Search: financial focus

Data from ratings agency Standard & Poor’s has revealed global defaults on debts have reached the second highest level in a decade. According to S&P, 99 companies this year have defaulted on their debt.

A wife has achieved nationwide notoriety after getting revenge on her cheating partner by selling their home from under his feet while he was away on a business trip. Builder Craig Arnolds returned to the Nuneaton property with his wife Laura, 42, from New York to find the locks changed and six stud

Eileen Rowland Eileen Rowand, head of revenue & shared services at Fife Council, has been appointed executive director finance & corporate services at the authority.

Andy Hornby The long-awaited PRA/FCA report into the failure of HBOS has suggested that up to 10 former executives of the lender that had to be bailed out by the UK taxpayer at a cost of £25 billion at the height of the financial crisis should be banned from working in the City.

Matt McGrath Matt McGrath, the young student who won a competition with his ground-breaking reinvention of a medical device used in every major surgical operation has finally sold the business he founded 14 years ago for a staggering £72 million.

Stephen Robertson Data Conversion Systems, a Cambridge-based pioneer in consumer digital audio equipment, has taken the top place in Britain's first ever Intellectual Property (IP) league table, compiled by Metis Partners.

Food bank use in Scotland has increased to record levels, with more than 60,000 referrals over a six-month period, according to the Trussell Trust which said on average people needed 1.7 referrals, suggesting 35,000 individuals received help. From April to September its food banks gave out 60,458 th

Livingston-based gas meter supplier Energy Assets has expanded its funding facility with Royal Bank of Scotland by £10 million. The Edinburgh-based lender's asset finance division Lombard is now making the total amount of funds available to Energy Assets £70m.

The number of new business start-ups has grown faster in Glasgow and Edinburgh over the past twelve months than in London, according to new figures. Data published by office space firm Instant Offices show that in the last year 33 per cent more businesses were set-up in Edinburgh compared to last ye

Mark McCluskey Scottish companies may face serious tax and accounting implications for their businesses if they do not act immediately to implement the new FRS102 accounting standard, according to accountants BDO LLP.

Joe Garner Britain’s second largest mortgage lender Nationwide has appointed current boss of BT's Openreach unit, Joe Garner, as its new chief executive.

James Crosby A long-awaited investigation into the collapse of HBOS in 2008, which is due to be published next week, is expected to question the regulator’s decision to only investigate one executive over the affair.

Fergus Ewing Scottish Government Business Minister, Fergus Ewing MSP, has hailed the contribution that Scottish Insolvency Practitioners (IPs) make to the Scottish economy in a keynote address to the ICAS Insolvency and Restructuring Conference.

A number of key staff members at Royal Bank of Scotland have received more than £3.3 million in shares. The shares delivered were in payment of a fixed share allowance for the six month period ended 31 December 2015.

Sir Gerry Grimstone Standard Life chairman Sir Gerry Grimstone has been appointed as a non-executive director and deputy chairman by Barclays.