Search: financial focus

Another obstacle has appeared for EY's breakup proposal after a London High Court judge told the firm's UK arm it must give notice of four weeks to NMC Health's administrators on whether a split will go ahead.

The UK government has announced that the maximum jail sentence for tax fraud will double from seven to 14 years for the most "egregious" forms of evasion. The Treasury announced the change in last week's spring budget and said it will consult on the introduction of a new criminal offence for pr

Revenue from property taxes in Scotland has collapsed this year according to analysis of the latest statistics by property firm DJ Alexander Ltd. The firm said that income from the Land and Buildings Transaction Tax (LBTT) on residential sales collapsed at the start of the year with the first two mo

Glasgow City Council's wholly owned subsidiary City Property Glasgow has secured a £210 million investment, from Phoenix Group and abrdn, to support the council’s recently settled equal pay liability.

Prax Exploration & Production has reached an agreement to acquire North Sea oil firm Hurricane Energy in a deal worth £249 million.

Professional accountants must help drive the migration to sustainable economies and businesses by becoming experts in green finance, according to the latest report from ACCA (the Association of Chartered Certified Accountants) — Green finance skills: the guide.

The launch of the Scaling Up Summit, taking place later this month in Edinburgh, has been announced as part of a partnership between The Scottish National Investment Bank, The Times and The Sunday Times.

Ken Pattullo and Kenny Craig, partners at Begbies Traynor, were appointed as joint liquidators of the Highlander Hotel Ltd which traded as the Lomond Hills Hotel in Fife, on 6 March 2023. Located at the foot of the Lomond Hills in Freuchie, Cupar, the eighteenth century converted coaching inn dates

Nick Pollard, Group Finance Director of the Link Group, writes here in his personal capacity. Is the social housing insurance market on the verge of collapsing, what will this mean and what are the solutions?

Housebuilder Persimmon has told investors that its margin and profits will be lower than last year due to a marked decrease in completions. In its final results for the year ended 31 December 2022, the company said that while it is too early to assess a full year sales rate, should current rate

Michael Reid, managing partner, Meston Reid & Co, discusses the ways to deal with an overdrawn director's loan account in the case of insolvency. As the number of formal insolvencies begins to increase and there are signs that recessionary pressures in 2023 will witness a further wave of company

Scotland has seen the UK’s largest number of smaller business equity deals in net zero sectors outside of London, according to new research released today by the British Business Bank. The Bank’s Small Business Finance Markets 2022/23 report found that Scotland accounted for 14% of net z

Edinburgh-based Capital Credit Union (CCU) is offering football fans an interest free loan to buy their season tickets, in the first scheme of its kind in the UK. CCU has partnered with Hibs to offer the club’s fans an ethical, interest free loan to help spread the cost of supporting their tea

Parents saving for their children’s future in cash could need to put away thousands of pounds extra for big-ticket items compared to investing through a typical stocks and shares Junior ISA (JISA), a new study by Scottish Friendly and the Centre for Economics and Business Research (Cebr) has f

Livingston-based The Edinburgh Driveway Company has been acquired by Scottish-based UK and internationally operating construction and property business Edison Group for an undisclosed sum. The Edinburgh Driveway Company, which operates throughout central Scotland and Ayrshire, provides a complete ra