ScottishNews.com

Finance

Aberdeen City Council provides £1.1m to revitalise Union Street businesses

Published 8 months ago

A total of six new traders – and four more to come shortly – have opened on the Granite Mile in the last year thanks to the £195,000 Union Street Empty Shops Grant Scheme, helping to bring the number of vacant units down from 47 to 38.

Read on www.scottishfinancialnews.com →

Competition drives mortgage rates below 4%

Published 8 months ago

UK mortgage rates have fallen, with the lowest five-year fixed rate dropping below 4% for the first time since April 2024.

Read on www.scottishfinancialnews.com →

Over 2,000 attendees to explore future of finance at 7th FinTech Scotland Festival

Published 8 months ago

FinTech Scotland has announced the launch of the 7th Annual FinTech Scotland Festival, running from 25 September 25 to 4 October 2024.

Read on www.scottishfinancialnews.com →

RBS agrees £50m funding deal with social landlord

Published 8 months ago

Together Housing Group (THG), a social housing provider in the North of England, has secured a £50 million loan from the Royal Bank of Scotland to upgrade its 38,000 properties

Read on www.scottishfinancialnews.com →

Edinburgh reclaims top spot for foreign investment outside London

Published 8 months ago

Edinburgh has reclaimed its position as the top UK city outside London for foreign direct investment (FDI), surpassing Greater Manchester, according to a new study.

Read on www.scottishfinancialnews.com →

CMA clears Nationwide’s £2.9bn Virgin Money takeover

Published 8 months ago

The Competition and Markets Authority (CMA) has approved Nationwide Building Society’s £2.9 billion acquisition of Virgin Money UK.

Read on www.scottishfinancialnews.com →

US official strengthens ties with Scotland’s business community

Published 8 months ago

The Lieutenant Governor of Oklahoma, Matt Pinnell, has held a series of high-profile meetings with the Scottish business community as part of a trip aimed at improving transatlantic business relations, promoting investment opportunities for Scottish businesses throughout the state of Oklahoma.

Read on www.scottishfinancialnews.com →

Scottish businesses face steep rise in financial distress

Published 8 months ago

Scottish businesses faced a sharp rise in financial distress in the second quarter of 2024, exceeding the UK average, according to Begbies Traynor.

Read on www.scottishfinancialnews.com →

Record high payrolls, but employment dips in Scotland

Published 9 months ago

Scotland’s labour market experienced mixed results in the second quarter of 2024, with unemployment up, despite strong earnings growth.

Read on www.scottishfinancialnews.com →

Scottish company insolvencies ease with 4% fall in June

Published 9 months ago

Company insolvencies in Scotland fell by 4% in June 2024 compared to the previous year, totalling 109.

Read on www.scottishfinancialnews.com →

Blackadders achieves top ranking for Private Wealth Law

Published 9 months ago

Blackadders LLP has been ranked in the top band for Private Wealth Law in the Dundee area in the prestigious Chamber High Net Worth Guide.

Read on www.scottishfinancialnews.com →

House purchases hit by CHAPS payment system glitch

Published 9 months ago

House purchases faced delays due to a technical glitch in the Bank of England’s crucial CHAPS payment system.

Read on www.scottishfinancialnews.com →

FCA calls for fairer treatment of UK politically exposed persons

Published 9 months ago

The Financial Conduct Authority (FCA) has told financial firms – including banks, payment firms and lenders – to do more to ensure parliamentarians, senior public servants and their families are not treated unfairly.

Read on www.scottishfinancialnews.com →

Shares jump in Frasers Group on strong profit growth

Published 9 months ago

Frasers Group, led by Mike Ashley, saw its shares surge by nearly 10% after posting annual profit growth close to the top end of guidance.

Read on www.scottishfinancialnews.com →

Scottish football weathers financial storm as distress levels plummet

Published 9 months ago

Financial distress in Scottish football clubs has fallen significantly, with only three clubs (7%) in Scotland’s top four leagues showing signs of trouble compared to eight a year ago, according to Begbies Traynor’s March 2024 Football Distress Survey.

Read on www.scottishfinancialnews.com →