Finance
Wage surge outpaces inflation
Published 1 year ago
August has witnessed a sustained surge in wages, one of the fastest since records began in 2001, according to the Office for National Statistics (ONS), sparking concerns over persistent inflation contrary to the Bank of England’s expectations.
Read on www.scottishfinancialnews.com →
Scotgold in advanced talks with new backer
Published 1 year ago
Scotland’s sole gold mining company Scotgold Resources has updated shareholders saying it is currently in advanced talks with a prospective new investor, following the withdrawal of a previous party earlier this month.
Read on www.scottishfinancialnews.com →
Beta Bugs secures £1.72m to boost sustainable animal feed
Published 1 year ago
Scottish biotech firm Beta Bugs Limited, specialising in insect genetics, has garnered a £1.72 million investment to bolster its production and supply of Black Soldier Fly eggs and larvae to the insect farming sector, as a sustainable alternative to current sources of protein for animal feed.
Read on www.scottishfinancialnews.com →
Wylie & Bisset urges SMEs to tackle late payment through automation
Published 1 year ago
While welcoming the UK government’s plans to launch more stringent initiatives to curtail the persistent problem of late payments to SMEs as a step in the right direction, Wylie & Bisset, Accountants and Business Advisers, notes that the initiatives apply only to larger businesses with a turnover in excess of £10 million.
Read on www.scottishfinancialnews.com →
Deloitte: Debt falls out of favour with finance leaders
Published 1 year ago
In light of heightened interest rates, Deloitte’s Q3 CFO survey has revealed a significant strategic shift among finance leaders of the UK’s largest businesses, including those based in Scotland.
Read on www.scottishfinancialnews.com →
EY: Slow growth forecasted, but recession unlikely
Published 1 year ago
Despite prevailing economic challenges, the UK is poised to evade a recession, although growth is anticipated to be slow through 2023 and 2024, the EY ITEM Club’s Autumn Forecast has revealed.
Read on www.scottishfinancialnews.com →
Par Equity ignites Scottish tech scene with £100m venture fund launch
Published 1 year ago
Edinburgh-based venture capital firm Par Equity has launched its new venture fund, Par Equity Ventures I LP, with an initial closure of £67 million, aiming for a full fund size of £100m
Read on www.scottishfinancialnews.com →
CIOT urges stricter EOT regulations to nurture genuine employee ownership
Published 1 year ago
“Rigorous” rules are required to prevent the exploitation of Employee-Ownership Trust (EOT) tax benefits, says the Chartered Institute of Taxation (CIOT).
Read on www.scottishfinancialnews.com →
AAB Wealth takes home top planning firm award
Published 1 year ago
Independent chartered financial planning firm AAB Wealth has been awarded the ‘Chartered Financial Planning Firm of the Year’ award at the Personal Finance Society Awards 2023/24.
Read on www.scottishfinancialnews.com →
Scottish business insolvencies dip 16% in September
Published 1 year ago
Scotland has witnessed a 16% decrease in registered company insolvencies in September compared to the same period in the previous year, according to the latest statistics from Companies House.
Read on www.scottishfinancialnews.com →
SNIB £2.6m investment into cybersecurity will help tackle harmful online content
Published 1 year ago
The Scottish National Investment Bank (SNIB) has today announced a £2.6 million investment into cybersecurity expert, Cyacomb.
Read on www.scottishfinancialnews.com →
Modest recovery observed in UK’s August GDP
Published 1 year ago
The UK economy has demonstrated a slight recovery with a 0.2% month-on-month increase in GDP in August, a modest upswing following July’s significant 0.6% decline, according to the latest ONS figures.
Read on www.scottishfinancialnews.com →
Edinburgh top for innovation in the UK beyond the ‘Golden Triangle’
Published 1 year ago
Edinburgh and its surrounding area has emerged as the UK’s top innovation-led cluster for equity deals outside of the ‘Golden Triangle’ of Greater London, Oxford, and Cambridge, according to a new report launched today by the British Business Bank.
Read on www.scottishfinancialnews.com →
Mossgiel Organic Farm secures funding facility to help moov with the times
Published 1 year ago
The farmer in charge of one of a Scottish organic dairy farms is looking to expand his range of dairy products, forge new business relationships and better manage his cashflow thanks to a tailored Invoice Finance facility from Optimum Finance.
Read on www.scottishnews.com →
Alba Bank and Mambu join forces to elevate SME banking experience
Published 1 year ago
In a bold step to further support underserved SMEs, challenger bank Alba Bank, founded in Glasgow in 2018 by entrepreneur Jim McColl, has partnered with Mambu’s cloud banking platform, aiming to better manage its lending services and both retail and business deposits.
