Business

The abrdn New Dawn Investment Trust Plc has seen its net asset value (NAV) total return drop by 11.0%. The NAV drop is in line with the company’s benchmark MSCI All Countries Asia Pacific ex Japan Index (Sterling adjusted) total return of 9.2%.

Fintech Scotland has announced the core theme of this year's Scotland Fintech Festival will be celebrating collaborative innovation that is driving economic recovery. This will be the fifth FinTech Festival hosted by FinTech Scotland and will take place over four weeks in September and October. It i

International malting company Boortmalt has today opened the world’s largest kiln as it completes the expansion of its Buckie malting plant on the Morayshire coast. The business, which is one of the oldest malting businesses in the UK, has built the kiln and expanded its supporting buildings b

Advertising tech firm Blis has announced plans to expand in Scotland after being awarded a £1.4 million grant from Scottish Enterprise. The company will establish an R&D Centre in Scotland, enhancing the skills base of the country’s already vibrant digital sector. The move will deliv

TechHUB, a part of the Northern Innovation Hub (NIH), has secured £3.2 million from HIE to create a food and drink techonolgy centre. The funding includes £1.2m from the UK government as part of Inverness and Highland City-Region Deal.

Mark Logan has been appointed chief entrepreneur for Scotland as part of the national strategy for economic transformation. The new role's focus is to embed entrepreneurship in the economy, and that partnerships with industry and investors are prioritised and strengthened.

Edrington Group, the owner of The Macallan and Famous Grouse whisky brands, has seen its profits rise by 58% in the 12 months to March 2022. The firm's profits before tax came in at £271 million, while it benefitted from a 45% increase in core revenue to £821.2m and a 53% rise in core co

UK Export Finance, the UK’s export credit agency, has provided £6 billion in financing for UK SME exporters over the past 12 months as they continue to promote Britain as the champion of free trade.

The Scottish billionaire brothers, Sandy and James Easdale, have unveiled plans for their latest £2 million drive-through coffee location in Port Glasgow and are planning a raft of locations to follow across the UK. The new project will replace a former Department of Works and Pensions buildin

An Edinburgh Napier student has become the inaugural winner of the University’s Appin Entrepreneurship Award. Student Kael Begbie – known as The Hoagie Man – scooped the top prize of £2,000 after coming out top in the competition held at Edinburgh Napier’s Bright Red Tr

Asset and wealth management firm AssetCo, run by Martin Gilbert, has axed a controversial bonus scheme for its executives after strong criticism from shareholders. In September last year, the firm's remuneration committee began a review of the Long Term Incentive Plan (LTIP), in an announcement toda

Swurf, a new Edinburgh-headquartered start-up that connects remote workers with spaces and hosts, has secured funding and support from two investors as the ambitious business expands south and targets global growth. Gareth Williams, co-founder of Skyscanner, and Anna Lagerqvist Christopherson, co-fo

abrdn has extended its existing £16.5 billion MyFolio franchise, launching the MyFolio Sustainable Index range. The range of five risk targeted multi-asset fund of funds has been designed to be closely aligned with the MyFolio Index range with sustainability considerations included.

Hundreds of consumers across Glasgow and Renfrewshire have have signed up to a trial offering households free broadband for three months launched by Glasgow-founded Brillband, the company behind the app-based broadband technology. A waiting list to join the no obligation trial is now open and alread

Scottish renewables company Renewco Power has announced its expansion into the US with the acquisition of several key projects. Renewco has agreed on a deal to acquire a 1.5GW pipeline of early stage utility-scale solar projects alongside 500MW of battery storage projects from Beaufort Rosemary, a V