News

Daniel Smith and Julian Heathcote of Teneo Financial Advisory Limited have been appointed joint administrators of Hostmore, which is the UK operator of TGI Friday's, after talks fell through to buy its US parent company.

The UK government has unveiled new measures to support small businesses and the self-employed by tackling the scourge of late payments, which is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year.

Specialist lender Bridging Finance Solutions (BFS) has appointed Jon Durie as business development manager to lead its team in Scotland. Working closely with property lawyers Aberdeen Considine, BFS has recorded strong uptake of its bridging loans across Scotland, leading to the introduction of deve

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to keep the base interest rate at 5%, confirming expectations and putting off further anticipated cuts. The MPC's decision comes after the UK's CPI inflation remained at 2.2% in August. It voted by a majority of 8–

Broker Insights, a data and distribution platform for the commercial insurance sector, is on track to hit £6 billion in Gross Written Premium (GWP) on its Vision platform by the end of the year. In its sixth year of business, the Dundee-headquartered company has already recorded £5.5bn o

Scotland's colleges face mounting financial pressure, with a 17% real-terms funding cut since 2021/22 and a further £32.7 million reduction this fiscal year, Audit Scotland has revealed. The public auditing body's report shows cash balances held by colleges are also forecast to fall. Under the

An unruly passenger whose behaviour forced his plane to divert has been ordered to repay the airline for the additional fuel costs. In an unusual move, a court in Perth, Australia ruled that the 33-year-old man should pay $8,630 AUD (c. £4,400) to the airline to cover fuel costs in addition to

Robertson Construction Northern has begun work on a £3.5 million warehouse for Gordon & MacPhail at its Benromach distillery in Forres. The new warehouse follows the construction of two other warehouses in 2019 for the family-owned firm which has been bottling single malt whiskies since 18

Royal Bank of Scotland (RBS) and Bank of Scotland (BoS), in conjunction with government grants, have provided £50 million in funding to support Kingdom Group's ongoing commitment to building high-quality affordable homes across Scotland. The funding will support the social housing provider's d

The Murray Income Trust plc, the £1bn investment company focused on UK equities, reported its annual results to 30 June 2024. Key highlights include:

Housebuilder Cala Group has announced today that an agreement has been signed by the global investment firm Sixth Street Partners and Patron Capital, the pan-European institutional investor focused on property-backed investments, to acquire the company from Legal & General Group Plc.

Scottish biotech firm MiAlgae has secured £14 million in funding to accelerate its operations and scale production. The company has successfully reached commercial-scale of its sustainable marine Omega-3 product, NaturAlgae, at its demonstrator site in Scotland.

UK chief executives see implementing generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG. In its 10th annual CEO Outlook survey, KPMG spoke to more than 1,300 CEOs around the wo

A stash of medieval coins minted around 1320 AD has been discovered during a construction project.

Kevin McColgan has stood down as CEO of Aberdeenshire-based Bancon Group with effect from today. In a statement, Bancon said Mr McColgan – an experienced construction industry leader who was appointed to the role in September 2023 – was standing down "due to personal reasons".