Search: financial focus

The UK Government has been urged to intervene in the row over the Institute of Chartered Accountants in England and Wales (ICAEW) choosing to keep fines levied against KPMG over the cheating of Silentnight pensioners.

Scottish firms that could be eligible to claim tax relief through the HMRC Tax Incentive are missing out on thousands of pounds that could be injected back into developing their businesses, according to an analysis conducted by Research and Development Specialists.

The board of John Menzies has rejected an unsolicited £468 million proposal from National Aviation Services (NAS) to acquire the entire share capital of the company. NAS proposed to buy the firm at a price of 510 pence per share in cash.

SIS Ventures has launched a second round of fundraising with the aim of attracting up to £5 million to scale up its support for Scotland’s high impact potential early-stage businesses. SIS Ventures’ Impact First fund provides the opportunity for investors to make tax-efficient fina

Scott James & Associates, a senior partner practice of St. James's Place Wealth Management, has broken through the £100 million funds under management barrier. The Aberdeen-based firm revealed that it had benefitted from increased demand for financial advice throughout the pandemic, this l

The Institute of Chartered Accountants in England and Wales (ICAEW) has received heavy criticism after keeping over £13 million of fines levied against KPMG for its failings in the Silentnight pension fund scandal, rather than allocating the money to the pensioners affected by the scandal. The

Betsy Williamson, managing director of recruitment firm Core-Asset Consulting and Jamie Mariani, portfolio manager with Trillium Asset Management, socially responsible investment specialists, discuss how the lack of regulation and a talent gap is hindering Scotland's ESG investment sector. Scotland

A priest dubbed “Don Euro” because his flock had unknowingly funded his lifestyle of swingers’ parties, diamonds, luxury holidays and the services of sex workers has been jailed for extortion. Luca Morini, who has been defrocked by the Vatican, was sentenced to seven-and-a-half yea

Wealth management company Brewin Dolphin has grown its team in Edinburgh with the appointment of investment manager Dennis McGrath. Mr McGrath, who has over 18 years’ experience in financial services, joins the firm from 7IM where he was a team head looking after high-net-worth private clients

During a session of the Joint Executive Committee (JEC) with the chief decretary to the Treasury Simon Clarke, finance secretary Kate Forbes outlined some of the challenges needing to be addressed as part of the forthcoming joint review of the Scottish Fiscal Framework. Chairing the meeting in Londo

The UK Government is suing KPMG for £1.3 billion over allegations it was negligent in its audit of Carillion in 2016. Government ministers have accused KPMG of failing to respond to "red flags" in Carillion's accounts ahead of its collapse in 2018.

Michael Reid, managing partner, Meston Reid & Co, offers advice on how to manage personal debt. Personal financial difficulties can sometimes arise quickly and without warning. Sometimes it’s down to matters outwith the control of the individual: redundancy, perhaps, or a relationship brea

A notorious fraudster was identified by police halfway across the world after they tricked him into sending his fingerprints on a vinyl record.

KPMG partners were given a six-figure pay rise in 2021 despite regular criticism from regulators throughout the year. KPMG's 571 partners took home an average of £688,000, 20% more than the £572,000 received in 2020.

After some signs of economic recovery earlier last year, businesses in Scotland, along with the rest of the UK, saw a dramatic uplift in instances of advanced financial distress in the final quarter of 2021 as the emergence of the new Omicron variant hampered growth for businesses already impacted b