ScottishNews.com

Finance

KPMG: Easing cost pressures support bullish prospects for 2025 among Scotland’s private firms

Published 4 months ago

Nine in 10 (90%) privately owned Scottish firms feel optimistic about their growth prospects as they head into 2025, according to KPMG UK.

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World’s oldest accountancy body celebrates 170 years

Published 4 months ago

The Institute of Chartered Accountants of Scotland (ICAS) marks its 170th anniversary this month, celebrating its position as the world’s oldest professional body for chartered accountants.

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UK economy contracts for second consecutive month

Published 4 months ago

The UK economy unexpectedly contracted by 0.1% in October, marking the second consecutive month of decline.

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Loganair weathers storms to post £6.9m profit

Published 4 months ago

Loganair has reported £6.9 million profit for the financial year ending 31 March 2024.

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Apex Traffic Management’s employees take the wheel

Published 4 months ago

The 108 employees of a growing Scottish traffic management company have become its new owners.

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Knight Frank: Utilities and tech to power economic growth of Scotland’s largest cities to 2050

Published 4 months ago

Knight Frank predicts that the utilities and information & communications sectors will dominate economic growth in Aberdeen, Edinburgh, and Glasgow through 2050.

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RSL finances ‘weakened’, but Regulator projections show ‘medium-term improvement’

Published 4 months ago

A new report by the Scottish Housing Regulator has concluded that the finances of registered social landlords finances have weakened, resulting in less financial headroom, but forecasts have predicted some improvement in the medium term.

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HMRC accused of turning a blind eye to Chinese tax evasion

Published 4 months ago

HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese “burner” companies operating on online marketplaces like Amazon, eBay, and Temu.

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Regulator warns MPs against ‘race to the bottom’ in growth push

Published 4 months ago

The Financial Conduct Authority (FCA) has cautioned MPs against a “race to the bottom” in the pursuit of economic growth.

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Women entrepreneurs a key focus for investment in next Scottish budget

Published 4 months ago

The Scottish Government has announced a package of measures to help entrepreneurs start and grow their businesses, to will be delivered next year with funding in the draft Scottish Budget 2025/26.

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Julius Baer doubles down on Scotland with Glasgow office launch

Published 4 months ago

Julius Baer International (JBI), part of Swiss bank Julius Bär Group, has announced the opening of its second Scotland office in Glasgow, adding to its existing presence in Edinburgh.

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Phil Anderson Financial Services continues England expansion with Cheshire office

Published 4 months ago

Ellon-based Phil Anderson Financial Services has opened a new office in Wilmslow, Cheshire, further expanding its England presence.

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Armstrong Watson: Scottish Budget announcements do little to ease fiscal drag

Published 4 months ago

Among the SNP’s Scottish Budget proposals for the coming tax year, Finance Secretary Shona Robison announced increases to the income tax starter rate and basic rate thresholds, however these small tax savings do very little to ease the pain of fiscal drag for many.

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ICAS CEO named chair of Global Accounting Alliance

Published 4 months ago

Bruce Cartwright CA, CEO of the Institute of Chartered Accountants of Scotland (ICAS), has been appointed as new chair of the Global Accounting Alliance (GAA).

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Aviva to acquire Direct Line in £3.6bn deal

Published 4 months ago

Aviva has reached a preliminary agreement to acquire rival insurer Direct Line for £3.6 billion after its third takeover bid was accepted.

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