Search: financial focus

Glasgow-based chartered accountants Wylie & Bisset has welcomed the recent rise of the challenger banks offering SMEs and start-ups a variety of fresh, faster and easier funding options. The boom in the number of challenger banks over recent years has been in part a consequence of the restr

The Edinburgh International Conference Centre (EICC) has reported record results for 2018, with operating profits at £1.4m (2017: £1.2m ) for the year to 31 December 2018. Revenue figures of £11.8m (2017: £11.2 m) were achieved during the financial year while economic impact

Laura McIntosh has joined international law firm CMS as a partner after 12 years at Dickson Minto. Ms McIntosh, who is based in CMS’s Edinburgh office, specialises in mergers & acquisitions and private equity deals.

In the same week that has seen co-chief executive Martin Gilbert step down, Edinburgh-based Standard Life Aberdeen has announced more changes to its board of directors. After a career with the group spanning some 34 years, Bill Rattray will retire from the SLA board, by mutual agreement, on 31 May 2

Dina Devalia and James Sleight of PKF Geoffrey Martin & Co have been appointed as joint administrators of Glasgow-based Greater Milton and Possilpark Credit Union which has collapsed. The Financial Services Compensation Scheme (“FSCS”) has also declared the credit union in defau

With ISA season well underway, Edinburgh-based LendingCrowd has revealed that transfers to its fintech lending platform are more likely to come from Cash ISAs than any other type of tax-free account. LendingCrowd, which launched in late 2014 and has facilitated over 610 loans to SMEs, was one o

Private asset management firm Signal Capital has announced a major programme of works to transform landmark building, 55 Douglas Street, in Glasgow city centre. On completion in November 2019, 55 Douglas Street will deliver 85,000 sq ft of Grade A office space over six levels, with large virtually c

An architect who embezzled more than £350,000 from a charity has been ordered to sell his East Lothian castle to pay back the money. Ian Brash admitted embezzling £358,832 from the Dr Robert Malcolm Trust between August 12, 2010 and September 10, 2014 when he appeared at E

Business advisory and accountancy firm, Johnston Carmichael, has reported a 25 per cent increase in employee numbers at its Glasgow base and announced plans for a recruitment drive to meet demand. The firm, which took an extra floor of office space at its West George Street headquarters in 2017

The Scottish housing market has once again proved its resilience in the face of both domestic and international political issues, with sales breaching the £18 billion barrier in 2018. During a year dominated by Brexit uncertainty, markets remained busy, with the country enjoying its best spell

Shepherd and Wedderburn’s corporate finance team has reported a bumper year for deals activity, with the value of transactions more than doubling to £8.65 billion. The team advised on 114 deals globally in the year to December 2018, up from 98 deals in 2017, boosted by a number of notabl

A new credit card that would link users to new smart features on the iPhone is being cooked-up by tech giant Apple and investment bank Goldman Sachs. According to the Wall Street Journal, citing unnamed sources, the new joint credit card will be tested with employees of both companies before an

Edinburgh-based Sainsbury’s Bank has joined the Association of British Insurers (ABI) as an associate member. Sainsbury’s Bank was the first major supermarket to offer banking facilities and its range of financial products includes car, home, pet, travel and life insurance.

There have been renewed calls for change at the top of Standard Life Aberdeen after its largest shareholder dumped its 6 per cent stake in the business. Shares in the Edinburgh-based financial services provider fell by 14¾p, or 6 per cent, to 233¾p in reaction to the move by the Japane

An additional £20 million is to be invested by the Scottish Government in extra support to help GPs with the cost of running their practices, making a total investment of £50 million over the next two years.