ScottishNews.com

Finance

Tax encouraging use of recycled materials approved at Holyrood

Published 6 months ago

A new Scottish tax aimed at encouraging the use of recycled materials in construction has been approved unanimously by the Scottish Parliament.

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Iomart bolsters cloud capabilities with £57m Atech buyout

Published 6 months ago

Glasgow-based cloud computing company iomart has acquired Atech Support, a Microsoft solutions provider, for £57 million.

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Nationwide seals £2.9bn Virgin Money takeover

Published 6 months ago

Nationwide Building Society has completed its £2.9 billion acquisition of Virgin Money, creating one of the UK’s largest banking groups with 24.5 million customers and nearly 700 branches.

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Regulator fines Starling Bank £29m over ‘shockingly lax’ controls

Published 6 months ago

The Financial Conduct Authority (FCA) has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening.

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Maven Capital Partners launches new £40m joint share offers

Published 6 months ago

Maven Capital Partners has launched new £40 million joint share offers across its four well-established Venture Capital Trusts (VCTs).

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Deloitte UK partner pay down despite revenues rising 2%

Published 6 months ago

Deloitte UK partners have seen their average pay fall by £48,000 to £1.012 million in the year ending May 2024.

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UK’s second quarter GDP marginally revised down

Published 6 months ago

The UK economy grew by 0.5% in the second quarter of 2024, slightly less than initial estimates of 6%, according to the Office for National Statistics.

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Rathbones: Inheritance planning overlooked by third of wealthy Scots

Published 6 months ago

Time is running out for the vast majority of high net worth individuals (HNWI) in Scotland wanting to pass on their wealth as they put inheritance planning on the back burner, according to new research from Rathbones.

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BoS: Scottish business confidence takes a dip

Published 6 months ago

Business confidence in Scotland fell by 16 points to 48% in September, according to the Bank of Scotland’s Business Barometer.

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Henderson Loggie: Arts organisations can leverage tax relief for artistic innovation and community engagement

Published 6 months ago

Tax specialists at Henderson Loggie are encouraging Scotland’s cultural community to capitalise on available tax reliefs, having witnessed the significant impact these can have on the sustainability of organisations, their long-term planning capabilities, and their broader community influence.

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ACCA launches new diploma to equip finance professionals for sustainable future

Published 6 months ago

The Association of Chartered Certified Accountants (ACCA) has introduced a new Professional Diploma in Sustainability designed for finance professionals at all levels who are looking to gain a comprehensive understanding of sustainability and accreditation to prove it.

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Johnston Carmichael welcomes 61 future accountants

Published 6 months ago

Accountancy and business advisory firm Johnston Carmichael has welcomed 61 students into the firm following growth across the UK.

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ABI: Crackdown on insurance cheating continues as industry detects £1bn worth of fraudulent claims

Published 6 months ago

Cracking down on insurance fraud remains a top priority for the industry as its latest figures reveal £1.1 billion worth of fraudulent claims were detected last year, up 4% on 2022, according to the Association of British Insurers (ABI).

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UK defies gloomy forecasts with OECD growth revision

Published 6 months ago

The OECD has significantly upgraded its UK economic growth forecast for 2024, now predicting a 1.1% expansion.

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Aveni.ai crowned Fintech of the Year at Scottish Financial Technology Awards

Published 6 months ago

Edinburgh-based AI fintech firm Aveni.ai has won the coveted “Fintech of the Year” award at the 2024 Scottish Financial Technology Awards.

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