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The UK is expected to become the first large European economy to reach pre-pandemic levels of corporate insolvencies as COVID-19 crisis support is wound down and rising levels of inflation threaten firms. According to credit insurer Allianz Trade, corporate insolvencies will soar by 37% this year. T

A specialist police unit which targets the organised criminal gangs behind fraud prevented a record £101 million from being stolen in 2021, the highest amount in the unit’s 20-year history. The Dedicated Card and Payment Crime Unit (DCPCU) which is funded by the banking and finance indus

Applications are now invited for a fund to support Scottish food and drink suppliers and producers to invest in future growth. The annual Food Processing, Marketing and Cooperation Grant Scheme (FPMC) enables investment across a range of projects including buildings and equipment, feasibility studie

Staff at Big Four firm PwC have hit back at Lord Sugar after he called employees at the company "lazy", following an announcement that PwC will allow employees to take Friday afternoons off during the summer months. Last week, Scottish Financial News reported that the firm had written to its 22,000

Corporate finance specialist Dow Schofield Watts has opened a new office in Edinburgh as part of its plans to build its presence in Scotland. The firm, which has an existing office in Aberdeen, is also expanding its services to include fundraising for private equity firms and infrastructure investme

Cabinet secretary for finance and the economy Kate Forbes yesterday addressed the second meeting of a new task force, set up to transition Scotland to become a global leader for Green and Sustainable Financial Services. Set up at the end of February, the task force brings together the Scottish finan

Jonathan Peake has joined UK private bank Hampden & Co from Standard Bank International as chief financial officer (CFO). Mr Peake spent more than six years as CFO and executive director at Standard Bank International, the banking and wealth management group, which has approximately £6 bil

The value of homes sold by Scottish estate agency and legal firm Lindsays has topped £200 million for the first time.

Standard Life Investments Property Income Trust Limited (SLI), a company managed by abrdn, has posted its full annual results for the year ended 31 December 2021. The company reported financial resources of £50 million as at 31 December 2021 (2020: £55 million) available for investment t

About 2.1 million tax credits customers will begin to receive their annual renewal packs this week from HMRC. The packs will be sent between 25 April and 27 May, and customers have until 31 July to check their details are correct and update HMRC if there has been a change in their circumstances.

Commercial property firm HFD Group has sold 177 Bothwell Street to Spanish investment firm Pontegadea in a deal worth around £215 million, according to reports. The deal arrives just before construction is completed on the 315,000 square foot development, where HFD has pre-let space to te

Andrew Hill, lease advisory partner at Knight Frank Edinburgh, discusses rents within Scotland's commercial property market. The pandemic has been with us for two full financial years – it, therefore, feels like an apt time to look back on how that has affected the rents occupiers can expect t

KPMG UK has promoted four colleagues to partner and 26 colleagues to new positions in Scotland. Arleen Arnott, Paula Holland, Deborah May and Eddie Norrie all became partners of the professional services firm on 1 April 2022.

Just over a quarter of savers surveyed (26%), who have a workplace pension, think that their current amount of pension saving will not be enough to get by on when it comes time to retire, a Pensions and Lifetime Savings Association (PLSA) survey has heard. With UK households feeling the pinch off th

Calnex Solutions plc, the Linlithgow-headquartered provider of test and measurement solutions for the global telecommunications sector, has acquired iTrinegy Limited, a developer of Software-Defined Test Networks technology, in a £3.5 million deal. The consideration, calculated on a cash-free,