ScottishNews.com

Finance

Scotland’s asset management sector targets £1tn with new growth plan

Published 6 months ago

Industry leaders have set out ambitious plans to unlock growth in Scotland’s globally-renowned asset management sector.

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FCA unveils plans to cut red tape for UK insurance sector

Published 6 months ago

The UK’s insurance market may soon operate under simpler, more straightforward regulations, according to proposals released by the Financial Conduct Authority (FCA).

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Ex-council worker who embezzled £1m to repay just under half

Published 6 months ago

A former local authority employee who embezzled more than £1 million from Aberdeen City Council over a 17-year period has been ordered to repay more than £165,000 under proceeds of crime laws.

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Terra Firma’s Derek Francis awarded CIOT & ATT Certificate of Merit and Appreciation

Published 6 months ago

Terra Firma Chambers’ Derek Francis has been awarded the Chartered Institute of Taxation and Association of Taxation Technicians Certificate of Merit and Appreciation at the CIOT and ATT Joint Presidents’ Reception held last Thursday at The Royal Yacht Britannia, Edinburgh.

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Azets to handle administration of Paisley medical gas specialist HPI

Published 6 months ago

Medical gas pipeline specialist Hospital Pipeline Installations Limited (HPI) has entered administration, with Blair Milne and James Fennessey of Azets appointed as joint administrators.

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ACCA: Scottish accountants embrace AI, outpacing global peers

Published 6 months ago

Scottish accountants are demonstrating a notably positive stance towards Artificial Intelligence (AI), embracing the technology more readily and with less concern than their global counterparts, according to new data from the ACCA (Association of Chartered Certified Accountants).

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Scots lead UK with 19% ISA investment surge in Q1

Published 6 months ago

Scottish investors demonstrated a strong start to the year, with initial contributions to new individual savings accounts (ISAs) surging by an average of 19% in the first quarter of 2025 – the biggest quarterly rise of any UK region, according to Scottish Friendly.

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Macfarlane confirms full year outlook and share buyback despite drop in profits

Published 6 months ago

Glasgow-headquartered Macfarlane Group Plc has reported that its expectations for the full year remain unchanged, despite a mixed first quarter in 2025.

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SCC: First Minister’s Programme for Government needs to prioritise Scottish businesses

Published 6 months ago

The Scottish Chambers of Commerce (SCC) has called for an immediate focus on business at the heart of today’s Programme for Government review.

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Aberdeen recruiter TMM transfers ownership to staff

Published 6 months ago

Aberdeen-based TMM Recruitment has transitioned to employee ownership, giving its 32-strong workforce a significant role in shaping the company’s future.

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James Hallam launches Edinburgh office with three new client directors

Published 6 months ago

Insurance broker James Hallam has bolstering its Scottish operations with the opening of a new office in Edinburgh and appointment of Jamie Johnstone as client director and head of office to lead the new venture.

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RSM: Challenging outlook for Scottish hotels as occupancy and rates fall

Published 6 months ago

Occupancy and room rates dipped slightly for Scotland’s hotel sector in March, with further headwinds expected amidst the increase to employers’ National Insurance contributions from April, according to the RSM Hotels Tracker.

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From ‘Betty’ to big data – how AI is reshaping Scotland’s accountancy landscape

Published 6 months ago

As artificial intelligence (AI) rapidly moves from a futuristic concept to a practical tool within the accountancy profession, firms across Scotland are grappling with its potential, integrating AI to enhance efficiency while navigating the risks and ethical considerations.

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Just Transition Fund reopens for applications

Published 6 months ago

Communities across the North East and Moray will benefit from over £8 million of funding to create jobs in low carbon industries and enhance green and net zero skills.

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Taxpayers’ stake in bailed-out RBS drops below 3%

Published 7 months ago

The UK government’s shareholding in NatWest Group has fallen below 3%, marking a significant milestone in returning the bank to full private ownership following its £46 billion bailout during the 2008 financial crisis.

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