ScottishNews.com

Finance

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

Published 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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 2 months 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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Aberdeen invests over £1m in local business growth

Published 2 months ago

Aberdeen City Council has allocated over £1 million in grants to bolster local businesses and organisations, aiming to stimulate community development

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Scottish smaller businesses twice as likely to face barriers to finance as devolved nations peers

Published 2 months ago

Smaller businesses in Scotland are the most likely to say they struggle to access finance among the UK’s devolved nations, according to new research from the British Business Bank in conjunction with Business Gateway.

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Employment confidence grows in Scotland as AI thrives and tax burdens remain

Published 2 months ago

New figures published by the Institute of Directors (IoD) Scotland reveal that employment remains the top concern for Scottish business leaders, but confidence in skill levels is improving.

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Community Wealth Building Bill published

Published 2 months ago

A bill designed to create jobs and drive economic growth across Scotland by promoting investment in communities has been published.

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Jobs and innovation boost as Tay Cities Region Deal reaches £150m midpoint

Published 2 months ago

More than half of the £300 million pledged at the start of the Tay Cities Region Deal (TCRD) has been successfully distributed to projects across the region.

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Scottish company insolvencies surge by 10% in February

Published 3 months ago

Scotland witnessed a 10% increase in company insolvencies in February 2025 compared to the same month in 2024, with 103 businesses entering insolvency.

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