Search: financial focus

There has been a sharp rise in the number of Scots who borrowed money to pay for food, housing or utility bills over the past six months, according to The Financial Well-being Survey produced by Debt Advisory Centre. More than half (57 per cent) of the Scottish consumers questioned said they were fo

As Scottish laws on insolvency are to be brought together into one piece of legislation for the first time in a generation as the new Bankruptcy (Scotland) Bill, ICAS has endorsed the move. The Bill, due to be introduced to the Scottish Parliament, aims to capture all of the amendments made to the p

A draft report outlining proposed changes to the way Stirling Council delivers its services in the face of challenging financial circumstances is set to be published today. The local authority is facing a budget shortfall of over £25 million over the next five years.

Standard Life’s chief executive Keith Skeoch has hailed the performance of the life and pensions group after latest results revealed it had beaten forecasts on both assets under administration (AUM) and net inflows in the latest quarter.

The number of Scottish firms failing in the third quarter of 2015 fell by 8.6 per cent to 180 from197, according to analysis of the latest figures from corporate lawyers Morisons LLP. The latest Accountant in Bankruptcy (AiB) figures show that there was a fall of 13.9 per cent in the number of compa

Publicly funded economic development agency Scottish Enterprise is to impose severe wage cuts of about 10 per cent on thirty of its staff just weeks after the majority of workers, and highly paid directors scooped above-inflation pay rises. Several senior members of Scottish Enterprise’s leadershi

It has been reported that Aberdeen Asset Management, which has seen net outflows of almost £10bn to the end of June and a share price which has fallen 25 per cent over the past six months, has started to sound out potential buyers. According to The Financial Times, Aberdeen’s founder and chief ex

The UK treasury has reported that the first six months of this year saw it suffer a multi-million pound loss on North Sea oil and gas for the first time in the industry’s 40 year history. The unwelcome event comes amid the effects of the languishing global oil price which saw dipping government re

Over 1,000 full-time jobs are at risk at North Lanarkshire Council as the local authority bids to save £68.3 million over the next two financial years. Councillors will be asked next week to accept measures to save £22.7 million, a move which will result in 23 post reductions.

Jackie Hunt Insurer Prudential UK & Europe, which employs more than 2,000 workers at its site near Stirling, has announced that chief executive Jackie Hunt is leaving the organisation after two years in the position.

Edinburgh-based global investment manager, Standard Life Investments has issued a White Paper examining the rise of the millennials and their impact on values-based investing. It explores millennials' potential impact on traditional financial management, as well as the many opportunities they create

New rules introduced by the UK government have taken their toll on Scottish-based payday lender the Cheque Centre which has just posted losses 70 per cent higher than last year. Results for the Edinburgh-based company, which is owned by US company CNG Financial Corp, said it had pulled out of short-

Levels of ‘critical’ business distress have plummeted in Scotland since last year, according to data released today by business rescue and recovery specialist Begbies Traynor. The data shows a small rise of 4 per cent in the most common medium term indicators of ‘significant’ business distre

Aberdeen Asset Management's Asian Smaller Companies Investment Trust has celebrateed its twentieth anniversary this month by producing a short history charting key world events and exploring some of the listed smaller companies in Asia, where it has invested over the last two decades. Launched on 8

The National Crime Agency (NCA) has warned UK internet users to protect themselves against a significant strain of malicious software which has enabled criminals to steal millions of pounds from UK bank accounts. Dridex malware, also known as Bugat and Cridex, has been developed by technically skill