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Finance

Smart Data Foundry reveals unequal impact of shifting interest rates

Published 20 hours ago

New research from Edinburgh’s Smart Data Foundry has revealed the significant impact of bank rate rises on consumer finances in Scotland.

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Company insolvencies down 16% in Scotland

Published 3 days ago

Scottish company insolvencies have declined by 16% since last year, but experts say overall volumes will remain high for some time to come.

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Labour to raise CGT on shares while protecting buy-to-let and second homes

Published 4 days ago

Chancellor Rachel Reeves is expected to increase capital gains tax (CGT) on the sale of shares and other assets, but will leave the rate on second homes and buy-to-let properties unchanged.

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Scotland sees growth in equity deals among smaller businesses

Published 4 days ago

Equity deal activity involving smaller businesses in Scotland picked up during the first half of 2024, one of only two parts of the UK to experience a year-on-year increase after a difficult 2023, according to new research from the British Business Bank.

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Scottish female-led companies set to leverage £4.5m funding

Published 4 days ago

Investing Women Angels (IWA) has announced it will back a series of investment rounds over the next four months that is set to raise more than £4.5 million for four female-founded companies in Scotland.

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Entrepreneurs say raising capital gains tax wouldn’t stop them investing

Published 4 days ago

Increasing capital gains tax (CGT) will not lead to lower investment, slower growth or reduced entrepreneurship, according to analysis from the Institute for Public Policy Research (IPPR).

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Abrdn calls for immediate stamp duty cut on FTSE 250 shares

Published 4 days ago

Global investment company abrdn is calling for urgent measures to be brought in to protect and support listed smaller companies in the UK – including immediately abolishing stamp duty on FTSE 250 shares.

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Thorntons Wealth’s assets near £1bn following Robson Macintosh deal

Published 4 days ago

Dundee-headquartered Thorntons Wealth Management, with offices in Aberdeen and Edinburgh, has acquired Edinburgh-based financial planning firm Robson Macintosh.

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Johnston Carmichael partners with Mountside Ventures to support new VC talent

Published 4 days ago

Johnston Carmichael has partnered with European accelerator and early-stage advisory firm Mountside Ventures to empower emerging VC managers and bolster the fundraising system.

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Three PE firms eye Grant Thornton UK for potential £1.5bn buyout

Published 5 days ago

Grant Thornton UK has attracted interest from several private equity firms.

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UK CPI inflation drops below 2%, but rebound expected

Published 5 days ago

UK inflation fell to 1.7% in September, dropping below the Bank of England’s 2% target for the first time since April 2021.

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SRC: £13m potential business rates hike for Scots shops

Published 5 days ago

A new analysis from the Scottish Retail Consortium has suggested shops in Scotland could see a £13 million hike in their business rates bills from April.

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Azets: Radical tax changes could impact wealth creation and cost the Treasury more money

Published 5 days ago

An Aberdeen tax expert has warned that potential drastic changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT) as part of Labour’s Autumn Budget could stifle wealth creation and cost the Treasury more than it hopes to generate.

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Highlands firm Kennedy Accountancy scoops top honours at UK Accounting Excellence Awards

Published 5 days ago

Kennedy Accountancy, a firm based in Auchtertyre, Lochalsh, has won two awards at the 2024 Accounting Excellence Awards.

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CJ Lang & Son shares cautious outlook as pre-tax profits grow 8% to £4m

Published 5 days ago

Dundee-based SPAR wholesaler and convenience retailer CJ Lang & Son Ltd has reported a 14.2% rise in net turnover to £253 million and an 8% increase in pre-tax profits to £4m for the year ended 28 April 2024.

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