Search: financial focus

Edinburgh-based Baillie Gifford released annual results for its US Growth Trust, which has £785 million AUM, showing a -45% return over the past financial year.

KPMG has resumed bidding for large government contracts after having taken itself out of the running amid a series of accountancy scandals. In December last year, Scottish Financial News reported that the Big Four firm pulled out of bidding for public contracts after the Cabinet Office threatened to

Young people awaiting their exam results tomorrow have been reminded of the value of their qualifications and the many different career pathways and opportunities ahead in an open letter from Scottish business leaders. Students have faced a number of challenges over the last few years, with covid-19

The Treasury has collected a record £14.3 billion in capital gains tax (CGT) in the last financial year, an increase of 42% from the previous period. The record sum was realised on £80bn of gains. This is attributed to rushed sales of buy-to-let homes and growing house prices as an all-t

With the prospect of another recession looming in the face of the worsening cost of living crisis, Begbies Traynor’s latest data has revealed that Scottish businesses are already suffering with the country seeing a starker increase in advanced distress than the rest of the UK in the second qua

Proposals for an expanded whisky storage and warehousing development in Glenrothes are set to go out for public consultation.

Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed as joint liquidators of homecare business Assist Homecare Scotland Ltd. Mr Patullo and Mr Craig were appointed on July 29.

Over 10,000 SME owners have applied for a single £25,000 Business Boost grant from small business insurance provider Simply Business. The news comes as rising inflation, the surging cost of living and post-pandemic recovery continue to take a financial toll on small businesses.

The Insolvency Services has been using new powers to tackle fraudulent use of Covid loans. Several directors have been banned in the last month after investigations showing misuse of Covid loan money.

Wylie & Bisset has broadened its charity expertise with two of its audit managers having been awarded a prestigious Diploma in Charity Accounting (DChA) by the Institute of Chartered Accountants in England and Wales. The DChA is only awarded to those individuals who can demonstrate a high level

Starling Bank has reported a pre-tax profit of £32.1 million in its first full year of profitability. £32.1m pre-tax profit for the financial year ending 31 March 2022 comes after a pre-tax loss of £31.5m for the previous period to 31 March 2021. Revenue for the same period to 31 M

The government has published legislation confirming that low earners who save through a Net Pay Arrangement (NPA) will get the same level of government top-up as those who use Relief at Source schemes. Under the new legislation, 1.2 million low earners to see a boost to their take-home pay from 2025

A Freedom of Information request to the British Business Bank by Purbeck Personal Guarantee Insurance, has revealed that one in ten firms who borrowed money under the Bounce Back Loan Scheme (BBLS) are in arrears by over ninety days, with £29.357 owed in total.

Clydesdale Bank owner Virgin Money has informed the majority of its staff that they will receive a one-off payment of £1000 in their August pay to help ease their financial pressures in light of the rising cost of living.

Tech giant Apple is facing a lawsuit in the US over allegations that its monopoly on contactless payments made using iPhones constitutes anti-competitive conduct. iPhone users can only make contactless payments through Apple Pay, while users of Android-powered smartphones can choose between competin