ScottishNews.com

Finance

Scottish onshore GDP outpaces UK annually, but Q4 falters

Published 2 months ago

Scotland’s onshore GDP experienced a 0.6% increase in December 2024, according to official statistics.

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Audit Scotland: Fife Council faces £46m savings target amid service strain

Published 2 months ago

Fife Council, having previously maintained services without major cuts, now faces a critical juncture, as a recent Accounts Commission report has highlighted a mixed performance, with deepening inequalities and deteriorating social care.

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Report: Savers reject cash ISA cuts in overwhelming numbers

Published 2 months ago

Research by the Building Societies Association has shown that three-quarters (73%) of UK adults with Cash ISAs are against the UK government scrapping or reducing Cash ISAs.

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Cyber and Fraud Hub supports 228 individuals in cases worth £8m over last six months

Published 2 months ago

The Cyber and Fraud Hub has helped hundreds of individuals protect themselves from financial loss since launching last July.

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SRC seeks action as shop thefts spike by 18%

Published 2 months ago

New figures reveal a significant rise in shoplifting across Scotland, with a reported 18% increase in the year ending December 2024.

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Scott James & Associates surpasses £240m funds under management after acquisition

Published 2 months ago

Financial planning and investment specialist Scott James & Associates has significantly expanded its operations with the acquisition of a fellow St. James’s Place (SJP) partner practice.

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Glasgow R&D firm Minerva Innovation targets client doubling in 2025

Published 2 months ago

Glasgow-based Minerva Innovation Group, specialising in R&D tax relief for businesses, aims to double its client base in 2025.

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Foresight Group leads £3.4m investment in Scottish biotech firm

Published 2 months ago

Scottish biotech engineering company uFraction8 has secured £3.4 million in new investment following the completion of a funding round led by Foresight Group.

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BDO: Increase in zombie companies in Scottish mid-market as challenging economic conditions continue to bite

Published 2 months ago

A growing number of mid-sized Scottish businesses are at risk of becoming “zombie” companies, according to research by BDO.

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Reward Funding targets £500m loan book after major refinance

Published 2 months ago

Dunfermline-based Reward Funding has finalised a £360 million refinance, a crucial step in its plan to expand its loan book to £500m within three years.

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Five fintechs share £250k to drive financial inclusion

Published 2 months ago

Five fintech firms have each been awarded £50,000 to propel developments that support financial inclusion, accelerate financial resilience and deepen consumer engagement in financial services.

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SLE: UK government’s tax plans ignore Scotland’s farming structure

Published 2 months ago

The impact of tax changes on Scotland’s distinctive farming sector is either severely misunderstood or being deliberately ignored by the UK government, Scottish Land & Estates said today.

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Wood Group CFO resigns amid ‘incorrect description’ of qualifications

Published 2 months ago

Wood Group’s chief financial officer, Arvind Balan, has resigned with immediate effect after admitting to misrepresenting his professional qualifications.

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New Junior ISA sales jump 12% in Q4 2024, despite economic uncertainty

Published 2 months ago

The volume of new Junior ISA (JISA) policies opened across the UK in the last quarter was up 12% on the previous quarter, according to the quarterly Scottish Friendly Investor Index.

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Lloyds announces £1.7bn share buyback as profits slump 20%

Published 2 months ago

Bank of Scotland-owner Lloyds Banking Group has reported a significant 20.4% drop in annual pre-tax profit, falling short of market expectations.

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