Business News Round Up (07/10/19)
Scotland leads UK in foreign direct investment across geographical spread
Research has revealed a ‘stark and deepening disparity’ of foreign direct investment (FDI) as Scotland attracts the highest number of foreign direct investment projects, with its geographical balance of investment demonstrating and inclusive growth agenda. The EY Attractiveness Survey Trends in FDI showed Glasgow and Edinburgh account for approximately two fifths of all 1,473 FDI projects in Scotland.
Results rise for BDO after major merger
Accountancy firm BDO UK has reported a rise in revenue and profits following its merger with top 10 firm Moore Stephens. The company’s revenue increased by 25% to £578 million, whilst profits rose 26% to £134 million.
https://www.insidermedia.com/news/north-west/results-rise-for-bdo-after-major-merger
RSE Enterprise Fellowship Scheme adds £77m to Scottish economy
An evaluation and economic impacts assessment of the Royal Society of Edinburgh’s Enterprise Fellowship has revealed the programme has provided a significant boost to the Scottish, UK and global economy. The assessment found that the programme has added almost £170 million to annual global GVA, including £77 million in Scotland.
Manchester and Liverpool attracting majority of FDI – report
Manchester and Liverpool are attracting the majority of Foreign Direct Investment (FDI) in the North West region, according to a new report. EY and the Centre for Towns revealed there have been 1,098 initiatives in the North West, representing 7% of all UK activity, however there was little indication of spill over benefits to smaller towns and communities.