The British Business Bank has provided financial support to 15,000 smaller businesses in Scotland, supporting 148,000 existing jobs and is expected to create 11,000 additional roles since it was established in 2014, cementing its position as a critical driver of growth and employment. The bank's The
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The Financial Reporting Council (FRC) has launched a probe into KPMG's audit of gambling giant Entain's 2022 accounts. Entain, which owns brands including Ladbrokes, Coral, and Bwin, paid a £615 million fine in 2023 as part of a deferred prosecution agreement relating to a bribery probe into i
Highlands-based water treatment solutions provider RSE has reported a strong financial performance for the year ending 31 March 2024. Revenue surged by 30% to £257.2 million, up from £197.7m in 2023, while operating profit rose to £19.9m from £13.9m.
Dundee-based publisher DC Thomson has reported a significant financial turnaround, reporting a £93.8 million pre-tax profit for the year to 31 March 2024, up from a £161m loss in 2023. The positive result comes despite a slight dip in revenue from £161.4m to £153.8m.
Loganair has reported £6.9 million profit for the financial year ending 31 March 2024. This result, whilst continuing a positive financial trend, demonstrates the challenges experienced by the airline in 2023, especially in relation to operational performance, as it completed the fleet transit
The chief executive of Scottish Financial Enterprise, Sandy Begbie CBE FRSE, has received the Freedom of the City of London, in recognition of his significant contribution to Scotland’s financial and professional services sector. At the helm of the SFE since October 2020, he previously led the
Amid mounting fiscal pressures and rising demands on public services, ACCA has called for a sharper focus on productivity and outcomes in the public sector as part of a transformational shift broadening the focus from cost-cutting and cost control. Published just ahead of the Scottish budget, the re
The Financial Conduct Authority (FCA) has published the second phase of its consultation on proposals for a measured increase in transparency about its enforcement investigations.
The Financial Conduct Authority (FCA) is seeking feedback on proposals to extend the time firms have to respond to motor finance complaints where a non-discretionary commission arrangement was involved.
Rangers Football Club has posted a £17.2 million loss, for the year ended 30 June 2024, despite record revenues of £88.3m. The club attributes the loss to a lack of significant player sales and increased operating expenses.
Graduates and young professionals were urged to "stay curious" as around 125 north-east businesspeople descended on Aberdeen’s Union Kirk for a night toasting the achievements of those working within the financial planning and insurance sectors. The evening, organised by the council of the Ins
Cruden Group has posted turnover of £132 million and profit before exceptional costs of £2.6m, alongside an increased net asset value of £40.7m, for the year ending 31 March 2024. The group has been in business since 1943 and took the strategic decision last year to restructure its
Aberdeen is set to welcome over 100 professionals to a special event celebrating rising stars in financial planning and insurance. Recognising the achievements of those currently working in the profession as well as supporting the next generation will be central themes at the ‘Future of Financ
Forth Ports has announced two senior management changes, with the appointment of Paul Dale as chief operating officer and departure of chief financial officer Carole Cran. Mr Dale – who is currently asset and site director for the Port of Tilbury – joined Forth Ports in 1989 as a 19
Housebuilder Cala Group has announced today that an agreement has been signed by the global investment firm Sixth Street Partners and Patron Capital, the pan-European institutional investor focused on property-backed investments, to acquire the company from Legal & General Group Plc.
