ScottishNews.com

Finance

Scottish golf tech firm raises £6.6 million to drive international expansion

Published 2 months ago

Edinburgh-based golf technology company, Shot Scope, has secured $8.5 million (c. £6.6m) in a Series B funding round.

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Angus Council’s new SME grant scheme is now live

Published 2 months ago

Angus Council has launched its small to medium enterprise (SME) Start and Grow Business Grant Scheme.

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Brimmond exceeds expectations in bumper year as turnover soars 74%

Published 2 months ago

Aberdeenshire-based engineering firm Brimmond has posted a 74% increase in turnover for 2023-24, reaching £11.4 million – surpassing its forecast of £10m.

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St James’s Place defies doubters with surprise comeback

Published 2 months ago

St James’s Place (SJP), the UK’s largest wealth manager, has staged a dramatic comeback after a turbulent period.

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FCA to slash red tape for financial services firms

Published 2 months ago

The rules governing financial services could be streamlined to reduce burdens on businesses, following a review launched by the Financial Conduct Authority (FCA).

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Scottish corporate administrations fall 15% in H1 2024

Published 2 months ago

The number of companies in Scotland filing for administration during H1 2024 has dropped by 15% compared to the corresponding period last year, according to figures from Interpath Advisory.

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FRC calls for urgent action from BDO and Forvis Mazars on audit quality

Published 2 months ago

The Financial Reporting Council’s (FRC) Annual Review of Audit Quality revealed a disappointing performance from BDO and Forvis Mazars, whose audit results fell significantly below expectations.

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McAllister Litho Glasgow hosts Scottish Government minister for flexible fund launch

Published 2 months ago

A fund to help businesses, charities and other organisations adopt fair work practices has opened for applications and has been launched at McAllister Litho Glasgow.

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Dundee director banned over £100k covid loans

Published 2 months ago

A Former Dundee pub boss has been banned by The Insolvency Service from acting as a company director for 11 years due to misuse of Covid bounceback loans (BBL).

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Lloyds and Nationwide back Edinburgh fintech’s £11m funding round for AI innovation in finance

Published 2 months ago

Edinburgh-based AI fintech firm Aveni.ai has secured £11 million in Series A funding.

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Wbg expands with Aberdeen office and appoints corporate finance team

Published 2 months ago

Scottish accounting advisory, audit and tax firm Wbg has opened an office in Aberdeen and appointed a new corporate finance team.

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

Published 2 months 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 2 months 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 2 months 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 months 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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