ScottishNews.com

Finance

RSE doubles profits to £14m as revenue surges 71%

Published 10 months ago

Inverness-headquartered RSE has posted revenue of £198 million, 71% higher than the previous year (£115m), in latest its financial statements to March 2023.

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Scottish retail ends year with December downturn

Published 10 months ago

In a challenging conclusion to 2023, Scottish retailers faced a disappointing December as sales figures revealed a decline in real terms.

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Scots businesses brace for 2024 with robust growth and hiring plans

Published 11 months ago

Business confidence in Scotland fell ten points during December to 31%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

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Glasgow pharmacist expands services and restores historic building with £750,000 funding

Published 11 months ago

Supported by a £750,000 loan from Unity Trust Bank, Glasgow-trained pharmacist Raymond Kelly has transformed a derelict 19th-century building in Falkland into a state-of-the-art pharmacy.

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Scottish water regulator chief resigns following ‘unacceptable’ financial practices

Published 11 months ago

The Scottish water regulator’s chief, Alan Sutherland, has resigned following a scathing report by Audit Scotland, which highlighted “unacceptable” financial practices at the Water Industry Commission for Scotland (WICS).

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Scottish budget to deliver ‘an economy of opportunity’

Published 11 months ago

The Scottish Government has announced that more than £5 billion is being invested in building a fair, green and growing economy that creates jobs, supports businesses and helps finance Scotland’s public services and the transition to net zero.

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ICAS slams Scottish budget as ‘short-sighted’

Published 11 months ago

The Institute of Chartered Accountants of Scotland (ICAS) has expressed significant concerns about the latest Scottish Budget, labelling it as “short-sighted” and ineffective in fostering long-term economic growth.

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Budget: Scotland raises taxes on high earners with new band at 45% introduced

Published 11 months ago

Finance Secretary Shona Robison has announced a series of fiscal, including significant changes to Scotland’s income tax structure, in yesterday’s Scottish Budget.

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Scotland leads the charge in financial services green jobs opportunities

Published 11 months ago

Scotland has emerged as having the UK’s highest proportion of green financial job openings, according to the latest report by PwC in its Green Jobs Barometer series.

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Acumen Financial Planning hits £900m management milestone in 21st year

Published 11 months ago

Aberdeen-headquartered Acumen Financial Planning has marked its 21st anniversary with reaching a milestone of over £900 million in funds under management across the Financial Planning Group.

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Financial forecasts remain ‘robust’ but RSLs could face difficult trade-offs, Regulator finds

Published 11 months ago

Financial forecasts for Scottish Registered Social Landlords (RSLs) remain robust but governing bodies could face difficult trade-offs as finances tighten, according to the Scottish Housing Regulator’s summary of the sector’s financial plans for the next five years.

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SRC advocates pragmatic approach to avert business rate surge in Scotland

Published 11 months ago

The Scottish Retail Consortium (SRC) has appealed to the Scottish Government to shield businesses from significant tax hikes in today’s forthcoming Scottish Budget.

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Tax and accountancy bodies call for greater clarity on Scottish tax system

Published 11 months ago

Ahead of today’s Scottish Budget, the Chartered Institute of Taxation (CIOT) and Institute of Chartered Accountants of Scotland (ICAS) have called on the Scottish and UK governments to use the tenth anniversary of the Smith Commission next year to review the implementation of Scotland’s devolved tax powers.

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Munro Vehicles’ £1m investment influx enables first car production in Scotland in fifty years

Published 11 months ago

London-based Elbow Beach Capital, the decarbonisation, sustainability and social impact investor, has announced a £1m follow-on investment in Munro Vehicles, a manufacturer of all electric 4x4 vehicles and Scotland’s only volume production car company.

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Sir Tom Hunter ‘very positive’ about prospects of his firm

Published 11 months ago

Sir Tom Hunter, the successful business man and founder of The Hunter Foundation, has hailed “another year of solid progress” at his business empire as it continues to support a number of companies, , including a Scottish restaurant operator and a cancer treatment specialist.

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