Finance
Scottish SMEs receive £1m support to explore additive manufacturing
Published 1 year ago
A £1 million project has encouraged more than 100 small to medium sized enterprises across Scotland’s manufacturing industry to explore the potential of additive manufacturing (AM) techniques – industrial 3D printing – that could add value and open up new commercial opportunities.
Read on www.scottishfinancialnews.com →
Changes to HNWI definitions bring unintended consequences for women investors and founders
Published 1 year ago
Changes to what constitutes a high-net-worth individual are likely to have the unintended consequence of negatively impacting on women investors and women-founded businesses in Scotland, investment specialists have said.
Read on www.scottishfinancialnews.com →
Scottish retail weathers January storms and economic chill
Published 1 year ago
There has been a 2.7% decrease in Scottish retail footfall, slightly better than the UK average of 2.8% year-on-year during the period of 31 December 2023 to 27 January 2024, the latest SRC-Sensormatic IQ data reveals.
Read on www.scottishfinancialnews.com →
Scotland’s GDP contracts slightly in November
Published 1 year ago
Scotland’s onshore GDP faced a marginal contraction of 0.1% in November, a slight improvement from the revised figure of -0.6% in October 2023, according to the latest date announced by the chief statistician.
Read on www.scottishfinancialnews.com →
FinTech Scotland deepens collaboration with global financial firms for inaugural innovation challenge
Published 1 year ago
FinTech Scotland, in collaboration with professional services supporter Deloitte, and with Tesco Bank, Morgan Stanley and abrdn, has launched a first-of-its-kind innovation challenge.
Read on www.scottishfinancialnews.com →
Bank of England maintains 5.25% rate, pending inflation clarity
Published 1 year ago
The Bank of England has decided to maintain interest rates at 5.25% for the fourth consecutive meeting, emphasising the need for “more evidence” that inflation is on a sustained downward trajectory before considering rate cuts.
Read on www.scottishfinancialnews.com →
Grant Thornton reports £363 million in deals for 2023
Published 1 year ago
Grant Thornton UK’s Scotland corporate finance team has reported a successful 2023, overcoming challenging market conditions.
Read on www.scottishfinancialnews.com →
Aegon UK completes Nationwide financial planning service integration
Published 1 year ago
Edinburgh-headquartered Aegon UK has completed the transfer of Nationwide Building Society’s financial planning service into the business.
Read on www.scottishfinancialnews.com →
Not-for-profit Locavore CIC enters administration as expansion plans unravel
Published 1 year ago
Glasgow-based Locavore Community Interest Company has entered administration on 30 January 2024, with Blair Nimmo and Geoff Jacobs of Interpath Advisory appointed as joint administrators.
Read on www.scottishfinancialnews.com →
Accounts Commission: Orkney Islands Council must bridge £27m funding gap
Published 1 year ago
Orkney Islands Council has been told it must shift its focus to ensuring its services remain financially sustainable, as it faces a significant funding gap of £27 million over the next four years.
Read on www.scottishhousingnews.com →
ICAEW: Scottish businesses balance confidence dip with strong growth prospects
Published 1 year ago
Business confidence in Scotland has dropped below both the UK average and the historical norm for the country, but remains in positive territory, according to a new survey of chartered accountants.
Read on www.scottishfinancialnews.com →
Trademylux launches innovative art resale platform with £300,000 backing
Published 1 year ago
Scottish start-up business Trademylux Limited has secured a £300,000 investment from TRICAPITAL Angels Limited and Scottish Enterprise as it launches the first in a series of luxury goods resale platforms.
Read on www.scottishfinancialnews.com →
Dutch firm LionVolt acquires Scottish battery manufacturer AMTE Power
Published 1 year ago
FRP Advisory has sold AMTE Power’s Scotland business and assets out of administration to Dutch battery technology firm LionVolt, saving 20 jobs.
Read on www.scottishfinancialnews.com →
First Minister enhances financial ties with City of London Corporation
Published 1 year ago
First Minister Humza Yousaf is visiting London this week to take part in a number of events in partnership with the City of London Corporation, including agreeing an enhanced framework to promote Scotland and London as centres of excellence for financial services.
Read on www.scottishfinancialnews.com →
Spotless Commercial Cleaning surpasses £20m turnover with latest acquisition
Published 1 year ago
Edinburgh-based Spotless Commercial Cleaning Ltd has expanded its operations with the acquisition of Ashdown Cleaning, a Norwich-based company, adding a further 100 staff to its growing UK team.
