Finance
Glasgow R&D firm Minerva Innovation targets client doubling in 2025
Published 3 months ago
Glasgow-based Minerva Innovation Group, specialising in R&D tax relief for businesses, aims to double its client base in 2025.
Read on www.scottishfinancialnews.com →
Foresight Group leads £3.4m investment in Scottish biotech firm
Published 3 months ago
Scottish biotech engineering company uFraction8 has secured £3.4 million in new investment following the completion of a funding round led by Foresight Group.
Read on www.scottishfinancialnews.com →
BDO: Increase in zombie companies in Scottish mid-market as challenging economic conditions continue to bite
Published 3 months ago
A growing number of mid-sized Scottish businesses are at risk of becoming “zombie” companies, according to research by BDO.
Read on www.scottishfinancialnews.com →
Reward Funding targets £500m loan book after major refinance
Published 3 months ago
Dunfermline-based Reward Funding has finalised a £360 million refinance, a crucial step in its plan to expand its loan book to £500m within three years.
Read on www.scottishfinancialnews.com →
Five fintechs share £250k to drive financial inclusion
Published 3 months ago
Five fintech firms have each been awarded £50,000 to propel developments that support financial inclusion, accelerate financial resilience and deepen consumer engagement in financial services.
Read on www.scottishfinancialnews.com →
SLE: UK government’s tax plans ignore Scotland’s farming structure
Published 3 months ago
The impact of tax changes on Scotland’s distinctive farming sector is either severely misunderstood or being deliberately ignored by the UK government, Scottish Land & Estates said today.
Read on www.scottishfinancialnews.com →
Wood Group CFO resigns amid ‘incorrect description’ of qualifications
Published 3 months ago
Wood Group’s chief financial officer, Arvind Balan, has resigned with immediate effect after admitting to misrepresenting his professional qualifications.
Read on www.scottishfinancialnews.com →
New Junior ISA sales jump 12% in Q4 2024, despite economic uncertainty
Published 3 months ago
The volume of new Junior ISA (JISA) policies opened across the UK in the last quarter was up 12% on the previous quarter, according to the quarterly Scottish Friendly Investor Index.
Read on www.scottishfinancialnews.com →
Lloyds announces £1.7bn share buyback as profits slump 20%
Published 3 months ago
Bank of Scotland-owner Lloyds Banking Group has reported a significant 20.4% drop in annual pre-tax profit, falling short of market expectations.
Read on www.scottishfinancialnews.com →
Medieval coin hoard discovered in the Borders
Published 3 months ago
Two metal detectorists have unearthed a hoard of 15th century coins in the Scottish Borders.
Read on www.scottishlegal.com →
UK inflation surprises with January rise to 3%
Published 3 months ago
UK inflation climbed to 3% in January, exceeding forecasts and presenting a challenge for the Bank of England (BoE).
Read on www.scottishfinancialnews.com →
HMRC worker who embezzled £193,000 of taxpayers’ cash jailed for two years
Published 3 months ago
A tax officer who embezzled thousands of pounds from His Majesty’s Revenue and Customs (HMRC) to pay off her mortgage and settle other debts has been jailed for two years.
Read on www.scottishfinancialnews.com →
Pulpex raises £62m for fibre bottle factory near Glasgow
Published 3 months ago
Pulpex Limited, a sustainable packaging technology company, has today announced a £62 million Series D investment round led by the National Wealth Fund (NWF) and the Scottish National Investment Bank.
Read on www.scottishfinancialnews.com →
HSBC targets $1.5bn cost cuts as pretax profits rise 6.6% in latest results
Published 3 months ago
HSBC has announced plans to save $300 million (c. £240m) in 2025 and cut $1.5 billion (c. £1.2bn) from its annual cost base by the end of next year.
Read on www.scottishfinancialnews.com →
Businesses urged to explore non-salary benefits to mitigate NIC rise
Published 3 months ago
Businesses concerned about the new 15% employers’ national insurance contributions (NIC) rate have less than 50 days in which to reduce the impact of the higher rate by embracing non-salary alternatives that reduce costs whilst continuing to provide employees with attractive remuneration packages, an employment tax specialist has said.
