News

Edinburgh-based investment manager Par Equity deployed more than £17 million of capital into its portfolio companies in a record-breaking year. Par deployed 48 per cent more capital than in the previous year, which in turn raised a further £26 million from third party investors. Speciali

Scottish business angels are now investing almost as much as they were at the end of 2019, bucking the UK-wide trend, according to new figures from LINC Scotland. Angels invested £9.7 million in the first quarter of 2021, the second highest on record after a peak of £10.9 million in the

Chartered accountant Gerry McCarthy has joined Lanarkshire-based Phoenix Utilities as an associate finance director. Mr McCarthy brings broad experience across the construction and utility sectors, including recent experience as a small business owner in the utilities sector and nine years as financ

Edinburgh-based digital wallet and payments platform Zumo has appointed Liam Birch as the firm's new senior product owner. Mr Birch joins the Zumo team at a time of massive growth in the crypto space. He will be instrumental in leveraging the brand’s continued success as it moves past 50,000 u

Former Standard Life head Keith Skeoch has been appointed as chair of the Edinburgh International Festival board. Mr Skeoch, already a trustee and active member of the Festival's diversity and inclusion board working group, will take up the role from June.

Marlene Shiels, chief executive of Edinburgh-based Capital Credit Union, has said that member-led organisations can play a vital role in helping millions across the country become financially resilient as lockdown ends. Ms Shiels says she fears a tidal wave of personal debt is looming with so much e

Tyl by NatWest has launched a new loyalty app ‘Tyl Rewards’ designed to encourage consumers to continue supporting local businesses, by rewarding regulars as lockdown starts to lift in the UK.

Developers, contractors and public bodies belive the majority of businesses in the Scottish construction sector will continue to positively rebound from the Covid-19 pandemic, according to a comprehensive report published today by legal firm Addleshaw Goddard. Reimagining Scotland’s Constructi

Ian McMonagle, taxation director at business advisory firm Russell & Russell, highlights HMRC’s plan to track down those who have fraudulently claimed money during the pandemic. Chancellor Rishi Sunak’s largesse in support of UK businesses throughout the Covid-19 pandemic has led to

The Royal Bank of Scotland's new £20 note has been recognised by the International Bank Note Society (IBNS) as one of the world’s best bank notes of 2020.

An Italian has broken the country's record for absenteeism after allegedly skipping work for 15 years.

Anderson Anderson & Brown (AAB), the tech-enabled business critical services group, is enhancing its leadership team with four key senior promotions across its London, Edinburgh and Aberdeen offices. David Purse has been promoted to partner and Amanda Ollason, Stuart Rose and Graeme Penman to di

The number of new tech companies being set up in Scotland rose by 12% in 2020 according to new analysis by audit, tax and consulting firm RSM. In total, there has been 545 tech businesses incorporated in 2020 according to data held by Companies House, a 12% increase compared with 485 in 2019. Scotla

While the UK Government’s insolvency prevention measures appear to be delaying companies from entering insolvency, the latest Red Flag Alert data published today by Begbies Traynor has found that in Scotland there has been a 45% year on year rise in the early signs of financial distr

Ayrshire-based financial advice firm Affinity has been acquired by Leeds-based firm Progeny for an undisclosed sum. Progeny, which already has an operation in Edinburgh, said the acquisition of the Affinity financial planning practice would extend its multi-disciplinary professional services offerin