Search: financial focus

Edinburgh’s Audi dealership, located on Bankhead Drive in Sighthill, has traded hands in a deal worth £9.1 million.

Aberdeen-based oil services company Wood Group has declined a £1.4 billion takeover offer from Dubai-based rival Sidara, citing the offer as "fundamentally undervalued".

Scotland is poised for a gradual economic recovery with steady growth predicted over the medium term, according to KPMG UK's inaugural Scottish Economic Outlook report. The forecast shows growth of 0.4% for the Scottish economy this year, similar to the rest of the UK, but relatively weak by histori

Springfield Properties has signed a new contract, worth £10.1 million, with Moray Council for the delivery of affordable housing. The group will receive funds from the sale of the land to Moray Council in the current financial year and the design and build phase, which accounts for the vast ma

The four largest banks in the UK, Barclays, HSBC, Lloyds and NatWest between them, now control 85% of UK business accounts and 75% of current accounts, according to Moneyfacts. In its latest issue of INTEREST, the retail financial product data provider highlighted the lack of competition between the

Coventry Building Society has reached an agreement for a potential acquisition of The Co-operative Bank. The deal, valued at up to £780 million, follows exclusive talks between the two entities since mid-December. Pending definitive agreements, the acquisition is poised to reshape both institu

Business restructuring expert FRP Advisory is the latest tenant to take space at Meridian in Union Row in Aberdeen.

The wrong couple were divorced after solicitors made a computer error. "Mr and Mrs Williams" were married for 21 years until separating in 2023. But they had not yet sought a divorce.

Future Asset, an education initiative in Scotland dedicated to fostering diversity and inclusion within the finance industry and known for its commitment to empowering young women from all walks of life to pursue careers in investment management, has appointed Jen Mair as its new chair. Ms Mair curr

Scottish accountancy and business advisory firm Consilium Chartered Accountants has advised Cofficient on the successful transition to employee ownership. Consilium provided tax and corporate finance advisory services to the founders of the business who sold the company shareholding to an employee o

More than 800 company directors have been disqualified in the past fiscal year for abusing Covid support schemes following investigations by the Insolvency Service. One such case involved 24-year-old Muhammad Anas, who accepted a six-year disqualification undertaking starting on 2 April 2024.

Scottish fintech companies are making their mark on the global stage, with FinTech Scotland leading a delegation to participate in New York Tartan Week and New York FinTech Week. Led by FinTech Scotland CEO Nicola Anderson, FinTech Scotland is accompanied by a select group of innovative Scottish fin

Edinburgh-based private bank Hampden & Co has experienced a nearly 20% increase in new client numbers during the financial year 2023, reaching a record high of 5,598. Client growth was driven by demand for personalised banking and bespoke lending following introductions from existing clients, pr

AAB has been shortlisted for the Best Private Client Tax Practice award, in the coveted UK-wide Tolley’s Taxation Awards 2024. The group’s private client team are set to attend the glittering awards dinner in London on 16 May. The Awards celebrate exceptional achievements, unwavering com

Licensed insolvency practitioner Michael Reid discusses the importance of effective cash flow management as the key to the success and survival of businesses, particularly in the current economic climate. Every business owner’s mantra: “Cash is King”