Scotgold Resources, the gold exploration and production company focused on Scotland, suffered a drop in value yesterday after issuing a warning that output in its first year of production at the Cononish Project would be “materially less” than previously anticipated. In a production
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Financial Intermediary & Broker Association (FIBA) partner Fiduciam has expanded into Scotland after enabling the refinancing of a Glasgow care home. The £1.14 million loan facilitated by Fiduciam, which is over a 24-month term, will allow the care home’s owners to refinance their ex
Michael Reid discusses the complexities and challenges of trade credit, focusing on retention of title issues, the role of credit reporting agencies, and the difficulties faced by suppliers in reclaiming goods in the event of a buyer's insolvency or liquidation. It is an accepted feature of the busi
CMS is holding a series of events across Scotland aimed at supporting further growth of the nation’s renewable energy sector. The Future of Renewables Seminars will kick off on 1 April at CMS’s Glasgow office with follow up sessions taking place in Edinburgh on 3 April and concluding at
Increasing capital gains tax (CGT) will not lead to lower investment, slower growth or reduced entrepreneurship, according to analysis from the Institute for Public Policy Research (IPPR). Despite recent claims in the media by a few wealthy individuals, the think tank has consulted with several mill
Ember has announced that it has raised an £11 million Series A financing round, led by Inven Capital, 2150 and AENU. Existing investors Pale Blue Dot and SkyScanner co-founder Gareth Williams also participated in the oversubscribed round. The company will use the funding to accelerate the roll
SME financier Reward Finance Group has introduced a specialised wellness team to extend wellbeing, mental health, first aid, and menopause support to its employees across its five regional hubs, comprising Scotland, London, Leeds, Manchester, Birmingham. The group's new team, consisting of 30 traine
North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan.
HSBC UK has announced the launch of a £500 million Green SME Fund as part of its commitment to support businesses of all sizes to transition and thrive in a low carbon economy. This follows HSBC’s global commitment to provide between $750 billion and $1 trillion of financing and investme
The Scottish Government needs to be more transparent about its spending in response to the Covid-19 pandemic, following a year in which its budget grew by a quarter, according to Audit Scotland. A report from the Auditor General for Scotland says that during 2020/21 the government's primary focus wa
HSBC UK has announced the launch of a £500m Green SME Fund as part of its commitment to support businesses of all sizes to transition and thrive in a low carbon economy. This follows HSBC’s global commitment to provide between USD750 billion and USD 1 trillion of financing and investment
Two of Scotland’s most successful entrepreneurs, Paddy Burns and Chris van der Kuyl, have today launched a new investment arm for their diverse and growing portfolio of investments. The pair, co-founders of multiple award-winning games developer 4J Studios, best known for developing Minecraft
STV has announced that it has suspended its planned dividend of 14.7p per share and embarked on a cost-cutting mission to ensure that it remains "financially resilient" amid the COVID-19 crisis. The broadcaster issued a trading update yesterday which said that it would suspend its final dividend for
DWF has appointed Caroline Colliston as a director in the firm’s tax team joining from corporate and commercial law firm Blackwood Partners LLP. Based in Edinburgh, she will support the firm’s private and public sector clients domestically and internationally with a focus on tax and share incent
Opportunities for strategic lenders as competitive debt market sees structure become as important as price, according to Savills. At its Scottish Financing Property presentation, Savills revealed that against a backdrop of challenging market dynamics, the debt market remains competitive, with struct
