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University projects from Edinburgh and Aberdeen have each secured £75,000 in funding from Scottish Enterprise’s high growth spin-out programme (HGSP) to support renewable energy. An innovative project from the University of Edinburgh that is developing heat exchange technology for marine

Sixco Limited, the Glasgow-based group behind the Six by Nico restaurant network, has revealed improved turnover and profits, together with ambitious growth plans, as it bounces back from Covid restrictions. The group, which serves over 10,000 diners per week across 13 sites in the UK and Ireland, r

The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former CTO of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform co-founded by Samuel

Scottish Enterprise’s support is forecast to generate £709.74 million of Scottish innovation expenditure. The agency approved £120m in grant funding and equity investment for innovation activities in the 2021-22 financial year, which is now calculated to deliver a further £50

A pair of identical twins accused of cheating in a university exam have won a €1.5 million defamation payout after arguing their genetic similarity played a decisive role in their similar answers. Kayla and Kellie Bingham were accused of "academic dishonesty" in 2016 following an eight-hour exa

Cushman & Wakefield has announced that Stuart Dorward will step down as Scotland regional managing partner and pass responsibilities to Murray Strang. After 10 years leading the firm in Scotland, the change will see Mr Dorward dedicate more time to clients and leading the firm’s

A solicitor who swindled American investors out of $16 million (£13m) while acting for them in the purchase of the iconic Taymouth Castle in Perthshire, where Queen Victoria spent her honeymoon, has been sentenced to 12 years in jail — a term believed to be a new record for a lawyer

Alba Equity revealed that its members have now invested over £2 million in Scottish companies in three years. Investments by Alba Equity, since it was formed in 2019 by John Duncan and Jock Gardiner, have leveraged a further £40m in investment through their co-investment partnership with

A quarter of small firms (24%) plan to close, downsize, or radically change their business model if the government reduces energy support post-March next year, according to a new Federation of Small Businesses (FSB) energy survey published this week. The survey, which measured the impact of the ener

In a five part series for Scottish Financial News this week, BTO partner Cat MacLean tells the story of an epic legal battle with the Clydesdale Bank. She explains the reality of litigating against a huge opponent with bottomless pockets, the cost and funding of litigation and the need to find

Accounting and business advisory firm Wylie & Bisset has advised that the development of ‘patient capital’, together with ‘buy and build’ and ‘hub and spoke’ investment models, are making SMEs more attractive for private equity firms. Last year saw £895

The Association of British Insurers (ABI) is urging the Chancellor to freeze the rate of Insurance Premium Tax (IPT) in the Autumn Statement on 17th November. As hard-pressed families, businesses and charities battle the rising cost of living, a hike in IPT could lead to people cutting back on insur

Last Friday 600 guests gathered at Glasgow Hilton for the Glasgow Children's Hospital Charity's Fundraising Ball, raising over £200,000. The ball, which was the first in three years, reached the record-breaking donations total with a generous gift from James and Sandy Easdale of McGill’s

Leap Automation, a Scottish producer of intelligent robotic systems for end of line automation for fresh produce, has received a seven-figure cash injection from Alba Equity and Scottish Enterprise. The significant investment will see the Aberdeen business consolidate its lead in the food packi

Business activity across Scotland's private sector contracted again in September, according to the latest Royal Bank of Scotland PMI data. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector output - was little-chan