News

The contactless payment limit in shops is to rise to £100. The Treasury has said that the change from the current £45 limit would make transactions easier than ever and would provide a big boost to the UK's struggling retail sector.

The impact of COVID-19, Brexit and the climate emergency is accelerating deep and dramatic changes to the make-up of Scotland’s critical financial sector, according to a comprehensive report. Edinburgh-based Core-Asset Consulting’s Industry Trends and Salary Guide is a forensic revi

A man who shares a surname with a derogatory term is suing a major academic institution over its definition. Italian man Francesco Terrone, 59, is seeking to have the prestigious Accademia della Crusca amend its definition of terrone.

Aston Lark, the chartered insurance broker backed by Goldman Sachs has acquired Edinburgh-based Bruce Stevenson Insurance Brokers. Under the acquisition, The Bruce Stevenson name and brand will remain and will continue to operate as a separate legal entity. All staff will also remain with the busine

Team Magnus, a Scottish junior sports and adventure goods firm with operations globally, has secured a £175,000 Coronavirus Business Interruption Loan (CBILS) from HSBC UK to meet the exceptional demand for its products, and to safeguard several jobs. The firm, which is based in Auchterarder a

Glasgow-based Maven Capital Partners has led a £1.54 million funding round for Adimo, a marketing technology platform based in the same city that enables FMCG brands to turn their digital marketing campaigns into shoppable experiences. Using real-time information on price, promotions

Continulus, the Glasgow-headquartered online video-learning platform for health professionals, has secured half a million pounds of equity investment from a consortium of UK investors. The funds will be deployed to strengthen the Continulus management team, as well as enhancing the company’s t

Paul Atkinson, the founding partner of investment firm Par Equity, has been appointed as the new chair of the Scottish Business Resilience Centre (SBRC). Mr Atkinson joins the board as the centre seeks to further highlight and support Scottish businesses through tumultuous times.

Neil Francis, interim managing director of Scottish Enterprise, explains how Scotland’s commitment to inclusivity and net-zero can be shared via our trading relationships. As March begins and with spring on the horizon, it has been a very busy start to the year for international trade and

Edinburgh’s growing status as a hub of innovation and the quality of life it has to offer places the city among the world’s most aspirational future urban hotspots, according to Knight Frank’s latest Wealth Report.

Scottish-based employment law, HR, and health & safety specialist Law At Work has announced a trio of acquisitions worth £5.15 million which includes Dundee-based HR software provider Youmanage. The firm has also acquired employment law firm and employee relations (ER) technology busi

Scottish SMEs are calling on the Chancellor to announce an extension to the furlough scheme when he delivers his Budget today, according to the latest data from Bank of Scotland’s Business Barometer research. When asked which initiative would be most beneficial to helping their firm trade this

Complaints to the Financial Ombudsman Service about guarantor-backed high-cost loans have increased by more than 3,000% in a year and now average almost 800 a week. According to the latest data released by the financial ombudsman, the increase in complaints means lender Amigo, which is the largest p

The UK Budget must provide adequate funding for Scotland and respect the devolution settlement, finance secretary Kate Forbes has said. The Scottish Government has committed to continuing business support during the next phase of the coronavirus (COVID-19) pandemic – including extending non-do

UK Finance has published detailed proposals for a new service company which will support the UK’s world-leading open banking infrastructure. Open Banking (OB) provides a secure way for financial information to be shared across different finance providers. It enables services such as account ag