ScottishNews.com

Finance

SRC & KPMG: Scottish retailers brace for tight festive season amid sales slowdown

Published 1 year ago

Scottish retailers have faced a daunting start to the crucial festive period, with total sales rising a modest 2.9% in October 2023 compared to the same month last year, falling below both the three-month and twelve-month average increases.

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Economic pressure eases as UK inflation dips to two-year low

Published 1 year ago

The UK’s inflation rate has dipped to a two-year low of 4.6%, signalling a favourable turn in the country’s economic landscape.

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Tax expertise from Henderson Loggie spurs Dundee-based Konglomerate Games’ growth

Published 1 year ago

Dundee-based games development company Konglomerate Games has become a standout in the health gaming industry, with astute tax guidance from Henderson Loggie.

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Scottish company insolvencies rise by 21% year-on-year

Published 1 year ago

Scotland has seen a 21% increase in company insolvencies during October 2023 compared to the previous year, with 99 cases registered.

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FRP Advisory appointed as Sign Plus Limited enters administration

Published 1 year ago

Michelle Elliot and Anthony Collier, partners with FRP Advisory, have been appointed joint administrators of Sign Plus Limited, a Scottish supplier of signs for a wide variety of markets, including the defence industry.

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Interpath Advisory appointed provisional liquidators of Tots Bots Limited

Published 1 year ago

Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint provisional liquidators to Tots Bots Limited on 9 November 2023.

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EY: UK economy dodges recession in Q3, but faces stagnation ahead

Published 1 year ago

The UK’s economy has displayed resilience in the Q3 of 2023, with the GDP managing to remain steady, thus averting the risk of a technical recession.

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HMRC set for operational overload as 1.2 million more savers face tax liabilities

Published 1 year ago

HM Revenue & Customs (HMRC) is bracing for a surge in taxpayer queries and potential operational strain as an estimated 1.2 million individuals have found themselves liable for tax on savings interest due to increased earnings and higher savings rates.

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Ex-NatWest CEO to lose majority of £10m payout

Published 1 year ago

It has been revealed that the former CEO of RBS-owner NatWest Group, Dame Alison Rose will forfeit the majority of her £10 million potential payout following the scandal involving the closure of Nigel Farage’s account at the bank’s subsidiary, Coutts.

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Thousands of Edinburgh employees benefit from fair pay after Living Wage campaign

Published 1 year ago

A campaign to boost the number of businesses which become real Living Wage accredited has led to 12,000 Edinburgh workers receiving a direct, guaranteed uplift in pay over the past decade.

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PwC: Subdued Scottish growth amidst UK’s cautious economic optimism

Published 1 year ago

Scotland’s economic outlook remains cautious, with growth anticipated to be subdued through 2023 and 2024, according to the latest PwC UK Economic Outlook report.

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Scottish Enterprise fuels record number of university spinouts with £2.06m in grants

Published 1 year ago

Scottish Enterprise (SE) has broken its own record in nurturing academic innovation, demonstrating significant fiscal progress through its High Growth Spinout Program (HGSP).

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ICAS urges reinstatement of key audit reforms after King’s Speech omission

Published 1 year ago

Responding to the omission of the Audit and Corporate Governance Reform Bill from the King’s Speech today, ICAS has warned of a detrimental impact and calls for the government to rethink its position.

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Souter Investments seals deal to acquire engineering firm Premier Hytemp

Published 1 year ago

In a strategic move within the energy sector, Souter Investments, led by Sir Brian Souter, has finalised an agreement to acquire Premier Hytemp, a firm in the engineering solutions space.

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Scottish business representative organisations demand business rate freeze

Published 1 year ago

Thirty-five business representative groups and industry bodies have jointly written to the Scottish Government’s Deputy First Minister and Finance Secretary asking her to freeze the business rate in the coming financial year.

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