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Finance

Business Stream announces £32m in savings for customers

Published 1 year ago

Edinburgh-based water retailer Business Stream has announced substantial savings for its customers, amounting to nearly £32 million for the 2022/23 financial year.

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Celtic Football Club scores record annual profits of £40.7m

Published 1 year ago

Celtic Football Club has revealed record annual pre-tax profits of £40.7 million, boosted by a triumphant return to the Champions League and other strategic moves.

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Greenwood Moreland Insurance Brokers acquires Calcluth & Sangster

Published 1 year ago

Hamilton-based Greenwood Moreland, part of JMG Group, has acquired Glasgow-based Calcluth & Sangster Insurance Brokers.

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Highland Soap Company lands £51,400 investment for major expansion in Fort William

Published 1 year ago

Fort William-based Highland Soap Company (HSC) is poised to significantly scale its operations after securing a £51,400 investment from Highlands and Islands Enterprise (HIE).

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Edinburgh’s Old College Capital backs AlveoGene in pioneering respiratory gene therapy

Published 1 year ago

AlveoGene, a biotech start-up specialising in inhaled gene therapy for rare respiratory diseases, has officially launched.

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Johnstons of Elgin ramps up production following sales surge

Published 1 year ago

Scottish woollen garment manufacturer Johnstons of Elgin is set to expand production following a robust sales performance and job creation despite a challenging economic landscape.

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Growth in turnover and drop in profits at Peter Vardy Group

Published 1 year ago

In a year marked by challenges and transformation, Peter Vardy Group showcased resilient financial performance reporting a 5% year-on-year increase in turnover, taking the figure to £609 million for the year ending 31 December 2022.

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Value of Scotland’s international exports hits £36.7bn, outpacing UK average

Published 1 year ago

Scotland is outpacing the UK in the growth of goods exports, according to figures from the HMRC Regional Trade Statistics for Q2 2023.

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Major fundraising campaign launched to re-open Edinburgh’s Filmhouse

Published 1 year ago

A fundraising campaign is underway today to re-open Edinburgh’s Filmhouse, a well-loved cinema known for presenting one of the most ambitious and diverse cinema programmes in the UK. The ambition is for Filmhouse to open its doors once again in 2024.

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Merger of Cenkos and finnCap creates Scottish investment bank Cavendish

Published 1 year ago

Scottish independent investment bank Cavendish has been formally established through the merger of Cenkos Securities and finnCap Group.

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Scotland’s care homes sector ‘faces 10% contraction’ as pressures mount

Published 1 year ago

Scotland’s care homes sector is facing an uncertain future due to mounting financial and operational pressures, including shortfalls in local authority funding, with further closures and a contraction in capacity likely, an insolvency expert is warning.

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ICAS calls for ethical leadership to be at the heart of UK’s Corporate Governance Code

Published 1 year ago

The Institute of Chartered Accountants of Scotland (ICAS) highlights key concerns in response to the Financial Reporting Council’s draft revised UK Corporate Governance Code, and calls for any changes to support wider government objectives to grow the economy. The institute also wants to see ethical leadership enshrined in the new code.

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Electricity Asset Services secures major contracts with £550k in aid from Bank of Scotland

Published 1 year ago

Scottish electricity company Electricity Asset Services Limited has secured major new contracts with Scottish Power, SP Energy Networks, and Lastmile Asset Management, driving a significant expansion of its business, thanks to support from Bank of Scotland.

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British Business Bank’s £1bn milestone includes £62m for Scottish start-ups

Published 1 year ago

Delivering over 105,000 loans, the British Business Bank’s Start Up Loans programme has passed a significant milestone having disbursed more than £1 billion in loans.

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Azets: 50% of business exits result of unexpected ‘tap on the shoulder’

Published 1 year ago

Up to 50% of business exits occur due to an unexpected approach from potential buyers, however many business owners fail to maximise shareholder value as they are ill prepared for the ‘tap on a shoulder’ approach, according to research by Azets.

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