Search: financial focus

Deloitte UK and Switzerland have announced its 12.9% revenue growth in Scotland as part of an increase in overall revenue by 10.9% to £3.97 billion. The company has revealed it has increased its revenue by 10.9% in the year ended 31 May 2019, from £3.58 bn in 2018 to £3.97bn, as th

Royal Bank of Scotland has been ordered by the Competition and Markets Authority (CMA) to appoint an independent body to audit its payment protection insurance (PPI) processes. The watchdog announced action against RBS and Santander over failures to comply with a requirement that customers receive a

M&G Prudential has today announced that its five-year digital transformation plan will reduce its staff numbers by 84.

The University of Glasgow has agreed to pay back £20 million after revelations that it benefited from the slave trade.

The value of major fraud cases going through the Scottish courts has declined, according to the latest data from KPMG’s Fraud Barometer, which analyses alleged fraud worth more than £100,000. Four cases were heard in Glasgow, Edinburgh and Paisley in the first half of 2019, down from nin

East Kilbride-based engineering consultancy firm Grossart Associates has moved into employee ownership. 

Calls to raise the state pension age to 75 will prevent many Scottish people from being able to retire, Age Scotland has warned.

The UK state pension age should be increased to 75 by 2035, an influential think tank linked to the Conservatives has said. The right-wing Centre for Social Justice (CSJ), set up by former Conservative leader and work and pensions secretary Iain Duncan Smith, said the UK is "not responding to the ne

A tourist tax in the Highlands could raise up up to £10 million per year for the region, according to council officials. 

The Co-operative Bank has posted half year results showing that it narrowed its losses in the first six months of the year, but warned that profitability is under pressure in the mortgage market. The bank recorded an operating profit of £14.9m, compared with an £84m loss in 2017.

Sixteen UK construction bodies have written to the British Government to share serious concerns regarding the implementation of reverse VAT charges which are due to take place on 1st October, and have called for a delay in implementing the new rules.

The SNP has ramped up pressure on the government to take steps to prevent corporate money laundering in their response to the UK government consultation on corporate transparency and register reform.

Fife fintech company PaySend which specialises in international transfers has closed its latest crowdfunding drive after more than doubling its target. The crowdfunding effort, launched with platform Seedrs, saw Kirkcaldy-based PaySend aim to raise £4.26 million for a 3.3 per ce

Welcome to the latest round-up of activity from the last four weeks in Scotland’s dynamic commercial property sector. For sponsor or advertising opportunities contact Jeff Anderson on 01292 479 443 or email jeff@scottishnews.com.  

In a further sign that low interest rates are the new normal, Virgin Money has expanded its mortgage proposition by launching a new range of long term fixed rate residential and buy-to-let products, offering borrowers interest rate certainty for up to 15 years. The new products come with the same fl