Search: financial focus

Paul Dounis As part of its turnaround plan, family-owned bakery Aulds will retain eight high street stores, after its retail business was placed into liquidation last month.

Andrew Sloan Wealth manager Brewin Dolphin has appointed a new regional relationship manager (RRM) to develop its professional services proposition across its four Scottish offices.

Wonga Group Limited and WDFC UK Limited (Wonga), has placed itself into administration with Grant Thornton appointed to take over the controversial business which has been brought down by caps on the interest it can charge and the spiralling cost of a flood of compensation claims brought against it

An American charmer who attempted to get free meals by going on dates with women before bailing out and leaving the unlucky ladies with the tab, is facing the possibility of 13 years in prison in the alleged case of so-called "dine-and-dash".

Banks and building societies in the UK are relaxing lending standards and cutting fees in order to retain momentum in the housing market and protect their weakening profits, the FT has reported. The trend, which comes despite the rules brought in to address the easy lending that play such a major ro

The Financial Reporting Council has fined and reprimanded Grant Thornton UK along with three of its senior statutory auditors.

Wonga, the UK's largest payday lender, is exploring the possibility of a pre-pack administration process similar to that recently adopted by House of Fraser, it has emerged.

Invitations have been sent to nearly 500 banks, lenders and fintech firms that will provide them with details on how to access a £775 million Royal Bank of Scotland fund aimed at creating greater competition in the sector through an initiative forced on the Edinburgh-based lender as a result of it

A new court judgement will have a major impact on disputes involving companies in liquidation, says construction consultancy MPG.

Pete Duncan Glasgow Credit Union has announced the appointment of Pete Duncan as their new chief operating officer.

Royal Bank of Scotland has withdrawn its planning application for a residential-led mixed-use redevelopment of land it owns in Edinburgh’s New Town. The bank had applied for permission to demolish the existing office buildings at at Dundas Street/Fettes Row to create up to 400 flats as well as ret

Iain Mackay (Image courtesy of HSBC) Big pharma firm GlaxoSmithKline has announced the appointment of Aberdeen-trained Iain Mackay as its next chief financial officer (CFO).

Professor Lorne Crerar (left) and Martin Darroch Harper Macleod has marked its 30th year in business by announcing record profits in its most recent financial year – its seventh consecutive year of profit growth.

John Flint Europe’s biggest bank HSBC has announced a 4.6 per cent increase in pre-tax profit for the first half of 2018.

Antonio Horta-Osario Lloyds Banking Group has posted half year pre-tax profits of £3.1bn, 23 per cent higher than the same time last year.