News

Edinburgh-based science investment company Frontier IP has announced that one of the companies in its portfolio – The Vaccine Group has started work on a COVID-19 vaccine. The Vaccine Group completed a £680,000 equity fundraiser in January 2020 that valued TVG at £9.

Betway has been ordered to pay an £11.6 million fine by The Gambling Commission for failing to ensure that money deposited by gamblers was not obtained through criminal activity.

Smart Metering Systems plc (SMS) has conditionally sold a minority of the group’s meter assets to funds managed by Equitix Investment Management Limited for a total gross cash consideration of £291 million. The group expects to receive net cash consideration of £282m, aft

Fund managers MDP Capital LLP have moved into Glasgow’s 310 St Vicent Street office building. MDP Capital has acquired the eighth floor of the building, which measures at3,800 sq. ft.

Finance secretary Kate Forbes has said that rapid joint engagement is needed on funding for the COVID-19 response in Scotland following the UK Government's budget. Responding to the UK budget announcement, Ms Forbes said: "While I’m pleased to see the UK Government’s economic response to

Maryculter House, a historic Aberdeenshire hotel, has announced a major refurbishment plan for 2020 with a six-figure investment to support its growth. Maryculter House on South Deeside Road will see all its 40 bedrooms and public areas transformed as part of this significant project which will be c

Assetz Capital has secured funding from British Business Investments (BBI), a commercial subsidiary of the British Business Bank, to help boost UK house building projects. The £15m commitment from British Business Investments will support in excess of £100m of new lending to smaller busi

A businessman who bought a dead man’s membership card for Lord’s Cricket Ground has been fined £10,000.

Business advisory firm Grant Thornton has announced a raft of senior promotions and new hires in its Scottish restructuring and forensic investigations teams, taking the headcount to 20 specialists across its Glasgow, Edinburgh and Aberdeen offices. The team growth is in response to increasing deman

Burges Salmon has appointed Amy McVey as director of the firm's banking team. Building on the successful launch of its Edinburgh office in May 2019, the firm has said that the appointment of Amy McVey demonstrates its further commitment to delivering exceptional service to clients across the UK.

Aberdeen-based technology firm Proserv has appointed Julie Thomson as chief financial officer. Ms Thomson is a chartered accountant with over two decades of experience in the energy sector. Most recently, she held the role of finance director of the Europe and Africa region at oil and gas company We

Yesterday, Chancellor Rishi Sunak delivered his first Budget for 2020/21 in the House of Commons. The budget took into account the economic impact of the recent COVID outbreak and contained measures to mitigate any problems stemming from this.

Livingston-based Optoscribe Ltd, a supplier of 3D glass-based integrated photonic components, has closed its latest investment round led by Archangel.

Galliford Try has been ordered by the Financial Reporting Council (FRC) to restate its 2018 accounts after an investigation found the company should not have recognised an £80 million claim recoverable from Transport Scotland on the Aberdeen Western Peripheral Route (AWPR) contract when it did

David Kent, head of Scotland for innovation funding consultancy Leyton UK, looks at why Scottish firms are missing out on R&D tax relief and what can be done about it. Innovation is a hallmark of many Scottish companies. From oil and gas decommissioning in the North Sea, to biotech companies in