ScottishNews.com

Finance

CPI inflation remains unchanged at 6.7%

Published 1 year ago

CPI Inflation in the UK has remained steady at 6.7% in September, defying the Bank of England’s prediction of 6.9%.

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Panoramic, Maven and Emerald back MBO of Bullet Express

Published 1 year ago

Panoramic Growth Equity, and Maven Capital Partners, through its professional client investment platform, Maven Investor Partners, have backed the management buyout of Glasgow-based distribution and logistics specialist Bullet Express.

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AAB Group acquires Elstan HR

Published 1 year ago

Tech-enabled business critical services group AAB has expanded its reach with the acquisition of Elstan HR, a South-East England-based outsourced and integrated HR firm, as part of its strategy to further extend the HR consultancy services offered across the group.

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Abrdn agrees £100m European business sale

Published 1 year ago

Abrdn has reached an agreement to divest its European private equity division in a deal valued at approximately £100 million.

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Wage surge outpaces inflation

Published 1 year ago

August has witnessed a sustained surge in wages, one of the fastest since records began in 2001, according to the Office for National Statistics (ONS), sparking concerns over persistent inflation contrary to the Bank of England’s expectations.

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Scotgold in advanced talks with new backer

Published 1 year ago

Scotland’s sole gold mining company Scotgold Resources has updated shareholders saying it is currently in advanced talks with a prospective new investor, following the withdrawal of a previous party earlier this month.

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Beta Bugs secures £1.72m to boost sustainable animal feed

Published 1 year ago

Scottish biotech firm Beta Bugs Limited, specialising in insect genetics, has garnered a £1.72 million investment to bolster its production and supply of Black Soldier Fly eggs and larvae to the insect farming sector, as a sustainable alternative to current sources of protein for animal feed.

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Wylie & Bisset urges SMEs to tackle late payment through automation

Published 1 year ago

While welcoming the UK government’s plans to launch more stringent initiatives to curtail the persistent problem of late payments to SMEs as a step in the right direction, Wylie & Bisset, Accountants and Business Advisers, notes that the initiatives apply only to larger businesses with a turnover in excess of £10 million.

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Deloitte: Debt falls out of favour with finance leaders

Published 1 year ago

In light of heightened interest rates, Deloitte’s Q3 CFO survey has revealed a significant strategic shift among finance leaders of the UK’s largest businesses, including those based in Scotland.

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EY: Slow growth forecasted, but recession unlikely

Published 1 year ago

Despite prevailing economic challenges, the UK is poised to evade a recession, although growth is anticipated to be slow through 2023 and 2024, the EY ITEM Club’s Autumn Forecast has revealed.

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Par Equity ignites Scottish tech scene with £100m venture fund launch

Published 1 year ago

Edinburgh-based venture capital firm Par Equity has launched its new venture fund, Par Equity Ventures I LP, with an initial closure of £67 million, aiming for a full fund size of £100m

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CIOT urges stricter EOT regulations to nurture genuine employee ownership

Published 1 year ago

“Rigorous” rules are required to prevent the exploitation of Employee-Ownership Trust (EOT) tax benefits, says the Chartered Institute of Taxation (CIOT).

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AAB Wealth takes home top planning firm award

Published 1 year ago

Independent chartered financial planning firm AAB Wealth has been awarded the ‘Chartered Financial Planning Firm of the Year’ award at the Personal Finance Society Awards 2023/24.

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Scottish business insolvencies dip 16% in September

Published 1 year ago

Scotland has witnessed a 16% decrease in registered company insolvencies in September compared to the same period in the previous year, according to the latest statistics from Companies House.

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SNIB £2.6m investment into cybersecurity will help tackle harmful online content

Published 1 year ago

The Scottish National Investment Bank (SNIB) has today announced a £2.6 million investment into cybersecurity expert, Cyacomb.

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