Search: financial focus

The closure of courts due to the coronavirus lockdown led to a complete halt in the prosecution of high-value fraud cases in Scotland during the first half of 2020, according to data from KPMG. The firm’s bi-annual Fraud Barometer measures fraud cases with losses of £100,000 or more reac

Lochalsh & Skye Housing Association has received a loan of £4 million through a charitable bond arranged by Allia C&C.

Scotland’s universities support over 72,900 jobs and add £4.6 billion to the Scottish economy, according to new analysis from Hatch Regeneris for the University and College Union (UCU). The analysis found that between them, Scotland’s universities directly employ 36,850 p

Lloyds Banking Group, the owner of Bank of Scotland, has posted a £602 million pre-tax loss for the first half of this year, as the bank set aside £2.4 billion for bad loans. António Horta-Osório, chief executive of Lloyds, said that the coronavirus pandemic had a "profound

The coronavirus pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering $9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments

Rackit, a North Ayrshire-based storage and handling solutions business, has secured a £1 million funding package from Royal Bank of Scotland to help support the business during the coronavirus pandemic. The CBILS loan will assist with cash flow which has been severely impacted by supply chain

Scott James & Associates, an appointed representative of St. James’s Place Wealth Management, based in Aberdeen’s west end, as appointed Ross McDonald as adviser and Ceri Greer as administrator. In addition, Callum Robertson has been promoted to the role of practice manager as a &ldq

Pensioners have resisted the temptation to access their pension pots during lockdown, according to new data from the Association of British Insurers (ABI).

A new £4 million funding stream for the independent museums sector to help bolster resilience following the coronavirus pandemic has been announced by culture secretary Fiona Hyslop. The Museums Resilience and Recovery Fund will provide support for Scotland’s museums and galleries and wi

Businesses across almost all sectors in Scotland are experiencing further distress despite the support schemes implemented by the government to help combat the economic impact of the COVID-19 outbreak, according to insolvency firm Begbies Traynor.  The country’s beleaguered hotels, bars a

Fife-based vending solutions firm, Ideal Vending and Coffee Services Limited, has secured a £55,000 CBILS funding package from the Royal Bank of Scotland to safeguard the future of the business following the coronavirus pandemic.   Specialising in the supply of all vending solutions,

Worries over personal finances have decreased for the first time since the lockdown restrictions were implemented in the UK, according to a new survey conducted by Growth For Knowledge (GFK)

Investing in the Scottish property market will cost up to £26,250 more than England following the recent changes to stamp duty, according to property management firm Apropos. The firm believes that second home buyers, property investors and landlords will be more likely to invest in England as

New research from Rettie & Co has revealed that Land and Buildings Transaction Tax (LBTT) returns were up 1.2% in 2019/20. The firm has also found that LBTT revenues had increased by 10% from the previous year, however, the future remains uncertain due to the severe impact of the coronavirus cri

Neil Coutts, head of the cyber and technology risk capability for KPMG in Scotland, discusses some of the long-term cybersecurity challenges facing Scottish businesses as more people look to work from home in the future. Scotland’s lockdown may be easing, but there’s a growing accep