ScottishNews.com

Finance

Woodland Kitchens acquires Dundee’s JTC Furniture Group

Published 2 years 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 2 years 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 2 years 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 2 years 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 2 years 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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VINCI Airports agrees to buy majority stake in Edinburgh Airport for £1.27bn

Published 2 years ago

VINCI Airports, a subsidiary of French conglomerate VINCI Concessions, has agreed to purchase an effective 50.01% stake in Edinburgh Airport Limited, the owning company of Edinburgh Airport, for a sum of £1.27 billion.

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Summit to address Scotland’s low innovation funding application rate

Published 2 years ago

Innovation in Scotland is being severely curtailed by very low levels of R&D tax relief and Patent Box claims, a leading innovation tax relief expert has warned ahead of a summit being convened later this month that aims to tackle the issue.

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Orbex rockets ahead with £16.7 million investment boost

Published 2 years ago

Forres-headquartered spaceflight company Orbex has closed an update to its Series C funding round, securing a further £16.7 million from a consortium of six major investors.

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Future Finance initiative launches to drive innovation in Scottish financial sector

Published 2 years ago

Firms in the financial services sector in Scotland have been invited to sign up for a new business and innovation support programme.

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Scotland’s tech firms to vie for global spotlight in KPMG innovator competition

Published 2 years ago

The search for the top tech innovator in Scotland has been launched as part of annual competition to highlight the next great technology business.

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Quantuma liquidators take charge of Scottish tree surgery business

Published 2 years ago

Quantuma’s Edinburgh and Glasgow-based managing directors and insolvency practitioners, Craig Morrison and Ian Wright, have been appointed joint liquidators to Arbroath-based Royal Oak Tree Services Ltd.

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SFE survey reveals tax disparity toll on Scotland’s financial sector

Published 2 years ago

Increasing tax disparity with the rest of the UK is a predominant worry among senior leaders in Scotland’s financial sector is the increasing tax disparity with the rest of the UK, according to Scottish Financial Enterprise (SFE).

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KPMG: Uptake of generative AI grows amongst Scottish financial chiefs

Published 2 years ago

Nearly a third (29%) of senior leaders in the financial services sector in Scotland use generative AI at least once a day at work, according to new research from KPMG UK.

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ICAS welcomes record number of Chartered Accountants

Published 2 years ago

The Institute of Chartered Accountants of Scotland (ICAS) has marked a record year with the highest number of annual admissions in its 170-year history.

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Azets director David Meldrum secures insolvency licence

Published 2 years ago

David Meldrum, director within Azets’ Scottish restructuring and insolvency team, has recently obtained his insolvency licence from ICAS, becoming the firm’s third practitioner to be licensed in Scotland.

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