Finance
SRC: Storms exert heavy toll on Scotland’s shopper footfall
Published 1 year ago
Scotland’s retail sector felt the brunt of severe October storms, with shopper footfall witnessing a significant drop, according to the latest data from SRC-Sensormatic IQ.
Read on www.scottishfinancialnews.com →
Scottish SMEs in financial tightrope as costs impede growth investments
Published 1 year ago
Scottish small and medium-sized enterprises (SMEs) are grappling with surging operational and supply chain expenses, impeding their capacity to invest in growth opportunities, according to research by business lender Simply Asset Finance.
Read on www.scottishfinancialnews.com →
Corporate insolvencies in Scotland rise over 20% year-on-year
Published 1 year ago
The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.
Read on www.scottishfinancialnews.com →
Bank of England maintains base rate at 5.25%
Published 1 year ago
The Bank of England (BoE) has voted to maintain the base interest rate at 5.25% for the second consecutive time, signalling a continued tight monetary stance into the foreseeable future against a backdrop of persistent inflation and subdued economic growth.
Read on www.scottishfinancialnews.com →
Downing Property Finance receives £75m facility to bolster development finance
Published 1 year ago
Responsible investor Downing LLP’s Property Finance Team has received a £75 million sustainability-linked facility from HSBC.
Read on www.scottishconstructionnow.com →
Scottish plumbing supplier on track to hit £7m turnover
Published 1 year ago
Heating, Plumbing & Parts (HPP), a Scottish supplier, has grown its status as one of Scotland’s principal distributors in the plumbing, heating, and bathroom sector, following support from Business Gateway.
Read on www.scottishfinancialnews.com →
Scottish GDP inches up 0.1% in August
Published 1 year ago
In the latest economic update, Scotland’s onshore GDP reported a slight increase of 0.1% in August.
Read on www.scottishfinancialnews.com →
Scottish Government pledges £2.9m to boost inclusive entrepreneurship
Published 1 year ago
The Scottish Government has unveiled new funding initiatives aimed at promoting entrepreneurship among under-represented communities.
Read on www.scottishfinancialnews.com →
DJ Alexander: An anticipated cut to Inheritance tax would be welcome
Published 1 year ago
Recent reports indicating that the UK government is contemplating a reduction, and eventual abolition, of Inheritance Tax (IHT), have been welcomed by Scottish estate and letting agency DJ Alexander Ltd.
Read on www.scottishfinancialnews.com →
Azets: Scottish businesses to brace for tax hikes and shrinking allowances
Published 1 year ago
Soaring corporation taxes of up to 25%, shrinking allowances and new advance payment rules are projected to affect more than 40% of Scots’ businesses with year ends between December 2023 and March 2024, seriously affecting cash flow and investment, a business tax expert has warned.
Read on www.scottishfinancialnews.com →
Penrhos Bio secures further £3m in Series A funding round
Published 1 year ago
Scottish cleantech bioscience firm Penrhos Bio has successfully secured a further £3 million in Capital through its Series A funding round.
Read on www.scottishfinancialnews.com →
Bank of Scotland: Individual business optimism persists despite overall confidence drop
Published 1 year ago
Business confidence in Scotland has taken a dip this October, decreasing by seven points to a standing of 26%, according to the latest Bank of Scotland Business Barometer.
Read on www.scottishfinancialnews.com →
Scottish Housing Regulator highlights challenges as social landlords secure further £578m
Published 1 year ago
Scottish Registered Social Landlords (RSLs) have shown resilience, securing the confidence of both lenders and investors, according to the latest report from the Scottish Housing Regulator.
Read on www.scottishfinancialnews.com →
Wylie & Bisset joins calls for charity audit threshold re-evaluation
Published 1 year ago
Accountants and business advisers firm Wylie & Bisset has joined in calling on the Scottish government to urgently address the charity audit threshold disparity between Scotland and England and Wales, suggesting it should be doubled and brought into line with other regions.
Read on www.scottishfinancialnews.com →
Begbies Traynor: Alarming uptick in financial distress for Scottish businesses in Q3
Published 1 year ago
The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties.
