Finance
Zumo: Majority of crypto firms unready for MiCA’s environmental demands
Published 6 months ago
A new report by Edinburgh-based digital assets platform Zumo has revealed a significant knowledge gap amongst crypto-asset service providers (CASPs) regarding the European Union’s incoming Markets in Crypto-Assets (MiCA) regulation, specifically its sustainability requirements.
Read on www.scottishfinancialnews.com →
Macdonald Henderson advises Verum Wealth on sale to Foster Denovo
Published 6 months ago
Macdonald Henderson has advised Glasgow-based financial advice firm Verum Wealth on its sale to UK national firm Foster Denovo.
Read on www.scottishlegal.com →
Edinburgh’s Smart Data Foundry receives £3m funding for financial data service
Published 6 months ago
Smart Data Foundry (SDF) has been awarded £3 million funding to operate a new financial data service, enabling more researchers to study the financial health of millions of households across the UK, by providing secure access to financial behaviours, economic resilience, and regional economic activity.
Read on www.scottishfinancialnews.com →
Azets: More costs for employers as real-time benefit reporting looms
Published 6 months ago
A Scottish business tax adviser has warned that hundreds of thousands of Scottish businesses are unprepared for new real-time payroll reporting rules set to take effect in April 2026.
Read on www.scottishfinancialnews.com →
KPMG faces new FRC investigation over audit of Ladbrokes-owner Entain
Published 6 months ago
The Financial Reporting Council (FRC) has launched a probe into KPMG’s audit of gambling giant Entain’s 2022 accounts.
Read on www.scottishfinancialnews.com →
Bank of Scotland-owner to close Dunfermline office as it plans over 1,000 layoffs
Published 6 months ago
Lloyds Banking Group, owner of Bank of Scotland and the UK’s largest retail lender, is set to axe hundreds of jobs, as part of a major restructuring effort.
Read on www.scottishfinancialnews.com →
EQ Accountants sees record number of graduate and trainee applications
Published 6 months ago
EQ Accountants has welcomed a record 14 new graduates and trainees in 2024, after receiving over 150 applications – more than six times the usual number.
Read on www.scottishfinancialnews.com →
RSE sees profits soar to £19.9m as revenues rise 30%
Published 7 months ago
Highlands-based water treatment solutions provider RSE has reported a strong financial performance for the year ending 31 March 2024.
Read on www.scottishfinancialnews.com →
Grant Thornton: Businesses’ profit growth to stall following rising employment costs
Published 7 months ago
Following the increases announced in the Autumn Budget to employer National Insurance Contributions and National Minimum Wage, UK businesses’ profit growth expectations remain low and many are looking to review employee costs across the board including implementing hiring freezes, according to Grant Thornton UK.
Read on www.scottishfinancialnews.com →
Audit Scotland: Scottish councils should tighten controls after £1.1m Aberdeen fraud case
Published 7 months ago
All Scottish councils must learn from the weaknesses that allowed an Aberdeen City Council employee’s £1.1 million fraud go undetected over 17 years, the Accounts Commission has urged.
Read on www.scottishfinancialnews.com →
FinTech Scotland Cluster sees strong growth as sector employment rises 8%
Published 7 months ago
The FinTech Scotland Cluster has recorded an 8% year-on-year employment growth during 2024 bringing the total number of people working in fintech to over 11,300.
Read on www.scottishfinancialnews.com →
FRP Advisory appointed as Connect Modular enters administration
Published 7 months ago
Michelle Elliot and Callum Carmichael, partners at FRP Advisory, have been appointed joint administrators of Connect Modular Limited on 6 January.
Read on www.scottishfinancialnews.com →
Nine-year ban for director of over 400 companies
Published 7 months ago
A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years.
Read on www.scottishfinancialnews.com →
Scotcoin targets £200m valuation in February listing
Published 7 months ago
Scotcoin is set to be listed on a major cryptocurrency exchange in February 2025, which will see the project valued at $250 million (£200m) on its market debut.
Read on www.scottishfinancialnews.com →
Edinburgh fintech BR-DGE experiences 10x growth in transaction value
Published 7 months ago
Edinburgh-based payment orchestration provider BR-DGE has recorded a significant transaction volume uplift and made a spate of new senior hires in 2024 as the company scales rapidly to meet unprecedented demand in 2025 for its modular services.
