News



DataVita sees revenues double despite challenges of the covid-19 pandemic

DataVita, Scotland’s largest data centre and multi-cloud services provider, has reported a more than 100% increase in its contracted revenues for the last financial period, rising from £15 million to £31m.

Published 21 July 2021

OakNorth Bank completes £4.8m loan to House of Gods for new hotels in Glasgow and Manchester

OakNorth Bank has provided a £4.8 million loan to House of Gods Hotels, the boutique accommodation business, to allow the firm to open new hotels in Glasgow and Manchester.

Published 21 July 2021

Scotland's GDP increased by 0.9% in May

Scotland’s onshore GDP is estimated to have increased by 0.9% in May as restrictions continued to ease, according to the latest figures published by Scotland's Chief Statistician.

Published 21 July 2021

Scottish retail sales edge closer to pre-pandemic levels in June

Scottish retail sales in June moved closer to pre-pandemic levels, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Published 21 July 2021

FCA consults on post-Brexit divergence for PRIIPS regulation

The Financial Conduct Authority (FCA) has set out proposals to change disclosure documents provided to retail investors under the Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation.

Published 21 July 2021

And finally… cease and desist

One of Italy's most prestigious art galleries has threatened Pornhub with legal action over an interactive museum guide recasting famous artworks as "priceless porn".

Published 21 July 2021

BP announces £10 billion Aberdeen wind farm plan

BP is promising £10 billion of investment and to make Aberdeen its global hub for offshore wind, if it is successful in securing seabed licences around Scotland.

Published 20 July 2021

Former Scottish Enterprise chief Steve Dunlop joins Crosswind Developments as non-executive director

Steve Dunlop, the former chief executive of Scottish Enterprise has joined Crosswind Developments as a non-executive director.

Published 20 July 2021

Wylie & Bisset advises SMEs to seek financial advice as support mechanisms wind down

With a recent report warning that independent high street businesses face a wave of closures after their debt climbed to almost five times the level it was before the pandemic, chartered accountants Wylie & Bisset is advising SMEs to seek financial advice as a matter of urgency.

Published 20 July 2021

Willow Den secures £75,000 funding from SIS to launch chain of outdoor nurseries

Edinburgh start-up social enterprise Willow Den has secured £725,000 from Social Investment Scotland (SIS) to launch a chain of outdoor nurseries in Scotland.

Published 20 July 2021

Gabriel Investments searches for more investors after switching ownership model

Glasgow-based business angel syndicate Gabriel Investments is searching for more investors after switching from university ownership to being led and owned by its members.

Published 20 July 2021

Savills: Momentum builds for Glasgow offices as take-up almost doubles from Q1 2021

According to Savills latest figures on the Glasgow office market, the city centre recorded 112,087 sq ft of take-up in Q2 2021, a 77% increase from Q1 2021, with Savills advising on 64% (71,966 sq ft) of all deals in the quarter.

Published 20 July 2021

HIE awards £350,000 funding for Skye and Raasay tourism recovery

A three-year strategy to help in the recovery of the tourism industry in Skye and Raasay has secured £350,000 from Highlands and Islands Enterprise (HIE).

Published 20 July 2021

Greenshoots: Geek Retreat opens new store in Dumfries

Geek Retreat, the geek culture retailer, gaming café and events organisation rolled into one, is celebrating the successful launch of its new store in Dumfries, bringing the total number of stores around the country to 28.

Published 20 July 2021

UK ministers seek to stamp out rip-offs with new consumer protections

An arsenal of planned reforms to boost competition and shield the public from rip-offs as the UK builds back fairer from the pandemic have been unveiled by the UK Government's business secretary Kwasi Kwarteng.

Published 20 July 2021