Search: financial focus

Lenders have provided over 1.2 million mortgage payment holidays to households whose finances have been impacted by COVID-19, UK Finance has revealed.

Lyn Calder, a managing partner of Anderson Anderson & Brown LLP (AAB), has called on the government to implement a series of wide-reaching measures aimed at helping businesses to survive the disruption caused by the COVID-19 pandemic. Lyn Calder, who is also the firm’s head of deals f

Partners at the UK's biggest accountancy firms will have their payouts slashed by hundreds of thousands of pounds this year as the sector prepares to face a huge crash in revenues amid stemming from the coronavirus outbreak. Yesterday, partners at BDO agreed to cut partner pay by up to 25% in a bid

Permanent staff appointments declined at the steepest rate since April 2009 in March, while temp billings fell at the quickest pace on record, as the coronavirus pandemic hit the Scottish jobs market, according to the latest Royal Bank of Scotland report on jobs.

Housebuilder Taylor Wimpey is to make advance payments to self-employed subcontractors under a new scheme aimed to help workers forced to stay home by the coronavirus lockdown. The company has allocated £5 million to its ‘Pay It Forward’ scheme which will pay out £600 a month

TSB has today announced that its CEO, Debbie Crosbie, and the bank’s executive committee are voluntarily giving up their bonus awards for 2020 amidst the economic uncertainty of coronavirus crisis. TSB said that throughout the last month, TSB has been taking action to support businesses a

Perth-based insurance giant Aviva has announced that it will suspend its 2019 final dividend amid the current economic uncertainty caused by the coronavirus outbreak. Aviva said that its board has taken this decision in the wake of the unprecedented challenges COVID-19 presents for businesses,

Andrew Davis and Emma Herd have been appointed to the board of Historic Environment Scotland. Andrew Davis is a qualified accountant and experienced strategy and commercial director in the Scottish financial services sector. He currently holds the role of commercial director at TSB, having also

Wylie & Bisset is advising sole trader advisors and intermediaries to consider the extended moratorium on debt enforcement of up to six months under the Coronavirus (Scotland) Act. This provides sole traders concerned about a looming risk of financial distress as a consequence of the e

Aberdonian Anneliese Dodds has been appointed as shadow chancellor following Sir Kier Starmer's appointment as leader of The Labour Party. Ms Dodds grew up in Aberdeen and completed a Masters Degree in social policy at the University of Edinburgh and a PhD in government at the London School of Econo

Bosses at Standard Life Aberdeen saw their pay cheques significantly increase in 2019, according to the company's latest annual report. The report has revealed that Keith Skeoch, chief executive of the financial services firm, saw his pay increase to around £1.47 million from around £1.0

The Prince’s Trust and RBS owner NatWest have announced the launch of a £5 million fund to help young entrepreneurs across the UK to keep their businesses afloat during the coronavirus crisis. The Prince’s Trust and Royal Bank of Scotland Enterprise Relief Fund is available to entr

The Financial Reporting Council (FRC) has imposed sanctions against KPMG, ordering the audit firm to pay £700,000 for audit quality breaches. The watchdog has imposed the sanctions against KPMG and Nicola Quayle, the former senior partner for KPMG's Manchester office, in relation to the statut

Chartered accountancy and business advisory firm Anderson Anderson & Brown (AAB) has bolstered its team of directors with three new appointments. AAB has promoted three members of staff to the position of director with the aim of further augmenting their team of expert and trusted advisors durin

Stock markets have suffered their worst quarter in over thirty years after the coronavirus pandemic has disrupted economies across the globe.