News



KPMG: Investment in fast-growth Scottish businesses slows down in 2021

Venture Capital (VC) investment in Scotland’s scale-up – or fast-growth - businesses slowed down in the first quarter of 2021, according to the latest figures from KPMG.

Published 27 April 2021

McKernan Homes secures £1.93m funding package from Bank of Scotland to build sustainable development

Cumbernauld-based housing developer McKernan Homes has secured a £1.93 million funding package from Bank of Scotland to help build a new eco-friendly development in Dennistoun, East Glasgow.

Published 27 April 2021

Paisley’s Renfrew Road retail park units sold to US investor for over £12 million

London & Scottish Property Investment Management has completed on the sale of two properties at Renfrew Road Retail Park in Paisley for a price in excess of £12 million to an unnamed US investor.

Published 27 April 2021

Stuart Gillies: Declining use of cash leads to greater confidence in fintechs

Stuart Gillies, an associate with law firm Dentons, highlights how the declining use of cash as a result of the coronavirus pandemic has resulted in an increase in confidence in financial technology.

Published 27 April 2021

Edinburgh firm secures $4.2 million deal with US Army

Edinburgh-based technology company pureLifi has secured a $4.2 million deal to supply the US Army with Kitefin, an optical wireless communication system using LiFi for secure data transmission without radio frequencies.

Published 27 April 2021

Strategy specialists Genoa Black launches new management consultancy division

Scottish business strategists Genoa Black has launched a new management consultancy arm after turnover and profits at the firm increased by 24% and 26% respectively.

Published 27 April 2021

Dunedin targets ESG investments

The Dunedin Income Growth Investment Trust, a fund managed by Aberdeen Standard Investments (ASI), has posted a net asset value (NAV) decline of 0.3% on a total return basis for the year ended 31 January 2021.

Published 27 April 2021

North-east sees nearly £1 billion of house sales between September and February

Nearly £1 billion worth of house sales were completed in the north-east between September and February, according to figures released by Aberdein Considine.

Published 27 April 2021

Greenshoots: Glasgow-based Opinew hits high growth phase and doubles headcount

Glasgow-based Opinew, a startup that is developing a review management system used by online retailers on the Shopify ecommerce platform, is experiencing a high growth phase and has doubled its headcount over the last year as the impact of the COVID-19 pandemic has seen shoppers flock online.

Published 27 April 2021

UK SMEs plan to spend an average of £97,000 on business growth in wake of COVID-19

UK SMEs plan to spend an average of £97,000 to grow their business in 2021 and help kickstart their recovery from the COVID-19 pandemic, according to new research from Aldermore Bank.

Published 27 April 2021

Compensation warning as 100 Scottish construction workers die during pandemic

Employers in the Scottish construction sector could face legal action for damages running into hundreds of thousands of pounds after new figures found the industry has accounted for 100 COVID-19 deaths since the beginning of the pandemic.

Published 27 April 2021

And finally… switched on

A judge accused of selling judicial favours to the mafia had tens of thousands of euros stashed in his electrical sockets, Italian police have said.

Published 27 April 2021

AAB commits to hybrid working for all staff

Anderson Anderson & Brown (AAB), the tech-enabled business critical services group, has implemented hybrid working policies for all staff across its Aberdeen, Edinburgh and London offices.

Published 26 April 2021

Standard Life Aberdeen plc rebrands as Abrdn plc

Standard Life Aberdeen plc has announced its intention to change its name to Abrdn plc.

Published 26 April 2021

Perthshire produce farm Stewarts of Tayside secures six-figure HSBC UK funding

Scottish family-run fresh produce, farming and haulage business Stewarts of Tayside has invested in new machinery to significantly boost the scale and quality of its production, following six-figure backing from HSBC UK.

Published 26 April 2021