Capital Credit Union (CCU) has recorded its highest-ever monthly intake of new members in its 35-year history, thanks to formal partnerships with Scotland’s sporting community and the greener energy supply chain. The Edinburgh-headquartered ethical lender attracted 522 new members in February
Search: financial focus
Phoenix Group shares experienced a surge of over 6% on Monday, following the company's announcement of significantly exceeding its cash generation targets and upgraded future guidance. The FTSE 100 firm, which owns Standard Life, reported a 31% increase in 2024 operating profit, reaching £825
The UK economy unexpectedly shrank by 0.1% in January, a setback for the government as Chancellor Rachel Reeves prepares for the Spring Statement. This contraction, driven primarily by a decline in manufacturing, falls short of economists' predictions of 0.1% growth.
The Additional Dwelling Supplement rise is another blow to Scottish landlords, but opportunities remain in a sector which can bring rich rewards, argues Riccardo Giovanacci. The Scottish Government had another thoughtful Christmas present for landlords in the Private Rental Sector (PRS) in Dece
Loose Ends, a Lerwick-based knitting, yarn, and haberdashery shop, has more than doubled its turnover after receiving support from Business Gateway. The Commercial Street retailer, a vital resource for Shetland's textile makers and crafters, offers a wide range of products, including fabrics, knitti
At a special full Inverclyde Council meeting last week, councillors approved a three-year £65 million capital budget. Projects included in the £65m capital budget that was agreed are:
In this edition of our Just A Minute Q&A series, we speak to Rachel Ross, CEO designate of enterprise and business support organisation Elevator. It’s been an interesting journey from Army Officer in my 20s, purchasing a business in my 30s and then branching out into consultancy in my 40s.
James Milne Chartered Accountants has strengthened its Inverurie office with the appointment of Mark Hay as an accounts manager. A qualified Chartered Accountant (CA) since 2006, Mr Hay brings extensive experience from his time at firms in Edinburgh, Dundee, and Aberdeen.
Mint Ventures, the Scotland-based women-led angel investment group, is urging women across the nation to become angel investors – akin to Dragon's Den early stage investing – to re-balance the gender investment gap and provide greater funding for women and diverse founders This call to a
A £6 million mansion, raffled off as a grand prize by Omaze, has come under scrutiny for breaching planning regulations, according to North Norfolk District Council. The Larkfields property in Blakeney, situated in a designated Area of Outstanding Natural Beauty, was reportedly not built in ac
Equity investment levels in Scotland’s smaller businesses grew in 2024, bouncing back from a challenging 2023, according to new research from the British Business Bank. The Bank’s Small Business Finance Markets 2024/25 report found that during the first three quarters of 2024 the investm
Partners Wealth Management LLP (PWM) has acquired Johnston Carmichael Wealth, significantly expanding its presence in the UK wealth management sector. The acquisition sees PWM's client assets rise to approximately £6 billion, servicing around 5,500 private clients.
Glasgow-based packaging provider, Macfarlane Group, has announced a 3% rise in pre-tax profits for 2024, reaching £20.9 million, despite a 4% decrease in revenue to £270.4m. The company's resilience comes amidst "challenging" market conditions, with its core packaging distribution busine
Businesses behind Scotland’s most emblematic exports have secured £42 million in UK Export Finance (UKEF) deals since the summer, facilitating international expansion. Enabling companies such as Ferguson Whisky and manufacturer of fire and rescue vehicles Emergency One, which the governm
Scottish businesses are grappling with a surge in overdue invoices, reaching a three-year high in January, according to new research from R3. The insolvency and restructuring trade body's analysis of data provided by Creditsafe shows that businesses in Scotland had a total of 611,754 overdue invoice
