Finance
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
Macfarlane Group expands reach with £3.85m acquisition of B&D Group
Published 1 year ago
Glasgow-based Macfarlane Group has acquired B&D 2010 Group Limited, a Southern England based specialist in protective packaging, in a deal worth £3.85 million.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
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.
Read on www.scottishfinancialnews.com →
Macfarlane Group expands reach with £3.85m acquisition of B&D Group
Published 1 year ago
Glasgow-based Macfarlane Group has acquired B&D 2010 Group Limited, a Southern England based specialist in protective packaging, in a deal worth £3.85 million.
Read on www.scottishfinancialnews.com →