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Finance

Bank of Scotland-owner Lloyds beats forecasts despite first half profit drop

Published 1 day ago

Lloyds Banking Group reported a half-year pretax profit of £3.32 billion, a decline from the previous year due to increased costs and shrinking net interest income.

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Scottish Enterprise offers path to growth with £500,000 grant programme

Published 1 day ago

Scottish Enterprise has announced a new support programme for businesses ready to undertake capital investment but looking to develop leaders, change business processes as well as improve digital systems to maximise impact.

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MHA posts record £180m turnover following Scottish expansion

Published 1 day ago

Accounting and advisory firm MHA has reported revenues of £180 million for the year end 31 March 2024, an increase of 27% on £142m reported in 2023.

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Scottish insolvencies down, but still higher than pre-pandemic levels

Published 2 days ago

Scotland’s corporate insolvencies dipped by 3.1% in Q1 2024-2025 compared to the previous fiscal year, totalling 283.

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Proserv completes management buyout and introduces employee ownership

Published 2 days ago

Aberdeen-headquartered Proserv has undergone a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company’s 60-year history.

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Regulator confirms plan to protect access to cash for consumers and small businesses

Published 2 days ago

Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules announced today by the Financial Conduct Authority (FCA).

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Aberdeen City Council provides £1.1m to revitalise Union Street businesses

Published 2 days ago

A total of six new traders – and four more to come shortly – have opened on the Granite Mile in the last year thanks to the £195,000 Union Street Empty Shops Grant Scheme, helping to bring the number of vacant units down from 47 to 38.

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Competition drives mortgage rates below 4%

Published 3 days ago

UK mortgage rates have fallen, with the lowest five-year fixed rate dropping below 4% for the first time since April 2024.

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Over 2,000 attendees to explore future of finance at 7th FinTech Scotland Festival

Published 4 days ago

FinTech Scotland has announced the launch of the 7th Annual FinTech Scotland Festival, running from 25 September 25 to 4 October 2024.

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RBS agrees £50m funding deal with social landlord

Published 4 days ago

Together Housing Group (THG), a social housing provider in the North of England, has secured a £50 million loan from the Royal Bank of Scotland to upgrade its 38,000 properties

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Edinburgh reclaims top spot for foreign investment outside London

Published 4 days ago

Edinburgh has reclaimed its position as the top UK city outside London for foreign direct investment (FDI), surpassing Greater Manchester, according to a new study.

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CMA clears Nationwide’s £2.9bn Virgin Money takeover

Published 5 days ago

The Competition and Markets Authority (CMA) has approved Nationwide Building Society’s £2.9 billion acquisition of Virgin Money UK.

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US official strengthens ties with Scotland’s business community

Published 5 days ago

The Lieutenant Governor of Oklahoma, Matt Pinnell, has held a series of high-profile meetings with the Scottish business community as part of a trip aimed at improving transatlantic business relations, promoting investment opportunities for Scottish businesses throughout the state of Oklahoma.

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Scottish businesses face steep rise in financial distress

Published 5 days ago

Scottish businesses faced a sharp rise in financial distress in the second quarter of 2024, exceeding the UK average, according to Begbies Traynor.

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Record high payrolls, but employment dips in Scotland

Published 1 week ago

Scotland’s labour market experienced mixed results in the second quarter of 2024, with unemployment up, despite strong earnings growth.

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