Search: financial focus

Harper Macleod has significantly increased its share of the Scottish legal market after announcing record performance for the most recent financial year. The firm’s turnover soared by almost 17 per cent to reach £25.7 million.

Royal Bank of Scotland has today announced a loss of £968m for the first quarter of 2016 on the back of a £1.2bn dividend payment to the government as a result of its £54 billion bailout at the height of the financial crisis. The Edinburgh-based lender, which is still 73 per cent state-owned, str

Last year saw the lowest number of personal insolvencies recorded in Scotland for fourteen years, the Accountant in Bankruptcy has revealed. The AiB’s latest figures show there were 8,413 personal insolvencies recorded in Scotland during the last financial year.

Catherine Burnet Global accountancy giant KPMG has named Catherine Burnet as the new head of its business in Scotland.

Michael Thomson and Shona GeeCHAP Group has strengthened its senior team with the appointment of a new finance director and land manager.The Westhill-based group operates divisions in the construction, commercial property, house building, civil engineering and quarrying sectors. It reported turnove

Still 73 per cent state-owned, bailed-out Royal Bank of Scotland (RBS) is bracing itself for a fresh legal assault from small business owners after a group of its former customers were given the green light to launch a class action against the lender. The group, known as RGL Management, says the Edi

The volume of residential property sales rose 18.2 per cent in the fourth quarter of 2015-16 compared to the same period last year, according to official statistics published today by Registers of Scotland. A total of 19,802 properties changed hands between January and March, the highest volume of s

The rising share of income spent on housing over the last two decades is equivalent to a 10p increase in the basic rate of tax for a typical family, according to new Resolution Foundation analysis. The analysis, which forms part of the Foundation’s forthcoming housing audit, finds that the share o

A quarter of parents in Scotland feel under pressure to help their children financially, according to Bank of Scotland’s latest How Scotland Lives research. Parents are feeling the pressure to help pay university or higher education costs, repaying debt and costs towards buying a home. When it com

A Scottish international real estate tycoon who founded and ran a firm that at one time was worth £1.8 billion has been made bankrupt with debts of more than £2 million. John Kennedy, who founded Edinburgh-based Kenmore Property Group in 1986 was one of Scotland’s wealthiest men but lost it all

CMS Window Systems managing director, Andy Kerr Window, door and curtain walling designer, manufacturer and installer CMS Window Systemshas been identified as one of the country’s most profitable businesses by being named in 2016’s highly respected Profit Track 100 report by The Sunday Times in

Paula Bell (via Linkedin) Edinburgh-based distribution firm John Menzies has lost finance director Paula Bell to communications group Spirent.

A hearing of the Disciplinary Tribunal of the Financial Reporting Council (FRC) is to consider a formal complaint against Deloitte and one of its partners. The complaint concerns the conduct of Deloitte and partner John Clennett in relation to “certain aspects of the audit of the financial stateme

Lorraine Macphail The referendum on the UK's future in the European Union is damaging investment in Scotland's fragile property and construction sector, according to Grant Thornton.

The use of foodbanks in Scotland remains at record levels, figures published by The Trussell Trust have revealed. In the 2014/15 financial year, 133,726 emergency supply packages were given out to people in crisis by The Trussell Trust’s 51 food banks – an increase of 13% on the previous year.