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Finance

BoE Governor sparks pound plunge with rate cut comments

Published 5 hours ago

The pound sterling experienced its sharpest decline against the dollar since March, falling over 1% after Bank of England (BoE) Governor Andrew Bailey suggested the possibility of accelerated interest rate cuts.

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Puma Private Equity expands into Scotland and rebrands to Puma Growth Partners

Published 5 hours ago

Puma Private Equity, provider of growth capital to small and medium-sized businesses, has revealed its expansion plans for Scotland and rebrand to Puma Growth Partners.

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Old Course Hotel posts £1.4m loss despite rise in hotel revenue

Published 5 hours ago

The Old Course Limited, which owns the Old Course Hotel and Duke’s golf course in St Andrews, has reported a pre-tax loss of £1.4 million for the year ended 31 December 2023.

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Structured Financial Planning hits £100m AUM milestone

Published 6 hours ago

Aberdeenshire-based financial adviser Structured Financial Planning has reached over £100 million in assets under management, as it marks its 20th anniversary.

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Tax encouraging use of recycled materials approved at Holyrood

Published 10 hours ago

A new Scottish tax aimed at encouraging the use of recycled materials in construction has been approved unanimously by the Scottish Parliament.

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Iomart bolsters cloud capabilities with £57m Atech buyout

Published 1 day ago

Glasgow-based cloud computing company iomart has acquired Atech Support, a Microsoft solutions provider, for £57 million.

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Nationwide seals £2.9bn Virgin Money takeover

Published 1 day ago

Nationwide Building Society has completed its £2.9 billion acquisition of Virgin Money, creating one of the UK’s largest banking groups with 24.5 million customers and nearly 700 branches.

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Regulator fines Starling Bank £29m over ‘shockingly lax’ controls

Published 1 day ago

The Financial Conduct Authority (FCA) has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening.

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Maven Capital Partners launches new £40m joint share offers

Published 3 days ago

Maven Capital Partners has launched new £40 million joint share offers across its four well-established Venture Capital Trusts (VCTs).

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Deloitte UK partner pay down despite revenues rising 2%

Published 3 days ago

Deloitte UK partners have seen their average pay fall by £48,000 to £1.012 million in the year ending May 2024.

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UK’s second quarter GDP marginally revised down

Published 3 days ago

The UK economy grew by 0.5% in the second quarter of 2024, slightly less than initial estimates of 6%, according to the Office for National Statistics.

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Rathbones: Inheritance planning overlooked by third of wealthy Scots

Published 3 days ago

Time is running out for the vast majority of high net worth individuals (HNWI) in Scotland wanting to pass on their wealth as they put inheritance planning on the back burner, according to new research from Rathbones.

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BoS: Scottish business confidence takes a dip

Published 3 days ago

Business confidence in Scotland fell by 16 points to 48% in September, according to the Bank of Scotland’s Business Barometer.

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Henderson Loggie: Arts organisations can leverage tax relief for artistic innovation and community engagement

Published 3 days ago

Tax specialists at Henderson Loggie are encouraging Scotland’s cultural community to capitalise on available tax reliefs, having witnessed the significant impact these can have on the sustainability of organisations, their long-term planning capabilities, and their broader community influence.

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ACCA launches new diploma to equip finance professionals for sustainable future

Published 3 days ago

The Association of Chartered Certified Accountants (ACCA) has introduced a new Professional Diploma in Sustainability designed for finance professionals at all levels who are looking to gain a comprehensive understanding of sustainability and accreditation to prove it.

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