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Finance

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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Employee-owned ITWORX achieves record £4.6m turnover

Published 1 year ago

Aberdeen-headquartered IT managed service provider ITWORX UK has celebrated a record turnover year and a decade of dedication from one of its team members.

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ACCA calls for investment incentives and audit reforms ahead of Autumn Statement

Published 1 year ago

The Association of Chartered Certified Accountants (ACCA) has communicated pressing concerns to the Chancellor ahead of the Autumn Budget Statement, stressing the urgency for financial reforms to stimulate the UK economy.

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KPMG: Scotland’s Q3 £202m venture capital surge defies overall market cautiousness

Published 1 year ago

Venture capital investment in Scottish start-ups has surged in Q3 of 2023, with a total of 28 deals amounting to £202 million, according to KPMG’s latest Venture Pulse report.

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Aberdeen FC achieves £1.1m profit amidst strategic financial turnaround

Published 1 year ago

Aberdeen Football Club has turned a net profit of £1.1 million for the year ending 30 June 2023, a notable rebound from a cumulative net loss of £14.8m.

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Four Scottish businesses feature in Deloitte’s 2023 UK Technology Fast 50 awards

Published 1 year ago

Deloitte has announced the winners of the 2023 UK Technology Fast 50 awards, with four Scottish companies among the ranking and Glasgow company Utopi claiming the inaugural CleanTech award.

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EY: Scotland to avoid recession despite flat economic performance

Published 1 year ago

Resilient consumer spending may have helped the Scottish economy avoid a recession, but economic growth has been flat since Q2 of 2022 and will remain into 2024 when GVA is expected to rise by 0.3%, according to the EY ITEM Club Scottish Autumn forecast.

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New FRC chief takes pragmatic view on Big Four’s audit dominance

Published 1 year ago

Richard Moriarty, the new chief executive of the UK’s Financial Reporting Council (FRC), has expressed his stance on the Big Four firm’s reign over the UK audit market.

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Armstrong Watson: Tax cuts versus inflation in upcoming Autumn Statement

Published 1 year ago

Amidst the economic turbulence of high inflation, soaring public debt, and the highest tax burden since World War Two, Armstrong Watson’s experts comment on what to expect as the Autumn Statement approaches with high anticipation.

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PwC: Black Friday loses sparkle in Scotland as spending tightens

Published 1 year ago

Scottish consumers have begun to increasingly display a diminishing interest the Black Friday sales, with a mere 35% expressing intent to participate in 2023, signalling a significant drop from the previous year’s national interest of 61% to 44%.

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SRC & KPMG: Scottish retailers brace for tight festive season amid sales slowdown

Published 1 year ago

Scottish retailers have faced a daunting start to the crucial festive period, with total sales rising a modest 2.9% in October 2023 compared to the same month last year, falling below both the three-month and twelve-month average increases.

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Economic pressure eases as UK inflation dips to two-year low

Published 1 year ago

The UK’s inflation rate has dipped to a two-year low of 4.6%, signalling a favourable turn in the country’s economic landscape.

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Tax expertise from Henderson Loggie spurs Dundee-based Konglomerate Games’ growth

Published 1 year ago

Dundee-based games development company Konglomerate Games has become a standout in the health gaming industry, with astute tax guidance from Henderson Loggie.

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