ScottishNews.com

Finance

The Cumberland extends ‘kinder banking’ to professional services

Published 8 months ago

The Cumberland Building Society has broadened its commercial offering to include professional services.

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KPMG aims to more than halve global units in major restructuring

Published 8 months ago

KPMG executives are pushing for significant consolidation among its national partnerships, seeking to drastically reduce the Big Four firm’s “economic units” from over 100 to just 32 by next year.

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Scottish private firms see mild contraction as job losses rise

Published 8 months ago

Scotland’s private sector output experienced a third consecutive monthly decline in February, according to the Royal Bank of Scotland’s Scotland Growth Tracker.

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Scottish retrofit firm sees turnover triple

Published 8 months ago

Ayrshire-based Green Home Systems has reported a 208% increase in turnover, rising from £6 million to £17m for the year ending 30 June 2024.

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Revolut and Visa launch legal fight against UK payment fee cap

Published 8 months ago

Revolut and Visa have launched legal challenges against the UK’s Payment Systems Regulator (PSR), disputing its proposed cap on international digital transaction fees.

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Alba Partners acquires Core Consultants Group in expansion drive

Published 8 months ago

Edinburgh-headquartered Alba Partners has acquired data and AI specialists Core Consultants Group, bolstering its service offerings and expanding its team.

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FRC introduces new tool to enhance access to company financial data

Published 8 months ago

The Financial Reporting Council (FRC) has launched the public beta of its Digital Reporting Viewer, a new tool designed to improve free access to structured company reporting data.

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Highland Spring targets £200m sales with new Bank of Scotland and Barclays support

Published 8 months ago

Highland Spring Group, producer of natural source waters, has secured £50 million in funding from Bank of Scotland and Barclays

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M&D Green acquires nine scottish pharmacies with advice from Azets and Blackadders

Published 8 months ago

Family-owned pharmacy chain M&D Green Group has acquired nine Scotland-located community pharmacies from Northern Ireland-based N.R. Gordon Ltd.

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FCA sets out steps to support home ownership

Published 8 months ago

The Financial Conduct Authority (FCA) has set out steps it will take to improve access to mortgages. 

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Scottish retail footfall slips after half-term break

Published 8 months ago

Following a 1.0% increase in January, Scottish retail footfall experienced a 0.3% decline in February compared to the same period in 2024, according to data from the Scottish Retail Consortium (SRC) and Sensormatic Solutions.

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Regulator warns of financial strain on Scottish RSLs

Published 8 months ago

Scotland’s Registered Social Landlords encountered significant financial pressures throughout 2023/24, according to a new report from the Scottish Housing Regulator.

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RSM: Scotland’s mid and luxury hotel markets benefit as consumers trade up

Published 8 months ago

Scotland’s mid market and luxury hotels have continued to experience robust growth, as the cost-of-living dissipates and consumers upgrade their choice of hotel, with the budget market being hit the hardest, according to the RSM Hotels Tracker: Focus on Asset Classes.

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Aberdeenshire couple banned over £100k debt to customers

Published 8 months ago

A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors.

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City firms lobby for ISA reform

Published 8 months ago

City of London financial firms are lobbying the UK government to overhaul cash ISAs.

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