Search: financial focus

Tesco has no plans to sell its Edinburgh-based banking arm despite it continuing to 'act as a drag'. The supermarket giant made a pre-tax profit of £551 million in the first half of this year, marking nearly a 29% increase compared on the same period in 2019, on revenue of £28.7 billion,

The world's wealthiest individuals increased their wealth by a quarter during the coronavirus crisis, according to a new report by Swiss bank UBS and Big Four accountancy firm PwC. 

After almost three years as CEO of FinTech Scotland, Stephen Ingledew is to move to the role of executive chair. Mr Ingledew will take up his new role in November, he will remain very much involved with the strategic leadership of FinTech Scotland and the move to executive chair will enabl

Blair Nimmo, head of restructuring at KPMG in Scotland, discusses the landlord-occupier tensions during the coronavirus pandemic. Tensions between commercial landlords and their financially stressed tenants continue to grow, and how landlords respond will be critical to the recovery not only of

Construction companies, engineering firms and other businesses active in the infrastructure sector stand to lose out on funding, investment and major government contracts around the world unless they take a more active role in the fight against climate change. A growing imperative for infrastructure

National homeless charity Bethany Christian Trust has been awarded a grant of £100,000 by Barclays to help serve 3,000 households through Scotland with emergency supply packs including items such as food, toiletries and cleaning products. In April, Barclays announced a £100m Co

Homes for Good (HFG) has secured £3 million of investment from Big Issue Invest (BII). The investment allows early stage investor Impact Ventures UK (IVUK) to successfully exit three years early.

Self Assessment customers can apply online for additional support to help spread the cost of their tax bill into monthly payments from yesterday without the need to call HMRC.                                   

The government of the British Virgin Islands has officially committed to introducing public registers of the real ownership for companies incorporated in the territory. The announcement comes after years of tax evasion and money laundering scandals in which shell companies incorporated in the Britis

Scotland’s economy has recovered half the fall in GDP which followed the implementation of the coronavirus lockdown, but may still not return to pre-pandemic levels until the end of 2023, according to the latest State of the Economy report.  The report, published by the Scottish Governmen

The Association of British Insurers (ABI) has launched Mental Health Standards to provide better support for customers with mental health conditions when applying for health, travel or protection insurance. Customers can often face too many barriers when trying to access the service sector, especial

New data collected by Equifax has found that 40% of people living in Scotland feel worse off financially due to the coronavirus lockdown.

The announcement that the UK Budget will be delayed until 2021 – with an expectation it will be in March – combined with the expected dissolution of the Scottish Parliament ahead of the elections in May next year, could leave MSPs with just a couple of weeks to agree on Scotland’s

Scotland's finance secretary Kate Forbes has said that the chancellor's Winter Economy Plan announced yesterday does not go far enough to protect jobs. While Ms Forbes welcomed some of the measures announced by the UK Government, she said that the details of the economic plan would not provide the s

The Scottish Government's Autumn Budget Revision (ABR) for 2020-21 has brought the total amount committed to dealing with the coronavirus pandemic to more than £6.5 billion. Yesterday, the government announced that it has allocated a further £2.5bn in response to COVID-19.