Finance
Drinks bodies make joint pre-budget appeal against duty rise
Published 1 month ago
The Scotch Whisky Association (SWA) has joined six other leading UK drinks trade bodies in a united call on the Chancellor to freeze excise duty in the forthcoming Autumn Budget.
Read on www.scottishfinancialnews.com →
SWA: Proposed spirits duty rise could add £90m to government borrowing
Published 1 month ago
New research from the Scotch Whisky Association (SWA) has warned that the rising price of alcohol is a significant driver of UK in 2025, adding to fears that consumers will be pushed to pay more for goods in the lead up to the festive season.
Read on www.scottishfinancialnews.com →
Whyte & Mackay sees pretax profits slip by £8m
Published 1 month ago
Whisky producer Whyte & Mackay has reported a fall in profits for the year ended 31 December 2024, citing a global slowdown in the whisky, spirits, and luxury goods markets.
Read on www.scottishfinancialnews.com →
Hebridean distillery raises a dram to £1.5m investment boost
Published 2 months ago
Benbecula Distillery – one of Scotland’s newest whisky producers, based in the Outer Hebrides – has secured a £1.5 million investment boost from the British Business Bank’s Investment Fund for Scotland.
Read on www.scottishfinancialnews.com →
Profits dip at Loch Lomond as It hits out at ‘unfair’ taxes on whisky
Published 2 months ago
Whisky distiller Loch Lomond Group has reported a drop in underlying profits to £23.7 million from £29.4m the previous year, with turnover decreasing to £105m from £118m, for the year ending 31 December.
Read on www.scottishfinancialnews.com →
Wbg’s 168 Whisky Club toasts 12 years of networking
Published 2 months ago
Wbg’s 168 Whisky Club moves into the autumnal season this week with another tasting from Ferguson Whisky, whom it has supported from inception.
Read on www.scottishfinancialnews.com →
Artisanal Spirits Company replaces RBS financing facility with improved Santander deal
Published 2 months ago
The Artisanal Spirits Company, owner of The Scotch Malt Whisky Society, has successfully secured a new £35 million financing facility with Santander.
Read on www.scottishfinancialnews.com →
RSM: Scottish economy on the rocks amid looming tax rises and ‘no deal’ whisky tariffs
Published 2 months ago
According to RSM UK’s latest Economic Outlook for Q3 2025, the UK was the best performing G7 economy in the first half of 2025, despite low consumer confidence and stagnant business investment.
Read on www.scottishfinancialnews.com →
Artisanal Spirits Co maintains profitability as US whisky woes hit revenue
Published 3 months ago
The Artisanal Spirits Company, owner of The Scotch Malt Whisky Society (SMWS), has maintained its core profitability for the first half of 2025 despite a dip in revenue caused by challenging conditions in the US market.
Read on www.scottishfinancialnews.com →
Scotch Whisky Association calls for spirits duty freeze in Autumn Budget
Published 3 months ago
Following the Treasury’s announcement that the Autumn Budget will be held on 26 November, the Scotch Whisky Association (SWA) has called on the Chancellor to implement a multi-year freeze on spirits duty.
Read on www.scottishfinancialnews.com →
HMRC admits using AI to scan social media for tax cheats
Published 4 months ago
HM Revenue and Customs (HMRC) has confirmed it uses artificial intelligence to analyse taxpayers’ social media posts as part of criminal investigations into tax evasion.
Read on www.scottishfinancialnews.com →
TLT reports £187m turnover amid significant growth in Scotland
Published 4 months ago
TLT has reported a record annual turnover of £187 million in its latest financial results, with Scottish revenue having increased by over 400% in six years.
Read on www.scottishfinancialnews.com →
Father and son duo launch Glasgow brokerage with £5m first year target
Published 4 months ago
A new independent brokerage, Octo Insurance Brokers, has officially launched with an ambitious target to write £5 million in gross written premiums in its first year.
Read on www.scottishfinancialnews.com →
Starting salary growth hits four-year low as UK jobs market cools
Published 4 months ago
Hiring activity across the UK fell sharply in July as businesses held back on recruitment amidst concerns over the economic outlook and rising labour costs.
Read on www.scottishfinancialnews.com →
STAC launches investment arm, funnelling £1m into first three startups
Published 4 months ago
Three pioneering healthtech companies are set to accelerate their growth and market impact thanks to investment from STAC, Scotland’s industry-led accelerator for smart, connected, and deep tech startups.
