Finance
BR-DGE forges alliance with Sift to bolster payment safety
Published 1 year ago
Edinburgh-based payment orchestration innovator BR-DGE has unveiled a strategic collaboration with digital trust & safety firm Sift to bolster the defence against payment fraud for merchants.
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Bank accounts to be offered to every Scot
Published 1 year ago
Scotland’s banking sector has unveiled a plan to ensure that every resident in Scotland is offered the opportunity to own a basic bank account.
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EY Scotland celebrates promotions amid record UK revenues
Published 1 year ago
EY Scotland welcomes the appointment of nine new partners, 150 promotions and 100 graduates and apprentices, as the firm announces record UK revenues of £3.8 billion in FY23.
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BASF Pharma expands in Lewis with £1.8m warehouse
Published 1 year ago
Life science company BASF Pharma (Callanish Ltd) has opened its £1.8 million consumables warehouse in the Isle of Lewis.
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Business confidence in Scotland remains subdued as challenges continue
Published 1 year ago
Business confidence in Scotland is ahead of the UK average although challenges remain, a survey of chartered accountants published today by ICAEW has found.
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FAI: Scottish economy’s sluggish growth and the road ahead
Published 1 year ago
Subdued growth prospects for the Scottish economy have been highlighted, with predicted growth rates of 0.2% in 2023, 0.7% in 2024, and 1.2% in 2025, according to the University of Strathclyde’s Fraser of Allander Institute.
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Bank of Scotland owner Lloyds’ Q3 profits jump to £1.86bn
Published 1 year ago
Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.
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Reward Finance Group amplifies SME support with £50m from Foresight Group
Published 1 year ago
SME business finance loans and asset-based solutions firm Reward Finance Group, which has an office in Edinburgh, has secured an additional £50 million to its credit line from the alternative investment manager, Foresight Group.
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Aberdeen-headquartered activpayroll expands global reach with LIMES acquisition
Published 1 year ago
Provider of global payroll and HR solutions activpayroll has acquired LIMES International, a firm headquartered in the Netherlands and specialising in global mobility, tax, HR advisory, and payroll management, for an undisclosed amount.
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Corporate insolvencies up nearly 5% year-on-year
Published 1 year ago
Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy.
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Carbon Financial Partners to be acquired by Progeny
Published 1 year ago
Scottish financial advisory firm Carbon Financial Partners is poised for acquisition by Leeds-based professional services company Progeny for an undisclosed sum.
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Glasgow’s Alba Bank partners with ClearBank to manage payments for SMEs
Published 1 year ago
Alba Bank, founded by Scottish entrepreneur Jim McColl, has partnered with ClearBank, the enabler of real-time clearing and embedded banking, to manage payments for its customers.
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SCC: High interest rates preventing investment in Scottish economy
Published 1 year ago
High interest rates are preventing investment in the Scottish economy, according to the latest Scottish Chambers of Commerce Quarterly Economic Indicator.
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Simon Howie boosts profits to over £4.4m despite ‘staggering’ costs increase
Published 1 year ago
Perthshire-based Simon Howie Butchers has seen its pre-tax profits rise to more than £4.4 million despite a “staggering” rise in energy bills.
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CB Technology revenues increase 36% with significant growth in staff
Published 1 year ago
Scotland’s largest independent electronics contract manufacturer, CB Technology, has delivered a 36% increase in turnover for 2022-23, taking its revenues to £14.3 million.
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