Business

The UK’s small businesses will be run by personal avatars by 2050 thanks to powerful advances in artificial intelligence (AI) in the coming decades, according to a new futurology report commissioned by Virgin Money, owner of Glasgow-based Clydesdale Bank.

Research from Grant Thornton UK's latest Business Outlook Tracker shows that over half (52%) are finding it harder to operate their business today, compared to 12 months ago. To manage cost pressures, 61% of respondents said that their suppliers have agreed to more flexible (longer) payment terms, a

Aberdeen-based biopharmaceutical company Elasmogen has secured an £8 million investment from BGF and the Scottish National Investment Bank, with additional support from existing investor Scottish Enterprise. The multi-million-pound investment will enable Aberdeen-based Elasmogen to continue de

X-Genix, a company in the process of spinning out from the University of St Andrews, is in talks with a number of top global pharmaceutical companies following the development of sustainable technology which could revolutionise the way that medicines are made. The team of Fife-based researchers has

Biotangents, an Edinburgh biotechnology business, has secured £2.2 million of new funding made up of £1.6m from the UK Government’s Innovate UK innovation loans programme and a further £600,000 from a funding round led by Kelvin Capital and Scottish Enterprise. The funding wi

Edinburgh-based IT group Stellar Omada has added 50 tech specialists to its team during the first quarter of 2022, while almost tripling year-on-year quarterly revenue and securing a number of new business wins and assignments. UK private bank Hampden & Co, NatWest, and Atos are among recent con

Kintore-based pipeline technology specialist STATS (UK) Ltd increased revenues to just under £50 million while EBITDA earnings rose to £7.8m from £6.5m, according to the firm's latest annual results. Revenues increased by £7.2m to £49.7m (up 17% from £42.5m) while

Edinburgh is to host a major exhibition of work by Scottish artists and designers whose livelihoods were negatively impacted by the Covid pandemic.

The Scottish Chambers of Commerce (SCC) is set to host an inaugural Global Business Dinner on the 22nd June at the Glasgow Science Centre with keynote speeches from Scottish Nobel Prize winning chemist, Professor David MacMillan and Scotland’s deputy first minister, John Swinney MSP. This busi

A new round of funding to support fishing businesses and wider marine organisations in coastal communities is open for applications. Now in its second year, the Marine Fund Scotland has an overall budget of up to £14 million.

University of Edinburgh startup OGI Bio has secured £1 million of investment to help revolutionise microbial culturing. TRICAPITAL led the investment round alongside Apollo Informal Investment, Old College Capital, the University of Edinburgh’s in-house venture investment fund, Sapphire

Scottish businessman Sir Angus Grossart CBE has died aged 85 after a short illness. Noble Grossart bank confirmed its chief executive died peacefully at home on Friday with his family by his side. In a statement, Noble Grossart Bank said: “It is with profound sadness that we announce that

The UK Government must not introduce legislation which breaks international law, but instead find sustainable solutions to help ease trade between the UK and EU countries, according to economy secretary Kate Forbes. In a letter to the Chancellor of the Exchequer, Ms Forbes outlines concerns that the

Mosaic Architecture + Design has submitted a planning application on behalf of Garroch Investments to demolish Glasgow’s Princes House and develop Magnet, a brand-new £75 million Grade A office development with the highest environmental credentials. Originally constructed in the mid-1960

The Federation of Small Businesses (FSB) is warning that banks “pulling up the drawbridge” to small firms will further stifle economic growth as its new Small Business Index (SBI) study shows successful finance applications plunging over the first quarter of this year. Fewer than one in