Read on www.scottishfinancialnews.com →
Drinks bodies make joint pre-budget appeal against duty rise
Published 1 month ago
The Scotch Whisky Association (SWA) has joined six other leading UK drinks trade bodies in a united call on the Chancellor to freeze excise duty in the forthcoming Autumn Budget.
Read on www.scottishfinancialnews.com →
SWA: Proposed spirits duty rise could add £90m to government borrowing
Published 1 month ago
New research from the Scotch Whisky Association (SWA) has warned that the rising price of alcohol is a significant driver of UK in 2025, adding to fears that consumers will be pushed to pay more for goods in the lead up to the festive season.
Read on www.scottishfinancialnews.com →
Whyte & Mackay sees pretax profits slip by £8m
Published 1 month ago
Whisky producer Whyte & Mackay has reported a fall in profits for the year ended 31 December 2024, citing a global slowdown in the whisky, spirits, and luxury goods markets.
Read on www.scottishfinancialnews.com →
Hebridean distillery raises a dram to £1.5m investment boost
Published 2 months ago
Benbecula Distillery – one of Scotland’s newest whisky producers, based in the Outer Hebrides – has secured a £1.5 million investment boost from the British Business Bank’s Investment Fund for Scotland.
Read on www.scottishfinancialnews.com →
Profits dip at Loch Lomond as It hits out at ‘unfair’ taxes on whisky
Published 2 months ago
Whisky distiller Loch Lomond Group has reported a drop in underlying profits to £23.7 million from £29.4m the previous year, with turnover decreasing to £105m from £118m, for the year ending 31 December.
Read on www.scottishfinancialnews.com →
Wbg’s 168 Whisky Club toasts 12 years of networking
Published 2 months ago
Wbg’s 168 Whisky Club moves into the autumnal season this week with another tasting from Ferguson Whisky, whom it has supported from inception.
Read on www.scottishfinancialnews.com →
Artisanal Spirits Company replaces RBS financing facility with improved Santander deal
Published 2 months ago
The Artisanal Spirits Company, owner of The Scotch Malt Whisky Society, has successfully secured a new £35 million financing facility with Santander.
Read on www.scottishfinancialnews.com →
RSM: Scottish economy on the rocks amid looming tax rises and ‘no deal’ whisky tariffs
Published 2 months ago
According to RSM UK’s latest Economic Outlook for Q3 2025, the UK was the best performing G7 economy in the first half of 2025, despite low consumer confidence and stagnant business investment.
Read on www.scottishfinancialnews.com →
Artisanal Spirits Co maintains profitability as US whisky woes hit revenue
Published 3 months ago
The Artisanal Spirits Company, owner of The Scotch Malt Whisky Society (SMWS), has maintained its core profitability for the first half of 2025 despite a dip in revenue caused by challenging conditions in the US market.
Read on www.scottishfinancialnews.com →
Scotch Whisky Association calls for spirits duty freeze in Autumn Budget
Published 3 months ago
Following the Treasury’s announcement that the Autumn Budget will be held on 26 November, the Scotch Whisky Association (SWA) has called on the Chancellor to implement a multi-year freeze on spirits duty.
Read on www.scottishfinancialnews.com →
HMRC admits using AI to scan social media for tax cheats
Published 4 months ago
HM Revenue and Customs (HMRC) has confirmed it uses artificial intelligence to analyse taxpayers’ social media posts as part of criminal investigations into tax evasion.
Read on www.scottishfinancialnews.com →
TLT reports £187m turnover amid significant growth in Scotland
Published 4 months ago
TLT has reported a record annual turnover of £187 million in its latest financial results, with Scottish revenue having increased by over 400% in six years.
Read on www.scottishfinancialnews.com →
Father and son duo launch Glasgow brokerage with £5m first year target
Published 4 months ago
A new independent brokerage, Octo Insurance Brokers, has officially launched with an ambitious target to write £5 million in gross written premiums in its first year.
Read on www.scottishfinancialnews.com →
Starting salary growth hits four-year low as UK jobs market cools
Published 4 months ago
Hiring activity across the UK fell sharply in July as businesses held back on recruitment amidst concerns over the economic outlook and rising labour costs.
Read on www.scottishfinancialnews.com →
STAC launches investment arm, funnelling £1m into first three startups
Published 4 months ago
Three pioneering healthtech companies are set to accelerate their growth and market impact thanks to investment from STAC, Scotland’s industry-led accelerator for smart, connected, and deep tech startups.
Read on www.scottishfinancialnews.com →