ScottishNews.com

Finance

AAB introduces ESG division to navigate increasing regulatory compliance

Published 1 year ago

In response to evolving global ESG reporting regulations, AAB Group has introduced a dedicated ESG division.

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Scottish Building Society hits £490m savings milestone

Published 1 year ago

Scottish Building Society, the world’s oldest remaining mutual, has posted its highest ever savings balance recorded in its 175-year history.

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Scotland draws thousands more taxpayers than it loses

Published 1 year ago

Thousands more taxpayers moved to Scotland than left each year in the period after Scottish Income Tax was brought in, new HMRC research has found.

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Big Four firm expands hiring of former inmates

Published 1 year ago

A Big Four accounting firm has announced plans to expand its hiring of ex-offenders following a successful two-year trial period.

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Scottish corporate insolvencies drop 13.0% year-on-year

Published 1 year ago

Scottish corporate insolvencies have decreased from 346 in Q4 2022-23 to 301 in Q4 2023-24, according to the latest insolvency data statistics from Accountant in Bankruptcy (AiB).

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Ashton McGill eyes £1m revenue as turnover growth surges 41%

Published 1 year ago

Dundee-based accountancy firm Ashton McGill, which is founded by father and son Alasdair and Andrew McGill, is pleased to announce business growth which resulted in a 41% increase in annual turnover for 2023.

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Capital Credit Union’s loan book hits record £25 million

Published 1 year ago

Edinburgh-based ethical financial institution Capital Credit Union (CCU) has announced that its loan book has exceeded £25 million for the first time in its 35-year history.

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Scottish startups secure £100m of venture capital during Q1

Published 1 year ago

The first quarter of 2024 has seen nearly £100 million invested in Scottish businesses, according to KPMG UK.

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Investment Fund for Scotland commits £5m to support growth of smaller businesses

Published 1 year ago

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy.

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Scotland urged to fast-track investment zones and freeports amid foreign investment dip

Published 1 year ago

Wright, Johnston & Mackenzie is calling for for accelerated progress on investment zones and freeports to bolster economic growth, after its analysis showed a concerning downturn of foreign interest in Scottish businesses.

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Woodland Kitchens acquires Dundee’s JTC Furniture Group

Published 1 year ago

Northern Irish manufacturer and supplier of kitchen, bedroom and bathroom furniture, Woodland Kitchens, has agreed a deal to acquire Dundee-headquartered, JTC Furniture Group, in a transaction backed by investment from growth capital investor BGF.

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Scotland faces ‘sustained increase’ in company administrations in Q1 2024

Published 1 year ago

The number of companies in Scotland filing for administration has hit its highest Q1 rate since before COVID-19, according to figures from Interpath Advisory.

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Scottish Friendly enhances junior ISA policy with maturity guarantee and cash incentive

Published 1 year ago

Financial mutual Scottish Friendly has added a guarantee at the maturity date of its Junior ISA (JISA) policy for with-profits investors, to help more UK families invest for their children’s future with some peace of mind.

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Edinburgh achieves record year for living wage accreditations

Published 1 year ago

Edinburgh has experienced its most successful year of living wage accreditations to date.

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RBS to shutter one-fifth of branches

Published 1 year ago

The Royal Bank of Scotland (RBS) has revealed plans to close a further 18 out of its 86 branches, including three in Edinburgh.

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