ScottishNews.com

Finance

RBS-owner NatWest commits £5 billion to tackle housing crisis

Published 7 months ago

Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years

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Glasgow and Edinburgh climb in global financial centres ranking

Published 8 months ago

Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration.

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Profits up as Phoenix Group achieves growth targets early

Published 8 months ago

Phoenix Group, the retirement savings and income business which owns Standard Life, has posted strong financial results for 2023.

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Base interest rate remains at 5.25%

Published 8 months ago

The Bank of England (BoE) has decided to keep interest rates unchanged at 5.25%, despite a drop in inflation to 3.4% in February – the lowest level since September 2021.

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78% rise in demand for revenue-based finance in Scotland, data finds

Published 8 months ago

SME funder 365 finance, a fintech supporting business growth within the UK, has reported a 78% increase in demand for their Rev&U revenue-based finance in Scotland, according to the latest year-on-year data.

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Nationwide and Virgin Money agree £2.9 billion deal

Published 8 months ago

Nationwide Building Society and Clydesdale Bank-owner Virgin Money have formally agreed on the £2.9 billion acquisition deal proposed earlier this month.

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Mazars achieves double-digit growth across Scottish offices

Published 8 months ago

International audit, tax, and advisory firm Mazars has reported double-digit revenue growth across its Scottish offices for the financial year ending August 2023, as the firm’s teams in Edinburgh and Glasgow achieved a combined 13% revenue increase, up 4% from the previous year.

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Farmfoods accountant jailed for £275k fraud, ordered to repay £77k

Published 8 months ago

A company accountant jailed for defrauding hundreds of thousands of pounds from his employer over three years has been ordered to hand over £77,000 under proceeds of crime legislation.

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Eos Advisory leads £2.5m investment into pioneering tourette’s wearable

Published 8 months ago

St Andrews-based investment firm Eos Advisory has led a £2.5 million investment into Neupulse, a start-up developing the world’s first wearable device aimed at tackling Tourettes Syndrome (TS) and other tic disorders towards commercialisation.

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KPMG: Scottish financial sector bullish on Q2 growth

Published 8 months ago

Business leaders in Scotland’s financial services sector have expressed their confidence about business growth for the second quarter of 2024, according to new research from KPMG UK.

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Balgownie machinery firm calls in Johnston Carmichael administrators

Published 8 months ago

The agricultural and construction machinery providers Balgownie Limited and Balgownie Rentals Limited have been placed into administration.

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Scottish Mortgage unveils £1 billion share buyback

Published 8 months ago

The Scottish Mortgage Investment Trust, the flagship fund of Edinburgh-based Baillie Gifford, has announced its largest ever share buyback programme.

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Wylie & Bisset: Tax debt crackdown could trigger insolvency wave

Published 8 months ago

Accounting and business advisory firm Wylie & Bisset has warned of an explosion in the number of winding up orders and company insolvencies as HMRC tackles a massive backlog of debt by enlisting private debt collectors to pursue billions of pounds in unpaid taxes.

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Glasgow’s Staffscanner to triple workforce with £1m Scottish Enterprise grant

Published 8 months ago

Glasgow-based care sector staffing provider and technology platform Staffscanner has announced it is tripling in size following a grant award of almost £1 million from Scottish Enterprise.

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Aberdeen wealth managers surpass £150 million milestone

Published 8 months ago

North-east investment firm Scott James & Associates has recorded its best year yet by exceeding £150 million in funds under management.

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