Search: financial focus

Edinburgh-based Tesco Bank has seen pre-tax profits rise by 10 per cent to £168m and its customer base grow to 7.4 million over the past financial year. The challenger bank division of supermarket giant Tesco Group said profits were impacted by costs incurred on its expansion into mortgages and cur

Sean McGuire Old Mutual Wealth has appointed ex-Standard Life bosses Russell Bignall and Sean Mcguire to its newly-created business development director positions.

Controversial payday lender Wonga has reported a pre-tax loss for last year of £37.3m. The news comes amid a major overhaul of the controversial company a major customer compensation scheme.

HSBC has unveiled a new five year deal with a record low rate of under 2 per cent. The move is evidence of the increasingly intense competition between mortgage lenders.

New data released today by business rescue and recovery specialist Begbies Traynor has shown a static level of the most common indicators of business distress in Scotland and across the rest of the UK. Scotland’s firms showed 12,041 instances of ‘significant’ financial distress, the signals th

Liz Cameron The Scottish Chambers of Commerce has reported a hesitant start to the year but remains optimistic for the rest of 2015.

More than half of Scots say they cannot break free from an ex-partner because they have joint finances, according to research by Debt Advisory Centre Scotland. The debt advice and solutions provider’s data showed that one of the most difficult things to resolve following relationship break down is

Matt Henderson  

Craig McKinlay, mortgages director at Halifax Fewer than half of people aged between 20 and 45 are making financial plans to save for a house while the number of those saving for a deposit has fallen, according to a new report.

A Fife-based credit union has become embroiled in a police fraud investigation amid reports that funds were embezzled. Police are probing accounts at Glenrothes and Methilhill-based Kingdom Credit Union Ltd.

Sir Chris Hoy Sir Chris Hoy, Britain’s most successful Olympian, is still putting in impressive performances despite his retiring from the track after his company posted 2014 results showing profits pushing £1 million.

Kenny White Edinburgh-based residential care specialist Randolph Hill Nursing Homes which provides residential nursing care for 340 residents and employs more than 500 people across Scotland has secured a £26 million finance package from HSBC.

Sandra Gilchrist KPMG has strengthened the depth and range of its tax team specialising in Innovation Reliefs and Incentives (“IRI”) with the appointments of five new staff across Scotland.

Fergus Ewing  

A high school text book on economics has been revealed as the most checked-out title at the Bank of England’s vast library. The Old Lady of Threadneedle Street’s library is where leading research and analysis goes on among rows of books to support the central bank’s policies.