News

Edinburgh-based investment manager Par Equity has led its largest-ever seed round, with a $5.1 million investment into Manchester-headquartered startup SamsonVT, alongside US venture capital firm Blumberg Capital. SamsonVT has developed Industry 4.0 solutions that are transforming product maintenanc

After some signs of economic recovery earlier last year, businesses in Scotland, along with the rest of the UK, saw a dramatic uplift in instances of advanced financial distress in the final quarter of 2021 as the emergence of the new Omicron variant hampered growth for businesses already impacted b

The Scottish National Investment Bank (SNIB) has committed £30 million of funding for the expansion of Aberdeen Harbour, the largest marine infrastructure project in the UK.

Glasgow-based wealth management practice Loch Fyne Financial has appointed Jackie Coyne as its newest certified financial planner. Ms Coyne’s role focuses on delivering high quality services and wealth management to the firms growing database of clients.

The 2022-23 Scottish Budget should be supported by MSPs to help accelerate economic recovery, tackle the climate emergency and reduce entrenched inequalities, according to finance secretary Kate Forbes.

Professional services firm Moray Group has launched its new financial arm, Moray Financial, with the appointment of Michael Wales as managing director. Moray Financial will serve new clients with mortgage and protection needs, as well as being on-hand for Moray Group’s existing legal and prope

Aberdeenshire-based financial advisory firm Phil Anderson Financial Services has reported that 2021 was a record year for them, achieving a turnover of £1.33 million, a 20% increase from 2020 and their best financial performance since launching in 2010. Despite the challenges the economy

In the fourth quarter of 2021, the Scottish vacancy rate decreased to 16.1%, from 16.4% in Q3, according to the latest figures published by the Scottish Retail Consortium (SRC) and the Local Data Company.

An amendment will be brought forward during Stage 2 of the Scottish Government's Budget Bill to allocate an additional £120 million to local authorities. The funding represents the equivalent of a 4% Council Tax rise.

The studio behind children's TV phenomenon Peppa Pig is suing a Vietnamese rival over its cartoon about a childlike wolf.

Paul Dounis and Gareth Harris of RSM Restructuring Advisory LLP were appointed joint administrators to Alpha Homes (Leicester) Limited on 23 December 2021. Alpha Homes (Leicester) Limited was part of the Alpha Homes Group, a student accommodation provider across the UK, and RSM has been appointed to

Scotch whisky giant Diageo has reported net sales of £8 billion, an increase of 15.8%, across all UK regions in the second half of 2021. Organic net sales grew 20.0%, which the firm said was driven by strong double-digit growth across all regions, supported by effective marketin

Real estate advisor CBRE has announced it has secured a new office in Glasgow for Eaton Corporation, a power management solutions firm.

Growth capital investor BGF has reported continued strong momentum over the last 12 months, investing close to £60 million within the Scottish growth economy. BGF is a long-term investor, making initial investments between £1m to £15m for a minority equity stake.

Callum Carmichael and Michelle Elliot, partners with FRP Advisory, have sold the business, assets and goodwill of Edinburgh-based internet retailer Flowercard International Limited to Flowers in Cards Limited, a new venture formed to acquire the business. Flowers in Cards Ltd plans to invest in and