Search: financial focus

Edinburgh-based mobile app security specialist, Approov Limited, has secured a £1.2 million investment from the Investment Fund for Scotland, which is managed by Maven Capital Partners. The funding is part of a wider £5m round with participation from Souter Investments, and existing inve

With no IFRS Accounting Standard dedicated to accounting for carbon-related instruments, a new global study by ACCA (the Association of Chartered Certified Accountants) and the Adam Smith Business School at the University of Glasgow has revealed the growing complexity and diversity in how companies

Orkney-based insurance broking firm Nord Dallas is celebrating a successful first anniversary as part of the independent, family-owned TL Dallas Group. Over the past 12 months, Nord Dallas, based in Kirkwall, has achieved a number of significant milestones – marking a new chapter in its long-s

The UK government has announced its most significant legislative reforms in 25 years to support small businesses, aiming to tackle the crippling issue of late payments and unlock access to finance. The new measures, part of a "Plan for Change", are designed to give the UK the toughest late payment l

Business confidence in Scotland rose by nine points during July to 56%, according to the latest Business Barometer from Bank of Scotland. While Scottish firms’ optimism in the economy fell five points to 43%, their confidence in their own business prospects rose 23 points month-on-month to 70%

Wbg has appointed former Tesco Bank chief Benny Higgins as its new chairman to spearhead an ambitious national growth strategy. Currently chairman of Glasgow-based investment firm N4 Partners, whose seven-figure investment last year made it the majority shareholder of Wbg, Mr Higgins succeeds Lorna

Scottish soft drinks group AG Barr has reported a solid performance for the first half of 2024, with revenue climbing by 5.2% to £221.3 million. The company, known for its Irn-Bru brand, outpaced the wider UK soft drinks market.

Aberdeen-based energy services firm Wood Group and Dubai consultancy Sidara are nearing a takeover agreement, prompting a further extension of the offer deadline to 25 August.

The Albert Hotel, a long-standing hotel in Orkney, has undergone an extension following a significant funding injection from Royal Bank of Scotland. Established over two decades ago, the Kirkwall hotel has become a cornerstone for both leisure and business travel in the region. The new funding has e

A visitor to the Centre-Pompidou Metz in eastern France has eaten Maurizio Cattelan's artwork "Comedian", which consists of a fresh banana taped to a wall.

Wood Group's wholly-owned subsidiary, JWG Investments Limited, has agreed to sell its 50% stake in RWG (Repair & Overhauls) Limited to its joint venture partner, Siemens Energy, for a cash consideration of $135 million (c. £100m). The transaction is a key part of Wood's previously announce

UK families are finding themselves caught between a growing desire to save and the harsh reality of the cost of living crisis, a new report has revealed. The 2025 Scottish Friendly Family Finance Tracker, an annual snapshot of the investing and savings habits of UK households, shows that despite a g

Bank of Scotland-owner Lloyds Banking Group has reported a significant rise in second-quarter profits, surpassing analyst expectations and leading to a substantial increase in its shareholder dividend. The bank's underlying profit before impairments reached £2.16bn, a 17% increase from the fir

Two Aberdeen locals are set to launch the city’s first ever music week after accessing support from Business Gateway.

UK government borrowing has reached a higher-than-expected £20.7 billion in June, fuelled by soaring debt interest payments that place Chancellor Rachel Reeves under increasing pressure ahead of her Autumn Budget.