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The Bank of England's Monetary Policy Committee (MPC) has today raised interest rates by a quarter of a percentage point to 4.5%, marking the 12th consecutive increase in borrowing costs.

Concerns have been raised by Audit Scotland over the final costs and completion dates of two delayed lifeline ferries, Glen Sannox (801) and vessel 802 as well as over the payment of performance bonuses to senior managers at Ferguson Marine Port Glasgow. In total, the two vessels are currently estim

Aberdeen Minerals has announced that it has raised approximately £1.1 million through the issue of shares to new and existing UK and international investors.

Hilltop Leaf, the company behind Scotland’s first medicinal cannabis cultivation and production facility, has raised £2 million from Traditum Private Equity and private investors.

Digital health company PneumoWave has announced the closing of a £7.5 million Series A financing. The funding for the Eurocentral-headquartered company will be used to continue clinical trials of its biosensor technology that monitors potential fatal respiratory changes.

Snappy Shopper, the Dundee-based home delivery marketplace serving convenience stores, has raised a seven-figure sum from existing investors Highland Technology, Kelvin Capital and Scottish Enterprise, to fuel growth ambitions.

Scottish fintech Guiide has raised new investment of around £200,000 and has made three new hires - two directors and a highly experienced adviser. The two new directors are Clare Hawkins, a former NHS Trust chief executive, who will lead on governance and Stewart Lawrie, an experienced f

A gathering of crypto enthusiasts and Bitcoin Angels at Stirling Castle has raised £13,500 for the cancer charity Maggie’s. In addition to the £5000 donated directly from artist and organiser Trevor Jones he is also willing to match contributions up to 5 Ethereum, as more continues

The Bank of England’s Monetary Policy Committee (MPC) has announced an interest rate hike of 0.5% today in the face of rising inflation. At its meeting ending on 3 August 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.5 percentage points, to 1.75%. One member preferre

Glenfiddich Distillery has raised more than £150,000 for the people of Ukraine after auctioning a release of 460 rare bottles. The distillery partnered with Perth-based Whisky Auctioneer to offer the full 460-bottle allocation of “The Cooper’s Cask” Spirit of Speyside Edition

Caledonian Marts Ltd, the Stirling-based livestock and specialist auction company, have raised £70,064 at a successful charity auction in support of the people of Ukraine. The auction, held simultaneously online and live at the Caledonian Mart, included a host of exciting unique and exciting l

Edinburgh-based asset manager Circularity Capital has announced the oversubscribed final close of its second fund at €215 million. The Circularity European Growth Fund II is three times larger than Circularity Capital’s debut fund of £60 million, which closed in 2018, and makes it t

The Artisanal Spirits Company (ASC), the owner of The Scotch Malt Whisky Society, has seen its revenues increase by 20% to £7.9 million in the six months ended 30 June 221.

Level E Research, the Edinburgh based leader in artificial intelligence (AI) investment solutions, has just closed a seed funding round raising £1.2 million from a group of private investors including leading figures in the investment management industry. The business, founded by Dr Sonia Schu

Scotgold Resources, the gold exploration and production company focused on Scotland, has raised £1.5 million as it continues to face production delays at its Cononish gold and silver mine near Tyndrum. The money will be used for working capital through the current production ramp-up period at