Search: financial focus

Dundee-based Ace Aquatec, an award-winning aquaculture technology company focused on fish welfare, has successfully closed its latest investment round, securing £10 million. The funding comprises £7.5 million in equity led by Stolt Ventures, with participation from Scottish Enterprise an

Edinburgh has strengthened its position as a leading green financial centre, according to the latest Z/Yen Global Green Finance Index, the leading measure of international green financial centres. While Edinburgh's overall score was lower it has risen one place in the rankings to 18th, as centres ac

The UK government has confirmed it is looking to reform ISAs and potentially cut cash allowance, with a focus on balancing cash and equity investments. While Chancellor Rachel Reeves' Spring Statement avoided direct mention of ISAs, accompanying documents revealed plans for a consultation on the sav

Glasgow-headquartered Weir Group has signed a binding agreement to acquire Australian mining software firm Micromine for £657 million. Perth-based Micromine provides software solutions across the upstream mining value chain, encompassing mine design, planning, operational scheduling, and minin

Scottish Building Society, the world's oldest building society, has joined forces with Legado to implement technology which will modernise its member communications. As a member-owned mutual, Scottish Building Society’s focus and purpose is to help people save money, and to help people buy hom

Almost half of people in Scotland do not believe higher levels of personal taxation provide value for money for public services, according to a new poll by Survation for True North Advisors. Only 32% of people surveyed believed having higher income tax rates than the rest of the UK had delivered bet

The British Business Bank has provided financial support to 15,000 smaller businesses in Scotland, supporting 148,000 existing jobs and is expected to create 11,000 additional roles since it was established in 2014, cementing its position as a critical driver of growth and employment. The bank's The

The Financial Reporting Council (FRC) has launched a probe into KPMG's audit of gambling giant Entain's 2022 accounts. Entain, which owns brands including Ladbrokes, Coral, and Bwin, paid a £615 million fine in 2023 as part of a deferred prosecution agreement relating to a bribery probe into i

Highlands-based water treatment solutions provider RSE has reported a strong financial performance for the year ending 31 March 2024. Revenue surged by 30% to £257.2 million, up from £197.7m in 2023, while operating profit rose to £19.9m from £13.9m.

Dundee-based publisher DC Thomson has reported a significant financial turnaround, reporting a £93.8 million pre-tax profit for the year to 31 March 2024, up from a £161m loss in 2023. The positive result comes despite a slight dip in revenue from £161.4m to £153.8m.

Loganair has reported £6.9 million profit for the financial year ending 31 March 2024. This result, whilst continuing a positive financial trend, demonstrates the challenges experienced by the airline in 2023, especially in relation to operational performance, as it completed the fleet transit

The chief executive of Scottish Financial Enterprise, Sandy Begbie CBE FRSE, has received the Freedom of the City of London, in recognition of his significant contribution to Scotland’s financial and professional services sector. At the helm of the SFE since October 2020, he previously led the

Amid mounting fiscal pressures and rising demands on public services, ACCA has called for a sharper focus on productivity and outcomes in the public sector as part of a transformational shift broadening the focus from cost-cutting and cost control. Published just ahead of the Scottish budget, the re

The Financial Conduct Authority (FCA) has published the second phase of its consultation on proposals for a measured increase in transparency about its enforcement investigations.

The Financial Conduct Authority (FCA) is seeking feedback on proposals to extend the time firms have to respond to motor finance complaints where a non-discretionary commission arrangement was involved.