News

Ivan McKee, minister for trade, investment and innovation, has said that the lack of information, and the absence of ministerial engagement on the scheme intended to replace EU Structural and Investment Funds is "unacceptable". Mr McKee has said he is seeking an urgent meeting with the UK

Spanish prosecutors are investigating the former King of Spain Juan Carlos I over accusations that he failed to declare to the Tax Agency money allegedly donated by the Mexican businessman Allen Sanginés-Krause between 2016 and 2018.

Louise Brittain, restructuring and insolvency partner at accountancy firm Azets, discusses how new personal insolvency legislation is open to fraud. The Debt Respite Scheme gives people who receive professional debt advice access to a 60-day period in which interest, fees and charges are froze

Zumo, the Edinburgh-based cryptocurrency wallet and exchange platform, has announced four female appointments in key roles and a total of seven new team members, taking the team to 24 with recruiting still open for another five new roles. Amelie Arras joins Zumo’s marketing department during a

Aberdeen-based Carden Place Dental Practice Ltd has purchased its west end property thanks to a £600,000 funding package from Bank of Scotland. In March, the practice was forced to close its doors due to the COVID-19 pandemic. It was only able to treat patients over the phone and refer them to

Stirling-based tech firm Integrated Graphene Ltd has completed a £3.1 million funding round led by Edinburgh-based business angel syndicate, Archangels, with co-investment from Par Equity, Techstart Ventures and ESM Investments. The investment means the firm can kickstart production of its uni

Peter Graham, director, forensic accounting at MHA Henderson Loggie, discusses the lessons which can be learned from Johnny Depp's libel action. Last week the newspapers reported the judgement in the case of Johnny Depp’s libel action against News Group Newspapers.

Larbert-based medical device business Clear Surgical has secured £280,000 of new investment from existing shareholders, in an oversubscribed funding round. Led by the investment syndicate Kelvin Capital, and with Scottish Health Innovations Ltd (SHIL) and Scottish Investment Bank particip

Scottish Widows is preparing to scrap £440 million of investments in firms that don't meet its stricter environmental, social and governance standards. The pensions firm has begun the process of divesting £440m of its holdings in firms that it believes pose “the most seve

Work has begun on a new £12 million Scotch whisky distillery which is set to become the latest tourist attraction in Edinburgh. Foundations have just been laid for The Port of Leith Distillery which will rise 40 metres above the quayside a stone’s throw from the Royal Yacht Britannia.

Hayley Wilkes of Angus-based WeeCOOK has been named the overall winner as well as Resilient Woman of the Year at the 2020 Business Women Scotland Awards. The family-run restaurant, café, takeaway and pie shop at Barry Downs, near Carnoustie, was forced to close its doors in March when the cou

The Scottish private sector saw a renewed downturn in October as fresh restrictions to tackle the COVID-19 outbreak came into force, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline RBS Business Activity Index - a measure of combined manufacturing and service

Multinational law firm Pinsent Masons has advised Edinburgh-based Red Rock Power Limited on the sale of 50% of the Inch Cape Offshore Wind Farm development and subsequent joint venture with ESB. Once complete, the wind farm will generate approximately one gigawatt of electricity, powering up to one

The Royal Bank of Scotland has announced the launch of a new competition to celebrate Global Entrepreneurship Week (16-20 November) where they’ll show new businesses, start-ups and entrepreneurs how to write a 60-second pitch, with the chance to take home £10,000. The bank will run free

Glasgow-based video technology platform specialist Ordo has experienced high client demand for its product range since the beginning of the COVID-19 pandemic, with the company on track to more than double revenue to around £3 million in the current financial year. Odro, which provides a comple