Search: financial focus

The cost of doing business is in crisis mode and is undermining Scottish business recovery and growth, according to the latest findings from a Scottish business survey by the Scottish Chambers of Commerce (SCC). Rising prices of energy, food and raw materials, coupled with labour market insecurity a

Construction firms should assess the tax relief available to them for commercial building projects, according to Dundee-based EQ Accountants. Along with the recent increases in the cost of living, commercial building projects have seen significant increases in costs in terms of materials, transport,

Andrew Bailey, the governor of the Bank of England (BoE) has revealed that the bank is leaving "all options on the table", including a 50 basis-point interest rate increase in an attempt to fight back against rising inflation. Mr Bailey told an audience of global central bankers at the European Cent

Stagecoach has released preliminary results for the year ending 30th April 2022 showing positive signs of growth as demand has been recovering from the impacts of the pandemic. For the year ended 30 April 2022, revenue grew to £1,176 million from £928m the previous year and adjusted tota

Brian McBride has been elected as the new Confederation of British Industry (CBI) President at its Annual General Meeting (AGM) held yesterday. Lord Karan Bilimoria, the outgoing President, has been elected as the organisation’s vice-president.

Scotland's onshore GDP decreased by -0.5% in April, according to statistics announced by Scotland's Chief Statistician. Output remains above the pre-pandemic level of February 2020, by 0.6%.

UK Finance has called for cross-sector action as its latest fraud report revealed over £1.3 billion was stolen through fraud and scams.

Support for ‘greener’ pension schemes has been growing among UK savers with over two fifths of savers having shown support for the government's eco-friendly push, pressuring pension schemes to move away from investments driving deforestation.

EY has been fined $100 million (£82m) after its audit professionals were caught cheating in exams required for obtaining and maintaining their certified public accountant (CPA) licenses.

The British Business Bank has appointed Susan Nightingale to the role of UK network director for the Devolved Nations, leading the Bank’s activity in Scotland, Wales and Northern Ireland. Ms Nightingale has been with the bank since January 2020 following a career spanning both public and priva

With inflation having reached a 40-year high, fears of a recession have been all but confirmed, according to KPMG's latest UK economic outlook report.

The 2021-22 Provisional Outturn has been published detailing how the Scottish Government spent £47 billion on funding key public services to mitigate the impacts of the covid pandemic and help tackle the rising cost of living pressures. The remaining £650m of available funding has been c

More Scottish firms than ever are making the move to becoming owned by their staff, according to Douglas Roberts, a partner at law firm Lindsays. Lawyers at Lindsays have been involved in almost twice as many employee ownership deals across the country so far this year than they were in the whole of

Equity investment in Scotland’s smaller businesses reached record levels in 2021, with Edinburgh named as the largest UK hub for deal activity outside of London, according to the British Business Bank’s Small Business Equity Tracker. Published today, the research found a total of £

The Scottish Tourism Alliance (STA), the representative body for Scotland’s tourism industry, has published the results of its research into the recovery of the sector, revealing that summer and forward bookings are down and almost 40% of businesses have reported a decrease in spending in sin