Search: financial focus

HMRC has annoucned that over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments.

HSBC is set to cut its office space by nearly half over the next few years in anticipation of the long-term workplace changes caused by the COVID-19 pandemic. The bank, which is Europe's biggest, will abandon 40% of its offices in London and other cities around the world but keep its headquarters in

Dundee-based accountancy firm MHA Henderson Loggie has revealed its predictions for the upcoming budget and its impact on businesses across the UK. The budget announcement on March 3 will finally reveal how the chancellor is going to tackle the tangle of financial challenges brought about by a

Glasgow-based tech start-up Frog Systems is poised to announce a set of major new signings after securing more than £500,000 in its latest investment round. The firm led by veteran businessman Nick Kuenssberg and principal investor Sir Rod Aldridge, has secured a host of blue-chip clients for

Aberdeen-headquartered Inoapps, an award-winning global Oracle Partner, has entered the annual Sunday Times HSBC International Track 200 list of companies for the first time on the back of a significant spike in global business over the past two years. The company has been listed in 79th place in th

An accounts manager has caused  Glasgow-based Campbell McWilliams to fold after stealing more than £250,000 from the company.

Barclays has reported a 30% drop in pre-tax profits to £3.1 billion for 2020, down from £4.3bn in 2019. The bank allocated £4.8bn to cover loans set to go bad amid the economic upheaval of COVID-19. This is slightly lower than the £5bn that financial analysts had expected Bar

The UK Government has provided the Scottish Government with an additional £1.1 billion to support people, businesses and public services affected by the coronavirus pandemic.

The UK's banking industry is set to abandon plans to establish an agency to collect overdue emergency COVID-19 loans.

Businesses across Scotland are to benefit from a £1 million funding boost from The Data Lab, Scotland’s Innovation Centre for data and AI. The Data lab has announced two new funding schemes – Data Skills for Work, and an SME data internship grant – to support further bus

Jason Cozens, founder & CEO of fintech Glint, discusses the rise of alternative global currencies such as Bitcoin. The idea that became Glint began life almost 15 years ago as I watched desperate consumers struggle to recover their funds from the collapsing Northern Rock. It was the first time t

Mark Batten has been appointed as banking and capital markets leader for the UK at PwC. He will head up the firm’s B&CM practice which provides guidance on all aspects of banking strategy, risk and regulation, FinTech, consumer credit, tax and deals.

Bill Michael, the chairman of KPMG UK, has stepped down while the firm investigates “alleged comments” he is said to have made during an online meeting with staff. Yesterday, Scottish Financial News reported that Mr Michael apologised after receiving backlash for allegedly telling s

The latest Business Distress Index from Begbies Traynor has revealed the number of UK SMEs in significant distress now stands at 620,000 an increase of 76,000 in Q4 2020, putting 2.8 million jobs under threat.

Amsterdam has replaced London as Europe’s largest share trading centre last month, the Financial Times reports, as the Netherlands secured business lost by the UK since Brexit.