Finance
Castle Community Bank posts strong membership growth
Published 1 month ago
Leith-headquartered Castle Community Bank has reported a year of strong growth for 2023 at its AGM, with total membership figures up to over 46,000 in September.
Read on www.scottishfinancialnews.com →
Unity Trust Bank tops £1bn lending for social impact
Published 1 month ago
Unity Trust Bank, which supports organisations delivering positive social impact across the UK, has reported record lending of over £1 billion in its 2023 annual results.
Read on www.scottishfinancialnews.com →
Investment in Scottish firms almost halves to £359m during 2023
Published 1 month ago
A KPMG report has revealed that 115 Scottish companies received over £359 million in venture capital (VC) funding in 2023 – almost half the 2022 total.
Read on www.scottishfinancialnews.com →
N4 Partners takes majority stake in Opulus Financial
Published 1 month ago
N4 Partners has completed a further seven-figure investment to become the majority shareholder of accounting, tax and audit firm Opulus Financial.
Read on www.scottishfinancialnews.com →
Azets manages provisional liquidation of Dumfriesshire Haulage firm
Published 1 month ago
Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company’s director.
Read on www.scottishfinancialnews.com →
RBS-owner NatWest commits £5 billion to tackle housing crisis
Published 1 month ago
Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years
Read on www.scottishfinancialnews.com →
Glasgow and Edinburgh climb in global financial centres ranking
Published 1 month ago
Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration.
Read on www.scottishfinancialnews.com →
Profits up as Phoenix Group achieves growth targets early
Published 1 month ago
Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023.
Read on www.scottishfinancialnews.com →
Base interest rate remains at 5.25%
Published 1 month ago
The Bank of England (BoE) has decided to keep interest rates unchanged at 5.25%, despite a drop in inflation to 3.4% in February – the lowest level since September 2021.
Read on www.scottishfinancialnews.com →
78% rise in demand for revenue-based finance in Scotland, data finds
Published 1 month ago
SME funder 365 finance, a fintech supporting business growth within the UK, has reported a 78% increase in demand for their Rev&U revenue-based finance in Scotland, according to the latest year-on-year data.
Read on www.scottishfinancialnews.com →
Nationwide and Virgin Money agree £2.9 billion deal
Published 1 month ago
Nationwide Building Society and Clydesdale Bank-owner Virgin Money have formally agreed on the £2.9 billion acquisition deal proposed earlier this month.
Read on www.scottishfinancialnews.com →
Mazars achieves double-digit growth across Scottish offices
Published 1 month ago
International audit, tax, and advisory firm Mazars has reported double-digit revenue growth across its Scottish offices for the financial year ending August 2023, as the firm’s teams in Edinburgh and Glasgow achieved a combined 13% revenue increase, up 4% from the previous year.
Read on www.scottishfinancialnews.com →
Farmfoods accountant jailed for £275k fraud, ordered to repay £77k
Published 1 month ago
A company accountant jailed for defrauding hundreds of thousands of pounds from his employer over three years has been ordered to hand over £77,000 under proceeds of crime legislation.
Read on www.scottishfinancialnews.com →
Eos Advisory leads £2.5m investment into pioneering tourette’s wearable
Published 1 month ago
St Andrews-based investment firm Eos Advisory has led a £2.5 million investment into Neupulse, a start-up developing the world’s first wearable device aimed at tackling Tourettes Syndrome (TS) and other tic disorders towards commercialisation.
Read on www.scottishfinancialnews.com →
KPMG: Scottish financial sector bullish on Q2 growth
Published 1 month ago
Business leaders in Scotland’s financial services sector have expressed their confidence about business growth for the second quarter of 2024, according to new research from KPMG UK.
Read on www.scottishfinancialnews.com →
Castle Community Bank posts strong membership growth
Published 1 month ago
Leith-headquartered Castle Community Bank has reported a year of strong growth for 2023 at its AGM, with total membership figures up to over 46,000 in September.
Read on www.scottishfinancialnews.com →
Unity Trust Bank tops £1bn lending for social impact
Published 1 month ago
Unity Trust Bank, which supports organisations delivering positive social impact across the UK, has reported record lending of over £1 billion in its 2023 annual results.
Read on www.scottishfinancialnews.com →
Investment in Scottish firms almost halves to £359m during 2023
Published 1 month ago
A KPMG report has revealed that 115 Scottish companies received over £359 million in venture capital (VC) funding in 2023 – almost half the 2022 total.
Read on www.scottishfinancialnews.com →
N4 Partners takes majority stake in Opulus Financial
Published 1 month ago
N4 Partners has completed a further seven-figure investment to become the majority shareholder of accounting, tax and audit firm Opulus Financial.
Read on www.scottishfinancialnews.com →
Azets manages provisional liquidation of Dumfriesshire Haulage firm
Published 1 month ago
Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company’s director.
Read on www.scottishfinancialnews.com →
RBS-owner NatWest commits £5 billion to tackle housing crisis
Published 1 month ago
Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years
Read on www.scottishfinancialnews.com →
Glasgow and Edinburgh climb in global financial centres ranking
Published 1 month ago
Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration.
Read on www.scottishfinancialnews.com →
Profits up as Phoenix Group achieves growth targets early
Published 1 month ago
Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023.
Read on www.scottishfinancialnews.com →
Base interest rate remains at 5.25%
Published 1 month ago
The Bank of England (BoE) has decided to keep interest rates unchanged at 5.25%, despite a drop in inflation to 3.4% in February – the lowest level since September 2021.
Read on www.scottishfinancialnews.com →
78% rise in demand for revenue-based finance in Scotland, data finds
Published 1 month ago
SME funder 365 finance, a fintech supporting business growth within the UK, has reported a 78% increase in demand for their Rev&U revenue-based finance in Scotland, according to the latest year-on-year data.
Read on www.scottishfinancialnews.com →
Nationwide and Virgin Money agree £2.9 billion deal
Published 1 month ago
Nationwide Building Society and Clydesdale Bank-owner Virgin Money have formally agreed on the £2.9 billion acquisition deal proposed earlier this month.
Read on www.scottishfinancialnews.com →
Mazars achieves double-digit growth across Scottish offices
Published 1 month ago
International audit, tax, and advisory firm Mazars has reported double-digit revenue growth across its Scottish offices for the financial year ending August 2023, as the firm’s teams in Edinburgh and Glasgow achieved a combined 13% revenue increase, up 4% from the previous year.
Read on www.scottishfinancialnews.com →
Farmfoods accountant jailed for £275k fraud, ordered to repay £77k
Published 1 month ago
A company accountant jailed for defrauding hundreds of thousands of pounds from his employer over three years has been ordered to hand over £77,000 under proceeds of crime legislation.
Read on www.scottishfinancialnews.com →
Eos Advisory leads £2.5m investment into pioneering tourette’s wearable
Published 1 month ago
St Andrews-based investment firm Eos Advisory has led a £2.5 million investment into Neupulse, a start-up developing the world’s first wearable device aimed at tackling Tourettes Syndrome (TS) and other tic disorders towards commercialisation.
Read on www.scottishfinancialnews.com →
KPMG: Scottish financial sector bullish on Q2 growth
Published 1 month ago
Business leaders in Scotland’s financial services sector have expressed their confidence about business growth for the second quarter of 2024, according to new research from KPMG UK.
Read on www.scottishfinancialnews.com →