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Scotland’s £7.3 billion dealmaking sector could be forfeiting approximately £10 million in recoverable VAT every year for costs such as professional fees that are not being reclaimed, according to new research into the UK’s M&A sector by Azets. The accountancy firm estima

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Public ownership in NatWest Group, owner of the Royal Bank of Scotland, has dipped below 27% for the first time since its bailout in 2008. The Treasury disclosed the sale of 0.98% of its shares, reducing its holding to 26.95%, as part of an ongoing trading plan.

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Accountant and business adviser CT has promoted social housing sector specialist Stuart Beattie, who moves into the role of director. Mr Beattie, who is also the firm’s head of RSLs, joined CT in 2005 as a trainee and has since developed his expertise within the Scottish social housing sector,

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The UK economy has signalled a recovery after two years of stagnation as 0.6% growth was recorded for Q1. Growth in March surged by 0.4%, following a 0.2% rise in February, resulting in a quarterly growth of 0.6%. The expansion was predominantly driven by the services sector, with manufacturing also

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