Search: raise

The flagship Inch Cape Offshore Wind Farm project has reached financial close raising more than £3.5 billion of funding, the equal joint owners ESB and Red Rock Renewables announced today. K2 Management (K2M), part of global wind engineering and advisory consultancy Ramboll, provided Lender&rs

Scottish businesses are buckling under the pressure of increased costs, with a huge jump in the number of businesses experiencing "critical" financial distress, according to Begbies Traynor. The independent business rescue and recovery specialist said its Red Flag Alert data for the last quarter of

HMRC collected a record £6.3 billion in inheritance tax over the nine months to the end of December 2024, according to new figures. Inheritance tax receipts reached £6.3bn from 5 April to 31 December 2024, marking an 11%increase on the £5.7bn received in the same period in 2023.

Abrdn shares jumped over 4% today after reporting improved inflows, offering a glimmer of hope for the challenged asset manager. The firm saw £1.2 billion in net inflows in the fourth quarter of 2024, a significant turnaround from £5.7bn of outflows a year prior. Despite this, abrdn stil

Oakbank Community Inn Sandbank (OCIS), the committee behind the revival of the landmark village inn, has announced a community share offer. The offer will be launched this weekend with an event at the inn on Sunday 26 January (2PM to 4PM).

PwC UK has initiated a new round of redundancies, trimming its workforce and delaying promotions for some junior staff, in response to a slowdown in the professional services sector. The over 25,000-employee firm, which provides audit, consulting, and tax services, has offered voluntary redundancy t

The UK economy showed meagre growth of 0.1% in November, following a decline in the previous month.

Crerar Hotels Group, which comprises seven award-winning hotels and inns, has reported a 9% increase in turnover and a £1.93 million rise in EBITDA, fuelled by a steady stream of guests across its portfolio. Room revenue also rose by 10%, contributing to a £1m increase in gross profit, f

The property market in Edinburgh, the Lothians, Fife, and the Borders remained buoyant during the last quarter of 2024, defying the typical seasonal slowdown.

Glasgow-based Embrace Steel Group, which provides steel frame building solutions throughout the UK, has appointed experienced finance executive Ross McAdam as its new chief financial officer. Mr McAdam will lead the ambitious steel group’s presence in Scotland alongside playing a crucial role

Marcus Di Rollo outlines six key themes that will shape Scotland’s property market in the coming year from the continued supply-demand imbalance and recalibrating rents to the evolving debate over short-term lets and eviction processes.  So far, the 2020s have seen a lot of change in Scot

More Scottish businesses are expecting turnover and profitability growth in 2025 than they did entering 2024, new research from Bank of Scotland’s Business Barometer reveals. Nearly three quarters (73%) of firms expect to see their turnover increase in the year ahead, up from 60% polled in Dec

Lindsays is on course to break the £200 million barrier for total home sales in 2025. Market experts at the firm say a more stable market during the past 12 months has been to the benefit of buyers and sellers following years of extreme highs and lows in both prices and trading conditions.

Knight Frank predicts that the utilities and information & communications sectors will dominate economic growth in Aberdeen, Edinburgh, and Glasgow through 2050. This growth will be buoyed by the transition to net zero and the rise of AI.