ScottishNews.com

Finance

EICC hails record £2.6 million profit

Published 1 year ago

The Edinburgh International Conference Centre (EICC) has achieved a record profit of £2.6 million on revenue of £12.8m for the year ended 31 December.

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J.P. Morgan Private Bank grows presence in Scotland

Published 1 year ago

J.P. Morgan Private Bank has announced it is expanding its footprint in Scotland with the addition of a new team of dedicated advisors in Edinburgh.

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Consilium and ICAS Foundation forge partnership to support social mobility in accountancy

Published 1 year ago

Consilium Chartered Accountants and the ICAS Foundation have announced a partnership aimed at fostering social mobility and inclusion within the accountancy profession.

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McGill’s invests £7.5m into FlixBus expansion to meet surging summer travel demand

Published 1 year ago

Bus company McGill’s has announced it will significantly increase the scale of its partnership with global travel tech company FlixBus this year.

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TAB expands bridging loan services to Scotland

Published 1 year ago

Real estate finance and investment house TAB has expanded its reach to Scotland, where it is now operating its bridging loan services to customers.

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Scottish Friendly and FinTech Scotland join forces to help boost innovation in the financial mutual sector

Published 1 year ago

Scottish Friendly has announced a strategic partnership with FinTech Scotland, highlighting the growing significance of further developing and improving fintech innovation across all financial services sectors, including life, savings, and investments.

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Scottish company insolvencies decrease by 19% in January 2024

Published 1 year ago

In January 2024 there were 88 company insolvencies registered in Scotland, 19% lower than the number in January 2023, according to The Insolvency Service.

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Paul Thwaite confirmed as NatWest CEO amidst strong financial results

Published 1 year ago

NatWest, operating as the Royal Bank of Scotland in Scotland, has confirmed the appointment of Paul Thwaite as permanent CEO as it reports its strongest financial results since the 2008 financial crisis.

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UK enters technical recession as GDP contracts

Published 1 year ago

Official figures have revealed that the UK has entered a technical recession at the close of 2023.

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AAB tops Experian M&A league

Published 1 year ago

AAB has kept its top financial adviser ranking with 18 mergers and acquisition deals completed during 2023, according to Experian’s latest United Kingdom and Republic of Ireland M&A Review.

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Virgin Money acquires full control of investment platform in £20m deal with abrdn

Published 1 year ago

Clydesdale Bank-owner Virgin Money is set to acquire Abrdn’s 50% stake in their joint investment platform for £20 million, less than a year since its launch.

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New JISAs forge ahead in Scotland, while ISAs take a back seat

Published 1 year ago

Scottish Friendly’s latest Investor Index has shown that planning for future generations has been the greater priority for parents and guardians in Scotland.

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Succession planning gap persists for many businesses

Published 1 year ago

A new survey by accountancy firm Azets has revealed that despite 58% of businesses considering succession planning, the high levels of awareness about succession are not being matched with formal planning.

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Miconex’s local gift cards inject over £12m into businesses

Published 1 year ago

Scottish fintech Miconex has revealed substantial growth in its local gift card programs, driving considerable revenue for businesses worldwide with sales figures topping £12.4 million across the UK, Ireland, Canada, and the USA in 2023.

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Goldman Sachs: UK economy 5% smaller outside EU

Published 1 year ago

The UK economy has taken a significant hit since leaving the European Union, according to a report by Goldman Sachs.

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