ScottishNews.com

Finance

KPMG: US tariffs on UK exports could see GDP growth fall to 0.8% in 2025 and 2026

Published 3 weeks ago

US President Donald Trump’s proposed tariffs could cost the UK economy nearly £22 billion over the next two years, according to analysis by KPMG.

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BK Plus acquires four Scottish accountancy firms in major expansion

Published 3 weeks ago

Accountancy firm BK Plus has significantly expanded its Scottish operations by acquiring four established practices – Walton Kilgour (Perth and Pitlochry), Ian MacFarlane Ltd (Falkirk), JC Wallace (Glasgow), and Bird Simpson (Dundee).

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PRA proposes raising FSCS deposit protection limit to £110,000

Published 3 weeks ago

The Prudential Regulation Authority (PRA) has proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000.

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Edinburgh land deal provides uplift for Murray Capital following £1.7m loss

Published 3 weeks ago

Murray Capital Holdings, the investment business of the Murray family, has announced its financial results for the year ending 30 June 2024, revealing a challenging period particularly impacted by the steel sector.

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Highland screen industry attracts over £3.5m growth in direct film spend

Published 3 weeks ago

Continuing with the trend over the past few years, Highland has seen the highest ever direct spend recorded for filming in The Highland Council region.

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Glasgow’s FRIL delivers £6 return for every £1 invested via innovation accelerator

Published 3 weeks ago

The Financial Regulation Innovation Lab (FRIL), operating from Glasgow City Region, is making significant strides in responsible financial innovation as a key component of the UK government’s Innovation Accelerator (IA) programme.

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Begbies Traynor administrators step in to seek buyer for Inveraray’s George Hotel

Published 3 weeks ago

Kenneth Craig and Kevin Mapstone of Begbies Traynor have been appointed joint administrators to Inveraray Inn Ltd, the company operating the historic George Hotel in Inveraray, after it was placed into administration by its directors.

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Fraser of Allander: Uncertain start to 2025 for Scottish economy as employers brace for increased costs

Published 3 weeks ago

Economic and business conditions in early 2025 showed limited improvement, as firms across Scotland brace for upcoming cost pressures.

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Bank of Scotland-owner trains 200 senior bankers to harness AI potential

Published 4 weeks ago

Lloyds Banking Group has announced it is strategically enhancing its artificial intelligence (AI) capabilities by training 200 senior leaders through an intensive 80-hour programme – “Leading with AI”.

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Potential share suspension looms for Wood Group after review uncovers ‘cultural failings’

Published 4 weeks ago

Aberdeen-headquartered Wood Group has announced it must restate financial results for its 2022 and 2023 financial years and the first half of 2024, following an independent review, which may lead to suspension of its shares from trading on the London Stock Exchange.

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58 jobs saved as Azets administrators secure sale of Bankhouse Care Home

Published 4 weeks ago

Administrators from Azets have finalised the sale of Bankhouse Care Home in Lesmahagow, Lanarkshire, to a Glasgow-based operator Bellerose Care Limited, for an undisclosed sum.

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Hampden Bank reports strong growth and expansion plans as chair Simon Miller retires

Published 4 weeks ago

Hampden Bank has announced strong growth in its 2024 annual results, alongside significant expansion plans and the retirement of its chair, Simon Miller.

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Experts react to Chancellor’s Spring Statement

Published 1 month ago

Chancellor Rachel Reeves’ Spring Statement has drawn mixed responses from tax and business experts, highlighting both welcomed measures and lingering concerns.

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UK government plans ISA reform to boost long-term investment

Published 1 month ago

The UK government has confirmed it is looking to reform ISAs and potentially cut cash allowance, with a focus on balancing cash and equity investments.

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Kelso Pharma secures £140m for expansion and appoints new director

Published 1 month ago

Kelso Pharma has secured over £140 million in acquisition funding and appointed Graeme Duncan, former ADVANZ PHARMA CEO, as a non-executive director.

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