ScottishNews.com

Finance

Taxpayers’ stake in bailed-out RBS drops below 3%

Published 1 day ago

The UK government’s shareholding in NatWest Group has fallen below 3%, marking a significant milestone in returning the bank to full private ownership following its £46 billion bailout during the 2008 financial crisis.

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PDG Aviation Services acquires drone specialist Team UAV

Published 1 day ago

PDG Aviation Services (PDG), an Inverness-headquartered provider of manned aerial solutions for critical infrastructure, has acquired drone specialist Team UAV.

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March inflation drop fuels May rate cut hopes

Published 1 day ago

UK inflation fell to 2.6% in March, dropping from 2.8% in February and below City forecasts of 2.7%, intensifying pressure on the Bank of England to consider cutting interest rates at its meeting next month.

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Employee-owned Scott and Fyfe credits team for strong results

Published 1 day ago

Fife-based employee-owned Scott and Fyfe has reported another year of robust financial results, demonstrating resilience despite ongoing geopolitical tensions and increased operational costs.

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Michael Reid appointed liquidator for Aberdeen’s Belmar Engineering

Published 1 day ago

MHA’s Michael Reid has been appointed liquidator for Aberdeen-based Belmar Engineering as the firm ceased trading, resulting in the immediate loss of all 48 jobs.

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Söderberg & Partners enters Scotland, backing Murphy Wealth

Published 1 day ago

Glasgow-based financial planning firm Murphy Wealth has secured a significant investment from European wealth management giant Söderberg & Partners, marking the latter’s first partnership in Scotland.

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Deloitte: UK CFOs adopt defensive stance amidst rising costs and trade uncertainty

Published 3 days ago

Chief Financial Officers (CFOs) of the UK’s largest companies are increasingly adopting defensive business strategies, reaching levels not seen since the early stages of the pandemic, according to Deloitte.

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Forvis Mazars UK revenue hits £362.4m in 15th year of growth

Published 3 days ago

Forvis Mazars has reported its fifteenth consecutive year of growth in the UK, recording revenue of £362.4 million – an increase of 8.3% – for the year ending 31 August 2024.

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AAB Wealth acquires Magus, taking assets to £1.8bn

Published 3 days ago

Scotland-founded AAB Group’s financial planning division, AAB Wealth, has acquired prominent London-based firm Magus Wealth as part of its ongoing strategic growth.

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Edinburgh lender advances £15.5m for Fulham Town Hall project

Published 1 week ago

Edinburgh-based Unbranded Finance, the UK-based non-bank real estate lender, has advanced a new £15.5 million senior loan facility to Ziser London to assist with delivering the developer’s flagship redevelopment of the former Fulham Town Hall, located directly opposite Fulham Broadway station in London.

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BDO: Salaries frozen and pay rises delayed ahead of employers’ NIC rise

Published 1 week ago

Salaries have been frozen and pay rises have been delayed ahead of the rise in employers’ National Insurance Contributions (NIC), which came into force on Sunday, a new survey has found.

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Consilium serves up advice to PJs Foods shareholders in sale to Tiffin Sandwiches

Published 1 week ago

Consilium Chartered Accountants has provided full lead advisory services to PJs Foods Limited in its sale to Tiffin Sandwiches.

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McLaren Insolvency appointed as Coatbridge decorating firm Orr closes after 40 years

Published 1 week ago

Gordon McIntyre and George Lafferty, insolvency practitioners with McLaren Insolvency, have been appointed joint provisional liquidators of Andrew P Orr (Decorators) Limited.

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New Dundee office for Johnston Carmichael as workforce hits 50

Published 1 week ago

Johnston Carmichael has relocated its Dundee operations to a larger office to accommodate significant growth and facilitate plans to double its local workforce.

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Martin Aitken team joins Armstrong Watson in strategic Glasgow merger

Published 1 week ago

Accountancy firm Armstrong Watson has significantly expanded its Glasgow operations through a merger with local firm Martin Aitken.

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