Search: financial focus

Two Scottish law firms Drummond Miller and Peacock Johnston have merged. The 11-strong Peacock Johnston team – six lawyers and five other staff – will join the Glasgow office of Drummond Miller, which has 14 partners and 100 other employees across five offices, including headquarter

Nearly 12,000 new businesses have been set up in Scotland since the start of the year, according to new research from insolvency and restructuring trade body R3. R3’s figures, which are based on an analysis of data provided by Creditsafe, reveal that 11,783 new businesses were set up in the na

Households and businesses are struggling to cope with the cost of living crisis and need urgent action from the UK Government, according to finance secretary Kate Forbes. With inflation reaching a 40 year high of 9% and forecast to rise higher, Ms Forbes has written to the Chancellor of the Excheque

Perth-based insurance giant Aviva has revealed that the proportion of insurance claims tainted with fraud increased by 13% in 2021. Aviva uncovered more than 11,000 instances of claims fraud last year, worth more than £122m. That is equivalent to detecting more than 30 bogus claims every day,

Scottish businesses were the least confident in the UK, although confidence remains in positive territory, according to a new survey by the Institute of Chartered Accountants in England and Wales (ICAEW) Business sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) for Scotland, publ

A ground-breaking study into the accountancy profession in Africa reveals 55% of accountants are optimistic about Africa’s economic prospects, but skill shortages, especially in the areas of technology and strategy are a major concern for respondents. ACCA (the Association of Chartered Certifi

Edinburgh-based hospitality tech firm ePOS Hybrid has smashed its latest pre-series A funding round after hitting a £500,000 goal within 15 minutes of going publicly live. Delighted bosses at ePOS Hybrid are now extending the crowdfunding opportunity, upping the target to a maximum of £2

Biotangents, an Edinburgh biotechnology business, has secured £2.2 million of new funding made up of £1.6m from the UK Government’s Innovate UK innovation loans programme and a further £600,000 from a funding round led by Kelvin Capital and Scottish Enterprise. The funding wi

The interim fees and expenses for FRP Advisory, the administrators of Dawnfresh Seafoods Ltd, have been revealed by a new Companies House filing. The document has revealed the administrators are authorised to draw an interim fee of £739,078.25 plus value-added tax for their time between Februa

Edinburgh is to host a major exhibition of work by Scottish artists and designers whose livelihoods were negatively impacted by the Covid pandemic.

Scottish businessman Sir Angus Grossart CBE has died aged 85 after a short illness. Noble Grossart bank confirmed its chief executive died peacefully at home on Friday with his family by his side. In a statement, Noble Grossart Bank said: “It is with profound sadness that we announce that

Yesterday, staff from Bank of Scotland-owner Lloyds Banking Group (LBG) held a demonstration outside the Group’s Annual General Meeting (AGM) in a pay dispute with the bank. Unite the Union members are angry that the 2022 pay arrangement has left many low paid bank workers fearing for their ec

FRP Advisory, the administrators of Debenhams, have made £5.3 million in fees in the two years since the company went into insolvency. The administrators’ report has highlighted that FRP partners’ charges had increased from £495-£595 an hour to between £595-£

The fintech business behind wine and spirits inventory funding platform Ferovinum has today announced its launch into the Scotch whisky industry, with an ambition to transform the way distillers, bottlers and brand owners fund their growth. Backed by institutional capital to deploy £100 millio

The Scottish National Investment Bank (SNIB) has a key strategic part to play in helping to deliver Scotland’s low carbon heating systems. A new insight paper, ‘Scotland’s transition to net zero heat’ released today sets out the bank’s role in tackling the issue and bui