ScottishNews.com

Finance

BoE cuts interest rates to 4.75% despite budget-fuelled inflation fears

Published 1 week ago

Despite forecasting that the Chancellor’s recent budget will prolong the fight against inflation, The Bank of England has cut the base interest rate a further 0.25 percentage points, bringing the interest rate to 4.75% and marking the second cut this year.

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Start Up Loans empowers over 320 Scottish entrepreneurs with £3m in funding

Published 1 week ago

Since 2012, the British Business Bank’s Start Up Loans programme has provided over 320 entrepreneurs in Scotland with £3 million in funding to launch their own businesses.

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ICAS’ CA Summit 2024 to explore the future of business

Published 1 week ago

Industry voices will come together this month for the CA Summit, an award-winning global business event offering fascinating insights into how technology, socioeconomics and politics are redefining the way we live and work.

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AAB holds top spot in Experian M&A rankings for second year

Published 2 weeks ago

AAB has again has retained its position as top financial adviser in Scotland with 20 deals, according to the latest Experian M&A rankings.

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CBI partners with Zumo to track digital asset sustainability

Published 2 weeks ago

Edinburgh-based fintech Zumo, a digital-assets-as-a-service platform, and United Arab Emirates-based bank Commercial Bank International (CBI) have signed a memorandum of understanding (MOU).

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Chancellor reforms IHT and hikes CGT and employers’ NIC

Published 3 weeks ago

Chancellor Rachel Reeves has confirmed a rise in capital gains tax (CGT) and employers’ national insurance contributions (NIC) in today’s Autumn Budget statement.

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Rangers reports £17.2m loss despite record revenue

Published 3 weeks ago

Rangers Football Club has posted a £17.2 million loss, for the year ended 30 June 2024, despite record revenues of £88.3m.

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Wbg buys Azets’ personal insolvency caseload

Published 3 weeks ago

Wbg has acquired the Scottish personal insolvency book of accountants and business advisors Azets for an undisclosed sum.

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Inverness underfloor heating business becomes employee owned

Published 3 weeks ago

Optimum Underfloor Heating Ltd has moved to employee ownership via an Employee Ownership Trust (EOT).

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Scottish GDP goes into retreat ahead of the UK Budget

Published 3 weeks ago

Scotland’s GDP fell by 0.3% in August, following growth of 0.5% in July (revised from 0.3%).

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Northern Accountants expands to Scotland with Empowered by Cloud acquisition

Published 3 weeks ago

Northern Accountants has acquired Dunfermline-based Empowered By Cloud, accountancy expert for the trades and construction industry, for an undisclosed six-figure sum.

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HSBC CEO rejects breakup talk despite restructuring

Published 3 weeks ago

Coinciding with its announcement of a better-than-expected 10% rise in pre-tax profits to $8.5 billion (c. £6.6bn) during Q3 2024, HSBC’s CEO, Georges Elhedery, has dismissed speculation that the bank’s recent restructuring signals a potential breakup.

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Skills shortages and tax reform top Budget wish list for Scottish businesses

Published 3 weeks ago

Scottish businesses have called for a competitive tax system and solutions to skills shortages in Chancellor Rachel Reeves’ first Budget, according to Bank of Scotland.

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Report: Funding challenges threaten Scotland’s local authorities

Published 3 weeks ago

Scottish councils are facing a severe financial crisis due to ongoing inflation, wage pressures, and rising service demands, according to a new report by the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Government Information Unit (LGIU).

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Scottish Government backs calls for tax-free shopping

Published 3 weeks ago

The Scottish Retail Consortium (SRC) has welcomed the backing of Scottish Ministers over the reintroduction of tax-free shopping for international visitors.

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