Finance
Dundee director banned over £100k covid loans
Published 10 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).
Read on www.scottishfinancialnews.com →
Lloyds and Nationwide back Edinburgh fintech’s £11m funding round for AI innovation in finance
Published 10 months ago
Edinburgh-based AI fintech firm Aveni.ai has secured £11 million in Series A funding.
Read on www.scottishfinancialnews.com →
Wbg expands with Aberdeen office and appoints corporate finance team
Published 10 months ago
Scottish accounting advisory, audit and tax firm Wbg has opened an office in Aberdeen and appointed a new corporate finance team.
Read on www.scottishfinancialnews.com →
Bank of Scotland-owner Lloyds beats forecasts despite first half profit drop
Published 10 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.
Read on www.scottishfinancialnews.com →
Scottish Enterprise offers path to growth with £500,000 grant programme
Published 10 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.
Read on www.scottishfinancialnews.com →
MHA posts record £180m turnover following Scottish expansion
Published 10 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.
Read on www.scottishfinancialnews.com →
Scottish insolvencies down, but still higher than pre-pandemic levels
Published 10 months ago
Scotland’s corporate insolvencies dipped by 3.1% in Q1 2024-2025 compared to the previous fiscal year, totalling 283.
Read on www.scottishfinancialnews.com →
Proserv completes management buyout and introduces employee ownership
Published 10 months ago
Aberdeen-headquartered Proserv has undergone a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company’s 60-year history.
Read on www.scottishfinancialnews.com →
Regulator confirms plan to protect access to cash for consumers and small businesses
Published 10 months ago
Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules announced today by the Financial Conduct Authority (FCA).
Read on www.scottishfinancialnews.com →
Aberdeen City Council provides £1.1m to revitalise Union Street businesses
Published 10 months ago
A total of six new traders – and four more to come shortly – have opened on the Granite Mile in the last year thanks to the £195,000 Union Street Empty Shops Grant Scheme, helping to bring the number of vacant units down from 47 to 38.
Read on www.scottishfinancialnews.com →
Competition drives mortgage rates below 4%
Published 10 months ago
UK mortgage rates have fallen, with the lowest five-year fixed rate dropping below 4% for the first time since April 2024.
Read on www.scottishfinancialnews.com →
Over 2,000 attendees to explore future of finance at 7th FinTech Scotland Festival
Published 10 months ago
FinTech Scotland has announced the launch of the 7th Annual FinTech Scotland Festival, running from 25 September 25 to 4 October 2024.
Read on www.scottishfinancialnews.com →
RBS agrees £50m funding deal with social landlord
Published 10 months ago
Together Housing Group (THG), a social housing provider in the North of England, has secured a £50 million loan from the Royal Bank of Scotland to upgrade its 38,000 properties
Read on www.scottishfinancialnews.com →
Edinburgh reclaims top spot for foreign investment outside London
Published 10 months ago
Edinburgh has reclaimed its position as the top UK city outside London for foreign direct investment (FDI), surpassing Greater Manchester, according to a new study.
Read on www.scottishfinancialnews.com →
CMA clears Nationwide’s £2.9bn Virgin Money takeover
Published 10 months ago
The Competition and Markets Authority (CMA) has approved Nationwide Building Society’s £2.9 billion acquisition of Virgin Money UK.
Read on www.scottishfinancialnews.com →
Dundee director banned over £100k covid loans
Published 10 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).
Read on www.scottishfinancialnews.com →
Lloyds and Nationwide back Edinburgh fintech’s £11m funding round for AI innovation in finance
Published 10 months ago
Edinburgh-based AI fintech firm Aveni.ai has secured £11 million in Series A funding.
Read on www.scottishfinancialnews.com →
Wbg expands with Aberdeen office and appoints corporate finance team
Published 10 months ago
Scottish accounting advisory, audit and tax firm Wbg has opened an office in Aberdeen and appointed a new corporate finance team.
Read on www.scottishfinancialnews.com →
Bank of Scotland-owner Lloyds beats forecasts despite first half profit drop
Published 10 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.
Read on www.scottishfinancialnews.com →
Scottish Enterprise offers path to growth with £500,000 grant programme
Published 10 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.
Read on www.scottishfinancialnews.com →
MHA posts record £180m turnover following Scottish expansion
Published 10 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.
Read on www.scottishfinancialnews.com →
Scottish insolvencies down, but still higher than pre-pandemic levels
Published 10 months ago
Scotland’s corporate insolvencies dipped by 3.1% in Q1 2024-2025 compared to the previous fiscal year, totalling 283.
Read on www.scottishfinancialnews.com →
Proserv completes management buyout and introduces employee ownership
Published 10 months ago
Aberdeen-headquartered Proserv has undergone a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company’s 60-year history.
Read on www.scottishfinancialnews.com →
Regulator confirms plan to protect access to cash for consumers and small businesses
Published 10 months ago
Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules announced today by the Financial Conduct Authority (FCA).
Read on www.scottishfinancialnews.com →
Aberdeen City Council provides £1.1m to revitalise Union Street businesses
Published 10 months ago
A total of six new traders – and four more to come shortly – have opened on the Granite Mile in the last year thanks to the £195,000 Union Street Empty Shops Grant Scheme, helping to bring the number of vacant units down from 47 to 38.
Read on www.scottishfinancialnews.com →
Competition drives mortgage rates below 4%
Published 10 months ago
UK mortgage rates have fallen, with the lowest five-year fixed rate dropping below 4% for the first time since April 2024.
Read on www.scottishfinancialnews.com →
Over 2,000 attendees to explore future of finance at 7th FinTech Scotland Festival
Published 10 months ago
FinTech Scotland has announced the launch of the 7th Annual FinTech Scotland Festival, running from 25 September 25 to 4 October 2024.
Read on www.scottishfinancialnews.com →
RBS agrees £50m funding deal with social landlord
Published 10 months ago
Together Housing Group (THG), a social housing provider in the North of England, has secured a £50 million loan from the Royal Bank of Scotland to upgrade its 38,000 properties
Read on www.scottishfinancialnews.com →
Edinburgh reclaims top spot for foreign investment outside London
Published 10 months ago
Edinburgh has reclaimed its position as the top UK city outside London for foreign direct investment (FDI), surpassing Greater Manchester, according to a new study.
Read on www.scottishfinancialnews.com →
CMA clears Nationwide’s £2.9bn Virgin Money takeover
Published 10 months ago
The Competition and Markets Authority (CMA) has approved Nationwide Building Society’s £2.9 billion acquisition of Virgin Money UK.
Read on www.scottishfinancialnews.com →