Search: financial focus

Thorntons has posted profits of £9.2 million and turnover of £37.8m, for the financial year ending 31 May 2023. Profits are 9.1% (£0.9m) down from last year, after a seven-figure IT investment and staff benchmarking exercise. Turnover is up 8.2% (£2.86m) from £35m,

Orkney Islands Council has been told it must shift its focus to ensuring its services remain financially sustainable, as it faces a significant funding gap of £27 million over the next four years. In a new report, the Accounts Commission highlighted that Orkney Islands Council faces parti

Edinburgh-based private bank Hampden & Co has strengthened its team with the appointment of Martin Hillyer as intermediary relationship director. He will report to Hannah Berridge, head of professional partnerships at the bank.

The Scottish Government has announced that more than £5 billion is being invested in building a fair, green and growing economy that creates jobs, supports businesses and helps finance Scotland’s public services and the transition to net zero. Despite one of the most difficult financial

Drinks manufacturer and owner of Tennet's Lager C&C Group plc has appointed Andrew Andrea as its new chief financial officer and executive director, effective 1 March 2024. Ralph Findlay, who has served as executive chair since May 2023, will revert to the role of non-executive chair following

Johnston Carmichael has reinforced its business advisory team by appointing Jim Lockhart as a new partner in its expanding Glasgow office, which saw 13 promotions in December. Mr Lockhart has over 25 years of experience working across the finance sector for firms of all sizes, ranging from a five-pa

Muir Group PLC has announced its financial results for the year 2022/23 which show a pre-tax profit of £2.2 million. Marking half a century in business this year, the independently-owned family property developer and contractor reported a 5% increase in turnover to £89.3m (2022: £8

The Association of Chartered Certified Accountants (ACCA) has communicated pressing concerns to the Chancellor ahead of the Autumn Budget Statement, stressing the urgency for financial reforms to stimulate the UK economy. In a critical open letter, the ACCA pinpointed three core areas requiring imme

Richard Moriarty, the new chief executive of the UK’s Financial Reporting Council (FRC), has expressed his stance on the Big Four firm's reign over the UK audit market. In contrast to his predecessor, Mr Moriarty expressed lesser concern if Deloitte, EY, KPMG, and PwC continue their near-total

Aberdeen-based energy and engineering services firm Wood Group has reinforced its annual financial projections following a lucrative third quarter, which saw several substantial contract gains.

The Financial Conduct Authority (FCA) has illuminated a sharp rise in the adoption of buy-now-pay-later (BNPL) schemes within the UK.

Scottish Financial Enterprise (SFE) has initiated the second phase of its international campaign, 'From Scotland to the World', through a comprehensive digital strategy aimed at global investors.

Accountants and financial professionals have shown optimism about the role of digital technology, including artificial intelligence (AI), in transforming their industry, according to the ACCA's (Association of Chartered Certified Accountants) Digital Horizons report.

Announcing a strategic review of the country's debt solutions, Scotland's Minister for Community Wealth and Public Finance, Tom Arthur, has appointed Yvonne MacDermid OBE, a prominent financial advice expert and the former chief executive of Money Advice Scotland (MAS) to spearhead the initiative.

The first phase of a new initiative to identify and nurture new entrepreneurial talent has been launched. Funding of up to £1.5 million will be delivered through the Pathways Pre-Start Fund this financial year to provide support, mentoring and advice services for people thinking about taking t