ScottishNews.com

Finance

RBS: Economic uncertainty sparks hiring hesitation in 2024

Published 1 year ago

The start of 2024 has experienced a drop in recruitment activity across Scotland, as signalled by the latest Royal Bank of Scotland Report on Jobs survey.

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Begbies Traynor takes the wheel as AAD Transport enters administration

Published 1 year ago

Ken Pattullo and Kenny Craig, of Begbies Traynor, have taken over the administration of Kirriemuir-based haulage firm AAD Transport Ltd.

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Fraser of Allander Institute forecasts modest growth for Scotland in 2024

Published 1 year ago

The Scottish economy is poised for a turnaround in 2024 after experiencing limited growth in 2023, as reported by the Fraser of Allander Institute at the University of Strathclyde.

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Caithness mortgage adviser achieves full qualification status

Published 1 year ago

Louise Cormack, a member of the team at the Wick office of Phil Anderson Financial Services in Caithness, has successfully passed her final exam and is now a fully qualified mortgage adviser.

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Scots households can expect finances to improve but business activity continues to contract

Published 1 year ago

Scotland’s economy is set to gain momentum this year with the prospect of interest rate cuts from May onwards, a continuing fall in inflation, and decreasing energy prices.

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MHA strengthens Scottish presence with Geoghegans merger in Edinburgh

Published 1 year ago

Accountancy group MHA has solidified its presence in Scotland with the merger of Geoghegans, a prominent Edinburgh-based accountancy firm.

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Greenock bathroom retailer ceases trading after two decades

Published 1 year ago

Greenock-based bathroom supplies business Ware With All has succumbed to financial woes, resulting in nine job losses.

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Slow start for 2024 as Scottish retail sales are stunted by storms

Published 1 year ago

Scottish retail sales were stunted in the first four weeks of 2024, according to the latest Scottish Retail Consortium (SCR) and KPMG Scottish Retail Sales Monitor.

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Scottish drone business flies high with support from Business Gateway

Published 1 year ago

A family-run business based in Lanarkshire has successfully expanded its services to offer the latest drone technology across the UK after its owners accessed support from Business Gateway.

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Scottish SMEs receive £1m support to explore additive manufacturing

Published 1 year ago

A £1 million project has encouraged more than 100 small to medium sized enterprises across Scotland’s manufacturing industry to explore the potential of additive manufacturing (AM) techniques – industrial 3D printing – that could add value and open up new commercial opportunities.

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Changes to HNWI definitions bring unintended consequences for women investors and founders

Published 1 year ago

Changes to what constitutes a high-net-worth individual are likely to have the unintended consequence of negatively impacting on women investors and women-founded businesses in Scotland, investment specialists have said.

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Scottish retail weathers January storms and economic chill

Published 1 year ago

There has been a 2.7% decrease in Scottish retail footfall, slightly better than the UK average of 2.8% year-on-year during the period of 31 December 2023 to 27 January 2024, the latest SRC-Sensormatic IQ data reveals.

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Scotland’s GDP contracts slightly in November

Published 1 year ago

Scotland’s onshore GDP faced a marginal contraction of 0.1% in November, a slight improvement from the revised figure of -0.6% in October 2023, according to the latest date announced by the chief statistician.

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FinTech Scotland deepens collaboration with global financial firms for inaugural innovation challenge

Published 1 year ago

FinTech Scotland, in collaboration with professional services supporter Deloitte, and with Tesco Bank, Morgan Stanley and abrdn, has launched a first-of-its-kind innovation challenge.

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Bank of England maintains 5.25% rate, pending inflation clarity

Published 1 year ago

The Bank of England has decided to maintain interest rates at 5.25% for the fourth consecutive meeting, emphasising the need for “more evidence” that inflation is on a sustained downward trajectory before considering rate cuts.

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