Search: financial focus

Jackie Fraser, Inverness-based partner at accountants Chiene + Tait, details the reopening of Scotland's tourism sector after the coronavirus lockdown. Tourism is one of Scotland’s most important and fast growing sectors contributing over £11bn to the nation’s annual GDP. Last year

In light of recent updates from the US on new tariffs applied to $3.1billion of European goods, of which Scotch Whisky is included (already with a 25% tariff), Niall Brown, senior portfolio director of Braeburn Whisky comments on how this will impact whisky cask investment and why it could be b

Burness Paull has completed a multi-million-pound fundraising round which saw the firm's top equity partners double their capital stakes to £300,000. Partners chose to inject the cash into the business instead of raise bank borrowings, The Lawyer reports. The firm has also reduced its monthly

The Scottish Chambers of Commerce (SCC) has called for VAT to be cut in the hospitality and tourism industry to help businesses who have been hit the hardest by the coronavirus pandemic.

Paul Dounis and Matthew Haw of RSM Restructuring Advisory LLP, the joint administrators of Jablite Limited and Styropack (UK) Limited have saved 155 jobs in Aberdeen after completing a prepack sale of the business and assets of both companies.  Mr Dounis and Mr Haw were appointed join

The British Chambers of Commerce (BCC) has called for “swift, substantial and immediate action” to bolster the economy, as its Quarterly Economic Survey (QES) found that UK economic conditions deteriorated at an unprecedented rate in the second quarter of 2020.

Lloyds Bank has announced plans to move further into wealth management and insurance services in its next strategy update.

More employees will become owners of the companies they work for as firms seek to ensure greater resilience in the wake of the coronavirus crisis, according to Lindsays lawyer Douglas Roberts. Mr Roberts has advised on more than 10 Employee Ownership (EO) deals which have been completed in the

Zumo, the Edinburgh-based cryptocurrency wallet and exchange platform, has taken its first step towards the creation of a seamless fiat-to-cryptocurrency payments system with the launch of a sterling (GBP) functionality, powered by Modulr, the digital payments platform. From mid-July, the partnershi

The Financial Conduct Authority (FCA) is seeking views on establishing a new prudential regime for UK investment firms.

A scheme aimed at encouraging SMEs to switch from Royal Bank of Scotland to other lenders has been extended to help struggling firms during the coronavirus pandemic. The deadline for the Incentivised Switching Scheme (ISS) has been extended to the end of February 2021, whilst a further 200,000

The Scottish economy is now in its deepest recession in living memory, according to the latest Economic Commentary by the Fraser of Allander Institute at the University of Strathclyde.

Aberdeen Standard Investments (ASI) has launched a new fund which seeks to generate strong long-term performance by allocating capital to companies which demonstrate strong management of their environmental, social and governance (ESG) risks and opportunities. The Aberdeen Standard SICAV I - Gl

Spending on non-essential items improved in May signalling an increase in consumer confidence, according to the latest data from Lloyds Bank.

The business and accountancy profession is facing increasing operational challenges, thanks to the expanding social and economic impact of the coronavirus pandemic, according to the Association of Chartered Certified Accountants (ACCA)'s new global COVID-19 survey.