News

India's transport minister has promised to legislate to make ambulance sirens sound more pleasant and make car horns use only Indian instruments. Nitin Gadkari, the minister for road transport and highways, said he could replace ambulance sirens with a song he heard on the radio, The Hindu reports.

Revenue at the Old Course Hotel in St Andrews dropped by more than £14 million in 2020. The country-wide coronavirus lockdowns forced the five-star hotel to close for most of the year causing revenue to fall by 63.4%.

Scotgold Resources, the gold exploration and production company focused on Scotland, has hailed the second month of profitable production as the amount of gold increased 24% to 62 tonnes in September. In its latest production and corporate update, the firm revealed that this was the second consecuti

R&D tax credit specialist Amplifi Solutions has scaled up its Edinburgh operation, with a senior hire and a move to new offices in Scotland’s capital. Jan-Michael Kochalski joins Amplifi as regional manager from Leyton UK, while the company has moved to the Kingsford Business Club on Dubli

Asset & wealth management firm AssetCo has announced the completion of the acquisition of a 30% equity interest in Parmenion, a discretionary investment manager and advisory platform for the wealth and financial planning sector. AssetCo announced that it had reached an agreement to purchase the

Melrose-based developer Rural Renaissance Limited (RRL) has broken ground on a new 14-flat retirement complex in the town centre, with support from Bank of Scotland.

House hunters in East Lothian are prioritising green areas and more space over traditional city centre dwellings as people continue to work from home, according to the latest market review by property experts, Rettie & Co.

DLA Piper has announced the appointment of Allan Leal as a partner based in Edinburgh. Mr Leal has joined the firm’s Finance practice from Scottish firm Burness Paull, where he has been a partner since 2018.

The Housing Finance Corporation (THFC) has helped Scottish housing association Dunedin Canmore, part of Wheatley Group, reduce the interest rate it pays on a loan from the European Investment Bank (EIB) to just 1.25%. The 20-year loan was signed in 2010 at 3.00%, as part of a £345m funding dea

Standard Life, part of Phoenix Group, the UK’s largest long-term savings and retirement business, has today announced a new programme of investment. The purchase of the Standard Life brand in May 2021 from abrdn is strategically important to Phoenix Group as it pursues a growth strategy that w

Alpha Projects, a north-east contracting business specialising in construction, fit-out and refurbishment projects, has grown from a £5,000 start-up to securing £7.6 million turnover in just three years. After four years incorporated, and three and a half years trading, co-founders Kevin

Law firm Gilson Gray has taken over fellow Dundee legal firm Baillie Shepherd as it pursues further growth in the city. The deal, which was mutually agreed, will see all Baillie Shepherd employees join the Gilson Gray team in Dundee, including directors Alan Baillie and Peter Shepherd along with wel

The Farm Energy Company has reached financial close and broken ground on its 28MW solar and wind power development at GSK’s Irvine facility, one of Scotland’s largest individual consumers of electricity.

A cross-border collaboration project to develop an energy and cost-efficient power management system for the aquaculture sector has secured up to £129,428 investment from Highlands and Islands Enterprise (HIE). The project aims to research and develop a clean energy storage system, recharged f

Tourism businesses, communities and social enterprises are set to benefit from £1.47m of net-zero transition funding being distributed by Highlands and Islands Enterprise (HIE).