Read on www.scottishfinancialnews.com →
SRC: Storms exert heavy toll on Scotland’s shopper footfall
Published 1 year ago
Scotland’s retail sector felt the brunt of severe October storms, with shopper footfall witnessing a significant drop, according to the latest data from SRC-Sensormatic IQ.
Read on www.scottishfinancialnews.com →
Scottish SMEs in financial tightrope as costs impede growth investments
Published 1 year ago
Scottish small and medium-sized enterprises (SMEs) are grappling with surging operational and supply chain expenses, impeding their capacity to invest in growth opportunities, according to research by business lender Simply Asset Finance.
Read on www.scottishfinancialnews.com →
Corporate insolvencies in Scotland rise over 20% year-on-year
Published 1 year ago
The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.
Read on www.scottishfinancialnews.com →
Bank of England maintains base rate at 5.25%
Published 1 year ago
The Bank of England (BoE) has voted to maintain the base interest rate at 5.25% for the second consecutive time, signalling a continued tight monetary stance into the foreseeable future against a backdrop of persistent inflation and subdued economic growth.
Read on www.scottishfinancialnews.com →
Downing Property Finance receives £75m facility to bolster development finance
Published 1 year ago
Responsible investor Downing LLP’s Property Finance Team has received a £75 million sustainability-linked facility from HSBC.
Read on www.scottishconstructionnow.com →
Scottish plumbing supplier on track to hit £7m turnover
Published 1 year ago
Heating, Plumbing & Parts (HPP), a Scottish supplier, has grown its status as one of Scotland’s principal distributors in the plumbing, heating, and bathroom sector, following support from Business Gateway.
Read on www.scottishfinancialnews.com →
Scottish GDP inches up 0.1% in August
Published 1 year ago
In the latest economic update, Scotland’s onshore GDP reported a slight increase of 0.1% in August.
Read on www.scottishfinancialnews.com →
Scottish Government pledges £2.9m to boost inclusive entrepreneurship
Published 1 year ago
The Scottish Government has unveiled new funding initiatives aimed at promoting entrepreneurship among under-represented communities.
Read on www.scottishfinancialnews.com →
DJ Alexander: An anticipated cut to Inheritance tax would be welcome
Published 1 year ago
Recent reports indicating that the UK government is contemplating a reduction, and eventual abolition, of Inheritance Tax (IHT), have been welcomed by Scottish estate and letting agency DJ Alexander Ltd.
Read on www.scottishfinancialnews.com →
Azets: Scottish businesses to brace for tax hikes and shrinking allowances
Published 1 year ago
Soaring corporation taxes of up to 25%, shrinking allowances and new advance payment rules are projected to affect more than 40% of Scots’ businesses with year ends between December 2023 and March 2024, seriously affecting cash flow and investment, a business tax expert has warned.
Read on www.scottishfinancialnews.com →
Penrhos Bio secures further £3m in Series A funding round
Published 1 year ago
Scottish cleantech bioscience firm Penrhos Bio has successfully secured a further £3 million in Capital through its Series A funding round.
Read on www.scottishfinancialnews.com →
Bank of Scotland: Individual business optimism persists despite overall confidence drop
Published 1 year ago
Business confidence in Scotland has taken a dip this October, decreasing by seven points to a standing of 26%, according to the latest Bank of Scotland Business Barometer.
Read on www.scottishfinancialnews.com →
Scottish Housing Regulator highlights challenges as social landlords secure further £578m
Published 1 year ago
Scottish Registered Social Landlords (RSLs) have shown resilience, securing the confidence of both lenders and investors, according to the latest report from the Scottish Housing Regulator.
Read on www.scottishfinancialnews.com →
Wylie & Bisset joins calls for charity audit threshold re-evaluation
Published 1 year ago
Accountants and business advisers firm Wylie & Bisset has joined in calling on the Scottish government to urgently address the charity audit threshold disparity between Scotland and England and Wales, suggesting it should be doubled and brought into line with other regions.
Read on www.scottishfinancialnews.com →
Begbies Traynor: Alarming uptick in financial distress for Scottish businesses in Q3
Published 1 year ago
The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties.
Read on www.scottishfinancialnews.com →