Search: financial focus

The Scottish Government overspent its 2019/20 budget by nearly £700 million responding to the COVID-19 pandemic, according to a report by Audit Scotland.

Investor confidence in Scotland's social housing sector remains strong with private investment continuing to help fund RSLs towards their contribution to the Scottish Government’s target of an extra 35,000 social rented houses by 2021, according to the Scottish Housing Regulator.

Shoe retailer Schuh has secured a £19 million finance facility with Bank of Scotland owner Lloyds Banking Group. The funding has been secured through the Treasury's coronavirus large business interruption loan scheme (CLBILS).

Deloitte has been appointed administrator of engineering firm BiFab.

Accountancy firm BDO has backed down and agreed to repay £4.1 million of furlough money after outrage over its £137m pay out to partners. On Friday, Scottish Financial News reported that partners at the firm would receive an average of £518,000 each despite receiving furlough

Dundee-based restructuring and insolvency specialists Dunedin Advisory has become an Employee Ownership Trust (EOT). Since making the decision to become an EOT, the firm's staff have fully engaged in the goal of strengthening and developing not only the business but their future personal develo

A new survey from NatWest has found that just over a third (31%) of young Brits (aged 18-24) don’t feel financially secure in the current COVID-19 climate. When asked if they felt financially secure, have enough money to live comfortably and afford essential payments (e.g. groceries, utility b

Accountancy firm BDO has backed down and agreed to repay £4.1 million of furlough money after outrage over its £137m pay out to partners. On Friday, Scottish Financial News reported that partners at the firm would receive an average of £518,000 each despite receiving furlough

Dundee-based restructuring and insolvency specialists Dunedin Advisory has become an Employee Ownership Trust (EOT). Since making the decision to become an EOT, the firm's staff have fully engaged in the goal of strengthening and developing not only the business but their future personal develo

A new campaign against loan sharks has been launched to crack down on lenders who are moving online to prey on Scots.

The Financial Conduct Authority (FCA) has confirmed proposals to permanently ban the mass-marketing of speculative illiquid securities - including speculative mini-bonds - to retail investors. A temporary ban was introduced without consultation in January following serious concerns that speculative

Companies in Glasgow are recovering from the coronavirus pandemic at the third-fastest rate in the UK, according to new research by Stockopedia.com.

Begbies Traynor has reported revenue growth of 11% for the six months ended 31 October 2020, despite the economic upheaval of the coronavirus pandemic. The professional services provider said it has 'maintained a strong financial position' in the six month period with first-time contribution from pr

Betsy Williamson, managing director and founder of Edinburgh-based Core-Asset Consulting, discusses the impact of Brexit and COVID on recruitment in the Scottish financial services sector. Top talent is continuing to depart one of Scotland’s most influential sectors as confusion around th

Glasgow-based technology firm Exizent has announced the appointment of former Nationwide non-executive director Mitchel Lenson as its non-executive chairman. The company, which was launched in September, aims to transform bereavement by connecting legal services firms with banks and the wider financ