ScottishNews.com

Finance

Henderson Loggie appointed liquidator of Tayport food processing equipment business Foodmek Ltd

Published 1 year ago

The directors of Tayport-based Foodmek Ltd have applied to the court to appoint insolvency specialist Shona Campbell of Henderson Loggie as liquidator. Closure of the 52-year-old firm affects 32 jobs.

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RBS: Scottish private sector hit by September slowdown

Published 1 year ago

Scotland’s private sector experienced a decline in September, with output falling for the first time since January, according to Royal Bank of Scotland’s (RBS) latest PMI survey.

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Recast Sports revived under founder’s ownership

Published 1 year ago

Edinburgh-based sports streaming platform Recast Sports has been reacquired out of administration by founder Andy Meikle through Content Technology Partners (CTP), a firm in which he holds a significant stake.

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British Business Bank launches new £150m investment fund for Scottish businesses

Published 1 year ago

The British Business Bank has unveiled its new £150 million Investment Fund for Scotland, unlocking additional funding to help smaller businesses to prosper and thrive.

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Beeks Financial Cloud sees revenues surge 22% to £22.4m

Published 1 year ago

Renfrewshire-based Beeks Financial Cloud has reported a year of continued growth, underscoring its increasingly influential presence in the global financial services sector.

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ICAS warns of HMRC service decline post civil servant cap

Published 1 year ago

The Institute of Chartered Accountants of Scotland (ICAS) has raised concerns in response to the Chancellor’s announcement proclaiming an immediate cap on the Civil Service headcount.

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MHA extends reach into Scotland through merger with Meston Reid & Co

Published 1 year ago

UK accountancy group MHA has announced a merger with Aberdeen-based Meston Reid & Co.

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Scotgold places staff on unpaid leave as financial strain intensifies

Published 1 year ago

Scotland’s sole commercial gold miner, Scotgold Resources, has placed the majority of its staff on unpaid leave “until further notice” as it continues to grapple with significant financial constraints.

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Arnold Clark pays whooping £67m dividend to family owners

Published 1 year ago

Family-owned car dealership Arnold Clark has paid £67 million worth of dividends to the family owners, a sum almost equivalent to the company’s furlough payments during the pandemic.

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St Andrews Links Trust reports financial turnaround with £3.7m profit

Published 1 year ago

The organisation managing the St Andrews Old Course has experienced a financial turnaround with a return to pre-pandemic revenue levels, posting a profit of £3.7 million in 2022.

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Macfarlane Group expands reach with £3.85m acquisition of B&D Group

Published 1 year ago

Glasgow-based Macfarlane Group has acquired B&D 2010 Group Limited, a Southern England based specialist in protective packaging, in a deal worth £3.85 million.

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New tax checks come into effect for Scottish taxi and private hire drivers

Published 1 year ago

A new regulation has come into effect requiring Scotland’s 29,000 taxi and private hire drivers to undergo HM Revenue and Customs (HMRC) tax checks as a prerequisite for the renewal of their operating licences.

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Martin Gilbert’s AssetCo buys Indian asset manager

Published 1 year ago

Agile asset and wealth management AssetCo has acquired Indian fund manager Ocean Dial Asset Management, purchasing the entire issued share capital from Avendus Capital Asset Management.

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Scottish businesses maintain growth ambitions despite minor confidence dip

Published 1 year ago

Business confidence in Scotland experienced a minor dip in September, dropping three points to 33%, according to the latest Business Barometer by Bank of Scotland Commercial Banking.

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Glasgow City Council unveils new ethical investment strategy

Published 1 year ago

Glasgow City Council has approved a new investment strategy for Glasgow, structured around ethical investment principles.

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