Finance
Bank of Scotland owner Lloyds’ Q3 profits jump to £1.86bn
Published 1 year ago
Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.
Read on www.scottishfinancialnews.com →
Reward Finance Group amplifies SME support with £50m from Foresight Group
Published 1 year ago
SME business finance loans and asset-based solutions firm Reward Finance Group, which has an office in Edinburgh, has secured an additional £50 million to its credit line from the alternative investment manager, Foresight Group.
Read on www.scottishfinancialnews.com →
Aberdeen-headquartered activpayroll expands global reach with LIMES acquisition
Published 1 year ago
Provider of global payroll and HR solutions activpayroll has acquired LIMES International, a firm headquartered in the Netherlands and specialising in global mobility, tax, HR advisory, and payroll management, for an undisclosed amount.
Read on www.scottishfinancialnews.com →
Corporate insolvencies up nearly 5% year-on-year
Published 1 year ago
Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy.
Read on www.scottishfinancialnews.com →
Carbon Financial Partners to be acquired by Progeny
Published 1 year ago
Scottish financial advisory firm Carbon Financial Partners is poised for acquisition by Leeds-based professional services company Progeny for an undisclosed sum.
Read on www.scottishfinancialnews.com →
Glasgow’s Alba Bank partners with ClearBank to manage payments for SMEs
Published 1 year ago
Alba Bank, founded by Scottish entrepreneur Jim McColl, has partnered with ClearBank, the enabler of real-time clearing and embedded banking, to manage payments for its customers.
Read on www.scottishfinancialnews.com →
SCC: High interest rates preventing investment in Scottish economy
Published 1 year ago
High interest rates are preventing investment in the Scottish economy, according to the latest Scottish Chambers of Commerce Quarterly Economic Indicator.
Read on www.scottishfinancialnews.com →
Simon Howie boosts profits to over £4.4m despite ‘staggering’ costs increase
Published 1 year ago
Perthshire-based Simon Howie Butchers has seen its pre-tax profits rise to more than £4.4 million despite a “staggering” rise in energy bills.
Read on www.scottishnews.com →
CB Technology revenues increase 36% with significant growth in staff
Published 1 year ago
Scotland’s largest independent electronics contract manufacturer, CB Technology, has delivered a 36% increase in turnover for 2022-23, taking its revenues to £14.3 million.
Read on www.scottishnews.com →
Johnston Carmichael and ICAS Foundation pioneer social mobility in Scottish accountancy
Published 1 year ago
In a move to foster social mobility and diversity, Johnston Carmichael has teamed up with the ICAS Foundation in a collaboration to financially back young, disadvantaged Scots pursuing accountancy degrees, addressing educational inequality head-on.
Read on www.scottishfinancialnews.com →
SPFL distributes £35.8m to clubs amid record £41.9m turnover
Published 1 year ago
The Scottish Professional Football League (SPFL) has reported a record-breaking financial year, with a turnover surge of 6% to £41.9 million, the highest in the league’s history.
Read on www.scottishfinancialnews.com →
£1m grant fuels waste facility upgrade and job creation in Polmont
Published 1 year ago
Levenseat, a recycling and waste management firm, is set to generate 50 new jobs at its Lathallan facility in Polmont, close to Falkirk, following a nearly £1 million grant from Scottish Enterprise.
Read on www.scottishfinancialnews.com →
Orkney Fishermen’s Society sails out of administration with Orkney Crab Ltd acquisition
Published 1 year ago
Orkney Fishermen’s Society, a supplier of crabs, lobsters, and fresh seafood, has been sold out of administration by joint administrators Michelle Elliot and Callum Carmichael, partners with FRP Advisory, to Orkney Crab Ltd, a subsidiary of PDK Shellfish Ltd, in a deal that saves the jobs of all 55 existing jobs.
Read on www.scottishfinancialnews.com →
Glasgow’s Metahelios chosen as Start Up Loans ambassador
Published 1 year ago
Advanced space camera technology firm Metahelios has been named as one of the 12 new ambassadors for the Start Up Loans programme, an initiative of the British Business Bank.
Read on www.scottishfinancialnews.com →
SIS Group champions economic recovery as lending returns to pre-pandemic levels
Published 1 year ago
Responsible finance provider SIS Group has seen a return to ‘business-as-usual’ as resilience funding decreased and demand for other funds reached near pre-pandemic levels, as detailed in its latest annual report.
