ScottishNews.com

Finance

PwC: Scots consumers set to cut Christmas spending

Published 1 year ago

Scottish consumers are preparing for a more frugal festive season, as financial pressures cause a significant reduction in holiday spending, according to PwC’s latest Festive Predictions.

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Eos announces two executive appointments

Published 1 year ago

St Andrews-based impact investment firm Eos Advisory LLP has announced a series of executive appointments, bringing the firm’s headcount to 11.

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Scottish EDGE invests £1.5m into 38 early-stage high-growth businesses

Published 1 year ago

Some 38 Scottish businesses with high-growth potential have received a much-needed £1.5 million in funding in the 22nd round of the Scottish EDGE awards.

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Macduff Shipyards remains buoyant with near 50% increase in pre-tax profits

Published 1 year ago

Macduff Shipyards has hailed a successful year as the firm posted a near-50% increase in pre-tax profits to £2.59 million.

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Scotgold Resources appoints administrators putting over 80 jobs at risk

Published 1 year ago

Scotgold Resources has appointed Daniel Bredenkamp and Christopher Pattinson of Australia-based Pitcher Partners Accountants and Advisors (WA) as joint and several administrators.

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Virgin Money invests £130m in AI to strengthen defences against growing cyber risks

Published 1 year ago

Clydesdale Bank-owner Virgin Money, headquartered in Glasgow, has revealed a strategic investment of £130 million in artificial intelligence (AI) and new technologies aimed at bolstering its defences against cybercrime and securing the future of the business.

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Sauchiehall Street RBS branch to close as NatWest cuts deepen

Published 1 year ago

RBS-owner NatWest Group has announced the closure of its prominent RBS branch on Glasgow’s Sauchiehall Street, adding to the spate of bank shutdowns throughout the UK, with 18 additional NatWest branches slated to close south of the border.

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Experian: AAB leads the field in Scottish M&A activity

Published 1 year ago

In its latest review for the third quarter Experian reported a notable downturn in M&A activity across Scotland, with deals totalling £4.9 billion in value, marking the fourth consecutive period of decline.  

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Macfarlane Group expects profits to beat last year despite revenue dip

Published 1 year ago

The board of Glasgow-headquartered protective packaging specialist Macfarlane Group has released a trading update for the period from 1 January to 31 October 2023.

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Scots tax experts weigh in on the Autumn Statement’s economic impacts for businesses and workers

Published 1 year ago

The Chancellor’s Autumn Statement of 2023 has been met with a mixed reception from Scottish tax experts, who highlight both positives and concerns in the outlined fiscal plans.

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Geoff O’Brien rejoins Assetz Capital to spearhead £200m Scottish market lending goal

Published 1 year ago

Property development lender Assetz Capital has reappointed Geoff O’Brien as relationship director in Scotland.

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White Oak lends £40m to Scottish SMEs in 2023

Published 1 year ago

White Oak, a UK-based non-bank lender, has provided £40 million to Scottish SMEs so far this year as it continues to champion the growth of small businesses across the country.

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Scottish SMEs urged to check for letters giving them six months to resolve banking complaints

Published 1 year ago

The Business Banking Resolution Service (BBRS) is appealing directly to business in Scotland to see if their unresolved banking disputes can be tackled.

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Chancellor unveils sweeping tax cuts and investment in Autumn Statement

Published 1 year ago

Chancellor Jeremy Hunt has announced a slew of financial measures aimed at bolstering the economy by aiding businesses, pensioners, the hospitality industry, and the self-employed.

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Alba Bank gears up for SME lending with nCino partnership

Published 1 year ago

Alba Bank has taken a significant leap in bolstering the SME sector by integrating nCino’s cloud banking platform.

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