Finance
Scottish National Investment Bank backs Verlume with £6.6m for offshore wind growth
Published 1 year ago
Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans.
Read on www.scottishfinancialnews.com →
Ardersier Port receives £300m to advance offshore wind and decommissioning initiatives
Published 1 year ago
Ardersier Port, situated near Inverness, has received an initial £300 million investment commitment from Quantum, a US investment firm that provides private capital to the global energy industry, to fuel the port’s redevelopment into a major energy transition facility.
Read on www.scottishfinancialnews.com →
Experts warn of 68% tax rate for Scottish high earners
Published 1 year ago
The Chartered Institute of Taxation (CIOT) has warned that high earners in Scotland will face an effective 68% tax rate if First Minister Humza Yousaf proceeds with a new charge under consideration.
Read on www.scottishfinancialnews.com →
The 150th Open delivers record £300m windfall for Scottish economy
Published 1 year ago
The 150th Open Championship at St Andrews brought over £300 million in economic benefits to Scotland, with a record-breaking attendance of 290,000 fans, according to a study commissioned by The R&A, Visitscotland, and Fife Council.
Read on www.scottishfinancialnews.com →
Historic Perth jeweller to shut down after 150+ years
Published 1 year ago
Cairncross of Perth, a Scottish jeweller established in 1869, is set to close its doors by the end of July, resulting in the loss of seven jobs.
Read on www.scottishfinancialnews.com →
Richard Muir: How Scots can build international trade links
Published 1 year ago
Richard Muir discusses the importance of international trade for business resilience, highlighting Scotland’s efforts to expand its global market presence, particularly in the green hydrogen and premium whisky sectors, through collaborations with foreign partners and participation in trade missions.
Read on www.scottishfinancialnews.com →
Interpath advisory administrators appointed to Stewart & Shields Limited
Published 1 year ago
Blair Nimmo and Alistair McAlinden from Interpath Advisory have been appointed joint provisional liquidators to Stewart & Shields Limited, a family-founded business that has been operating from Helensburgh for over 60 years, after the firm collapsed with the loss of 15 jobs.
Read on www.scottishfinancialnews.com →
Billionaire family expands empire with Bon Accord shopping centre purchase
Published 1 year ago
Zakir Issa, a sibling of the billionaire Issa brothers who own Asda, has acquired the Bon Accord shopping centre in Aberdeen through EP Properties for a sum believed to be less than £10 million.
Read on www.scottishfinancialnews.com →
Scotmid reports healthy financial performance amid challenging year
Published 1 year ago
Scotmid Co-op has reported a solid financial performance despite a challenging year, with its trading profit amounting to £3 million, £2.7m down from the previous year.
Read on www.scottishfinancialnews.com →
Wood Group considers Apollo’s £1.7 billion takeover bid
Published 1 year ago
Aberdeen-headquartered Wood Group’s board has confirmed it is considering Apollo Global Management’s fifth acquisition proposal for 240p per share, which was put forward earlier in the month.
Read on www.scottishfinancialnews.com →
Third sector-savvy accountant made director at Blackwood
Published 1 year ago
Blackwood Homes and Care has appointed finance professional Heather Duncan to the newly created role of director of finance and strategic partnerships.
Read on www.scottishfinancialnews.com →
EICC increases revenue by 45% to £11.8m in ‘rebound’ year
Published 1 year ago
The Edinburgh International Conference Centre (EICC) increased revenue by 45% to £11.8 million in the year to 31 December 2022 (2021: £7.4m), but recorded a decrease in operating profit to £700,000 from £1m the previous year.
Read on www.scottishfinancialnews.com →
RBS: Private sector activity in Scotland expands for the second month running
Published 1 year ago
According to the latest Royal Bank of Scotland PMI data, the Scottish private sector saw a second successive monthly rise in business activity, with underlying data showing quicker growth across both the manufacturing and service sectors.
Read on www.scottishfinancialnews.com →
Redmill Advance boosts position in wealth management training with Expert Pensions acquisition
Published 1 year ago
Edinburgh-based Redmill Advance has acquired Expert Pensions, a learning & development brand in the UK wealth management and financial planning industry.
Read on www.scottishfinancialnews.com →
Scotland’s tech sector takes centre stage at Tartan Week in New York City
Published 1 year ago
Investment opportunities were central to Tartan Week celebrations as some of Scotland’s most innovative tech firms pitched to North American venture capital investors in New York.
