ScottishNews.com

Finance

Haventus secures £100m credit facility from SNIB and UK Infrastructure Bank

Published 1 year ago

Haventus, the energy transition facilities provider, and owner of Ardersier Port, east of Inverness, has secured a £100 million joint credit facility from the Scottish National Investment Bank (the Bank) and UK Infrastructure Bank (UKIB) with £50m investment from each.

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Wood Group turns down £1.4bn takeover bid from Sidara

Published 1 year ago

Aberdeen-based oil services company Wood Group has declined a £1.4 billion takeover offer from Dubai-based rival Sidara, citing the offer as “fundamentally undervalued”.

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Anticipation of future cut grows as BoE votes to hold rate rates again

Published 1 year ago

The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain the Bank Rate at 5.25% in May, but experts say signs of an impending rate cut are clear.

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3t raises $100m for global expansion through Norwegian bond issuance

Published 1 year ago

Scotland-based 3t, a provider of training, learning technologies and simulation solutions for safety-critical industries, has successfully issued bonds on the Norwegian Stock Market, raising $100 million (around £80m) in financing to aid planned strategic acquisitions.

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Scottish small business outlook hits two-year high

Published 1 year ago

Small businesses in Scotland are more optimistic than at any time in the last two years, according to the Federation of Small Businesses (FSB).

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TSB to close 10 more branches across Scotland

Published 1 year ago

TSB has announced a further 10 branch closures across Scotland, as part of a larger operational overhaul comprising 36 bank branches closures and 250 job cuts.

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Citizen Ticket strengthens market position with TicketSellers & Eventree acquisition

Published 1 year ago

Ticketing and bookings platform Citizen Ticket has announced its acquisition of TicketSellers & Eventree, a fellow player in the event ticketing industry with over 25 years of operational excellence, for an undisclosed sum.

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EY: Scotland GVA forecast edges upwards as employment headwinds remain

Published 1 year ago

A tempered rise in Scotland’s Gross Value Added (GVA) by 0.4%, down from the previous 0.7% forecast, is expected according to the latest EY ITEM Club Scottish Spring forecast.

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Scottish retail faces April sales slump amid early Easter and weather woes

Published 1 year ago

Scottish retail sales experienced a notable dip, reflecting a 4.0% year-on-year decrease compared to April 2023 figures, according to the Scottish Retail Consortium and KPMG.

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Accountant marks 30 years in business with book to help SMEs succeed

Published 1 year ago

Marking three decades in the world of business, growth strategist and Chartered Accountant Craig Alexander Rattray unveils his latest endeavour, a book tailored to guide aspiring entrepreneurs on their journey to success.

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Saffery announces Edinburgh team promotions and office relocation

Published 1 year ago

Following a round of promotions, acounting, audit, and tax advisory firm Saffery has signed a lease to move its Edinburgh team to new premises at 9 Haymarket Square later this year.

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ICAS sustainability summit brings together regulatory experts and business leaders

Published 1 year ago

Scotland’s finance professionals and businesspeople gathered at ICAS’ second Sustainability Summit to discuss ever-increasing sustainability and ESG reporting requirements.

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Scotland’s onshore GDP contracts 0.3% in February

Published 1 year ago

Following 0.6% growth in January, Scotland’s economy experienced a slight setback in February 2024, with onshore GDP contracting by 0.3%, according to statistics announced by the Chief Statistician.

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Convenience store group sold out of administration to SPAR Scotland

Published 1 year ago

In a deal facilitated by FRP Advisory, Scottish convenience store chain Eddy’s Food Station has been acquired by SPAR Scotland’s wholesaler, CJ Lang & Son Ltd, for an undisclosed sum.

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Acrisure furthers Scotland strategy with WH&R McCartney acquisition

Published 1 year ago

Acrisure, a global fintech, has acquired Scottish insurance broker WH&R McCartney.

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