Search: financial focus

The UK economy grew by 0.4% in August, according to the latest figures from the Office for National Statistics (ONS).

An additional £450,000 has been made available as part of Scotland’s Events Recovery Fund to help the return of events across the country.

The UK Government has introduced legislation designed to support small businesses following the end of restrictions on winding up petitions on 30 September, writes Joanne Gillies, partner at Pinsent Masons. The Corporate Insolvency and Governance Act 2020 (CIGA) introduced in June 2020 restrict

Melrose-based developer Rural Renaissance Limited (RRL) has broken ground on a new 14-flat retirement complex in the town centre, with support from Bank of Scotland.

Partners at KPMG have voted to receive lower pay packets than partners at rival firms, opting to reinvest more profits back into the company. KPMG's UK partners have agreed to reduce the minimum level of profits distributed to partners from 90% to 75%.

Martin Gilbert is set to be awarded about £5 million worth of shares for nine months’ work as chairman at his new company, AssetCo. Deputy chairman Peter McKellar is set to receive around £4m worth of shares under the same allocation plan announced by the firm last week.

Wheatley Group has appointed Caroline Gardner and Eric Gibson to its board. Ms Gardner has joined as a non-executive director and chair of the Group Audit committee while Mr Gibson becomes chair of Loretto Housing Association and Lowther.

Chartered accountancy firm Henderson Loggie has welcomed the latest recruits to its trainee programme, providing a diverse group of 13 new-starts with the opportunity to achieve professional qualifications while gaining on-the-job experience.

Link Group's sustainability commitments have enabled it to become the first Scottish social housing provider to access a ground-breaking £80 million funding deal from Scottish Widows. Borrowed on a 30-year term, the environmental, social and governance (ESG) linked loan is

The 7.5% rise in VAT – which takes effect on Friday - will hit the hospitality industry, slow the recovery and even trigger permanent closures, according to Scott Craig, partner and head of VAT at accountancy firm Azets. The original cut, from 20% to 5%, came into effect on 1 July 2020 but fro

With the number of Scottish fintech SMEs having grown by more than 50% during the 18 months of the pandemic, chartered accountants Wylie & Bisset is urging these early-stage firms to explore the range of funding and commercialisation opportunities at their disposal. Wylie & Bisset partner An

The Hebridean Housing Partnership (HHP) has secured a £25 million funding package from the Royal Bank of Scotland to support its current and future operations in some of Scotland’s most remote communities.

Businesses emerging from the Covid-induced cocoon of furlough payments used to retain their workforce since the pandemic struck are now facing the cold wind of scrutiny as HMRC gears up to claw back any cash that may have been handed over in error, writes Christine Rolland, forensic accounting

Annual house price growth eased back to 10.0%, from 11.0% in August, according to the latest Nationwide House Price Index.

Business confidence in Scotland rose five points during September to 39%, the second consecutive month of growth, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Scottish firms reported higher confidence in their own business prospects month-on-month, up 14 point