Read on www.scottishfinancialnews.com →
Glasgow R&D firm Minerva Innovation targets client doubling in 2025
Published 3 months ago
Glasgow-based Minerva Innovation Group, specialising in R&D tax relief for businesses, aims to double its client base in 2025.
Read on www.scottishfinancialnews.com →
Foresight Group leads £3.4m investment in Scottish biotech firm
Published 3 months ago
Scottish biotech engineering company uFraction8 has secured £3.4 million in new investment following the completion of a funding round led by Foresight Group.
Read on www.scottishfinancialnews.com →
BDO: Increase in zombie companies in Scottish mid-market as challenging economic conditions continue to bite
Published 3 months ago
A growing number of mid-sized Scottish businesses are at risk of becoming “zombie” companies, according to research by BDO.
Read on www.scottishfinancialnews.com →
Reward Funding targets £500m loan book after major refinance
Published 3 months ago
Dunfermline-based Reward Funding has finalised a £360 million refinance, a crucial step in its plan to expand its loan book to £500m within three years.
Read on www.scottishfinancialnews.com →
Five fintechs share £250k to drive financial inclusion
Published 3 months ago
Five fintech firms have each been awarded £50,000 to propel developments that support financial inclusion, accelerate financial resilience and deepen consumer engagement in financial services.
Read on www.scottishfinancialnews.com →
SLE: UK government’s tax plans ignore Scotland’s farming structure
Published 3 months ago
The impact of tax changes on Scotland’s distinctive farming sector is either severely misunderstood or being deliberately ignored by the UK government, Scottish Land & Estates said today.
Read on www.scottishfinancialnews.com →
Wood Group CFO resigns amid ‘incorrect description’ of qualifications
Published 3 months ago
Wood Group’s chief financial officer, Arvind Balan, has resigned with immediate effect after admitting to misrepresenting his professional qualifications.
Read on www.scottishfinancialnews.com →
New Junior ISA sales jump 12% in Q4 2024, despite economic uncertainty
Published 3 months ago
The volume of new Junior ISA (JISA) policies opened across the UK in the last quarter was up 12% on the previous quarter, according to the quarterly Scottish Friendly Investor Index.
Read on www.scottishfinancialnews.com →
Lloyds announces £1.7bn share buyback as profits slump 20%
Published 3 months ago
Bank of Scotland-owner Lloyds Banking Group has reported a significant 20.4% drop in annual pre-tax profit, falling short of market expectations.
Read on www.scottishfinancialnews.com →
Medieval coin hoard discovered in the Borders
Published 3 months ago
Two metal detectorists have unearthed a hoard of 15th century coins in the Scottish Borders.
Read on www.scottishlegal.com →
UK inflation surprises with January rise to 3%
Published 3 months ago
UK inflation climbed to 3% in January, exceeding forecasts and presenting a challenge for the Bank of England (BoE).
Read on www.scottishfinancialnews.com →
HMRC worker who embezzled £193,000 of taxpayers’ cash jailed for two years
Published 3 months ago
A tax officer who embezzled thousands of pounds from His Majesty’s Revenue and Customs (HMRC) to pay off her mortgage and settle other debts has been jailed for two years.
Read on www.scottishfinancialnews.com →
Pulpex raises £62m for fibre bottle factory near Glasgow
Published 3 months ago
Pulpex Limited, a sustainable packaging technology company, has today announced a £62 million Series D investment round led by the National Wealth Fund (NWF) and the Scottish National Investment Bank.
Read on www.scottishfinancialnews.com →
HSBC targets $1.5bn cost cuts as pretax profits rise 6.6% in latest results
Published 3 months ago
HSBC has announced plans to save $300 million (c. £240m) in 2025 and cut $1.5 billion (c. £1.2bn) from its annual cost base by the end of next year.
Read on www.scottishfinancialnews.com →
Businesses urged to explore non-salary benefits to mitigate NIC rise
Published 3 months ago
Businesses concerned about the new 15% employers’ national insurance contributions (NIC) rate have less than 50 days in which to reduce the impact of the higher rate by embracing non-salary alternatives that reduce costs whilst continuing to provide employees with attractive remuneration packages, an employment tax specialist has said.
Read on www.scottishfinancialnews.com →