Search: financial focus

NatWest Group, formerly known as RBS Group, has been named as the banking sponsor of next year’s COP26 climate summit in Glasgow. The banking group said its sponsorship would demonstrate "its ambition to champion the fight against climate change by playing an active role in the transition to a

The Financial Reporting Council (FRC) has today launched a consultation on the proposed revision of a practice note (PN) on the audit of housing associations in the United Kingdom.

RSM has called on Chancellor Rishi Sunak to urgently consider a 12-month delay to the introduction of HMRC’s preferential creditor status as it will both limit funding and restructuring options for Scottish businesses.  The audit, tax and consultancy firm believes that the change, due to

Landlords, small business owners, investors and second-home owners are facing a rise in tax after a review ordered by Chancellor Rishi Sunak.   The chancellor is considering proposals by the Office of Tax Simplification (OTS) to reform capital gains tax to help pay for the Covid-19 pandemi

The UK is facing a 'new and unprecedented debt crisis' in the wake of COVID-19 as the number of people affected by coronavirus who are in severe problem debt has risen to 1.2 million, according to a new report by debt charity Step Change. Step Change's Tacking the Coronavirus Personal Debt Crisis re

Black heritage business leaders have shared their personal stories of challenge and triumph in a KPMG UK event aimed at inspiring Scotland’s future business leaders. Despite ongoing COVID-19 restrictions, KPMG’s African & Caribbean Network in Scotland pushed ahead with their second a

Wealth management firm Brewin Dolphin, which has offices throughout Scotland, has appointed Toby Strauss as its new chairman and non-executive director. Mr Strauss will take up his new role at the conclusion of the company’s AGM on 5 February 2021. At the same time, Simon Miller will

Zumo, the Edinburgh-based cryptocurrency wallet and exchange platform, has announced four female appointments in key roles and a total of seven new team members, taking the team to 24 with recruiting still open for another five new roles. Amelie Arras joins Zumo’s marketing department during a

Peter Graham, director, forensic accounting at MHA Henderson Loggie, discusses the lessons which can be learned from Johnny Depp's libel action. Last week the newspapers reported the judgement in the case of Johnny Depp’s libel action against News Group Newspapers.

Scottish Widows is preparing to scrap £440 million of investments in firms that don't meet its stricter environmental, social and governance standards. The pensions firm has begun the process of divesting £440m of its holdings in firms that it believes pose “the most seve

Four in ten people across Britain are keeping money secrets from their loved ones, according to a survey conducted by the government-backed Money and Pensions Service (MaPS).

Anderson Anderson & Brown (AAB) has announced that the revenues generated by the firm’s VAT team have almost doubled in the last three years to £750,000. The firm has consistently grown year on year for the last 30 years, due to the diverse and comprehensive services it offers client

Dozens of staff at the Edinburgh office of pensions giant Phoenix Group will be made redundant as the firm announced 60 jobs will be cut in March. Phoenix told staff in a video call with senior bosses Stephen Percival and Andy Moss on Monday that cuts would be made in the actuarial service team.

Finance secretary Kate Forbes has welcomed Chancellor Rishi Sunak's 'long overdue' announcement that the Job Retention Scheme will be extended until March 2021. The Coronavirus Job Retention Scheme (CJRS) will now run until the end of March with employees receiving 80% of their current salary for ho

Grant and investment funding of almost £25 million has been committed to 90 innovative, early-stage businesses in Scotland whose growth ambitions were impacted by the onset of the COVID-19 pandemic. The awards have been made via the Early Stage Growth Challenge Fund, part of a £38m packa