ScottishNews.com

Finance

Scotland’s onshore GDP contracts 0.3% in February

Published 11 months ago

Following 0.6% growth in January, Scotland’s economy experienced a slight setback in February 2024, with onshore GDP contracting by 0.3%, according to statistics announced by the Chief Statistician.

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Convenience store group sold out of administration to SPAR Scotland

Published 11 months ago

In a deal facilitated by FRP Advisory, Scottish convenience store chain Eddy’s Food Station has been acquired by SPAR Scotland’s wholesaler, CJ Lang & Son Ltd, for an undisclosed sum.

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Acrisure furthers Scotland strategy with WH&R McCartney acquisition

Published 11 months ago

Acrisure, a global fintech, has acquired Scottish insurance broker WH&R McCartney.

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Scottish economic outlook looks set for weaker growth momentum

Published 11 months ago

Scotland is poised for a gradual economic recovery with steady growth predicted over the medium term, according to KPMG UK’s inaugural Scottish Economic Outlook report.

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UK fintech challenge to pioneers data-driven solutions for later life planning

Published 11 months ago

In a bid to spearhead innovation in the financial technology sector, FinTech Scotland and Smart Data Foundry have joined forces to introduce an industry-wide UK fintech innovation challenge.

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SpaceandPeople back to profit following Covid challenges

Published 11 months ago

Glasgow-headquartered SpaceandPeople has reported revenue of £5.8 million, a 24% increase, and a return to profitability after navigating choppy waters over the past three years.

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Waverton Wealth wins Regional Wealth Manager of the Year at COLWMA 2024

Published 11 months ago

Edinburgh-based Waverton Wealth has been awarded Regional Wealth Manager of the Year for Scotland and Northern Ireland at the 2024 City of London Wealth Management Awards (COLWMA).

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JBS Group upbeat with £7m contract portfolio and 40% growth projection

Published 11 months ago

Peterhead-based engineering solutions firm JBS Group has announced strong growth expectations as it executes a diverse portfolio of contracts valued at over £7 million for the latter half of this year.

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RBS provides £25 million funding injection to Maryhill Housing

Published 11 months ago

Maryhill Housing Association (MHA) has received a funding boost from Royal Bank of Scotland totalling almost £25 million to improve and maintain its current homes, whilst making progress towards net zero goals.

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Glasgow’s oldest bowls manufacturer secures Virgin Money funding for global expansion

Published 11 months ago

Thomas Taylor Bowls has secured a Virgin Money funding package backed by government department UK Export Finance (UKEF) to help the family business continue its international growth.

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March sees 11% increase in company insolvencies in Scotland

Published 11 months ago

Company insolvencies in Scotland have gone up 11% year-on-year, as 115 company insolvencies registered were registered during March 2024.

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SRC calls on Scottish ministers for competitive tax vision to deliver on New Deal promise

Published 11 months ago

The Scottish Retail Consortium (SRC) is urging Scottish Ministers to adopt a strategic approach to taxation in their upcoming medium-term tax strategy.

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RBS-owner NatWest reports 27% drop in Q1 profits

Published 11 months ago

NatWest Group, has announced a significant dip in first-quarter profits, reflecting challenges across the banking sector as interest rates settle.

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Scottish Friendly records highest sales in 162-year history

Published 11 months ago

Scottish Friendly has posted record sales of £51.1 million for 2023, up from £47.7m in 2022.

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Begbies Traynor: Financial distress in Scotland rises as economic downturn continues to bite

Published 11 months ago

While UK inflation remains sticky and the prospect of interest rate cuts is moving further away, businesses in Scotland once again saw both advanced and early signs of financial distress rise in the first quarter of 2024 compared with Q1 2023, according to Begbies Traynor.

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