News

Wood Group is aiming to settle long-running investigations into bribery allegations by paying out about $197 million. The engineering company confirmed yesterday that it will pay almost $9 million to Scotland’s Civil Recovery Unit.

A release of lockdown savings built up by households over the past 12 months is set to lead to an increase of more than £50bn in consumer spending this year, according to new analysis by Scottish Friendly and the Centre for Economics and Business Research (Cebr).

Legal firm Anderson Strathern has strengthened its private client team with the hire of Alison Pryde from Gillespie Macandrew as a tax director. Alison Pryde brings nearly 30 years’ experience providing tax advisory services, with a particular focus on rural landowners, family businesses, prof

Amphista Therapeutics, a University of Dundee spin-out company, has announced a £38 million investment round that will further its work to develop new drugs for a range of diseases. Amphista is a biopharmaceutical company creating first-in-class therapeutics that harness the body’s natur

Michael Reid, managing partner at Meston Reid & Co, gives his take on how changes to insolvency law could come into play for one key industry sector – the fishing industry. Whether it is the continuing impact of COVID-19 or the more recently reported effects of Brexit, media comments proli

Hydrogen technology company Arcola Energy Ltd will bring up to 135 jobs to the former Michelin site in Dundee over a three-year period, after securing a £1.5 million grant from Scottish Enterprise.

Ben Ritchie, head of European equities at Aberdeen Standard Investments, discusses the growing investment opportunities available in Europe and provides an outlook for 2021. For many years the narrative on Europe as an investment region has been a tale of caution. The perception of the continent bei

Mangata Networks LLC, an American company specialising in satellite-enabled telecommunication services, has signalled its substantial ambitions for Scotland following financial support from Scottish Enterprise.

Anime Limited, a Glasgow-based anime distribution company, has received a six-figure Coronavirus Business Interruption Loan (CBIL) from HSBC UK to support the business throughout the Covid-19 pandemic and take advantage of the recent growth in customer demand for anime internationally. The company,

Aviva Investors, the global asset management business of Aviva plc, has completed a forward funding agreement of £22.4 million for the first office facilities at Kildean Business Park in Stirling.

Savills' Planning team in Scotland has obtained planning permission in principle from Highland Councillors for Gloag Investments' high-quality woodland holiday accommodation at Beaufort Castle Estate near Kiltarlity near Oban.

A £100 million investment in the future economic prosperity of Orkney, Shetland and the Outer Hebrides was agreed today, as representatives of the UK and Scottish governments joined the leaders of Comhairle nan Eilean Siar, Orkney Islands Council, and Shetland Island Council to sign the H

Royal Bank of Scotland and its catering provider, BaxterStorey, have distributed more than 6,000 food parcels to Edinburgh’s most vulnerable families since January, thanks to a surge of generous donations.

Glasgow-based cashback app Swipii has announced ambitious plans to quadruple its business network as it seeks to help local retailers rebuild their businesses post lockdown and fuel the shop local revival. Swipii helps local businesses attract, reward and retain customers with its big brand tech and

Scottish retail sales saw a slight recovery in February although still at a decline of 24.3% on a Total basis, which was up from the recent low seen in January, according to the latest Scottish Retail Consortium & KPMG Scottish Retail Sales Monitor.