Read on www.scottishfinancialnews.com →
Scottish National Investment Bank backs Verlume with £6.6m for offshore wind growth
Published 1 year ago
Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans.
Read on www.scottishfinancialnews.com →
Ardersier Port receives £300m to advance offshore wind and decommissioning initiatives
Published 1 year ago
Ardersier Port, situated near Inverness, has received an initial £300 million investment commitment from Quantum, a US investment firm that provides private capital to the global energy industry, to fuel the port’s redevelopment into a major energy transition facility.
Read on www.scottishfinancialnews.com →
Experts warn of 68% tax rate for Scottish high earners
Published 1 year ago
The Chartered Institute of Taxation (CIOT) has warned that high earners in Scotland will face an effective 68% tax rate if First Minister Humza Yousaf proceeds with a new charge under consideration.
Read on www.scottishfinancialnews.com →
The 150th Open delivers record £300m windfall for Scottish economy
Published 1 year ago
The 150th Open Championship at St Andrews brought over £300 million in economic benefits to Scotland, with a record-breaking attendance of 290,000 fans, according to a study commissioned by The R&A, Visitscotland, and Fife Council.
Read on www.scottishfinancialnews.com →
Historic Perth jeweller to shut down after 150+ years
Published 1 year ago
Cairncross of Perth, a Scottish jeweller established in 1869, is set to close its doors by the end of July, resulting in the loss of seven jobs.
Read on www.scottishfinancialnews.com →
Richard Muir: How Scots can build international trade links
Published 1 year ago
Richard Muir discusses the importance of international trade for business resilience, highlighting Scotland’s efforts to expand its global market presence, particularly in the green hydrogen and premium whisky sectors, through collaborations with foreign partners and participation in trade missions.
Read on www.scottishfinancialnews.com →
Interpath advisory administrators appointed to Stewart & Shields Limited
Published 1 year ago
Blair Nimmo and Alistair McAlinden from Interpath Advisory have been appointed joint provisional liquidators to Stewart & Shields Limited, a family-founded business that has been operating from Helensburgh for over 60 years, after the firm collapsed with the loss of 15 jobs.
Read on www.scottishfinancialnews.com →
Billionaire family expands empire with Bon Accord shopping centre purchase
Published 1 year ago
Zakir Issa, a sibling of the billionaire Issa brothers who own Asda, has acquired the Bon Accord shopping centre in Aberdeen through EP Properties for a sum believed to be less than £10 million.
Read on www.scottishfinancialnews.com →
Scotmid reports healthy financial performance amid challenging year
Published 1 year ago
Scotmid Co-op has reported a solid financial performance despite a challenging year, with its trading profit amounting to £3 million, £2.7m down from the previous year.
Read on www.scottishfinancialnews.com →
Wood Group considers Apollo’s £1.7 billion takeover bid
Published 1 year ago
Aberdeen-headquartered Wood Group’s board has confirmed it is considering Apollo Global Management’s fifth acquisition proposal for 240p per share, which was put forward earlier in the month.
Read on www.scottishfinancialnews.com →
Third sector-savvy accountant made director at Blackwood
Published 1 year ago
Blackwood Homes and Care has appointed finance professional Heather Duncan to the newly created role of director of finance and strategic partnerships.
Read on www.scottishfinancialnews.com →
EICC increases revenue by 45% to £11.8m in ‘rebound’ year
Published 1 year ago
The Edinburgh International Conference Centre (EICC) increased revenue by 45% to £11.8 million in the year to 31 December 2022 (2021: £7.4m), but recorded a decrease in operating profit to £700,000 from £1m the previous year.
Read on www.scottishfinancialnews.com →
RBS: Private sector activity in Scotland expands for the second month running
Published 1 year ago
According to the latest Royal Bank of Scotland PMI data, the Scottish private sector saw a second successive monthly rise in business activity, with underlying data showing quicker growth across both the manufacturing and service sectors.
Read on www.scottishfinancialnews.com →
Redmill Advance boosts position in wealth management training with Expert Pensions acquisition
Published 1 year ago
Edinburgh-based Redmill Advance has acquired Expert Pensions, a learning & development brand in the UK wealth management and financial planning industry.
Read on www.scottishfinancialnews.com →
Scotland’s tech sector takes centre stage at Tartan Week in New York City
Published 1 year ago
Investment opportunities were central to Tartan Week celebrations as some of Scotland’s most innovative tech firms pitched to North American venture capital investors in New York.
Read on www.scottishfinancialnews.com →