Read on www.scottishfinancialnews.com →
Wage surge outpaces inflation
Published 1 year ago
August has witnessed a sustained surge in wages, one of the fastest since records began in 2001, according to the Office for National Statistics (ONS), sparking concerns over persistent inflation contrary to the Bank of England’s expectations.
Read on www.scottishfinancialnews.com →
Scotgold in advanced talks with new backer
Published 1 year ago
Scotland’s sole gold mining company Scotgold Resources has updated shareholders saying it is currently in advanced talks with a prospective new investor, following the withdrawal of a previous party earlier this month.
Read on www.scottishfinancialnews.com →
Beta Bugs secures £1.72m to boost sustainable animal feed
Published 1 year ago
Scottish biotech firm Beta Bugs Limited, specialising in insect genetics, has garnered a £1.72 million investment to bolster its production and supply of Black Soldier Fly eggs and larvae to the insect farming sector, as a sustainable alternative to current sources of protein for animal feed.
Read on www.scottishfinancialnews.com →
Wylie & Bisset urges SMEs to tackle late payment through automation
Published 1 year ago
While welcoming the UK government’s plans to launch more stringent initiatives to curtail the persistent problem of late payments to SMEs as a step in the right direction, Wylie & Bisset, Accountants and Business Advisers, notes that the initiatives apply only to larger businesses with a turnover in excess of £10 million.
Read on www.scottishfinancialnews.com →
Deloitte: Debt falls out of favour with finance leaders
Published 1 year ago
In light of heightened interest rates, Deloitte’s Q3 CFO survey has revealed a significant strategic shift among finance leaders of the UK’s largest businesses, including those based in Scotland.
Read on www.scottishfinancialnews.com →
EY: Slow growth forecasted, but recession unlikely
Published 1 year ago
Despite prevailing economic challenges, the UK is poised to evade a recession, although growth is anticipated to be slow through 2023 and 2024, the EY ITEM Club’s Autumn Forecast has revealed.
Read on www.scottishfinancialnews.com →
Par Equity ignites Scottish tech scene with £100m venture fund launch
Published 1 year ago
Edinburgh-based venture capital firm Par Equity has launched its new venture fund, Par Equity Ventures I LP, with an initial closure of £67 million, aiming for a full fund size of £100m
Read on www.scottishfinancialnews.com →
CIOT urges stricter EOT regulations to nurture genuine employee ownership
Published 1 year ago
“Rigorous” rules are required to prevent the exploitation of Employee-Ownership Trust (EOT) tax benefits, says the Chartered Institute of Taxation (CIOT).
Read on www.scottishfinancialnews.com →
AAB Wealth takes home top planning firm award
Published 1 year ago
Independent chartered financial planning firm AAB Wealth has been awarded the ‘Chartered Financial Planning Firm of the Year’ award at the Personal Finance Society Awards 2023/24.
Read on www.scottishfinancialnews.com →
Scottish business insolvencies dip 16% in September
Published 1 year ago
Scotland has witnessed a 16% decrease in registered company insolvencies in September compared to the same period in the previous year, according to the latest statistics from Companies House.
Read on www.scottishfinancialnews.com →
SNIB £2.6m investment into cybersecurity will help tackle harmful online content
Published 1 year ago
The Scottish National Investment Bank (SNIB) has today announced a £2.6 million investment into cybersecurity expert, Cyacomb.
Read on www.scottishfinancialnews.com →
Modest recovery observed in UK’s August GDP
Published 1 year ago
The UK economy has demonstrated a slight recovery with a 0.2% month-on-month increase in GDP in August, a modest upswing following July’s significant 0.6% decline, according to the latest ONS figures.
Read on www.scottishfinancialnews.com →
Edinburgh top for innovation in the UK beyond the ‘Golden Triangle’
Published 1 year ago
Edinburgh and its surrounding area has emerged as the UK’s top innovation-led cluster for equity deals outside of the ‘Golden Triangle’ of Greater London, Oxford, and Cambridge, according to a new report launched today by the British Business Bank.
Read on www.scottishfinancialnews.com →
Mossgiel Organic Farm secures funding facility to help moov with the times
Published 1 year ago
The farmer in charge of one of a Scottish organic dairy farms is looking to expand his range of dairy products, forge new business relationships and better manage his cashflow thanks to a tailored Invoice Finance facility from Optimum Finance.
Read on www.scottishnews.com →
Alba Bank and Mambu join forces to elevate SME banking experience
Published 1 year ago
In a bold step to further support underserved SMEs, challenger bank Alba Bank, founded in Glasgow in 2018 by entrepreneur Jim McColl, has partnered with Mambu’s cloud banking platform, aiming to better manage its lending services and both retail and business deposits.
Read on www.scottishfinancialnews.com →