ScottishNews.com

Finance

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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Modest recovery observed in UK’s August GDP

Published 1 year ago

The UK economy has demonstrated a slight recovery with a 0.2% month-on-month increase in GDP in August, a modest upswing following July’s significant 0.6% decline, according to the latest ONS figures.

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Edinburgh top for innovation in the UK beyond the ‘Golden Triangle’

Published 1 year ago

Edinburgh and its surrounding area has emerged as the UK’s top innovation-led cluster for equity deals outside of the ‘Golden Triangle’ of Greater London, Oxford, and Cambridge, according to a new report launched today by the British Business Bank.

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Mossgiel Organic Farm secures funding facility to help moov with the times

Published 1 year ago

The farmer in charge of one of a Scottish organic dairy farms is looking to expand his range of dairy products, forge new business relationships and better manage his cashflow thanks to a tailored Invoice Finance facility from Optimum Finance.

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Alba Bank and Mambu join forces to elevate SME banking experience

Published 1 year ago

In a bold step to further support underserved SMEs, challenger bank Alba Bank, founded in Glasgow in 2018 by entrepreneur Jim McColl, has partnered with Mambu’s cloud banking platform, aiming to better manage its lending services and both retail and business deposits.

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Henderson Loggie appointed liquidator of Tayport food processing equipment business Foodmek Ltd

Published 1 year ago

The directors of Tayport-based Foodmek Ltd have applied to the court to appoint insolvency specialist Shona Campbell of Henderson Loggie as liquidator. Closure of the 52-year-old firm affects 32 jobs.

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RBS: Scottish private sector hit by September slowdown

Published 1 year ago

Scotland’s private sector experienced a decline in September, with output falling for the first time since January, according to Royal Bank of Scotland’s (RBS) latest PMI survey.

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Recast Sports revived under founder’s ownership

Published 1 year ago

Edinburgh-based sports streaming platform Recast Sports has been reacquired out of administration by founder Andy Meikle through Content Technology Partners (CTP), a firm in which he holds a significant stake.

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British Business Bank launches new £150m investment fund for Scottish businesses

Published 1 year ago

The British Business Bank has unveiled its new £150 million Investment Fund for Scotland, unlocking additional funding to help smaller businesses to prosper and thrive.

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Beeks Financial Cloud sees revenues surge 22% to £22.4m

Published 1 year ago

Renfrewshire-based Beeks Financial Cloud has reported a year of continued growth, underscoring its increasingly influential presence in the global financial services sector.

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ICAS warns of HMRC service decline post civil servant cap

Published 1 year ago

The Institute of Chartered Accountants of Scotland (ICAS) has raised concerns in response to the Chancellor’s announcement proclaiming an immediate cap on the Civil Service headcount.

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MHA extends reach into Scotland through merger with Meston Reid & Co

Published 1 year ago

UK accountancy group MHA has announced a merger with Aberdeen-based Meston Reid & Co.

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Scotgold places staff on unpaid leave as financial strain intensifies

Published 1 year ago

Scotland’s sole commercial gold miner, Scotgold Resources, has placed the majority of its staff on unpaid leave “until further notice” as it continues to grapple with significant financial constraints.

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Arnold Clark pays whooping £67m dividend to family owners

Published 1 year ago

Family-owned car dealership Arnold Clark has paid £67 million worth of dividends to the family owners, a sum almost equivalent to the company’s furlough payments during the pandemic.

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St Andrews Links Trust reports financial turnaround with £3.7m profit

Published 1 year ago

The organisation managing the St Andrews Old Course has experienced a financial turnaround with a return to pre-pandemic revenue levels, posting a profit of £3.7 million in 2022.

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