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The British Business Bank (BBB) reported a £135 million post-tax loss in its latest financial year, predominantly due to a dip in tech company valuations. The bank experienced a £146m loss on its investment portfolio in the year to March, contrasted with a £619m gain in the precedi

As National Payroll Week takes place, payroll expert Charlotte Walker discusses the challenges and financial burdens faced by UK employers due to long-term sick leave and suggests potential reforms to the current Statutory Sick Pay (SSP) system to alleviate these issues. You could be forgiven for no

Shoosmiths has reported a record financial year in FY22-23, with a revenue increase of 7% to £194.1 million. Net profit increased by more than 3% year-on-year to £62.7m, and the firm sustained a strong PEP of £676,000 (marginally up on last year’s £675,000).

The Financial Conduct Authority (FCA) has urged banks to improve the savings rates they offer their customers at a faster pace.

Scottish football club, Arbroath FC, has made headlines following a significant surge in their financial fortunes, tripling their annual turnover to £1.88 million in 2022. Despite the hurdles imposed by the Covid-19 pandemic, the club's rise to second place in the championship helped boost the

With fewer than 90 days to go until the start of the Consumer Duty the Financial Conduct Authority (FCA) has urged firms to ensure they are ready for the 31 July deadline. In a speech Sheldon Mills, executive director of consumers and competition at the FCA, warned that firms who ignore the Duty or

Level E Research secured a minority stake investment from M&G plc in its latest seed funding round and will partner with the company to develop a suite of artificial intelligence (AI) investment strategies. The strategies will focus on regional equity markets with each one supported by an initia

The Financial Conduct Authority (FCA) required firms to amend or remove 8,582 promotions during 2022 — 14 times more than 2021, a report published today shows.

Stagecoach Group Limited has announced the appointment of Bruce Dingwall to chief financial officer, effective 1 February 2023. Mr Dingwall is currently director of finance at the group and has been with the business for nearly 10 years.

Armstrong Watson Financial Planning and Wealth Management – part of Armstrong Watson LLP – have announced the launch of their new retirement planning advisory brand with a focus on individuals. With research indicating that by 2035 there will be over 4 million more people heading into th

The Financial Reporting Council (FRC) has published an updated list of signatories to the UK Stewardship Code following its Spring 2022 assessment. Following the review process considering organisations’ investment styles, sizes and types, 43 new signatories were added, taking the total number

Accountants have given their immediate response to the announcement that Liz Truss is to be the new leader of the Conservative Party and the next Prime Minister, calling for "significant government support" to help people overcome the current financial challenges. Kirsty McGregor, founder of Th

Leaders from the world’s largest financial institutions are to meet in Scotland to discuss progress towards positive global change as the COP26 anniversary approaches. The World Bank, the Bank of England, and major finance and investment firms will be present at the key summit in Edinburgh, in

The Financial Reporting Council (FRC) has today published its annual inspection and supervision results of the largest audit firms (BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars and PwC). Overall, 75% of audits inspected were good or required limited improvement (compared to 71% in 2021 and 67% in

Rural accountancy firm Old Mill has warned farmers to be ready for potentially high tax bills after a profitable year in 2021/22. The firm warned that as farmers focus on fielding high input costs, it’s easy to forget that large tax bills might be looming.