Search: financial focus

A former accounts manager at a non-profit affiliated with a medical school has pleaded guilty to embezzling almost $13 million. Florida man Ralph Puglisi, 59, faces a jail term of up to 20 years, The Tampa Bay Times reports. He worked for the University of South Florida's medical service association

Balfour Beatty has agreed the sale of three UK assets from its Infrastructure Investments portfolio including the Aberdeen Western Peripheral Route (AWPR) and the Woodland View Hospital in Irvine.

North Star Shipping, Britain’s largest offshore emergency response and rescue vessel (ERRV) operator, has secured a new £40 million finance package from Bank of Scotland as it pursues growth in its North Sea operations. The term loan and revolving credit facility puts in place long term

A Bank of England (BoE) official has warned that up to half of the £45 billion in loans issued to UK businesses under the bounce back loan scheme could go bad. Sam Woods, chief executive of the Prudential Regulation Authority (PRA), warned that UK taxpayers faced a 'significant loss' from the

The joint venture behind the delivery of a build-to-rent neighbourhood on the site of the former Strathclyde Police headquarters in central Glasgow has secured £80 million of debt funding to finance its construction.

A Scots duo have unveiled an ambitious venture to launch a new rum portfolio from Scotland this spring. The new company, Harpalion Spirits, is financially backed by entrepreneur Richard Dixon (who sold his successful Vets Now chain in 2018) who is the chairman, and is led by chief executive Claire K

A record number of Bitcoin ATMs were set up last month, with 1,120 new machines installed across the world.

Coffeepots, a Costa Coffee franchise in Cumbernauld, is resuming plans to build the town's first drive-through coffee shop after securing a £600,000 financing facility from HSBC. Coffeepots, owned by Pat Dunese and Colin Wilson, expects to create 25 new jobs when the latest outlet opens e

The Scottish National Investment Bank (SNIB), Scotland's state investment bank, is set to launch before December this year. 

Big Four accountancy firm KPMG is expected to garner £16 million in fees for its handling of the administration of property empire Intu the former owner of the Braehead complex near Glasgow.

Gillespie Macandrew has secured over £2m of emergency funding for business clients in the last month. The firm’s banking and finance practice has advised on a number of government-backed emergency loans designed to help SMEs remain afloat during the coronavirus pandemic. The support has

Scottish law firm Gillespie Macandrew has secured over £2 million of emergency funding for business clients in the last month. The firm’s banking and finance practice has advised on a number of government-backed emergency loans designed to help SMEs remain afloat during the coronavirus p

The Financial Conduct Authority (FCA) has confirmed that payments on credit card, personal loans and other revolving credit products will remain frozen for a further three months for those who are still experiencing temporary payment difficulties due to coronavirus.

Jim Tucker, David Pike and Mike Pink from KPMG’s restructuring practice have been appointed joint administrators of retail property company Intu Properties plc, the owner of the Braehead complex near Glasgow. The retail landlord had been in financial restructuring talks with lenders all of las

Former Scottish gangster Hugh Collins has challenged Edinburgh Zoo over the sale of his gorilla head sculptures.