Finance
Fraser of Allander: Scottish economy slowly recovering in line with expectations
Published 1 year ago
Economic data in early 2024 is showing that the economy is likely to be recovering hesitantly, as expected, following the contractions in growth in the final part of 2023. This comes in the latest economic assessment from the Fraser of Allander Institute at the University of Strathclyde.
Read on www.scottishfinancialnews.com →
SCC: Cashflow and profitability decline for Scottish businesses as high costs hammer businesses
Published 1 year ago
The first quarter has seen a significant downturn in cashflow and profits for Scottish businesses, with sizeable contractions recorded across four of the five sectors, according to the latest Scottish Chambers of Commerce quarterly economic indicator.
Read on www.scottishfinancialnews.com →
Scottish SMEs to brace for lower R&D tax rewards from April
Published 1 year ago
The financial landscape for Scottish businesses is about to be affected by a game-changing overhaul in R&D tax credits set to kick in on 1 April 2024.
Read on www.scottishfinancialnews.com →
Castle Community Bank posts strong membership growth
Published 1 year ago
Leith-headquartered Castle Community Bank has reported a year of strong growth for 2023 at its AGM, with total membership figures up to over 46,000 in September.
Read on www.scottishfinancialnews.com →
Unity Trust Bank tops £1bn lending for social impact
Published 1 year ago
Unity Trust Bank, which supports organisations delivering positive social impact across the UK, has reported record lending of over £1 billion in its 2023 annual results.
Read on www.scottishfinancialnews.com →
Investment in Scottish firms almost halves to £359m during 2023
Published 1 year ago
A KPMG report has revealed that 115 Scottish companies received over £359 million in venture capital (VC) funding in 2023 – almost half the 2022 total.
Read on www.scottishfinancialnews.com →
N4 Partners takes majority stake in Opulus Financial
Published 1 year ago
N4 Partners has completed a further seven-figure investment to become the majority shareholder of accounting, tax and audit firm Opulus Financial.
Read on www.scottishfinancialnews.com →
Azets manages provisional liquidation of Dumfriesshire Haulage firm
Published 1 year ago
Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company’s director.
Read on www.scottishfinancialnews.com →
RBS-owner NatWest commits £5 billion to tackle housing crisis
Published 1 year ago
Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years
Read on www.scottishfinancialnews.com →
Glasgow and Edinburgh climb in global financial centres ranking
Published 1 year ago
Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration.
Read on www.scottishfinancialnews.com →
Profits up as Phoenix Group achieves growth targets early
Published 1 year ago
Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023.
Read on www.scottishfinancialnews.com →
Base interest rate remains at 5.25%
Published 1 year ago
The Bank of England (BoE) has decided to keep interest rates unchanged at 5.25%, despite a drop in inflation to 3.4% in February – the lowest level since September 2021.
Read on www.scottishfinancialnews.com →
78% rise in demand for revenue-based finance in Scotland, data finds
Published 1 year ago
SME funder 365 finance, a fintech supporting business growth within the UK, has reported a 78% increase in demand for their Rev&U revenue-based finance in Scotland, according to the latest year-on-year data.
Read on www.scottishfinancialnews.com →
Nationwide and Virgin Money agree £2.9 billion deal
Published 1 year ago
Nationwide Building Society and Clydesdale Bank-owner Virgin Money have formally agreed on the £2.9 billion acquisition deal proposed earlier this month.
Read on www.scottishfinancialnews.com →
Mazars achieves double-digit growth across Scottish offices
Published 1 year ago
International audit, tax, and advisory firm Mazars has reported double-digit revenue growth across its Scottish offices for the financial year ending August 2023, as the firm’s teams in Edinburgh and Glasgow achieved a combined 13% revenue increase, up 4% from the previous year.
Read on www.scottishfinancialnews.com →
Fraser of Allander: Scottish economy slowly recovering in line with expectations
Published 1 year ago
Economic data in early 2024 is showing that the economy is likely to be recovering hesitantly, as expected, following the contractions in growth in the final part of 2023. This comes in the latest economic assessment from the Fraser of Allander Institute at the University of Strathclyde.
Read on www.scottishfinancialnews.com →
SCC: Cashflow and profitability decline for Scottish businesses as high costs hammer businesses
Published 1 year ago
The first quarter has seen a significant downturn in cashflow and profits for Scottish businesses, with sizeable contractions recorded across four of the five sectors, according to the latest Scottish Chambers of Commerce quarterly economic indicator.
Read on www.scottishfinancialnews.com →
Scottish SMEs to brace for lower R&D tax rewards from April
Published 1 year ago
The financial landscape for Scottish businesses is about to be affected by a game-changing overhaul in R&D tax credits set to kick in on 1 April 2024.
Read on www.scottishfinancialnews.com →
Castle Community Bank posts strong membership growth
Published 1 year ago
Leith-headquartered Castle Community Bank has reported a year of strong growth for 2023 at its AGM, with total membership figures up to over 46,000 in September.
Read on www.scottishfinancialnews.com →
Unity Trust Bank tops £1bn lending for social impact
Published 1 year ago
Unity Trust Bank, which supports organisations delivering positive social impact across the UK, has reported record lending of over £1 billion in its 2023 annual results.
Read on www.scottishfinancialnews.com →
Investment in Scottish firms almost halves to £359m during 2023
Published 1 year ago
A KPMG report has revealed that 115 Scottish companies received over £359 million in venture capital (VC) funding in 2023 – almost half the 2022 total.
Read on www.scottishfinancialnews.com →
N4 Partners takes majority stake in Opulus Financial
Published 1 year ago
N4 Partners has completed a further seven-figure investment to become the majority shareholder of accounting, tax and audit firm Opulus Financial.
Read on www.scottishfinancialnews.com →
Azets manages provisional liquidation of Dumfriesshire Haulage firm
Published 1 year ago
Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company’s director.
Read on www.scottishfinancialnews.com →
RBS-owner NatWest commits £5 billion to tackle housing crisis
Published 1 year ago
Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years
Read on www.scottishfinancialnews.com →
Glasgow and Edinburgh climb in global financial centres ranking
Published 1 year ago
Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration.
Read on www.scottishfinancialnews.com →
Profits up as Phoenix Group achieves growth targets early
Published 1 year ago
Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023.
Read on www.scottishfinancialnews.com →
Base interest rate remains at 5.25%
Published 1 year ago
The Bank of England (BoE) has decided to keep interest rates unchanged at 5.25%, despite a drop in inflation to 3.4% in February – the lowest level since September 2021.
Read on www.scottishfinancialnews.com →
78% rise in demand for revenue-based finance in Scotland, data finds
Published 1 year ago
SME funder 365 finance, a fintech supporting business growth within the UK, has reported a 78% increase in demand for their Rev&U revenue-based finance in Scotland, according to the latest year-on-year data.
Read on www.scottishfinancialnews.com →
Nationwide and Virgin Money agree £2.9 billion deal
Published 1 year ago
Nationwide Building Society and Clydesdale Bank-owner Virgin Money have formally agreed on the £2.9 billion acquisition deal proposed earlier this month.
Read on www.scottishfinancialnews.com →
Mazars achieves double-digit growth across Scottish offices
Published 1 year ago
International audit, tax, and advisory firm Mazars has reported double-digit revenue growth across its Scottish offices for the financial year ending August 2023, as the firm’s teams in Edinburgh and Glasgow achieved a combined 13% revenue increase, up 4% from the previous year.
Read on www.scottishfinancialnews.com →