Finance
Scottish hospitality business refinances £8m debt with The Cumberland
Published 1 year ago
A Scottish business owner who faced financial uncertainty after her bank exited the SME market has successfully refinanced £8 million of debt with The Cumberland Building Society.
Read on www.scottishfinancialnews.com →
Quiz in strategic review as financial woes hit Scottish retailer
Published 1 year ago
Glasgow-based fashion retailer Quiz has initiated a strategic review after it reported a pre-tax loss of £1.5 million for the first half of the year ending September 30, a stark contrast to the £1.8m profit in the previous period.
Read on www.scottishfinancialnews.com →
Bancon Group achieves £4.6m operating profits despite market headwinds
Published 1 year ago
The Aberdeenshire-based housebuilding and construction group Bancon Group has posted a robust year of trading, marked by a 33% increase in its homes business and a 16% rise in overall turnover, for the year ended March 2023.
Read on www.scottishfinancialnews.com →
Scots Campervan firm earns Fair Tax Mark for fourth consecutive year
Published 1 year ago
Jerba Campervans, a Scottish campervan conversion specialist, has distinguished itself by earning an esteemed certification recognising its responsible tax performance for the fourth year in a row.
Read on www.scottishfinancialnews.com →
Investors flock to gold and cryptocurrencies amid economic optimism and central bank shifts
Published 1 year ago
In recent financial developments, gold prices soared to a record high of $2,135.40 (around £1,690) an ounce, spurred by the anticipation of lower global borrowing costs, a weakening US dollar, and expectations of loosening global monetary policies.
Read on www.scottishfinancialnews.com →
Estonian ex-military turned financial expert launches Dundee-based investment school
Published 1 year ago
A former member of the Estonian army and University of Dundee alumnus has launched his investment education start-up Stock Doctor.
Read on www.scottishfinancialnews.com →
PwC: Scots consumers set to cut Christmas spending
Published 1 year ago
Scottish consumers are preparing for a more frugal festive season, as financial pressures cause a significant reduction in holiday spending, according to PwC’s latest Festive Predictions.
Read on www.scottishfinancialnews.com →
Eos announces two executive appointments
Published 1 year ago
St Andrews-based impact investment firm Eos Advisory LLP has announced a series of executive appointments, bringing the firm’s headcount to 11.
Read on www.scottishfinancialnews.com →
Scottish EDGE invests £1.5m into 38 early-stage high-growth businesses
Published 1 year ago
Some 38 Scottish businesses with high-growth potential have received a much-needed £1.5 million in funding in the 22nd round of the Scottish EDGE awards.
Read on www.scottishfinancialnews.com →
Macduff Shipyards remains buoyant with near 50% increase in pre-tax profits
Published 1 year ago
Macduff Shipyards has hailed a successful year as the firm posted a near-50% increase in pre-tax profits to £2.59 million.
Read on www.scottishnews.com →
Scotgold Resources appoints administrators putting over 80 jobs at risk
Published 1 year ago
Scotgold Resources has appointed Daniel Bredenkamp and Christopher Pattinson of Australia-based Pitcher Partners Accountants and Advisors (WA) as joint and several administrators.
Read on www.scottishnews.com →
Virgin Money invests £130m in AI to strengthen defences against growing cyber risks
Published 1 year ago
Clydesdale Bank-owner Virgin Money, headquartered in Glasgow, has revealed a strategic investment of £130 million in artificial intelligence (AI) and new technologies aimed at bolstering its defences against cybercrime and securing the future of the business.
Read on www.scottishfinancialnews.com →
Sauchiehall Street RBS branch to close as NatWest cuts deepen
Published 1 year ago
RBS-owner NatWest Group has announced the closure of its prominent RBS branch on Glasgow’s Sauchiehall Street, adding to the spate of bank shutdowns throughout the UK, with 18 additional NatWest branches slated to close south of the border.
Read on www.scottishfinancialnews.com →
Experian: AAB leads the field in Scottish M&A activity
Published 1 year ago
In its latest review for the third quarter Experian reported a notable downturn in M&A activity across Scotland, with deals totalling £4.9 billion in value, marking the fourth consecutive period of decline.
Read on www.scottishfinancialnews.com →
Macfarlane Group expects profits to beat last year despite revenue dip
Published 1 year ago
The board of Glasgow-headquartered protective packaging specialist Macfarlane Group has released a trading update for the period from 1 January to 31 October 2023.