Read on www.scottishfinancialnews.com →
Scottish SMEs receive £1m support to explore additive manufacturing
Published 1 year ago
A £1 million project has encouraged more than 100 small to medium sized enterprises across Scotland’s manufacturing industry to explore the potential of additive manufacturing (AM) techniques – industrial 3D printing – that could add value and open up new commercial opportunities.
Read on www.scottishfinancialnews.com →
Changes to HNWI definitions bring unintended consequences for women investors and founders
Published 1 year ago
Changes to what constitutes a high-net-worth individual are likely to have the unintended consequence of negatively impacting on women investors and women-founded businesses in Scotland, investment specialists have said.
Read on www.scottishfinancialnews.com →
Scottish retail weathers January storms and economic chill
Published 1 year ago
There has been a 2.7% decrease in Scottish retail footfall, slightly better than the UK average of 2.8% year-on-year during the period of 31 December 2023 to 27 January 2024, the latest SRC-Sensormatic IQ data reveals.
Read on www.scottishfinancialnews.com →
Scotland’s GDP contracts slightly in November
Published 1 year ago
Scotland’s onshore GDP faced a marginal contraction of 0.1% in November, a slight improvement from the revised figure of -0.6% in October 2023, according to the latest date announced by the chief statistician.
Read on www.scottishfinancialnews.com →
FinTech Scotland deepens collaboration with global financial firms for inaugural innovation challenge
Published 1 year ago
FinTech Scotland, in collaboration with professional services supporter Deloitte, and with Tesco Bank, Morgan Stanley and abrdn, has launched a first-of-its-kind innovation challenge.
Read on www.scottishfinancialnews.com →
Bank of England maintains 5.25% rate, pending inflation clarity
Published 1 year ago
The Bank of England has decided to maintain interest rates at 5.25% for the fourth consecutive meeting, emphasising the need for “more evidence” that inflation is on a sustained downward trajectory before considering rate cuts.
Read on www.scottishfinancialnews.com →
Grant Thornton reports £363 million in deals for 2023
Published 1 year ago
Grant Thornton UK’s Scotland corporate finance team has reported a successful 2023, overcoming challenging market conditions.
Read on www.scottishfinancialnews.com →
Aegon UK completes Nationwide financial planning service integration
Published 1 year ago
Edinburgh-headquartered Aegon UK has completed the transfer of Nationwide Building Society’s financial planning service into the business.
Read on www.scottishfinancialnews.com →
Not-for-profit Locavore CIC enters administration as expansion plans unravel
Published 1 year ago
Glasgow-based Locavore Community Interest Company has entered administration on 30 January 2024, with Blair Nimmo and Geoff Jacobs of Interpath Advisory appointed as joint administrators.
Read on www.scottishfinancialnews.com →
Accounts Commission: Orkney Islands Council must bridge £27m funding gap
Published 1 year ago
Orkney Islands Council has been told it must shift its focus to ensuring its services remain financially sustainable, as it faces a significant funding gap of £27 million over the next four years.
Read on www.scottishhousingnews.com →
ICAEW: Scottish businesses balance confidence dip with strong growth prospects
Published 1 year ago
Business confidence in Scotland has dropped below both the UK average and the historical norm for the country, but remains in positive territory, according to a new survey of chartered accountants.
Read on www.scottishfinancialnews.com →
Trademylux launches innovative art resale platform with £300,000 backing
Published 1 year ago
Scottish start-up business Trademylux Limited has secured a £300,000 investment from TRICAPITAL Angels Limited and Scottish Enterprise as it launches the first in a series of luxury goods resale platforms.
Read on www.scottishfinancialnews.com →
Dutch firm LionVolt acquires Scottish battery manufacturer AMTE Power
Published 1 year ago
FRP Advisory has sold AMTE Power’s Scotland business and assets out of administration to Dutch battery technology firm LionVolt, saving 20 jobs.
Read on www.scottishfinancialnews.com →
First Minister enhances financial ties with City of London Corporation
Published 1 year ago
First Minister Humza Yousaf is visiting London this week to take part in a number of events in partnership with the City of London Corporation, including agreeing an enhanced framework to promote Scotland and London as centres of excellence for financial services.
Read on www.scottishfinancialnews.com →
Spotless Commercial Cleaning surpasses £20m turnover with latest acquisition
Published 1 year ago
Edinburgh-based Spotless Commercial Cleaning Ltd has expanded its operations with the acquisition of Ashdown Cleaning, a Norwich-based company, adding a further 100 staff to its growing UK team.
Read on www.scottishfinancialnews.com →