ScottishNews.com

Finance

AAB holds top spot in Experian M&A rankings for second year

Published 1 day ago

AAB has again has retained its position as top financial adviser in Scotland with 20 deals, according to the latest Experian M&A rankings.

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CBI partners with Zumo to track digital asset sustainability

Published 5 days ago

Edinburgh-based fintech Zumo, a digital-assets-as-a-service platform, and United Arab Emirates-based bank Commercial Bank International (CBI) have signed a memorandum of understanding (MOU).

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Chancellor reforms IHT and hikes CGT and employers’ NIC

Published 1 week ago

Chancellor Rachel Reeves has confirmed a rise in capital gains tax (CGT) and employers’ national insurance contributions (NIC) in today’s Autumn Budget statement.

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Rangers reports £17.2m loss despite record revenue

Published 1 week ago

Rangers Football Club has posted a £17.2 million loss, for the year ended 30 June 2024, despite record revenues of £88.3m.

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Wbg buys Azets’ personal insolvency caseload

Published 1 week ago

Wbg has acquired the Scottish personal insolvency book of accountants and business advisors Azets for an undisclosed sum.

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Inverness underfloor heating business becomes employee owned

Published 1 week ago

Optimum Underfloor Heating Ltd has moved to employee ownership via an Employee Ownership Trust (EOT).

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Scottish GDP goes into retreat ahead of the UK Budget

Published 1 week ago

Scotland’s GDP fell by 0.3% in August, following growth of 0.5% in July (revised from 0.3%).

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Northern Accountants expands to Scotland with Empowered by Cloud acquisition

Published 1 week ago

Northern Accountants has acquired Dunfermline-based Empowered By Cloud, accountancy expert for the trades and construction industry, for an undisclosed six-figure sum.

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HSBC CEO rejects breakup talk despite restructuring

Published 1 week ago

Coinciding with its announcement of a better-than-expected 10% rise in pre-tax profits to $8.5 billion (c. £6.6bn) during Q3 2024, HSBC’s CEO, Georges Elhedery, has dismissed speculation that the bank’s recent restructuring signals a potential breakup.

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Skills shortages and tax reform top Budget wish list for Scottish businesses

Published 1 week ago

Scottish businesses have called for a competitive tax system and solutions to skills shortages in Chancellor Rachel Reeves’ first Budget, according to Bank of Scotland.

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Report: Funding challenges threaten Scotland’s local authorities

Published 1 week ago

Scottish councils are facing a severe financial crisis due to ongoing inflation, wage pressures, and rising service demands, according to a new report by the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Government Information Unit (LGIU).

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Scottish Government backs calls for tax-free shopping

Published 1 week ago

The Scottish Retail Consortium (SRC) has welcomed the backing of Scottish Ministers over the reintroduction of tax-free shopping for international visitors.

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BoS: Hiring intentions strong despite fall in Scottish business confidence

Published 1 week ago

Scottish business confidence dipped to 44% in October, a four-point drop from September, according to the Bank of Scotland.

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Cernach finance officer Karen Dyson to retire

Published 1 week ago

Cernach Housing Association is to bid farewell to finance officer Karen Dyson, who is retiring after a remarkable 30 years of service.

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CCU: Lack of savings threatens financial wellbeing of Scots

Published 1 week ago

Marlene Shiels, CEO of Capital Credit Union, has warned that Scots must build better financial resilience or risk financial disaster in the future.

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