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Finance

Blockchain set to give Scotland’s economy £4.48bn boost by 2030

Published 2 years ago

A report, sponsored by Scottish Enterprise and conducted by Deep Knowledge Analytics, has forecast blockchain technology contributing £4.48 billion to Scotland’s GDP by 2030.

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Azets names Scottish executive Peter Gallanagh as UK CEO amidst organisational overhaul

Published 2 years ago

International advisory, compliance, and outsourcing group, Azets, has appointed Peter Gallanagh, previously regional CEO for Scotland and Northern England, as its new UK CEO.

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Scottish businesses experience 10% decline in rate bills following revaluation

Published 2 years ago

Scotland’s shops and eateries have experienced a decline in business rates, following the Scottish Government’s revaluation which commenced last month, resulting in an approximate 10% reduction in business rate bills.

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Fashion retailer Anders Holch Povlsen tops Scotland’s Rich List

Published 2 years ago

Anders Holch Povlsen, the Danish fashion magnate, has been named the wealthiest person in Scotland, according to The Sunday Times’ latest Rich List.

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Glasgow coffee roaster pours millions into sustainable roasting

Published 2 years ago

Scottish coffee roaster Matthew Algie has secured a multi-million-pound investment at its Glasgow production headquarters, to enhance production capabilities while aiming to be net-zero by 2035.

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Sumitomo’s £200m investment in subsea cable factory to boost Highlands green jobs

Published 2 years ago

In a significant boost to Scotland’s green energy sector, Sumitomo Electric Industries, a Japanese multinational corporation, has announced a £200 million investment in a new high-voltage subsea cable manufacturing plant.

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Steyn Group funds Carbon Capture Scotland’s ambition for largest carbon capture plant

Published 2 years ago

Supported by Thorntons, Dumfries and Galloway-based Carbon Capture Scotland has secured a seven-figure sum investment from Steyn Group to facilitate further growth.

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Port of Aberdeen returns stronger post-pandemic with £21.3m operating profit

Published 2 years ago

In a significant turnaround, the Port of Aberdeen has reported a return to pre-pandemic activity levels in 2022, a year ahead of predictions.

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Compack Cartons unveils new £13.5m facility in Livingston

Published 2 years ago

Today, Compack Cartons’ latest packaging facility in Livingston was inaugurated by the cabinet secretary for wellbeing economy, fair work and energy, Neil Gray, following a £13.5 million investment by Port Glasgow-based McLaren Packaging.

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Over 300 new jobs created as Topgolf Glasgow swings into action

Published 2 years ago

Entertainment venue Topgolf Glasgow has generated over 300 new jobs at its site in Rutherglen, South Lanarkshire since its inauguration last year.

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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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