Business

The Scotmid Co-operative Society has reported a £10 million increase in its net assets in 2021, taking its assets to £112.7m. The society reported a £5.7m trading profit for the year ending 29 January 2022, compared to £6.4m for the year before.

Scottish micro-investment firm CAM Ventures is celebrating the first addition to its management team with the appointment of Penny Wither to the position of commercial manager. Established in the summer of 2021, CAM Ventures has developed a varied portfolio of ‘hospitality-adjacent’ inve

Glasgow-based insurance firm Kelvin Smith is getting ready to celebrate 40 years in the highly competitive industry with a record turnover of £15 million. Kelvin Smith, which was founded in November 1982, has established itself as one of Scotland’s leading firms of insurance brokers, wea

abrdn Asia Focus plc, a company managed by abrdn, has confirmed its half-yearly results for the six months ended 31 January 2022, revealing a strong performance over the period. Net asset value (NAV) total return was +0.6%, ahead of the recently adopted MSCI AC Asia ex-Japan Small Cap Index return o

Plans to introduce a new levy dubbed the “Amazon tax” on digital retailers and block the construction of new retail parks have been revealed as part of a programme to boost Scotland’s town centres.

Family-run jeweller Laings has signed a 15-year lease to take over Rowan House, the landmark B-listed building on Glasgow’s Buchanan Street.

Insurance broker Bruce Stevenson is set to launch its fifth office in Scotland, with a new office opening in Perth, while Graeme Christie has joined the firm from Marsh Commercial as commercial Director, and Ian H Smith has been appointed education sector director. The expansion in Scotland follows

Minister for business, tourism, trade and enterprise Ivan McKee yesterday took part in a series of engagements and visits in Inverness, including a roundtable with business leaders, to discuss how businesses can be supported and how best to deliver on the aims of the National Strategy for Economic T

Calnex Solutions plc, the Linlithgow-headquartered provider of test and measurement solutions for the global telecommunications sector, has acquired iTrinegy Limited, a developer of Software-Defined Test Networks technology, in a £3.5 million deal. The consideration, calculated on a cash-free,

Moray-based Consolidated Craft Breweries and Broughton Ales have announced a merger with the two firms joining forces from this month.

Office take-up in Aberdeen has almost reached the total figure for 2021 in only the first three months of this year, according to new analysis from Knight Frank.

Calnex Solutions plc, the Linlithgow-headquartered provider of test and measurement solutions for the global telecommunications sector, has acquired iTrinegy Limited, a developer of Software-Defined Test Networks technology, in a £3.5 million deal. The consideration, calculated on a cash-free,

A new fund worth £5 million has been launched by Scottish Enterprise to help develop the emerging CO2 utilisation technology. The CO2 Utilisation Challenge Fund will help businesses and organisations develop and commercialise the technology, which involves harnessing and converting CO2 –

Peer-to-peer advisory and networking platform The Alternative Board (TAB) has secured a new office space in Aberdeen. TAB Aberdeenshire-East has moved into a new office in Nautilus House at Waterloo Quay Properties (WQP). The new workspace is 397 sq. feet and can hold up to eight people for meetings

Glasgow-based electric 4x4 manufacturer Munro Vehicles has secured £750,000 funding from Elbow Beach Capital, the decarbonisation, sustainability and social impact investor.