Search: financial focus

Energy regulator Ofgem has ordered electricity generator Dorenell Windfarm Limited (DWL) to make a payment of £5.53 million following a breach of energy market rules. Following a period of engagement with Ofgem, DWL, who generate electricity in Northern Scotland, will pay £5.53m into Of

Equity investment in Scotland’s smaller businesses nearly halved last year but was still ahead of the UK average and on track to record the third highest annual figure in the last decade, according to new research from the British Business Bank. The Bank’s Small Business Finance Markets

Savills has raised record £71 million from the sale of 350 lots at its first-ever two-day live-streamed auction on 27 and 28 February. The auction achieved 74% success rate. The auction showcased a surge in demand for higher value lots, with 13 lots selling for over £1m. Savills has

The small proportion of women running companies in Scotland must be addressed as a matter of urgency, Wellbeing Economy Secretary Màiri McAllan has told business leaders. Addressing Edinburgh Chamber of Commerce’s Annual Business Awards, Ms McAllan said the fact that only just over one-

Entrepreneurial champion Dr Andy Campbell has been appointed as chair of Young Enterprise Scotland. He will take over from long-standing chair Bill McDonald, who has completed six years in the role, on 13 March.

The latest iteration of PwC’s Women in Work Index sees Scotland rise two places to rank top of the UK’s nations and regions. First launched in 2011, the Index is a weighted average of five indicators that reflect women’s labour market outcomes and assess progress made towards achie

Businesses have judged the UK tax regime negatively for its impact on four key economic issues – business growth, innovation, sustainability, recruitment and retention – according to the latest Azets Barometer. The UK scored an average of below 5 (on an optimism scale ranging from zero t

Continuing from last week's blog, Michael Reid, a licensed insolvency practitioner and managing partner of accountancy firm MHA, discusses common questions faced by directors seeking advice, addressing topics such as buying company assets during liquidation, the court-driven nature of the proce

ESPC has announced the launch of the third season of its podcast The ESPC Property Show, with the first episode launching on Thursday. Hosted by ESPC’s CEO Paul Hilton and Megan Milne, the third season of The ESPC Property Show is packed with episodes tailored to buying, selling, owning, and m

Ahead of the introduction of the Employment (Allocation of Tips) Act 2023, known as the Tipping Act, in Scotland, accountant Matthew Hutton outlines the necessary steps for hospitality businesses to ensure fair distribution of tips to qualifying employees and agency workers in compliance with the ne

Scottish businesses and their employees are paying millions in extra tax for fossil fuel powered company vehicles when a switch to Electric Vehicles could save ‘breathtaking’ amounts, according to a Scottish company tax expert who will showcase the benefits at seminars being held next we

Bus company McGill’s has announced it will significantly increase the scale of its partnership with global travel tech company FlixBus this year.

J.P. Morgan Private Bank has announced it is expanding its footprint in Scotland with the addition of a new team of dedicated advisors in Edinburgh. The new team of dedicated advisors will join the existing team based in Edinburgh and will provide wealth management services to individuals, family of

In this edition of our Just A Minute Q&A series, we speak to solicitor and businesswoman Emma King, director of Complete Clarity Solicitors, Simplicity Legal, and Onwards Answering. For no identifiable reason, since no one in my family knew anyone who was a lawyer, I decided at primary

In a recent fundraising drive, Scottish Friendly employees participated in the Three Peaks Challenge and Boycott Your Bed, collectively raising £25,901 for Action for Children. Additional festive activities, including a Bake Sale and Christmas Jumper Day, were organised, alongside the donation