Search: financial focus

Barclays has revealed that its profits for the first quarter of this year have more than doubled from last year to £2.4 billion. In the first three months of 2020, Barclays's profits stood at £0.9bn.

Iain Penman, senior associate at Brodies LLP, discusses fiduciary duties and why they may still apply after a director resigns. Did you know that a director's fiduciary duties can still apply, even after they have resigned? This was the situation in the recent case BVI case of Byres v Chen ) where a

Tim Cooper, chair of insolvency and restructuring trade body R3 in Scotland, has said that the low levels of corporate and personal insolvencies in Scotland over the last year cannot last forever.  The number of corporate insolvencies (liquidations and receiverships) in Scotland fell by 31

activpayroll, the global payroll and tax compliance specialist headquartered in Aberdeen, has appointed David Deacon as its chief people officer. Mr Deacon has had a very successful career as a leader in the Human Resources profession and brings over 30 years of international HR experience to t

TSB is launching 19 new pop-up services in communities across Scotland to support customers with their banking needs such as making payments, getting help with products and services, and assistance with bereavements. A trial of the concept will see the first five opening this week in Alford, An

Stormcloud Games, the award-winning independent games studio based in Dundee, has secured a seven-figure investment from Chroma Ventures, the investment arm of 4J Studios. The investment will allow the studio to start the development of its latest game ideas.

Edinburgh-based UK private bank Hampden & Co has launched self-build mortgages for clients who are acquiring land and building a new residential home, or who are significantly refurbishing an existing home. Loans for self-build projects are available from a minimum of £750,000 to a maximum

Iain Penman, senior associate in litigation at Brodies LLP, explains the advantages and disadvantages of a Minimal Asset Process (MAP) bankruptcy in Scotland. Bankruptcy, or sequestration as its often called in Scotland, is governed by the Bankruptcy (Scotland) Act 2016 and is available to people, p

More than one in five high growth companies in Scotland is founded, led or managed by women – the highest proportion in the UK, according to a new report by JP Morgan Private Bank.

The number of new tech companies being set up in Scotland rose by 12% in 2020 according to new analysis by audit, tax and consulting firm RSM. In total, there has been 545 tech businesses incorporated in 2020 according to data held by Companies House, a 12% increase compared with 485 in 2019. Scotla

activpayroll, the global payroll and tax compliance specialist headquartered in Aberdeen, has announced the launch of its first English office in the city of Manchester. The firm said the latest opening will be a significant addition to the firm’s current global offering which already boasts n

Small businesses expect a long, slow road to recovery to pre-pandemic levels of trading, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN). The gloomy prediction emerges from the SME Tracker, which surveys accountants abou

In a major review of the UK audit sector, the Institute for Public Policy Research (IPPR) has identified glaring deficiencies in how the sector is assessing firms’ finances and governance, leaving the door open to more costly Carillion-style business collapses.

Claire Massie, Pinsent Masons head of banking & restructuring in Scotland, reveals how businesses will need to alter their operating model in an attempt to fight climate change. Climate change will require businesses in all sectors to reassess and change their operating model as part of the tran

The UK is leading the way across Europe in preparing for the adoption of an interbank digital currency, and is fifth in the world. However, a consumer offer remains some way off, according to new analysis by PwC.