Read on www.scottishfinancialnews.com →
Zumo: Majority of crypto firms unready for MiCA’s environmental demands
Published 6 months ago
A new report by Edinburgh-based digital assets platform Zumo has revealed a significant knowledge gap amongst crypto-asset service providers (CASPs) regarding the European Union’s incoming Markets in Crypto-Assets (MiCA) regulation, specifically its sustainability requirements.
Read on www.scottishfinancialnews.com →
Macdonald Henderson advises Verum Wealth on sale to Foster Denovo
Published 6 months ago
Macdonald Henderson has advised Glasgow-based financial advice firm Verum Wealth on its sale to UK national firm Foster Denovo.
Read on www.scottishlegal.com →
Edinburgh’s Smart Data Foundry receives £3m funding for financial data service
Published 6 months ago
Smart Data Foundry (SDF) has been awarded £3 million funding to operate a new financial data service, enabling more researchers to study the financial health of millions of households across the UK, by providing secure access to financial behaviours, economic resilience, and regional economic activity.
Read on www.scottishfinancialnews.com →
Azets: More costs for employers as real-time benefit reporting looms
Published 6 months ago
A Scottish business tax adviser has warned that hundreds of thousands of Scottish businesses are unprepared for new real-time payroll reporting rules set to take effect in April 2026.
Read on www.scottishfinancialnews.com →
KPMG faces new FRC investigation over audit of Ladbrokes-owner Entain
Published 6 months ago
The Financial Reporting Council (FRC) has launched a probe into KPMG’s audit of gambling giant Entain’s 2022 accounts.
Read on www.scottishfinancialnews.com →
Bank of Scotland-owner to close Dunfermline office as it plans over 1,000 layoffs
Published 6 months ago
Lloyds Banking Group, owner of Bank of Scotland and the UK’s largest retail lender, is set to axe hundreds of jobs, as part of a major restructuring effort.
Read on www.scottishfinancialnews.com →
EQ Accountants sees record number of graduate and trainee applications
Published 6 months ago
EQ Accountants has welcomed a record 14 new graduates and trainees in 2024, after receiving over 150 applications – more than six times the usual number.
Read on www.scottishfinancialnews.com →
RSE sees profits soar to £19.9m as revenues rise 30%
Published 7 months ago
Highlands-based water treatment solutions provider RSE has reported a strong financial performance for the year ending 31 March 2024.
Read on www.scottishfinancialnews.com →
Grant Thornton: Businesses’ profit growth to stall following rising employment costs
Published 7 months ago
Following the increases announced in the Autumn Budget to employer National Insurance Contributions and National Minimum Wage, UK businesses’ profit growth expectations remain low and many are looking to review employee costs across the board including implementing hiring freezes, according to Grant Thornton UK.
Read on www.scottishfinancialnews.com →
Audit Scotland: Scottish councils should tighten controls after £1.1m Aberdeen fraud case
Published 7 months ago
All Scottish councils must learn from the weaknesses that allowed an Aberdeen City Council employee’s £1.1 million fraud go undetected over 17 years, the Accounts Commission has urged.
Read on www.scottishfinancialnews.com →
FinTech Scotland Cluster sees strong growth as sector employment rises 8%
Published 7 months ago
The FinTech Scotland Cluster has recorded an 8% year-on-year employment growth during 2024 bringing the total number of people working in fintech to over 11,300.
Read on www.scottishfinancialnews.com →
FRP Advisory appointed as Connect Modular enters administration
Published 7 months ago
Michelle Elliot and Callum Carmichael, partners at FRP Advisory, have been appointed joint administrators of Connect Modular Limited on 6 January.
Read on www.scottishfinancialnews.com →
Nine-year ban for director of over 400 companies
Published 7 months ago
A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years.
Read on www.scottishfinancialnews.com →
Scotcoin targets £200m valuation in February listing
Published 7 months ago
Scotcoin is set to be listed on a major cryptocurrency exchange in February 2025, which will see the project valued at $250 million (£200m) on its market debut.
Read on www.scottishfinancialnews.com →
Edinburgh fintech BR-DGE experiences 10x growth in transaction value
Published 7 months ago
Edinburgh-based payment orchestration provider BR-DGE has recorded a significant transaction volume uplift and made a spate of new senior hires in 2024 as the company scales rapidly to meet unprecedented demand in 2025 for its modular services.
Read on www.scottishfinancialnews.com →