ScottishNews.com

Finance

Apollo drops £1.7bn bid for Wood Group

Published 1 year ago

Apollo Global Management has withdrawn its fifth proposal to acquire Aberdeen-based energy services company Wood Group, causing the company’s share price to drop to 135p on Monday morning, which equated to a loss of over £500 million in the company’s stock market value.

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Fiona Cameron: Moving with the times – the Moveable Transactions (Scotland) Bill

Published 1 year ago

Fiona Cameron, banking partner in Shoosmiths’ Glasgow office, examines the significance of the recently passed Moveable Transactions (Scotland) Bill and outlines why it’s likely to be welcomed by Scotland’s banking practitioners and lenders.

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Record £1m turnover for Edinburgh-based Armstrong Gardens and Landscapes

Published 1 year ago

Armstrong Gardens and Landscapes, an Edinburgh-based garden design and build specialist, has bounced back from the pandemic to report a record turnover of more than £1 million.

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Johnston Carmichael appoints Amanda Collinson as international tax director

Published 1 year ago

Johnston Carmichael has strengthened its specialist tax team with the appointment of Amanda Collinson as international tax director.

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SAIC reaches 100-project milestone following latest £2.5m funding round

Published 1 year ago

The Sustainable Aquaculture Innovation Centre (SAIC) has announced support for a further six innovation projects valued at £2.5 million, taking its total investment in research and development initiatives to 100 projects.

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Edinburgh’s Margiotta to open new store following £725k HSBC funding

Published 1 year ago

Margiotta, a family-run independent convenience retailer in Edinburgh, is poised to grow its footprint, backed by a £725,000 investment from HSBC UK.

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Tax expert Brona MacDougall joins Condies as tax director

Published 1 year ago

Tax expert and former doctor, Brona MacDougall, has joined accountancy and advisory firm Condies as their new tax director.

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Highlands screen industry booms with record £3m spend in 2022

Published 1 year ago

The Highlands experienced a record year for its screen industry in 2022, with a direct spend of over £3 million from national and international productions.

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Abrdn appoints Anne Breen as head of real estate in growth-focused restructure

Published 1 year ago

Asset management firm abrdn has appointed Anne Breen as head of real estate, as the company moves towards a simplified focus on growth by dividing its real assets division into real estate and infrastructure.

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Glasgow-based IbisVision goes global with £4.5m for US & EU expansion

Published 1 year ago

Scottish healthtech firm IbisVision has raised £4.5 million in growth funding to expand its remote eye test platform into the US and EU markets.

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Scottish Building Society: Rising living costs impact 85% of savers

Published 1 year ago

Savers across Scotland have seen their finances take a hit over the last 12 months with the vast majority of Scots (85%) seeing the increased cost-of-living directly impacted their finances, according to latest researched by Scottish Building Society.

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Roddy Smith: End of tax-free shopping a spectacular own goal for UK

Published 1 year ago

Roddy Smith discusses the negative impact of the UK government’s decision to end tax-free shopping on the tourism industry, particularly in Edinburgh, and the ongoing efforts to reverse this decision in order to boost the economy and attract more visitors.

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Condies targets 20% fee growth with new Dundee office launch

Published 1 year ago

Scottish accountancy firm Condies has opened a new office in Dundee’s City Quay to accommodate increased demand and expand its regional services.

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Maven Capital Partners and Scottish Enterprise invest over £2.5m in sustainable transport firm Liftango

Published 1 year ago

Glasgow-headquartered Maven Capital Partners has invested an additional £1.25 million in global carpool and on-demand transport tech provider Liftango, which counts Amazon, Ikea, and Tesla among its clients.

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Edinburgh-based Dot Surveying transitions to employee-owned model

Published 1 year ago

Edinburgh-headquartered Dot Surveying has transitioned to an employee-owned business structure, with the company’s founder, Tom Gallivan, selling a majority stake to an employee ownership trust (EOT).

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