Search: financial focus

The British Business Bank has launched the Community ENABLE Funding (CEF) programme, which is designed to increase the availability of funding to social impact sector lenders, and the smaller businesses they serve in local communities across the UK. The initiative is aimed primarily at community dev

Edinburgh-based fintech Modulr has acquired the accounts payable automation disruptor Nook for an undisclosed sum.  Both companies have urged that they share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. These are significant concerns, a

Caledonia Housing Association has recruited a head of finance and a head of investment and sustainability, both of whom have extensive experience in the housing sector. Angela Murphy has been appointed as head of finance and will start in January 2025. Ms Murphy is currently head of finance at Hillc

EY's UK partners have seen their average pay fall 5% to £723,000 this year, despite a 3% rise in revenue to £3.70 billion for the financial year ending 30 June 2024. The Big Four firm reported a compound annual growth rate (CAGR) of 10% for fee income over the last four years, while also

Scottish clean energy group D2Zero has acquired flow measurement consultancy Kelton, adding further decarbonisation expertise to its 4,000-strong workforce, as it seeks to accelerate net zero emissions. Since 1991 Kelton has been enabling leading energy businesses around the world to better understa

Scottish construction firm Algo has bounced back from losses in 2023 to achieve a pre-tax profit of £1.5 million for the year ending 30 June 2024. The Perth-based company attributed the previous year's losses to rising material costs impacting local government housing contracts.

Mid-market business confidence has faltered ahead of the Autumn Budget on 30 October, as profit growth expectations sink to a three-year low and confidence in their funding position continues a downward trajectory since the beginning of the year, according to Grant Thornton UK LLP. The business

A new analysis from the Scottish Retail Consortium has suggested shops in Scotland could see a £13 million hike in their business rates bills from April. The latest ONS Consumer Price Index reveals that inflation stood at 1.7% last month. September’s inflation rate is what UK Ministers t

Ahead of its centenary year, construction firm Morris & Spottiswood has announced record turnover of £128 million in 2023, a 25% rise from the previous year. Part of the Morris & Spottiswood Group, its founding business, Morris & Spottiswood Ltd, also achieved an operating profit o

Johnston Carmichael has moved into a new, state-of-the-art office in Elgin Business Park, and appointed Scott Dunbar as head of office. The purpose-built and open plan office has now officially opened, welcoming 110 team members and representing a new chapter for the firm which was founded in Moray

Royal Bank of Scotland (RBS) and Bank of Scotland (BoS), in conjunction with government grants, have provided £50 million in funding to support Kingdom Group's ongoing commitment to building high-quality affordable homes across Scotland. The funding will support the social housing provider's d

Burges Salmon has reported a 27% increase in turnover to £163 million, and a 46% increase in net profit to £50.5m from £34.6m. The independent UK law firm, which recently celebrated the fifth anniversary of its Edinburgh office, today published its results for the financial year en

Total UK fintech investment hit $7.3 billion in the first half of 2024, up from $2.5bn in the same period in 2023, according to KPMG’s latest Pulse of Fintech report, a bi-annual report on fintech investment trends published this week.

Scottish candle making supply giant Candle Shack has recorded 14% revenue growth driven by rapid expansion in mainland Europe. The Falkirk-based firm, the UK’s leading candle making and training supplier, which also has a site in The Netherlands, grew revenues from £11.9m to £13.4m

Ash Sheikh, director of sales and marketing at Muir Homes, reflects on the recent cut in interest rates and its effect on the house building market. I am sure I am not the only one who was pleased with the Bank of England’s Monetary Policy Committee’s decision to cut interest rates by 0.