Read on www.scottishfinancialnews.com →
Bank of Scotland owner Lloyds’ Q3 profits jump to £1.86bn
Published 1 year ago
Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.
Read on www.scottishfinancialnews.com →
Reward Finance Group amplifies SME support with £50m from Foresight Group
Published 1 year ago
SME business finance loans and asset-based solutions firm Reward Finance Group, which has an office in Edinburgh, has secured an additional £50 million to its credit line from the alternative investment manager, Foresight Group.
Read on www.scottishfinancialnews.com →
Aberdeen-headquartered activpayroll expands global reach with LIMES acquisition
Published 1 year ago
Provider of global payroll and HR solutions activpayroll has acquired LIMES International, a firm headquartered in the Netherlands and specialising in global mobility, tax, HR advisory, and payroll management, for an undisclosed amount.
Read on www.scottishfinancialnews.com →
Corporate insolvencies up nearly 5% year-on-year
Published 1 year ago
Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy.
Read on www.scottishfinancialnews.com →
Carbon Financial Partners to be acquired by Progeny
Published 1 year ago
Scottish financial advisory firm Carbon Financial Partners is poised for acquisition by Leeds-based professional services company Progeny for an undisclosed sum.
Read on www.scottishfinancialnews.com →
Glasgow’s Alba Bank partners with ClearBank to manage payments for SMEs
Published 1 year ago
Alba Bank, founded by Scottish entrepreneur Jim McColl, has partnered with ClearBank, the enabler of real-time clearing and embedded banking, to manage payments for its customers.
Read on www.scottishfinancialnews.com →
SCC: High interest rates preventing investment in Scottish economy
Published 1 year ago
High interest rates are preventing investment in the Scottish economy, according to the latest Scottish Chambers of Commerce Quarterly Economic Indicator.
Read on www.scottishfinancialnews.com →
Simon Howie boosts profits to over £4.4m despite ‘staggering’ costs increase
Published 1 year ago
Perthshire-based Simon Howie Butchers has seen its pre-tax profits rise to more than £4.4 million despite a “staggering” rise in energy bills.
Read on www.scottishnews.com →
CB Technology revenues increase 36% with significant growth in staff
Published 1 year ago
Scotland’s largest independent electronics contract manufacturer, CB Technology, has delivered a 36% increase in turnover for 2022-23, taking its revenues to £14.3 million.
Read on www.scottishnews.com →
Johnston Carmichael and ICAS Foundation pioneer social mobility in Scottish accountancy
Published 1 year ago
In a move to foster social mobility and diversity, Johnston Carmichael has teamed up with the ICAS Foundation in a collaboration to financially back young, disadvantaged Scots pursuing accountancy degrees, addressing educational inequality head-on.
Read on www.scottishfinancialnews.com →
SPFL distributes £35.8m to clubs amid record £41.9m turnover
Published 1 year ago
The Scottish Professional Football League (SPFL) has reported a record-breaking financial year, with a turnover surge of 6% to £41.9 million, the highest in the league’s history.
Read on www.scottishfinancialnews.com →
£1m grant fuels waste facility upgrade and job creation in Polmont
Published 1 year ago
Levenseat, a recycling and waste management firm, is set to generate 50 new jobs at its Lathallan facility in Polmont, close to Falkirk, following a nearly £1 million grant from Scottish Enterprise.
Read on www.scottishfinancialnews.com →
Orkney Fishermen’s Society sails out of administration with Orkney Crab Ltd acquisition
Published 1 year ago
Orkney Fishermen’s Society, a supplier of crabs, lobsters, and fresh seafood, has been sold out of administration by joint administrators Michelle Elliot and Callum Carmichael, partners with FRP Advisory, to Orkney Crab Ltd, a subsidiary of PDK Shellfish Ltd, in a deal that saves the jobs of all 55 existing jobs.
Read on www.scottishfinancialnews.com →
Glasgow’s Metahelios chosen as Start Up Loans ambassador
Published 1 year ago
Advanced space camera technology firm Metahelios has been named as one of the 12 new ambassadors for the Start Up Loans programme, an initiative of the British Business Bank.
Read on www.scottishfinancialnews.com →
SIS Group champions economic recovery as lending returns to pre-pandemic levels
Published 1 year ago
Responsible finance provider SIS Group has seen a return to ‘business-as-usual’ as resilience funding decreased and demand for other funds reached near pre-pandemic levels, as detailed in its latest annual report.
Read on www.scottishfinancialnews.com →