News

Business activity across Scotland's private sector increased for the first time since August in November, according to the latest Royal Bank of Scotland PMI. The index has highlighted that key to the renewed growth was a marginal uptick in order book volumes, the first for five months, alongside the

The number of million-pound-plus properties sold in Edinburgh, which grew by 41% to reach 18 in the first half of 2019, accounted for 66% of all million-pound houses sold in Scotland during that period, according to Bank of Scotland.

Edinburgh-based Cyan Forensics has secured £1.3 million in funding from Triple Point Investment Management, Mercia, SIS Ventures, the Scottish Investment Bank and private investors. Cyan Forensics' digital analysis tool can find terrorist handbooks or child sexual abuse material on devices wit

Addleshaw Goddard has appointed real estate investment lawyer Neil Hogg as partner to its real estate team in Glasgow. Neil Hogg brings almost 30 years of experience, as well as a strong portfolio of clients and connections in the hotel, logistics and office sub-sectors.

More than three quarters (78%) of small businesses surveyed in Scotland have seen the cost of their energy supply rise by at least £100 per year – with one in ten (12%) forking out an additional £500 or more, according to an independent survey commissioned by Utilita Energy. The re

Professor Alan Alexander has been appointed as the new chair of Audit Scotland. The public body said Professor Alexander, a non-executive member of Audit Scotland since 2018, will provide continuity to the organisation through the period of change in its membership.

Motherwell-based IT support business VectorCloud has received a five-figure funding deal from UKSE (UK Steel Enterprise), a subsidiary of Tata Steel. The company has since launched a recruitment drive as it looks to increase its headcount by around 20%. 

A leading town centre expert, Phil Prentice, chief officer of Scotland’s Towns Partnership, has said that support for small businesses is crucial if Scotland’s towns centres are to thrive in the future amidst the continued growth of online retail. Speaking ahead of a visit to L

Maurizio Cattelan's artwork of an overripe banana duct-taped to a wall has been eaten by a performance artist. 

Over 3,900 bottles of primarily single malt Scotch, with an estimated hammer price of £7m - £8m will be sold by online whisky auction specialists Whisky Auctioneer next year.

Standard Life Aberdeen owned Phoenix Group has struck a £3.2 billion deal to buy rival ReAssurance, providing key opportunities for the company. The deal adds £84 billion of assets under administration and over 4 million policies to Phoenix which employs approaching 3,000 staff in S

Oban-based Nc'nean Distillery has launched a £1 million crowdfunding campaign to fund the launch of its first whisky. The distillery plans to use the funds to buy bottling equipment, develop new products and grow their existing products.

A new restaurant called Ka Pao is set to open its doors in Glasgow in January 2020 after securing six-figure funding from HSBC UK. The team behind the popular Kelvingrove restaurant, Ox and Finch, has today announced that its new restaurant, Ka Pao, will create 35 new full-time jobs as it bring

Administrators Blair Nimmo and Alistair McAlinden from KPMG have confirmed Watt Brothers’ flagship store will close next week. As the store enters its final week of trading ahead of its closure on Sunday 15th December 2019, discounts of up to 70% have been applied on all remaining stock.

Grangemouth-based IT support provider Exmos is the latest business in Scotland to become employee-owned, with nine staff-members given a stake in the business. Exmos provides a range of IT support services to over 100 businesses in the UK and internationally.