ScottishNews.com

Finance

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

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.

Read on www.scottishfinancialnews.com →

Millar & Bryce partners with Armalytix to enhance AML checks

Published 1 year ago

Land property search firm Millar & Bryce has formed a partnership with Armalytix, a data intelligence firm that allows the safe sharing of financial insights.

Read on www.scottishfinancialnews.com →

Multi-million-pound loan secures 850 beds for students across Aberdeen and Dundee

Published 1 year ago

Specialist lender Together has provided a multi-million-pound loan for the purchase of an 850-bed portfolio of student accommodation across Aberdeen and Dundee.

Read on www.scottishhousingnews.com →

Octopus Real Estate provides loan for residential development in North Berwick

Published 1 year ago

Octopus Real Estate has provided a loan of £6.4 million to finance the ground-up development of 14 new homes in North Berwick.

Read on www.scottishhousingnews.com →

ICAS: Single regulator for the insolvency profession not the way forward

Published 1 year ago

The Institute of Chartered Accountants of Scotland (ICAS) has endorsed the UK government’s recent decision against creating a single insolvency profession regulator.

Read on www.scottishfinancialnews.com →

UMi receives £4m boost to propel growth of Scottish SMEs

Published 1 year ago

UMi Debt Finance has received an additional £4 million funding injection to continue its support for Scotland’s small & medium enterprises (SMEs) sector.

Read on www.scottishfinancialnews.com →

RBS: Scottish private sector sees decline in business activity and new orders

Published 1 year ago

The Royal Bank of Scotland’s latest PMI survey recorded almost no change in business activity across Scotland’s private sector for August 2023.

Read on www.scottishfinancialnews.com →