News

Glasgow-headquartered Weir Group has signed a binding agreement to acquire Australian mining software firm Micromine for £657 million. Perth-based Micromine provides software solutions across the upstream mining value chain, encompassing mine design, planning, operational scheduling, and minin

Glasgow's Tollcross Park A-listed Mansion House, a Victorian landmark built in 1849, has been fully let following a comprehensive refurbishment.

Paragon Bank’s SME Lending division has provided building, civil engineering, construction and aviation firm TSL Contractors with a £2 million funding facility for an Airbus helicopter to support its expanded workload.

Scottish law firm MFMac is championing Scottish Whisky as a key sponsor of the Fife Whisky Festival 2025. MFMac has sponsored the festival since its inception in 2018 and the continuation of the partnership reinforces its commitment to Scotland's world-renowned whisky industry.

Scottish business confidence has experienced a significant uplift, rising 11 points to 53% in February, according to the Bank of Scotland's latest Business Barometer. While companies in Scotland reported lower confidence in their own business prospects month-on-month, down three points at 50%, their

Abrdn plc has announced the appointment of Siobhan Boylan as its new chief financial officer (CFO) and executive director, pending regulatory approval Ms Boylan, currently CFO of Coutts & Co and a non-executive director at Jupiter Fund Management plc, is expected to join the company during the s

Citigroup has revealed an $81 trillion (c. £64 trillion) internal transfer error, raising questions about its ongoing efforts to address operational deficiencies. The incident, which occurred in April 2024, involved a payment intended to be $280, but was mistakenly entered with numerous extra

Aberdeenshire ice cream producer Mackie's of Scotland has reported a significant profit increase, driven by expanded supermarket distribution and successful marketing. Pre-tax profits rose by 67% to £2.24 million in the year to May, with turnover increasing by 7.2% to £22.3m. This turnar

Former Bank of England Governor, Lord Mervyn King, has stated that an increase in income tax is likely necessary to fund heightened defence spending and facilitate public service reform. Speaking on Sky News, Lord King criticised the UK government's lack of ambition. He said: "When you’re faci

Scotland has secured over £850 million in investment over the past four months, driven by strong interest in its burgeoning energy transition sector. The total is boosted today by the Scottish National Investment Bank’s (SNIB) announcement of £6.7m for Subsea Micropiles, which is d

Businesses behind Scotland’s most emblematic exports have secured £42 million in UK Export Finance (UKEF) deals since the summer, facilitating international expansion. Enabling companies such as Ferguson Whisky and manufacturer of fire and rescue vehicles Emergency One, which the governm

Scotland’s focused global trading strategy is producing tangible results, Business Minister Richard Lochhead has told an audience of Scottish exporters. The Scottish Government’s sector-specific export plans target action on areas of strength, such as renewable energy, technology, life s

Bee Happy Breaks Scotland Ltd – a Perthshire self-catering accommodation business – has secured a £48,000 funding boost from the British Business Bank’s Investment Fund for Scotland to increase its capacity and cater for more overnight guests. Run by Joyce and Alan Jamieson,

Scottish businesses are grappling with a surge in overdue invoices, reaching a three-year high in January, according to new research from R3. The insolvency and restructuring trade body's analysis of data provided by Creditsafe shows that businesses in Scotland had a total of 611,754 overdue invoice

Wood Group has appointed Iain Torrens as interim chief financial officer (CFO). Mr Torrens will also join the company’s board as an executive director, effective immediately. His appointment is interim while the company conducts a comprehensive search process for a permanent CFO, followin