Four out of five Chief Financial Officers (78%) have expressed a desire to increase their investment in AI over the next 12 to 18 months, recognising its value in transforming financial operations, but admit they ‘don’t know where to start’, according to a new global survey. While this signals growing confidence in AI, it’s […]
More CFOs will axe AI investment if it doesn’t show ROI next year Read More »
The latest analysis from finance expert, RIFT has shown that despite the steep decline from the glory days of the 1900s, Scotland’s shipbuilding industry has remained steadily consistent in recent years; however, a push to rebuild the sector could bring a potential boost of £342 million to the Scottish economy. In the early 1900s,
Scottish shipbuilding revival could boost economy by £342m a year Read More »
The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy. The milestone comes as five new debt funding deals, managed by FSE Group,
Investment Fund for Scotland commits £5 million to support growth of smaller businesses Read More »
Wylie & Bisset, Accountants and Business Advisers, is forecasting an explosion in the number of winding up orders and company insolvencies as HMRC tackles a massive backlog of debt by enlisting private debt collectors to pursue billions of pounds in unpaid taxes. Under Chancellor Jeremy Hunt’s proposals, as part of a major crackdown spearheaded by
Wylie & Bisset forecasts an insolvency explosion Read More »
The Industrial Biotechnology Innovation Centre (IBioIC) has supported the growth of Scotland’s industrial biotechnology sector by helping it to attract £35 million of additional funding for research and development, according to new figures revealed to mark its tenth anniversary. IBioIC has supported more than 260 start-ups, small businesses, and established companies to bring bio-based processes
The British Chambers of Commerce (BCC) Quarterly Economic Forecast has slightly upgraded growth expectations for 2024 and 2025, as the recession lasts just two quarters, but strong growth will remain elusive. The UK economy is expected to grow every year until the end of 2026 but will continue to lack momentum. While 2023 ended with
BCC Economic Forecast expects recession to end but growth will be weak Read More »
A pioneering study commissioned by The Flow Country Partnership and North Highland Initiative (NHI), funded by Highlands and Islands Enterprise, measuring the economic impact and business potential of peatland restoration has revealed the economic impact could reach £400 million for the local area over 18 years. By widening access to allow smaller scale farmers and
New research by UK top ten accountancy and advisory firm Azets has revealed that fewer than one in ten UK businesses have succession planning fully integrated into their strategy, despite 30% of companies demonstrating a widespread recognition of its importance. The Azets Barometer January 2024 survey shows that more than half (58%) of businesses have
Research reveals gap in succession planning among UK Businesses Read More »
UK staff should expect a slow in pay rises this year as employers navigate economic uncertainty, according to the Chartered Institute of Personnel and Development (CIPD). Despite improved business confidence, employers are planning to give the lowest pay rise increase since the pandemic, falling from an average pay increase of 5% to a predicted 4%
CIPD warns that pay rises are set to slow in 2024 Read More »
Eight in ten finance chiefs are prioritising preparing their departments to operate under increased regulatory scrutiny, according to a new global study. The research, commissioned by Basware, a global leader in AP automation and invoice processing and conducted by global research and advisory firm Forrester Consulting, revealed that 84% of finance leaders said that adapting
Eight in ten finance chiefs preparing for greater regulatory scrutiny in 2024 Read More »
