Search: financial focus

Aberdeen-based social enterprise Glencraft has appointed Laura Bruce and Allan Clow as non-executive directors to help deliver the future development plans of the organisation.

Scottish Enterprise’s support is forecast to generate £709.74 million of Scottish innovation expenditure. The agency approved £120m in grant funding and equity investment for innovation activities in the 2021-22 financial year, which is now calculated to deliver a further £50

Six-in-10 adults in Scotland are finding keeping up with repayment of bills and credit commitments (including interest payments) a financial burden, according to new datafrom TSB.

Edinburgh-based jeweller Hamilton & Inches has posted its full year results, revealing turnover of £11.3 million, representing record sales for the business and a 57% increase from the previous year. Online sales at the firm have continued to grow within overall turnover, with an increase

Audit costs are set to rise by as much as 50% for businesses next year, BDO managing partner Paul Eagland has warned. Mr Eagland said: “I think we’ll see fee inflation next year ... of around 20 per cent,” adding “For certain audits, it could be 50 per cent".

The return of Scottish fund manager abrdn and engineering firm Weir Group to the FTSE 100 has been confirmed by the index's management group.

Retirement plans are set to be heavily impacted by government proposals to push the state pension age to 68 earlier than planned. The state pension age was originally planned to increase to 67 by 2028 and then 68 by 2039, however, ministers have suggested an overhaul to the age at which pensioners r

The board of Scottish meat casings firm Devro announced a takeover agreement has been reached with a company owned by one of Germany's richest families. The deal with Bidco is for a cash acquisition of the entire issued valued at approximately £540 million on a fully diluted basis, implying an

Global demand for fine and rare single malt Scotch whisky has continued to drive up both the volume and value of auction sales as investors flock to the alternative asset, according to a new report by investment bank Noble & Co. Noble & Co worked with data science business Brainnwave to coll

Profits are down at Speymalt Whisky Distributors, trading as Gordon & MacPhail, which reported a £7.5 million after tax profit in its latest filing for the year ended 28 February 2022. Profits were down 31.9% from £11m the year prior, however, exports increased and the firm has pushe

Calnex Solutions has achieved pretax profits of £3.1 million up from £2.3m, a 34% increase year-on-year. The Linlithgow-based company's growth in profits comes on a 37.6% increase in revenues. The firm reported £12.7m in revenues for the six month's ended 30 September 2022, up from

Rising energy costs are the biggest concern for a quarter of Scottish businesses this autumn and winter, according to new research by accountancy and business advisory firm BDO. The bi-monthly survey of 500 leaders of medium-sized businesses reveals that a further 22% are worried about business rate

A new fund has been launched to support communities to register an early interest to be able to obtain first option to buy land or buildings being offered for sale. Highlands and Islands Enterprise (HIE), which already administers the Scottish Land Fund across the country on behalf of Scottish Gover

John J. Ray, the lawyer known for taking over Enron after its collapse has been put in charge of failed crypto exchange FTX, founded and run by Sam Bankman-Fried.

Perth-based energy company SSE has reported a 221% jump in adjusted pre-tax profits year on year in the six months to the end of September reaching £559 million as energy prices across the UK continued to increase this year. Energy firms have increasingly come under fire from the British publi