Read on www.scottishfinancialnews.com →
Scottish hospitality business refinances £8m debt with The Cumberland
Published 1 year ago
A Scottish business owner who faced financial uncertainty after her bank exited the SME market has successfully refinanced £8 million of debt with The Cumberland Building Society.
Read on www.scottishfinancialnews.com →
Quiz in strategic review as financial woes hit Scottish retailer
Published 1 year ago
Glasgow-based fashion retailer Quiz has initiated a strategic review after it reported a pre-tax loss of £1.5 million for the first half of the year ending September 30, a stark contrast to the £1.8m profit in the previous period.
Read on www.scottishfinancialnews.com →
Bancon Group achieves £4.6m operating profits despite market headwinds
Published 1 year ago
The Aberdeenshire-based housebuilding and construction group Bancon Group has posted a robust year of trading, marked by a 33% increase in its homes business and a 16% rise in overall turnover, for the year ended March 2023.
Read on www.scottishfinancialnews.com →
Scots Campervan firm earns Fair Tax Mark for fourth consecutive year
Published 1 year ago
Jerba Campervans, a Scottish campervan conversion specialist, has distinguished itself by earning an esteemed certification recognising its responsible tax performance for the fourth year in a row.
Read on www.scottishfinancialnews.com →
Investors flock to gold and cryptocurrencies amid economic optimism and central bank shifts
Published 1 year ago
In recent financial developments, gold prices soared to a record high of $2,135.40 (around £1,690) an ounce, spurred by the anticipation of lower global borrowing costs, a weakening US dollar, and expectations of loosening global monetary policies.
Read on www.scottishfinancialnews.com →
Estonian ex-military turned financial expert launches Dundee-based investment school
Published 1 year ago
A former member of the Estonian army and University of Dundee alumnus has launched his investment education start-up Stock Doctor.
Read on www.scottishfinancialnews.com →
PwC: Scots consumers set to cut Christmas spending
Published 1 year ago
Scottish consumers are preparing for a more frugal festive season, as financial pressures cause a significant reduction in holiday spending, according to PwC’s latest Festive Predictions.
Read on www.scottishfinancialnews.com →
Eos announces two executive appointments
Published 1 year ago
St Andrews-based impact investment firm Eos Advisory LLP has announced a series of executive appointments, bringing the firm’s headcount to 11.
Read on www.scottishfinancialnews.com →
Scottish EDGE invests £1.5m into 38 early-stage high-growth businesses
Published 1 year ago
Some 38 Scottish businesses with high-growth potential have received a much-needed £1.5 million in funding in the 22nd round of the Scottish EDGE awards.
Read on www.scottishfinancialnews.com →
Macduff Shipyards remains buoyant with near 50% increase in pre-tax profits
Published 1 year ago
Macduff Shipyards has hailed a successful year as the firm posted a near-50% increase in pre-tax profits to £2.59 million.
Read on www.scottishnews.com →
Scotgold Resources appoints administrators putting over 80 jobs at risk
Published 1 year ago
Scotgold Resources has appointed Daniel Bredenkamp and Christopher Pattinson of Australia-based Pitcher Partners Accountants and Advisors (WA) as joint and several administrators.
Read on www.scottishnews.com →
Virgin Money invests £130m in AI to strengthen defences against growing cyber risks
Published 1 year ago
Clydesdale Bank-owner Virgin Money, headquartered in Glasgow, has revealed a strategic investment of £130 million in artificial intelligence (AI) and new technologies aimed at bolstering its defences against cybercrime and securing the future of the business.
Read on www.scottishfinancialnews.com →
Sauchiehall Street RBS branch to close as NatWest cuts deepen
Published 1 year ago
RBS-owner NatWest Group has announced the closure of its prominent RBS branch on Glasgow’s Sauchiehall Street, adding to the spate of bank shutdowns throughout the UK, with 18 additional NatWest branches slated to close south of the border.
Read on www.scottishfinancialnews.com →
Experian: AAB leads the field in Scottish M&A activity
Published 1 year ago
In its latest review for the third quarter Experian reported a notable downturn in M&A activity across Scotland, with deals totalling £4.9 billion in value, marking the fourth consecutive period of decline.
Read on www.scottishfinancialnews.com →
Macfarlane Group expects profits to beat last year despite revenue dip
Published 1 year ago
The board of Glasgow-headquartered protective packaging specialist Macfarlane Group has released a trading update for the period from 1 January to 31 October 2023.
Read on www.scottishfinancialnews.com →