Search: financial focus

Accountancy, tax, and audit firm Wbg has joined Ayrshire Chamber of Commerce support local businesses with specialist business advice. The move follows the recent opening of Wbg’s Prestwick office at 104 Main Street, headed up by director Andrew Flinn, a consolidation of John Kerr & Co in

The number of overdue invoices in Scotland has reached its highest level this year, according to R3. R3, the UK’s insolvency and restructuring trade body, analysed data provided by Creditsafe revealing that businesses in Scotland had 538,172 unpaid invoices on their books last month – th

Business succession expert Mike Kane discusses the advantages of selling a business when there is no immediate need to do so, exploring various exit strategies, and how owners can avoid pressure during negotiations. "I'm thinking of selling my business when I reach retirement age – can you hel

The jailed former office manager of an Edinburgh property firm who embarked on a luxury lifestyle after embezzling company funds has been ordered to pay back more than £211,000. Emma Hunt, 38, who was imprisoned for three years in August last year after a jury found her guilty of fraud and emb

Public sector fraud in Scotland has risen by almost 50% according to Audit Scotland. A data matching exercise, part of the UK-wide National Fraud Initiative (NFI), detected £21.5 million worth of fraud and payment errors across the Scottish public sector.

The Scottish Government’s Government Expenditure and Revenue (GERS) figures have shown that people in Scotland benefit from £2,417 more per head of additional spending compared to the UK average. In 2023-24, £88.5 billion in tax receipts was raised in Scotland through devolved and

Scotland’s economic recovery is gaining momentum, suggesting fertile conditions for growth, but pace remains ‘anaemic’, according to the latest EY ITEM Club Scottish Summer forecast. The latest quarterly GDP data indicates that the Scottish economy grew by 0.5% in the first quarter

Insurance giant Aviva has announced a stellar first half of 2024, with a 14% rise in operating profit to £875 million. The growth is attributed to a 15% surge in general insurance premiums, reaching £6 billion.

New research from Phoenix Group has found 75% of Scots aged between 40 and 66 (pre-state pension age) say they feel unprepared for retirement, equivalent to nearly 1.5 million people. While some of this group have decades to prepare, others will be looking to transition or enter retirement imminentl

UK CPI ticked up to 2.2% in July, driven by energy base effects that outweighed a slowdown in services inflation. Analysts anticipate further gradual increases in inflation through the second half of 2024. Peter Arnold, EY UK chief economist, said: "A smaller drag from the energy category added

Gilson Gray partner Stephen Dick calls for better collaboration to boost the number of newbuild completions in Scotland and hopes the new Labour UK government will provide a potential positive influence. While the impact will largely be seen south of the border, the new Labour government has pr

The Wee Gym in Dunfermline has been acquired by personal trainer Rachael Low with funding support from the British Business Bank's Start Up Loans programme and DSL Business Finance. The 27-year-old, who previously rented space in The Wee Gym, has acquired the business from its former owner, who was

The next stage for a potential visitor levy scheme in Aberdeen which would raise revenue to be used for improvements for the tourism sector in the city is to be developed.

JP Morgan has appointed Gillian Murray to run its dedicated private banking advisory team in Scotland. Ms Murray joins the US banking giant from RBC Brewin Dolphin where she was an investment director, before which she was at North Capital Management.

Barclays has become the new title sponsor for Scottish Women’s Football national leagues.