ScottishNews.com

Finance

Five fintechs share £250k to drive financial inclusion

Published 2 days 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.

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SLE: UK government’s tax plans ignore Scotland’s farming structure

Published 2 days 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.

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Wood Group CFO resigns amid ‘incorrect description’ of qualifications

Published 2 days ago

Wood Group’s chief financial officer, Arvind Balan, has resigned with immediate effect after admitting to misrepresenting his professional qualifications.

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New Junior ISA sales jump 12% in Q4 2024, despite economic uncertainty

Published 2 days 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.

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Lloyds announces £1.7bn share buyback as profits slump 20%

Published 2 days 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.

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Medieval coin hoard discovered in the Borders

Published 2 days ago

Two metal detectorists have unearthed a hoard of 15th century coins in the Scottish Borders.

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UK inflation surprises with January rise to 3%

Published 3 days ago

UK inflation climbed to 3% in January, exceeding forecasts and presenting a challenge for the Bank of England (BoE).

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HMRC worker who embezzled £193,000 of taxpayers’ cash jailed for two years

Published 3 days 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.

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Pulpex raises £62m for fibre bottle factory near Glasgow

Published 3 days 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.

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HSBC targets $1.5bn cost cuts as pretax profits rise 6.6% in latest results

Published 3 days 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.

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Businesses urged to explore non-salary benefits to mitigate NIC rise

Published 3 days 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.

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Azets promotes 21 Scottish staff as it targets double-digit growth

Published 5 days ago

Almost six months after acquiring Glasgow accountancy and wealth management firm Milne Craig, Azets has unveiled ambitious plans to achieve double-digit growth across its Scottish operations in the coming year.

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RBS unveils updated £7.5bn UK social housing sector lending ambition

Published 1 week ago

Royal Bank of Scotland, which is part of the NatWest Group, has announced an updated package of targeted lending and support for UK social housing, aimed at supporting local housing authorities and homeowners alike in the face of ongoing economic pressures.

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HNH Partners targets double-digit growth with new Edinburgh HQ

Published 1 week ago

Financial advisory firm HNH Partners is targeting double-digit growth in 2025 with a move to a new larger Scottish headquarters in Edinburgh.

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RBS: Scottish business confidence remains subdued as job losses continue

Published 1 week ago

Scotland’s private sector showed tentative signs of recovery in January, according to the Royal Bank of Scotland Growth Tracker.

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