Search: financial focus

The accountancy profession’s role in building and maintaining a sustainable recovery in these challenging times is the focus for ACCA (the Association of Chartered Certified Accountants) over October, November and December 2020. In its new campaign, Rethinking business for a sustainable recove

HSBC has halted issuing COVID-19 loans to new business customers as it struggles to meet the demand for Government-backed financial support.

Tesco has announced that its chief financial officer Alan Stewart has decided to retire from the company on 30 April 2021. Mr Stewart joined Tesco in September 2014 and, as a member of the board and executive committee, has played an instrumental role in the turnaround of Tesco.

The Scottish Government has announced a one-off £75 million increase in funding for Scotland’s universities to ensure they can protect their world-leading research programmes against the financial impact of COVID-19. The significant intervention will help secure the jobs and training nee

A new review has been launched into claims by two businessmen that the Royal Bank of Scotland (RBS) nearly drove them to bankruptcy. The allegations, which have been staunchly denied by RBS focus on the bank's now-inoperative Global Restructuring Group (GRG), which was found to have mistreated thous

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day workforces, according to a new report from the Financial Reporting Council’s (FRC) Financial Reporting Lab. Workforce-related matters such as working conditions, changing contractual arrangemen

Hampden & Co has received £30 million of Smith & Williamson loan book following the decision made in 2019 for the financial and professional services group to relinquish its banking licence. The private bank also expects to build its relationship with Smith & Williamson and its cli

To support the delivery of high-quality audit in the UK, the Financial Reporting Council (FRC) has today issued a major revision to its Ethical Standard and revised Auditing Standards. The changes will help to strengthen auditor independence, prevent conflicts of interest and ensure the UK is seen a

Highland Spring has blamed the impact of rising costs for the decrease in profits experienced by the firm in its most recent financial year. The company saw pre-tax profits dive to £520,000 for the year ended December 31st, a decrease from £3.3 million last time, as it struggled with the

Sopra Steria, one of the world’s largest tech consultancies has launched its new scheme to bring fintech organisations into the forefront of innovation in financial services. Launched in partnership with FinTech Scotland and the University of Edinburgh, the new programme, named Chemistry, prov

The Financial Conduct Authority (FCA) has today set out the issues it will focus on as part of a market study into how general insurance (GI) firms charge their customers for home and motor insurance.

Kenny Graham Phil Anderson Financial Services has continued its growth plans with the appointment of Kenny Graham as a mortgage and protection adviser.

John Schorah Law firm Weightmans LLP has reported increased turnover and a drop in profits in the latest financial year.

Clara Jackson Grant Thornton has appointed a new wealth advisory manager as part of a focus on growing its specialist services in Scotland.

An ever-increasing focus on anti-money laundering (AML) controls within the legal profession has seen the introduction of new AML requirements for both the Law Society of Scotland and the Scottish solicitors.