Search: financial focus

Plans to end Covid protections for commercial tenants could trigger a spate of tenant insolvencies, a restructuring expert at Azets has warned. The remaining restrictions on winding up petitions for the pursuit of unpaid commercial rent will be removed from 1 April 2022. The current 14-week irritanc

The rising cost of living is having a detrimental impact on savings across Scotland, according to a new report by Accenture. The survey of 184 adults in Scotland found that almost two-thirds of respondents (65%) said the rising cost of living had impacted their ability to save money, while over a th

Jason Morris has been appointed regional leader for PwC in Scotland, replacing Claire Reid, who is leaving the role to become UK head of forensics. Mr Morris is a transaction services partner, based in Edinburgh, where he leads the 80-strong Deals practice.

Almost half (45%) of British firms have reported difficulties adapting to changes in rules for buying or selling goods brought about by the UK-EU Trade and Cooperation Agreement (TCA).

Glasgow Prestwick Airport has delivered an encouraging performance over the last 12 months, with total operating profit before exceptional items at £0.5 million. The business has shown a steady improvement in performance since the 2016/2017 accounts when operating losses stood at £7.8m.

Businesses in the Highlands and Islands continue to be challenged by increasing costs, economic uncertainty and supply chain issues, according to the latest business panel survey undertaken by Ipsos MORI for Highlands and Islands Enterprise (HIE). More than a thousand businesses in the region were c

The Aberdeen Standard Equity Income Trust PLC, a company managed by abrdn, has seen its Net Asset Value total return rise by 39.8% in the year ended 30 September 2021. By contrast, the reference index for the company, the FTSE All-Share Index, delivered a total return of 27.9% placing the compa

Ross Stupart, tax partner and RSM UK’s office managing partner in Edinburgh, outlines his expectations for the Scottish Budget set to be announced tomorrow. Hot on the heels of the UK Autumn Budget on 27 October 2021, the Finance Secretary Kate Forbes will deliver the Scottish Budget on 9 Dece

The efforts undertaken to tackle fraudulent applications to the Bounce Back Loan scheme have been deemed "inadequate" by the National Audit Office (NAO). According to a new report, 'The Bounce Back Loan Scheme: an update', counter-fraud activity was "implemented too slowly to prevent fraud effective

Perthshire-based law firm Macnabs has announced a series of appointments as it celebrates the opening of its new office in Bridge of Allan this month. The firm has appointed partner Rachael MacDonald, and has promoted Sarah Mitchell who will also take up the position of partner within the firm.

Stronachs LLP has appointed Stuart Murphy as its first chief operating officer (COO) as the full-service, independent law firm gears up to meet its ambitious plans for growth. Mr Murphy will be responsible for leading operational and financial management at the firm and will oversee Stronachs’

Azets, the accountancy firm specialising in the SME sector, has appointed family business expert Norma Stewart as an accounts and business advisory services partner based in the firm’s Glasgow office. Norma Stewart has over 30 years’ experience advising family businesses and their owners

Anderson Anderson & Brown (AAB), the tech-enabled business-critical services group, has announced a merger with Leeds-based independent accountancy firm Sagars to expand its UK regional presence in line with its ambitious growth plans. The two firms are on track to deliver a combined £40m+

New research from audit, tax and consulting firm RSM has revealed that business leaders are not familiar with Environmental, Social and Governance (ESG). For those who are, nearly a quarter (24%) are not making any attempt to measure the potential impact that their ESG goals might have on the enviro

Businesses in Scotland have continued to benefit from the easing of COVID-19 restrictions and a strong economic rebound over the summer months, according to the Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator (QEI). The QEI for the third quarter of 2021 indicates strong growth acros