 2021/22.

Gilson Gray has promoted Vanessa Kennedy to the newly established position of director of marketing and business development. The newly created post, which merges leadership of the two functions, will see Ms Kennedy take responsibility for all of Gilson Gray’s marketing and business devel

Spearheaded by Edinburgh-born entrepreneur Nick Hodgson, a new Scottish search fund, Tinto Hill, has been launched with the goal to acquire a business worth up to £50 million. Mr Hodgson, who previously launched Deliveroo in Scotland and led global operations at Houst (formerly Airsorted), has

TLT has appointed Keith Anderson as a partner in its Edinburgh office. Joining TLT from Gilson Gray, he brings over a decade of experience to the firm's commercial dispute resolution team in Scotland.

Dunfermline-based furniture and fitout specialist Deanestor has reported an impressive financial performance, bouncing back to pre-pandemic profit levels and experiencing a 35% increase in turnover, which reached £19 million in the year ending 31 December 2022.