ScottishNews.com

Finance

SRC & KPMG: Easter provided slender uptick to Scottish retail sales

Published 2 years ago

Easter lifted Scottish retail sales in April, as total sales in Scotland rose by 9.1% compared with April 2022, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

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Affordable loans provider Scotcash to stop lending and wind down

Published 2 years ago

Glasgow-based affordable loans firm, Scotcash, has announced the termination of its lending services, citing a challenging economic, regulatory, and funding environment.

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Perthshire’s Land Rover Experience Scotland transfers 83% of company into employee ownership

Published 2 years ago

Land Rover Experience Scotland, based in Dunkeld, Perthshire, has transitioned to an employee-owned business structure, providing its staff with an 83% share in the company via the creation of an employee ownership trust (EOT).

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James Anderson returns to investment scene with Agnelli dynasty’s Lingotto

Published 2 years ago

Renowned investor James Anderson, former co-manager of Scottish Mortgage Investment Trust and retired partner of Baillie Gifford, has emerged from retirement to join Lingotto Investment Management, a firm owned by Italy’s Agnelli industrial dynasty.

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Apollo drops £1.7bn bid for Wood Group

Published 2 years ago

Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company’s share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company’s stock market value.

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Fiona Cameron: Moving with the times – the Moveable Transactions (Scotland) Bill

Published 2 years ago

Fiona Cameron, banking partner in Shoosmiths’ Glasgow office, examines the significance of the recently passed Moveable Transactions (Scotland) Bill and outlines why it’s likely to be welcomed by Scotland’s banking practitioners and lenders.

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Record £1m turnover for Edinburgh-based Armstrong Gardens and Landscapes

Published 2 years ago

Armstrong Gardens and Landscapes, an Edinburgh-based garden design and build specialist, has bounced back from the pandemic to report a record turnover of more than £1 million.

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Johnston Carmichael appoints Amanda Collinson as international tax director

Published 2 years ago

Johnston Carmichael has strengthened its specialist tax team with the appointment of Amanda Collinson as international tax director.

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SAIC reaches 100-project milestone following latest £2.5m funding round

Published 2 years ago

The Sustainable Aquaculture Innovation Centre (SAIC) has announced support for a further six innovation projects valued at £2.5 million, taking its total investment in research and development initiatives to 100 projects.

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Edinburgh’s Margiotta to open new store following £725k HSBC funding

Published 2 years ago

Margiotta, a family-run independent convenience retailer in Edinburgh, is poised to grow its footprint, backed by a £725,000 investment from HSBC UK.

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Tax expert Brona MacDougall joins Condies as tax director

Published 2 years ago

Tax expert and former doctor, Brona MacDougall, has joined accountancy and advisory firm Condies as their new tax director.

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Highlands screen industry booms with record £3m spend in 2022

Published 2 years ago

The Highlands experienced a record year for its screen industry in 2022, with a direct spend of over £3 million from national and international productions.

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Abrdn appoints Anne Breen as head of real estate in growth-focused restructure

Published 2 years ago

Asset management firm abrdn has appointed Anne Breen as head of real estate, as the company moves towards a simplified focus on growth by dividing its real assets division into real estate and infrastructure.

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Glasgow-based IbisVision goes global with £4.5m for US & EU expansion

Published 2 years ago

Scottish healthtech firm IbisVision has raised £4.5 million in growth funding to expand its remote eye test platform into the US and EU markets.

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Scottish Building Society: Rising living costs impact 85% of savers

Published 2 years ago

Savers across Scotland have seen their finances take a hit over the last 12 months with the vast majority of Scots (85%) seeing the increased cost-of-living directly impacted their finances, according to latest researched by Scottish Building Society.

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